Background: We are seeking an experienced Division Chief for our Credit Risk Management Division (MCR), part of our Risk Management Department, reporting to the Chief Risk Officer.
The team: The MCR Division is responsible for developing and overseeing credit risk policies, parameters and procedures; reviewing credit and investment proposals submitted to IDB Invest’s Risk Management Department 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 IDB Invest’s capacity to identify and manage the credit risk present in its project 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. Sectors covered by this Division are Infrastructure, Corporate Transactions, Financial Intermediaries, Funds and Equity Investments.
What you’ll do:
Lead and direct the Credit Risk Management Division and its team of highly skilled interdisciplinary and multicultural professionals at headquarters and field offices.
Support the CRO in translating business needs and institutional strategies into clear credit risk strategies, policies, guidelines, standards and limits, identifying emerging market risks, and maintaining abreast of risk rating models.
Promote and maintain a mature risk culture, fostering value propositions opinions and forward-looking analysis, coordinating strategic training on credit related issues and lessons learned.
Provide thought leadership in the analysis of credit risks and assessment performed by the Credit Risk officers of complex project finance, corporate, and structured finance transactions, as well as funds and financial intermediaries, involving loans, equity, credit guarantees and other products. Contribute with vision, insights and realistic options that inform and guide decision-making in origination, portfolio management and recovery efforts related to non-performing assets.
Provide guidance and formulation of well-reasoned recommendations to origination, supervision and special assets teams by applying best practices and lessons learned from experience with similar transactions.
Clearly communicate risk decisions and rationale in committees and meetings. Inform and persuasively communicate with management and senior business partners.
Foster efficiency and ensure proper coordination between functional areas within the Department and the institution while maintaining independence and full engagement through the transaction cycle. Promote collaboration and client focused team work.
Ensure consistent use of analytical tools, risk management models and methodologies to measure IDB Invest projects and counterparty credit risk exposure and to ensure that all transactions operate inside of clearly established limits.
Oversee review and validation of internal credit risk rating models 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.
Lead, manage and mentor Division’s staff to optimize performance. Oversee human resources and budget decisions for the Division.
Lead the organization of credit risk related events, represent the institution in credit risk-related fora, maintain abreast of developments and network with external contacts relevant to credit risk management.
Skills you’ll need:
Education: An advanced degree (at least Master’s, MBA, or equivalent) in Business Administration, Finance, Accounting, or a related discipline.CFA and FRM designation preferred.
Experience:Minimum 15 years of relevant experience and consistent record leading risk management/credit risk teams successfully, of which 7 years at the senior leadership level.Seasoned/specialized expertise in financial risk models/systems, quantitative techniques, and aptitude for working with data.Experience in various sectors such as agribusiness, manufacturing, tourism, logistics, infrastructure, information/ communication technology, social infrastructure and/or equity is desirable.Knowledge and/or experience in Latin America and the Caribbean (LAC) is a significant plus.
Languages: Oral and written professional proficiency in Spanish and English required; knowledge of Portuguese and/or French is a plus.
Type of contract: Fixed term
Length of Contract: 3 years
Starting date: Upon mutual agreement
Location: Washington DC
Internal Number: 1900000335
About Inter-American Development Bank
Our culture: Working with us you will be surrounded by a diverse international group of people who have years of experience in all types of development fields, including transportation, health, gender and diversity, communications and much more.
About us: IDB Invest, a member of the Inter-American Development Bank (IDB) Group, is a multilateral organization based in Washington, D.C., that is committed to the development of Latin America and the Caribbean through the private sector. As part of its mission, the IDB Invest supports the private sector and state-owned enterprises through financing in the form of loans, equity investments, and guarantees. The IDB Invest also partners with clients to provide advisory and training services. In January 2016, the IDB Group consolidated its private sector operations in the IDB Invest to better serve the region, clients and partners, and to maximize its development impact. The consolidated IDB Invest offers the full array of private sector products and services previously offered across the IDB Group.
IDB Invest offers a competitive remuneration and benefits package.
IDB Invest is committed to diversity and inclusion and to providi...ng 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.
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