IDB Invest - Treasury Asset Liability Management Senior Associate
Location: Washington DC
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 motivated, proactive, and adaptable finance professional for our Treasury Asset Liability Management (ALM) team. As an ALM Senior Associate, you will contribute to the management of IDB Invest’s balance sheet, bridging the funding and investment activities of IDB Invest to achieve a structural position in line with the mandates of the Board of Directors, Senior Management, and the Asset Liability Management Committee.
You will work in the Treasury Division which is part of the Finance and Administration Department. The Treasury Division is responsible for the execution of IDB Invest’s borrowing, hedging, trading and cash management activities, as well as the management of IDB Invest’s overall balance sheet.
What you’ll do:
Manage and maintain data feeds and reconciliation processes in close coordination with the Data team and other relevant stakeholders, ensuring data accuracy and integrity. Maintain and improve models and reporting templates. Execute recurrent ALM reporting in a timely, accurate, and independent manner. Contribute to the development of ALM recommendations by carrying out high quality research, scenario analysis, and stress testing. Contribute to broader Treasury and institutional initiatives with sound technical expertise, ensuring ALM mandates and requirements are met. Contribute to the development and maintenance of robust documentation, methodologies and processes. Collaborate with team members to ensure timely completion of project milestones.Collaborate closely with other members of Treasury, Risk Management, Financial Planning, Accounting and Valuations on ALM related topics Continuously develop the skills and expertise required to incrementally manage additional day-to-day ALM activities. Seek to maintain awareness about institutional objectives and the Treasury's contribution to their attainment. Contribute to Treasury engagement initiatives and seek opportunities for collaboration across Treasury teams.What you'll need
Education: Master’s degree (or equivalent advanced degree) in Finance, Risk Management, Computer Science, Engineering, or other fields relevant to the responsibilities of the role.Relevant certifications like FRM or CQF are a plus.
Experience: At least 5 years of progressive experience in Asset Liability Management, Risk Management, and other related balance sheet level management and reporting roles.To excel in this role, you will need:
Strong motivation, self-drive, and sense of accountability. Versatility and responsiveness to changing priorities. Desire and dedication to further developing your skills and responsibilities. A sound understanding of fixed-income markets, including OTC derivatives. A quantitative background and prior coding experience (e.g., Python, R, Julia) Proficiency in Microsoft Excel and basic SQL querying knowledge. Strong database management and dashboard development skills. Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.Key skills
Learn continuously Collaborate and share knowledge Focus on clients Communicate and influence Innovate and try new thingsRequirements
Citizenship: No 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
International: 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 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 supports 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 wellbeing: 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, 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 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 maximize 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.
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Additional Information
External Opening Date: Aug 16, 2024 External Closing Date: Sep 9, 2024