Post of duty: 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
Executive Secretary of the Staff Retirement Plans – Investment Team
We are looking for a detail-oriented, dedicated, and team-oriented professional to work as Investments Operations Consultant in our Investment Team within the Executive Secretariat of the Staff Retirement Plans. As Investments Operations Consultant, you will support the team’s operations activities including cash and accounts reconciliation, performance calculation and reporting, rebalancing proposals, trade execution and settlement, cash flows monitoring, compliance monitoring, and automation of processes.
The Investment team is responsible for overseeing five Plans with assets totaling more than $7.2 billion: three defined benefit pension Plans (Staff, Local and Complementary Staff), one Postretirement Benefits Plan and a Retiree Life Insurance Program. The five Plans’ assets are diversified and are subject to governing committee-approved Investment Policy Statements (IPS). In addition to managing the Plans’ diverse asset class investments, which are managed in more than 80 individual fund / strategy vehicles by more than 20 investment management firms, the team provides input to the Finance, Human Resources and Risk Management Departments, to senior Management, to the Board of Executive Directors and to Governing Committees, all of which require subject matter expertise (SME), multi-group interaction and reporting deliverables.
What you’ll do
Contribute with the implementation, execution, and settlement of transactions, review and pay fee invoices, reconcile cash and investment accounts, prepare performance reports, maintain databases of assets and performance. Participate in the external audit engagements of the Plans’ financial statements, and any relevant internal audit requests. Assist with the five Plans’ quarterly and annual financial statements preparation. Support the Bank in the implementation of its climate-related disclosures under global sustainability reporting standards (e.g. Task Force on Climate-related Financial Disclosures (TCFD), International Sustainability Standards Boards (ISSB), Securities and Exchange Commission (SEC) frameworks). Build spreadsheets and dashboards to enhance monthly rebalancing process, portfolio monitoring and reporting. Automate tasks within operations. Knowledge of tools such as Power Bi, Power Automate, Tableau, Bloomberg, SAP, or programing skills is desired. Monitor compliance with investment guidelines, assess custodian and asset managers internal controls through the review of their internal control reports (SSAE 18), review of commingled fund audited financial statements, and pricing policies. Assist with operational due diligence meetings with asset managers. Enhance and/or develop risk metrics and controls for operational, credit, financial and market risks. Assist with the calculation of daily, monthly, and quarterly performance and collaborate in the preparation of presentation-ready reports for the Plans’ governing committees and management, including Board decision-making documents on an ad hoc basis.What you'll need
Education: Bachelor’s degree (or equivalent advanced degree) in Accounting, Finance, Business, Mathematics or Statistics, or other fields relevant to the responsibilities of the role. Progress towards professional designation CPA, CFA, FRM or similar accounting or finance designation desired. Experience: At least two years of relevant professional experience in accounting, finance and/or investments. Experience in operations, risk management and/or transactions strongly desired. Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required. Programming / Analytics: Knowledge of MS Project, Power Bi, Tableau, SQL and/or other programming, analytics, and visualization systems.Key skills
Learn continuously. Collaborate and share knowledge. Focus on clients. Communicate and influence. Innovate and try new things.Requirements
Citizenship: You are a citizen of one of our 48-member countries. 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: International Consultant Full-Time. Length of contract: 12 months. Work Location: Headquarters - On site.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: 2 days per month of contract + gender- neutral parental leave. Health Insurance: the IDB Group provides a monthly allowance for the purchase of health insurance. Savings plan: The IDB Group cares about your future, depending on the length of the contract, you will receive a monthly savings plan allowance. We offer assistance with relocation and visa applications for you and your family when it applies. Hybrid and flexible work schedules. ·Development support: We offer learning opportunities to boost your professional profile such as seminars, 1:1 professional counseling, and much more. Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for all employees. Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, and others.Consultant Part-Time
A competitive compensation package. A flexible way of working. You will be evaluated by deliverable.
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.
About IDB