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 dynamic, results-oriented, and client-focused consultant to provide support on the management and resolution of IDB Lab’s Special Assets portfolio and related activities.
You will work in the Finance, Risk and People Division (FRP) of the IDB Lab. This team is responsible for the management of the IDB Lab Special Assets Portfolio as part of its risk management responsibilities. You will be reporting to the FRP’s Division Chief.
What you’ll do
- Support the analysis of the financial condition, credit risk, and repayment capacity of IDB Lab clients in the Special Assets Portfolio, including distressed or underperforming investments.
- Conduct financial and credit analysis, including review of financial statements, cash flows, debt capacity, liquidity, repayment capacity, and other relevant financial information.
- Support the Senior Specialist in assessing restructuring, recovery, and write-off scenarios through financial analysis, projections, and other quantitative assessments.
- Assist in monitoring Special Assets clients, including financial performance, compliance with agreed restructuring terms, payment commitments, and progress against agreed action plans.
- Prepare draft restructuring and write-off memoranda, financial analyses, and presentations for consideration by the appropriate IDB Lab authorities and committees.
- Participate in client meetings and, when appropriate, institutional or field visits to support the assessment and monitoring of distressed or underperforming operations.
- Maintain accurate and up-to-date financial and portfolio information for Special Assets cases and assist in identifying relevant trends, risks, and developments.
- Support the FRP risk team in monitoring and reporting on the Special Assets Portfolio through the preparation of portfolio analyses, dashboards, presentations, and other reporting materials.
What you'll need
Education: A master's degree in finance, economics, risk management, or a related field is required. Certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are desirable.
Experience: At least 5 years of professional experience with responsibilities in risk management applied to credit and/or equity operations in a country or countries of the LAC region.
Languages: Proficiency in Spanish and English, spoken and written, is required. Additional knowledge of French and Portuguese is preferable.
Requirements
- Citizenship: (IDB/IDB Lab - National) You are either a citizen of Ecuador, Colombia, Chile, Costa Rica, Honduras, Panama, Peru, or Uruguay, or a citizen of one of our 48 member countries with residency or a legal permit to work in Ecuador, Colombia, Chile, Costa Rica, Honduras, Panama, Peru, or Uruguay.
- 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.
- Remote Modality: The selected candidate will not provide services from the Bank’s office and will not be provided a physical space on the premises of the Bank’s Country Office. The candidate selected will be responsible for setting up the space, and for having the equipment, internet, and phone accesses to accomplish these TORs, outside the Bank’s office. Access to the Bank’s systems will be arranged in coordination with the Bank.
Type of contract and duration
Local Remote Consultant Full-Time, 12 months (up to 48 months, subject to eligibility)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.
- Leave and vacations: 2 days per month of contract + gender-neutral parental leave.
- Health Insurance: The IDB Group provides a monthly allowance to supplement the purchase of health insurance.
- Savings plan: Depending on the length of the contract, the consultant will receive a monthly savings plan allowance.
- Fully remote modality.
- Development support: Learning opportunities such as seminars and 1:1 professional counseling.
- Health and well-being: Access to the Health Services Center for preventive care and health education.
Our culture
At the IDB Group we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions.
Diversity, Equity, Inclusion and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request reasonable accommodation to complete this application