IDB Invest - Credit Risk Management Director - FI and Infrastructure and Energy in CID

Location

The position can be based in one of the following cities: Guatemala (Guatemala City), Mexico (Mexico City), Panama (Panama City), Costa Rica (San Jose), El Salvador (San Salvador), Dominican Republic (Santo Domingo), Honduras (Tegucigalpa). The specific location will be determined based on business need, allowing us to strategically align talent with organizational priorities.

We improve lives

About this position

The Credit Risk Management (MCR) Division, part of the Risk Management Department of IDB Invest, is seeking a highly qualified and experienced Director to lead the Division’s credit risk activities for Financial Institutions (FIs) and Infrastructure and Energy, including the coordination of a team of credit risk officers whose role is to support the origination, execution and management of high quality and creditworthy projects that result in significant development impact. The Director will also be the voting risk member in the assigned Delivery Units as further outlined below. The selected Director will report to the Managing Director of the MCR Division.

The MCR Division, is responsible for developing and overseeing credit risk policies, parameters and procedures; articulating best practices and credit risk training, 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). This Division covers Infrastructure, Corporates, Financial Intermediaries and Funds; and Equity.

The MCR Division works closely with investment officers and clients to identify opportunities to proactively add value, beyond compliance and risk mitigation, and contribute to long-term developmental impact and sustainability of transactions.

Business delivery is conducted through Delivery Units that 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. 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

• Coordinate the Division’s activities related to financial institutions and infrastructure and energy, including the coordination of a team of credit risk officers whose role is to support the origination, execution and monitoring of high quality and creditworthy projects that result in significant development impact.
• Serve as RSM voting member of the assigned Delivery Units and support the investment teams in the completion of transactions.
• Lead the development of credit risk capabilities across the Financial Institutions, Infrastructure, and Energy sectors by promoting risk awareness, lessons learned, and knowledge-sharing initiatives..
• Lead/perform the independent credit risk assessment of complex financial institutions, corporate or project finance 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 the 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.
• Review and advise in the processing of all material waivers and amendments.
• 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.
• Guide the design and implementation of credit risk training frameworks, curricula, and learning programs aligned with institutional priorities and emerging credit risk trends.
• Contribute to IDB Invest strategies and evaluations.
• Participate in relevant internal and external meetings with internal and external clients, providing expert advice, influencing strategic discussions, and strengthening relationships with clients and stakeholders, or indicated the responsibilities expected.
• Oversee the creation and dissemination of credit risk thought leadership, best practices, and knowledge products to strengthen client capabilities and support sound risk management.
• Provide leadership, mentoring, and support to other team members.
• Other activities as requested by the MCR Managing Director.

What you'll need

• Education: 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 experience in a credit risk-related function, preferably in a similar role at a peer institution, financial services provider, or professional services firms.
• Language: Proficiency in Spanish and English, spoken and written, is required. Additional knowledge of Portuguese 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: No requirements.
• 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

Staff contract, 36 months initially, renewable upon mutual agreement.

Please note that the applicable contract will be determined by the IDB Group. This determination will be based on the location of the position, as well as the selected candidate’s nationality, residency status,and/or authorization to work without the need for sponsorship of the IDB Group in the country of assignment.

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.
• On-site position with the occasional flexibility of teleworking.
• 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.
• Other office amenities (as available).

Our culture

At the IDB Group, we work so everyone brings their best and authentic selves to work while finding their purpose. Our people consistently strive for excellence, and we recognize and celebrate the impact of their contributions.

In our efforts to drive innovation, we intentionally include all voices, cultivate a sense of belonging and champion fairness. We welcome individuals from underrepresented groups to join us and share their unique perspectives.

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.

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