Location

The position can be based in any of the following cities: Nassau (Bahamas), Christ Church (Barbados), Belize City (Belize), Georgetown (Guyana), Kingston (Jamaica), Paramaribo (Suriname) or Port of Spain (Trinidad and Tobago).

We improve lives

About this position

We are seeking to fill one Director position within the Credit Risk Management (MCR) Division for the Caribbean region (for the three industries described above). This Director will report to the MCR Division Managing Director and will play a key role in coordinating the Division’s activities across their respective areas, while leading teams of Credit Risk Officers responsible for supporting the origination, execution, and monitoring of high-quality, creditworthy projects with significant development impact.

The Credit Risk Management (MCR) Division, part of the Risk Management Department of the IDB Invest, is responsible for developing and overseeing credit risk policies, parameters and procedures; reviewing credit and investment proposals with a view to assessing risk and supporting the internal credit approval process; participating in the project portfolio supervision process to validate risk rating assessments; and strengthening the Institution’s capacity to identify and manage the credit risk present in its lending operations and treasury activities (including investments and financial derivatives portfolios).

The MCR Division works closely with investment officers and clients to identify opportunities to add value proactively, beyond compliance and risk mitigation, and contribute to long-term developmental impact and sustainability. This division covers Infrastructure, Corporates, Financial Intermediaries and Funds; and Equity.

The Director will be a Member of the Delivery Units. These Delivery Units are responsible for: (i) establishing and maintaining client relationships, (ii) building pipeline through upstream project and sector development, (iii) transaction execution through the incorporation of multiple financial products including loans, guarantees, debt capital markets, equity and quasi-equity instruments, as well as resource mobilization and technical cooperation and (iv) acting as the center of institutional knowledge and expertise for the sectors covered by the Division. This integrated model enables Delivery Units to align business development with strategic priorities, enhance regional coordination, and ensure operational effectiveness across IDB Invest.

What you’ll do

• The Director will be responsible for the independent technical credit risk assessment of complex project finance, corporate and financial intermediaries’ transactions, identifying sensitive areas and issues to be addressed by various business areas of the Institution, and providing advice on potential solutions and alternatives.
• The Director will be the credit risk Member of the Delivery Units for project origination and support the investment teams in the completion of transactions. There are three Delivery Units in the Caribbean Region (Infrastructure and Energy, Financial Intermediaries, and Corporates).
• Lead/perform the independent credit risk assessment of complex transactions, including reviewing and providing advice on financing structures, consultant reports, financial models, and legal documentation in order to fully assess resulting credit risk and possible mitigants to assigned or supervised transactions.
• Work closely with multidisciplinary teams in the analysis of prospective transactions and make recommendations to mitigate the identified key credit risks, as part of approval process.
• Supervise/review and ratify the internal credit risk ratings applicable to transactions, considering all dimensions involved, including borrower risks, transaction structure risks, and the macro/regulatory environment, as well as the estimated probability of default, loss-given default, and expected recoveries.
• Review/prepare well written credit risk assessments including credit recommendations on the counterparty's risk profile/rating in accordance with IDB Invest credit policy and guidelines and documentation standards.
• Formulate well-reasoned recommendations and persuasively communicate recommendations at required committees, and to senior management.
• Provide guidance and advice to origination teams by applying best practices and lessons learned from experience with similar transactions.
• Review and advise in the processing of all material waivers and amendments to loan documentation presented by the IDB Invest’s Portfolio Management Division.
• Work closely with the IDB Invest’s Special Assets Division on troubled debt restructurings to identify suitable debt restructuring strategies, steer jointly with that Division and other stakeholders in the IDB Invest the recovery efforts and proposed loan provisions.
• Use analytical tools, risk management models and methodologies to measure IDB Invest credit risk exposure for assigned projects and ensure that all transactions operate inside of clearly established limits.
• Collaborate in the design and administration of training programs on credit issues and topics.
• Contribute to IDB Invest strategies and evaluations.
• Oversee the approval process of other Credit Risk Officers; as well as waiver approvals as required by the MCR Division Managing Director.
• Participate in relevant internal and external meetings with internal and external customers as required by the MCR Division Managing Director.
• Oversee preparation and dissemination of good practices and generated knowledge, further ensuring that clients are provided with capacity-building on credit risk management related topics.
• Providing leadership, mentoring and support to other team members.

What you'll need

• Education: A master's degree (or equivalent advanced degree) in finance, business administration, engineering, or other fields relevant to the responsibilities of the role.
• Experience: At least 10 years of relevant professional progressive experience, preferably 15 years of experience, in a credit risk-related function, preferably in a similar role at a peer institution, financial services provider, or professional services firms.
• Languages: Proficiency in English. Additional knowledge of Portuguese and/or Spanish is desirable.

Please note that for this position, the final candidates will be required to successfully pass a background check to the satisfaction of the IDB Group, as a pre-employment condition, which will be conducted by third-parties.

Requirements

• Citizenship: Must be eligible to work in job location(s) without the need for sponsorship.
• 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.

Type of contract and duration

• 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 that covers medical, dental, vision, preventive care, and prescription drugs.
• Pension plan: defined benefit pension plan that provides financial security and support employees in planning for their future.
• Hybrid and flexible work schedules.
• Health and well-being: Access to our Health Services Center that 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.

Our culture