Private Finance Operations Senior Associate

Established in 1959, the Inter-American Development Bank is the main source of multilateral financing for economic, social, and institutional development in Latin America and the Caribbean with over $92 billion in assets as of December 2012. The Bank provides loans, grants, guarantees, policy advice and technical assistance to the public and private sectors of its borrowing member countries.

Private sector operations are carried out under the Vice Presidency for Private Sector and Non-Sovereign Guaranteed Operations (VPP) through the IDB Group's four private sector windows: The Structured and Corporate Finance Department (SCF), the Opportunities for the Majority Initiative (OMJ), the Multilateral Investment Fund (MIF) and the Inter-American Investment Corporation (IIC). Each window focuses on different core constituencies, from base of the pyramid operations, to microenterprises, to small and medium sized enterprises (SMEs), to large companies and projects, as well as investment funds, financial institutions of all sizes and sub-sovereigns.

The Office of Risk Management (RMG) is in charge of managing risk within the organization, including the assessment of credit, operational, and market risks. RMG is seeking a talented and experienced Credit Officer to strengthen its credit risk management group and manage the credit risk of the Bank's non-sovereign guaranteed operations.

KEY ACCOUNTABILITIES

The candidate's main responsibilities will be, among others:

• To provide technical support in the design, preparation and  implementation of independent credit risk assessment of issuers and counterparties in the Investment and derivative portfolio of the bank, including reviewing complex financial statements, regulatory filings, credit agencies reports, and legal documentation in order to fully assess resulting counterparty credit risk.
• To work closely with multidisciplinary teams in the analysis of prospective or existing issuers/instruments and provide technical contributions/recommendations from a credit risk perspective, as part of the Bank's treasury risk approval process.
• To contribute to the periodic annual review of all counterparties within the Bank's portfolio of derivatives and investments.
• To conduct and/or coordinate research and analysis on the development of procedures/policies for counterparty credit risk review and management of the Banks counterparties in its investment and derivatives portfolio.
• To represent the Office of RMG in events, seminars and workshops, within and outside the Bank, including coordinating training events.
• To provide procedural and/or technical work guidance to more junior staff.

Qualifications

Education: Master's degree (or equivalent) in finance, business administration, or relevant field.

Experience: At least 3-5 years of relevant experience in credit risk management (preferably with an international financial institution, particularly in counterparty credit risk).

Languages: Proficiency in English and Spanish is required. Working knowledge of Portuguese is desirable.

TECHNICAL COMPETENCIES

• Proven track-record in the assessment and proactive management of credit risks of complex issuers and counterparties with a variety of products and structures.
• Ability to analyze issuers and counterparties and to independently formulate well-reasoned recommendations and to effectively communicate such recommendations persuasively to the required committees and to senior management, including the ability to drive consensus and approval.
• Good understanding of Financial Institutions and corporate credit risks.
• Proven knowledge and hands-on experience in counterparty credit risk management techniques, assessment of issuers and counterparties, analysis of financial statements and debt repayment capacity, financial modeling, and sensitivity/stress testing analysis.
• Understanding and experience applying industry best practices in terms of economic capital and expected loss calculation.
• Strong financial modeling and analytical skills. Proficiency with PC-based software, i.e., Excel (including financial modeling), Word, PowerPoint, etc.

Competitive Salary
Excellent Benefits
Relocation Package (if applicable)
 Diverse and Inclusive Work Environment

 The IDB is committed to diversity and inclusion and to providing equal opportunities in employment.  We embrace diversity on the basis of gender, age, education, national origin, ethnic origin, race, disability, sexual orientation, religion, and HIV/AIDs status. We encourage women, Afro-descendants and persons of indigenous origins to apply.

To see the full description and to apply please go to:https://iadbcareers.taleo.net/careersection/external/jobdetail.ftl?job=1300004575

Closing Date: 8 November 2013