tendersglobal.net
We work to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, we help improve health and education, and advance infrastructure. Our aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today we are the leading source of development financing for Latin America and the Caribbean. We provide loans, grants, and technical assistance; and we conduct extensive research. We maintain a strong commitment to achieving measurable results and the highest standards of integrity, transparency, and accountability.
The Bank’s current focus areas include three development challenges – social inclusion and equality, productivity and innovation, and economic integration – and three cross-cutting issues – gender equality and diversity, climate change and environmental sustainability; and institutional capacity and the rule of law.
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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
IDB Invest has five Departments: Investment Operations, Strategy and Development, Risk Management, Legal, and Finance and Administration (FNA). FNA is made up of 4 divisions, including Controllership, Treasury, Analytics, Knowledge and Information and Operations.
IDB Invest’s business has significantly increased in size and complexity. Since 2016, more than 220 operations reaching over US$12 billion have been approved. At the end of 2019, a new Business Plan covering the 2020-2022 period was approved, projecting a 25% increase in business flow and 20% in projects under supervision. Given this, it is a strategic priority to strengthen the back-office functions of the institution, including those related to finance, loan disbursements, loan servicing, accounts receivables & payables, and to treasury settlements and cash management.
The team: The Operations Division (OPD) is comprised of transaction services, including covenant monitoring, spreading & analysis, disbursement processing, screening, and trade & supply chain finance support, as well as financial and administrative services, including financial operations, treasury operations, and document management. The division is actively involved in the implementation of process improvements and efficiencies, including the implementation of various technology initiatives.
The successful candidate should have a strong background in managing, implementing, and executing banking operations and managing dynamic teams. As Managing Director of the Operations Division, you will report to the FNA Manager.
What you will do:
a) Transaction registration and administration in finance systems, client billing, and collection.
b) Treasury settlements, payments & accounts management, corporate payments & collection.
c) Electronic archiving and document management.
a) Covenant management and collateral tracking.
b) Financial statement spreading & analysis.
c) Disbursement processing and coordination.
d) Integrity and anti-money laundering screens for clients and vendors.
What you will need:
Key Skills:
Requirements:
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:
Our culture
At the IDB Group we work so everyone brings their best and authentic selves to work, willing to try innovative 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 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 Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and improve economic, social, and environmental development in the region. With a portfolio of $16.3 billion in asset management and 394 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.
This is how cinfo can support you in the application process for this specific position:
Working hours (%): 80-100%
80-100%
Type of contract: Staff (Permanent and Fixed Term)
Macro-area: North America
Level of experience: Executive Level
Area of work: Banking and Finance
Type of organisation: Multilateral Organisations
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