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
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:
What you'll need
Key skills:
Requirements:
REQUIRED Written Submission: Also required in the submission are responses to TWO (2) questions – no candidate will be considered who has not submitted both responses. Responses should be no longer than 500 words (2 pages), although charts and tables may be included in annexes. All sources and citations must be correctly referenced and attributed.
1) Describe how you would design a Plan’s investment policy, related to the client’s particular objectives and the assets available.
2) Describe how you would assess the opportunities and risks of publicly traded versus private equity, fixed income and real assets. How would you mitigate these risks, including legal documentation, operations and other tools?
Type of contract and duration:
What we offer
The IDB group provides benefits that respond to the different needs and moments of an employee’s life. These benefits include:
Consultant Part-Time
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
We work to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, we help improve health and education and advance infrastructure. Our aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today we are the leading source of development financing for Latin America and the Caribbean. We provide loans, grants, and technical assistance; and we conduct extensive research. We maintain a strong commitment to achieving measurable results and the highest standards of integrity, transparency, and accountability.
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