Asset Liability Management Sr. Associate / Specialist

tendersglobal.net

JOB DESCRIPTION

Job Title: Asset Liability Management Sr. Associate / Specialist

Location: Washington, D.C.

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 an experienced, energetic, and team-oriented finance professional as an Asset Liability Management (ALM) Specialist. As an ALM Specialist, you will support all IRRBB (Interest Rate Risk on the Banking Book) analyses and strategies to manage balance sheet risk. This includes interest rate exposure analyses, development of hedging strategies, trading activity as required, and performance (income and valuation) attribution and strategies to manage fair value asset and liabilities accounting asymmetries. You will also support the broader Capital Adequacy Framework strategies to generate lending capacity on the balance sheet.

You will work in the ALM Team, part of the Treasury Department, responsible for interest rate risk management, capital optimization, and balance sheet management strategy.

What you’ll do:

Perform and use analysis on the interest rate risk of the banking book to understand the risk profile, using the following techniques: (i) Earnings at Risk, (ii) Economic value of equity, (iii) Duration of equity, (iv) PV01 (Present Value on 1 basis point) Build and maintain relationships with other internal stakeholders, such as the Office of Risk Management Group and its Strategic Risk Management (SRM) team.
Monitor financial markets and propose the optimal risk position of the balance sheet to take advantage of both the balance sheet structure and the potential changes in interest rates. Look for market opportunities to improve further management of IDB’s interest rate exposure to stabilize NII (Net Interest Income). Conduct independent analysis of data and information to validate the appropriateness of applied models and confirm the reasonableness of data generated.
Participate in the technical and operational implementation of our Treasury Management System and other related systems projects. Participate in intra- and inter-departmental working groups, missions, and other initiatives aiming to structure and deliver financing and debt management solutions to Bank borrowers.
Help the implementation of the ALM framework in establishing an ALM book in IDB trading systems and General Ledger. Lead the effort in executing internal and market-facing transactions to transition to the ALM booking model. Trade (i) Interest rate/currency swaps and options, (ii) FX and Commodity options, and (iii) any other type of hedges as of basis exposure management. This includes analysis, pricing, recommendation, and negotiation.
Collaborate in proposing ALM implementation strategies to achieve the optimal position, using various instruments such as interest rate swaps, fixed-income securities, fixed-rate loans, etc.
Support balance sheet optimization strategies under the G20 sponsor Capital Adequacy Framework (CAF).

What you’ll need

Education: Master’s degree (Masters and CFA preferred) in Finance, Business Administration, Math, or other fields relevant to the responsibilities of the role.
Experience: At least 5 years of progressive experience in market risk management, capital markets, derivatives, and asset liability management
Languages: Proficiency in English and Spanish.

Key skills

Learn continuously.
Collaborate and share knowledge.
Focus on clients.
Communicate and influence.
Innovate and try new things

Requirements

Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents.
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

International 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, including an annual base salary expressed on a net-of-tax basis.
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: defined benefit 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 well-being: 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, and mobility options, among others.
Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program, and others.

Our culture

At the IDB Group we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions.

Diversity, Equity, Inclusion and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request a reasonable accommodation to complete this application.

Our Human Resources Team reviews carefully every application.

About the IDB Group

The IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab, offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean.

About IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance, and training to public and private sector clients throughout the region.

Follow us:

https://www.linkedin.com/company/inter-american-development-bank/

https://www.facebook.com/IADB.org

https://twitter.com/the_IDB

Additional Information

External Opening Date: Mar 1, 2024
External Closing Date: Mar 15, 2024
External Contact Email: hrsc@iadb.org
External Contact Name: HR Service Center
Job Field: Treasury and Risk

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Asset Liability Management Sr. Associate / Specialist

JOB DESCRIPTION

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