Back Head of Investments of the IDB Retirement Plans (Treasury & Risk Principal Specialist)

Head of Investments of the IDB Retirement Plans (Treasury & Risk Principal Specialist)

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 a highly qualified and experienced finance professional to provide leadership and oversight to the Investments team within the Executive Secretariat of the Staff Retirement Plans department (SRP). SRP is responsible for overseeing the payment of pension benefits, managing the investment of assets, carrying out the day-to-day administration of the Plans, and performing other functions contemplated in the Plan’s regulations and/or delegated by the Managing or Pension Committees. SRP is clustered into three teams: investments, pension administration, and front office and analytics. Reporting directly to the SRP Executive Secretary, you will be part of the SRP management team.

The Investment team oversees five Funds totaling over USD 8 billion in assets: three defined benefit pension funds (Staff, Local and Complementary Staff), one postretirement benefits and a retiree life insurance fund. The investments are mainly managed using external investment managers diversified across 14 asset classes, such as U.S. Equities, Non-U.S. Equities, Emerging Market Equities, Public and Private Real Estate, Public and Private Infrastructure, and Core fixed Income among others. In addition to asset class diversification, the SRP investment team is responsible for providing inputs to the Bank’s risk management and financial accounting processes, reporting to governing committees and the Boards of Directors, monitoring external investment managers, analyzing and assessing asset classes and economic scenarios, and manage portfolios of U.S. TIPS. The Head of Investments is responsible for setting the investment style and strategy, managing the investment team, supporting the Executive Secretary of the Retirement Plans, and representing the investment component of the retirement Plans within the IDB Group.

What you’ll do:

• Oversee investment analysis and management activities to monitor external managers’ performance, compliance with approved investment guidelines, strategies and organization on a daily, monthly, quarterly and annual basis.
• Asset-Liability Studies and Implementation Activities: Provide support to the team and oversight committees (Investment, Pension and other) in current and future asset-liability analyses, implementation, tactics and legal documents.
• Asset Class/Manager Research Activities: Lead the research of new asset classes (including but not limited to hedge funds, private equity, private infrastructure) and various derivatives strategies as directed by the Investment and Pension Committees, Executive Secretary and/or market conditions. Also lead research into the selection of new investment managers, and assessment of managers’ quality, including consideration of termination upon certain conditions.
• Investment Operations: Review and approve transactions, financial statements, performance, tax reclaims. Provide oversight to year-end external auditor, quarterly fee invoices, reconciled monthly manager/Custodian reports, compliance reports, daily operations (trading and performance) and monthly rebalancing activities.
• Foster and be a role model for an inclusive and equitable work environment, promoting employee engagement.

  What you’ll need

  • Education: Master’s degree (or equivalent advanced degree) in Finance, Business Mathematics, Statistics, or other fields relevant to the responsibilities of the role. CFA or CAIA charter is highly preferred.
  • Experience: Minimum of ten (10) years of relevant experience in investment analysis, portfolio management, capital markets/structured finance products gained at an Investment Bank, Commercial Bank or International Financial Institution. Previous experience managing pension investment portfolio is a plus.
  • Language: You are proficient (written and oral) in English. Knowledge of another Bank language (Spanish, Portuguese, or French) is preferred.

    Key Skills:

    • Mentor and develop
    • Promote Diversity, Equity, Inclusion and Belonging
    • Focus on clients
    • Communicate and influence
    • Innovate and try new things
    • Build Lean and Versatile teams

      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