We improve lives
The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.
About this position
We are looking for a motivated and disciplined professional with a background in economics and financial risk. As Capital Adequacy & Country Vulnerabilities Senior Associate, you will support country vulnerability analysis, including country risk indicators, and their implications in the Bank’s loan portfolio and capital adequacy metrics and the implementation financial models to assess capital requirements.
The ideal candidate will be able to quickly understand the institution’s loan book and the implications of changes in the capital adequacy assessment and lending forecasts. The role requires advanced knowledge in finance and macroeconomic dynamics that can impact the creditworthiness of sovereigns, financial markets and instruments, and a good understanding of financial modeling.
You will work in the Credit Risk Management Group (RMC) as part of the Office of Risk Management (RMG). RMC develops and applies models and instruments for the assessment and management of credit risk in the Bank’s lending operations and capital requirements. It performs country vulnerability assessments, recommends approval and performs periodic credit assessments of issuers and counterparts in Treasury operations. RMC is in charge of quantifying and overseeing the Bank’s Capital Adequacy Policy.
What you’ll do
- Support the macroeconomic analysis and financial oversight, including monitoring of economic indicators, fiscal policies, debt levels, political stability, CDS, EMBI, and other relevant financial indicators of countries in the Bank’s portfolio.
- Manage databases and perform data analytics, creating and/or enhancing analytical tools to improve the assessment of country vulnerability analysis and its implications on the Banks’ operations
- Support the development of potential future scenarios based on current data and trends.
- Assess how different disbursement profiles might impact capital adequacy metrics.
- Monitor and report on delays in disbursements to help optimize the portfolio and reduce unnecessary capital consumption.
- Support senior analysts in managing analytics for economic capital
- Support the assessment of proposals for the economic capital treatment of new credit instruments and risk transfer initiatives
- Participate in the drafting of presentations and reports to senior management.
What you'll need
- Education: Master’s degree (or equivalent advanced degree) in Finance, Economics or related quantitative background in an accredited University. CFA Charter is desirable.
- Experience : At least 3 years of professional experience in jobs related to financial modeling for Banks, capital adequacy, or a similar relevant field.
- Languages: Proficiency in English and one of the other Bank’s official languages (Spanish, French, or Portuguese) is required.
Key skills
- Proven analytical skills with a strong orientation towards detail, and an emphasis on data and modeling are required.
- Proficiency in sovereign credit metrics and debt sustainability is expected.
- Ability to understand financial models for banking institutions is highly desirable.
- Understanding of Basel regulations, ESG factors, and international economic frameworks is desirable.
- Full proficiency in Microsoft Excel and Access, including macros and VBA.
- Knowledge of other software tools such as Tableau, SQL, Bloomberg, and PowerBI is desirable.
- Excellent writing and communication skills.
Technical Track
Requirements
- Citizenship : You are either a citizen of XXX or a citizen of one of our 48-member countries with residency or legal permit to work in XXX .
- Consanguinity : You have no family members (up to the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.
- COVID-19 considerations: the health and safety of our employees are our number one priority. As a condition of employment, IDB/IDB Invest requires all new hires to be fully vaccinated against COVID-19.
Type of contract and duration
- Staff: National: National staff contract, 36 months initially, renewable upon mutual agreement.
What we offer
The IDB group provides benefits that respond to the different needs and moments of an employee’s life. These benefits include:
- A competitive compensation package
- Leaves and vacations : 24 days of paid time off + 8 personal days + sick leave + gender- neutral parental leave
- Health Insurance : IDB Group provides employees and eligible dependents with a robust medical benefits program which covers medical, dental, vision, preventive care, and prescription drugs.
- Pension plan : pre-defined pension plan that provides financial security and support employees in planning for their future.
- We offer assistance with relocation and visa applications for you and your family, when it applies.
- Hybrid and flexible work schedules
- Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for employees.
- Development support : We offer tools to boost your professional profile such as mentoring, 1:1 professional counseling, training and learning opportunities, language classes, mobility options, among others.
- Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program, and others.
- Development support: We offer learning opportunities to boost your professional profile such as seminars, 1:1 professional counseling, and much more.
Our culture
We ensure that individuals with disabilities are provided reasonable accommodations to participate in the job interview process. If you require an accommodation to complete this application, please email us at accommodations@iadb.org .