The team: The Credit Risk Management (MCR) Division of the Risk Management Department (RSM) is responsible for developing and leading all aspects of credit risk policies, parameters and procedures; reviewing credit and investment proposals submitted to the 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 the IDB Invest’s capacity to identify and balance 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 find opportunities to add new value dedicatedly, beyond compliance and risk mitigation, and bring developmental impact and sustainability.
What you’ll do: You will support the origination, execution, and monitoring of projects with significant development impact and provide independent technical risk assessments of IDB Invest’s transactions, identifying sensitive areas and issues to be addressed by various business areas, and offer potential solutions and alternatives.
Perform the independent credit risk assessment of complex transactions, including reviewing and providing advice on financing structures, financial documents, consultant reports, financial models, and legal documentation in order to fully assess resulting credit risk and possible mitigants to assigned transactions.
Be part of multidisciplinary teams in the analysis of prospective transactions and make recommendations to mitigate the identified key credit risks, as part of the credit approval process.
Review and ratify the internal credit risk ratings applicable to the transactions assigned, considering all dimensions involved, including borrower risks, transaction structure risks, and the macro/regulatory environment, as well as the envisioned probability of default, loss-given default, and expected recoveries.
Review the portfolio of non-sovereign guaranteed operations and undertake periodic annual reviews.
Prepare written credit risk assessments including a credit recommendation on the counterparty's risk profile/rating in accordance with our credit policy and guidelines and documentation standards.
Formulate well-reasoned recommendations and persuasively communicate recommendations at required committees and to senior management.
Provide mentorship 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 presented by the Portfolio Management and Origination Divisions.
Work closely with the Special Assets Division on troubled debt restructurings to identify suitable debt restructuring strategy, steer jointly with that Division and other partners in the IDB Invest the recovery efforts and propose loan provisions.
Use an array of 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.
What you’ll need:
Education: You hold a Master’s in Business Administration, Finance, Engineering, or relevant field.
Experience: You have a minimum of five years of relevant professional experience. You will also possess proven analytical skills and seeking innovative solutions.
Languages: You are proficient English and preferably in another Bank official language: Spanish, French or Portuguese.
Type of contract: Fixed-term, staff
Length of contract: 3 years
Location: Kingston, Jamaica
Our culture: Working with us you will be surrounded by a diverse 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.
IDB Invest offers a competitive remuneration and benefits package.
IDB Invest 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.