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 thingsRequirements
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