City: Panamá, Bogotá
Company: IDB
Posting End Date: .
We improve lives
The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.
About this position
We are looking for a motivated and disciplined professional with a background in economics and financial risk. As Capital Adequacy & Credit Risk Management Senior Associate, you will support credit risk analysis, including sovereign risk indicators, and their implications in the Bank's loan portfolio and capital adequacy metrics and the implementation financial models to assess capital requirements.
The ideal candidate will be able to quickly understand the institution's credit book and the implications of changes in the capital adequacy assessment and lending forecasts. The role requires good knowledge in finance and macroeconomic dynamics that can impact the creditworthiness of sovereigns, financial markets and instruments, and advanced understanding of financial modeling.
You will work in the Credit Risk Management Group (RMC) as part of the Office of Risk Management (RMG). RMC develops and applies models and instruments for the assessment and management of credit risk in the Bank's lending operations and capital requirements. It performs country vulnerability assessments, recommends approval and performs periodic credit assessments of issuers and counterparts in Treasury operations. RMC is in charge of quantifying and overseeing the Bank's Capital Adequacy Policy.
What you'll do
- Support the analysis of economic capital and regulatory capital metrics, including assessing the impact of new products, transactions, and policies on the Bank's capital.
- Contribute to risk policies, capital adequacy regulations, and risk appetite frameworks
- Manage databases and perform data analytics, creating and/or enhancing credit risk models and analytical tools to improve the assessment of portfolio sovereign risk and its implications on the Banks' operations
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- Support the development of potential future scenarios based on current macroeconomic data and trends.
- Monitor and report on portfolio trends, including approvals, disbursements and prepayments, to help optimize the Bank's capital consumption.
- Support senior analysts in managing analytics for economic capital
- Support the assessment of proposals for the economic capital treatment of new credit instruments and risk transfer initiatives
- Participate in the drafting of presentations and reports to senior management.
What you'll need
- Education: Master's degree (or equivalent advanced degree) in Finance, Economics or related quantitative discipline in an accredited University. CFA Charter or Financial Risk Manager (FRM) certification is desirable.
- Experience: At least 3 years of professional experience in jobs related to credit risk and/or financial modeling for Banks, capital adequacy, or a relevant field.
- Languages: Proficiency in English and one of the other Bank's official languages (Spanish, French, or Portuguese) is required.
Requirements
Citizenship:
(IDB/IDB Lab - National) You are either a citizen of Colombia or Panama or a citizen of one of our 48-member countries with residency or legal permit to work in Colombia or Panama.
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.
Key Skills:
- Proven analytical skills with a strong orientation towards detail, and an emphasis on data and modeling are required.
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- Understanding of Basel regulations, and economic capital frameworks is expected
- Proficiency in basic credit risk modelling is expected.
- Ability to understand financial planning models for banking institutions is highly desirable.
- Full proficiency in Microsoft Excel and Access, including macros and VBA.
- Knowledge of other software tools such as Python, SQL, and PowerBI is highly desirable.
- Excellent writing and communication skills.
Type of contract and duration
- Staff: - 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 which covers medical, dental, vision, preventive care, and prescription drugs.
- Pension plan: pre-defined pension plan that provides financial security and support employees in planning for their future.
- We offer assistance with relocation and visa applications for you and your family, when it applies.
- Hybrid and flexible work schedules
- Health and wellbeing: Access to our Health Services Center which 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 perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program, and others.
- Development support: We offer learning opportunities to boost your professional profile such as seminars, 1:1 professional counseling, and much more.
Our culture
At the IDB, 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 .
