IDB Invest - Risk Management Officer / Senior Associate

About this position

We are looking for a Credit Risk management professional with strong experience in Infrastructure (Project Finance) and Corporate Finance, including in sectors such as energy, water and sanitation, social infrastructure, transportation and critical experience in Sovereign Owned Entities (SOEs).

You will work in the Credit Risk Division, part of the Risk Management Department of IDB Invest.

The Credit Risk Management Division is responsible for developing and leading all aspects of credit risk policies, parameters and procedures, reviewing credit and investment proposals, assessing risk and supporting the internal credit approval process and portfolio supervision. The Credit Risk Management Division works closely with Investment Officers and clients to find opportunities to add new value dedicatedly, beyond compliance and risk mitigation, and bring developmental impact and sustainability.

What you’ll do

• Support the origination, execution, and monitoring of corporate and project finance transactions with significant development impact and provide independent technical risk assessments.
• Identify sensitive areas and issues (to be addressed by various business areas) and offer potential solutions and alternatives.
• Perform an independent credit risk assessment of complex infrastructure and corporate transactions, reviewing and providing advice on financing structures, financial documents, consultant reports, financial models, and legal documentation to fully assess resulting credit risk.
• Be part of multidisciplinary teams in the analysis of prospective transactions and make recommendations to mitigate the identified key credit risks.
• Review and ratify the internal credit risk ratings, considering borrower risks, transaction structure risks, macro/regulatory environment, non-financial risks, envisioned probability of default, loss-given default, and expected recoveries.
• Review the portfolio of non-sovereign guaranteed operations and undertake periodic annual reviews, identifying early problems and maintaining updated the credit risk rating.
• Prepare written credit risk assessments including a credit recommendation on the counterparty's risk profile/rating.
• Formulate well-reasoned recommendations and persuasively communicate recommendations at required committees and to senior management.
• Review and advise the processing of waivers and amendments presented by required Divisions.
• Work closely with the Special Assets Division on troubled debt restructurings to identify a suitable strategy and steer jointly with partners within IDB Invest recovery efforts and propose loan provisions.
• Use analytical tools, risk management models and methodologies to measure IDB Invest credit risk exposure for assigned projects and ensure all transactions operate inside of clearly established limits.
• Work closely with the origination teams disseminating good practices and generated knowledge and collaborating in the design and administration of training programs on credit issues.

What you'll need

• Education: Master’s degree (or equivalent advanced degree) in Business Administration, Finance, Engineering, or other fields relevant to the responsibilities of the role.
• Experience: You have a minimum of four (4) years, candidates with above  (5) years of relevant professional experience in similar positions would be preferred. You possess proven analytical skills and seeking innovative solutions.
• Languages: Proficiency in English, spoken and written, is required. Additional knowledge of Spanish is considered a Plus.

Requirements

• Citizenship: You you must be eligible to work in Bahamas, Barbados, Belize, Dominican Republic, Guyana, Jamaica, Surinam or Trinidad & Tobago without the need for sponsorship by the IDB Invest.
• 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.