Back IDB Invest - Financial Products and Services Strategic Consultant (PEC)

IDB Invest - Financial Products and Services Strategic Consultant (PEC)

Location: United States of America

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 seeking a Senior Consultant for IDB Invest's Financial Products and Services Division (FNP), who possesses extensive experience in structuring guarantee products to support private sector development in Latin America and the Caribbean (LAC). This position offers an exciting opportunity to contribute to the growth of IDB Invest’s financial products and services, making a meaningful impact in the region.

Credit and liquidity support guarantees are crucial for fostering sustainable development and economic progress, as they enable private sector entities to manage cash flow and meet obligations even during financial stress. IDB Invest aims to enhance its guarantee offerings, including partial credit guarantees for debt securities issued by private sector clients and guarantees on asset portfolios (risk transfer). The objective of this consultancy is to provide expert analysis and recommendations on the structuring and sizing of guarantees, ensuring that they meet the needs of private sector clients, are attractive to institutional investors, and comply with regulatory requirements.

As a consultant, you will develop tools to promote IDB Invest’s guarantee products more efficiently. This role will involve mapping the guarantees and risk transfer products currently offered by regional commercial banks, optimizing IDB Invest’s offerings and developing a roadmap to scale up the products.

What you’ll do:

• Collaborate with the Debt Capital Markets and Resource Mobilization teams to assess the specifics of IDB Invest’s guarantee offerings and pricing structures and compare to market practice/standards.
• Engage with local market participants, including commercial banks, dealer-brokers, stock exchanges, multi-lateral development banks and rating agencies, to gather insights on current guarantee offerings and identify key differences from IDB Invest’s products.
• Interact with local and international institutional investors to understand their needs and inform IDB Invest’s of any gaps in current offerings.
• Enhance the origination and monitoring of guarantee products by developing statistical models to quantify risk exposure and determine appropriate guarantee coverage to achieve targeted credit ratings, both at origination and for ongoing valuation purposes.
• Create internal/external marketing material to support origination of guarantee products focusing on key markets such as Colombia, Brazil, Mexico, Costa Rica, Jamaica, and Chile.
• Conduct a benchmarking exercise on the initiatives of other international finance institutions and similar organizations in the region to inform IDB Invest’s strategy for scaling guarantee products.
• Define a roadmap for the implementation of IDB Invest’s strategy to scale-up guarantee products in key markets.
• Communicate findings and recommendations with relevant audiences within IDB Group.

  Deliverables and Payments Timeline:

  Deliverable

  Percentage

  Due Date

  Complete a benchmarking exercise of guarantee products offered by other actors in key markets

  20%

  Week 8

  Identify the needs and expectations of local and international institutional investors, and suggest enhancements in IDB Invest offerings

  10%

  Week 10

  Create models to size and price guarantee (both corporate level and pool of assets) according to target ratings for origination purpose (detail methodology and assumptions used in the models)

  20%

  Week 14

  Adapt models for on-going valuation purposes

  10%

  Week 15

  📚 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗛𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗮 𝗝𝗼𝗯 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗡 𝗶𝗻 𝟮𝟬𝟮𝟯! 🌍🤝 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗡𝗘𝗪 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗺𝗲𝗻𝘁 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗡 𝟮𝟬𝟮𝟯 𝘄𝗶𝘁𝗵 𝘁𝗲𝘀𝘁 𝘀𝗮𝗺𝗽𝗹𝗲𝘀 𝗳𝗼𝗿 𝗨𝗡𝗛𝗖𝗥, 𝗪𝗙𝗣, 𝗨𝗡𝗜𝗖𝗘𝗙, 𝗨𝗡𝗗𝗦𝗦, 𝗨𝗡𝗙𝗣𝗔, 𝗜𝗢𝗠 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿𝘀! 🌐

  ⚠️ 𝐂𝐡𝐚𝐧𝐠𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐟𝐞 𝐍𝐨𝐰: 𝐏𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐣𝐨𝐛 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐍𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐎𝐖!

  Develop a suite of internal and external marketing materials tailored for guaranteed products, focusing on key markets (brochures, presentations, and product one-pagers)

  10%

  Week 18

  Complete a benchmarking exercise of initiatives of other international finance institutions and similar organizations to scale up guarantee products

  10%

  Week 20

  Define a complete and regional roadmap for scaling up guarantee products

  20%

  Week 26

  The first contract will go from January 16, 2025, until March 31, 2025. The second contract will go from April 1, 2025, until July 15, 2025.

  What you'll need

  • Education: Master’s degree in public policy, economics, government, or similar fields.
  • Experience: At least 10 years of combined experience in executive positions in LAC private sector, government, and multilateral organizations. Proven experience in finance and the private sector: experience in business development, sustainable finance, and a solid network with local and international investors and/or broker-dealers in Latin America and the Caribbean. Regional knowledge: possess a deep understanding of the markets in LAC. Relationship and communication skills: a demonstrated ability to establish relationships with institutional investors and regulatory bodies, along with excellent communication and presentation skills.
  • Languages: English, and Spanish or Portuguese.

    Key skills

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

      Requirements

      • 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

        • Type of contract: Products and External Services Consultant (PEC), Lump Sum.
        • Length of contract: This Consultancy has a total duration of 6 months, divided in two contracts the first one of 2.5 months and the second one of 3.5 months.
        • Work Location: Remote.

          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 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.