What are the responsibilities and job description for the Treasury and Risk Senior Specialist - Focused on Sovereign Debt Management position at Inter-American Development Bank?
We improve lives
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 dynamic and innovative professional with strong finance background and strong FX products knowledge and experience, who will have a senior role within the Treasury Client Solutions Group (TRY/TCS) with primarily focus on the development and management of FX products for IDB sovereign guarantee clients.
What you’ll do
Manage the FX risk across liquid and illiquid currencies to be taken by the IDB in order to provide cheaper and more efficient local currency solutions to our sovereign guaranteed clients to mitigate the effects of FX volatility in their fiscal budgets.
Being able to timely fund the Local Treasuries in the region (via offshore swaps or onshore bonds) at the best market levels, to benefit our clients looking for local currency denominated loans.
Develop a network of local investors, in those countries where we have Local Treasuries, as potential buyers for onshore IDB issuances.
Participate in the generation of news ideas for our clients that involve taking FX risk for the IDB and work in close partnership with our current structurer within the team and the support teams (Legal, Risk, Accounting, Middle and Back office) in the approval process.
Work in close coordination with Investment team for the management of excess cash onshore in Local Treasuries.
What you'll need
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, including an annual base salary expressed on a net-of-tax basis.
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 that covers medical, dental, vision, preventive care, and prescription drugs.
Pension plan: defined benefit pension plan that provides financial security and support 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 well-being: Access to our Health Services Center that 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 reasonable accommodation to complete this application.
Our Human Resources Team reviews carefully every application.
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 dynamic and innovative professional with strong finance background and strong FX products knowledge and experience, who will have a senior role within the Treasury Client Solutions Group (TRY/TCS) with primarily focus on the development and management of FX products for IDB sovereign guarantee clients.
What you’ll do
Manage the FX risk across liquid and illiquid currencies to be taken by the IDB in order to provide cheaper and more efficient local currency solutions to our sovereign guaranteed clients to mitigate the effects of FX volatility in their fiscal budgets.
Being able to timely fund the Local Treasuries in the region (via offshore swaps or onshore bonds) at the best market levels, to benefit our clients looking for local currency denominated loans.
Develop a network of local investors, in those countries where we have Local Treasuries, as potential buyers for onshore IDB issuances.
Participate in the generation of news ideas for our clients that involve taking FX risk for the IDB and work in close partnership with our current structurer within the team and the support teams (Legal, Risk, Accounting, Middle and Back office) in the approval process.
Work in close coordination with Investment team for the management of excess cash onshore in Local Treasuries.
What you'll need
- Education: Master degree in Administration or equivalent advanced degree in Finance) or other fields relevant to the responsibilities of the role.
- Experience: At least 5 years of progressive experience in administration and/or Finance
- Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.
- 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.
- International staff contract, 36 months initially, renewable upon mutual agreement.
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, including an annual base salary expressed on a net-of-tax basis.
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 that covers medical, dental, vision, preventive care, and prescription drugs.
Pension plan: defined benefit pension plan that provides financial security and support 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 well-being: Access to our Health Services Center that 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 reasonable accommodation to complete this application.
Our Human Resources Team reviews carefully every application.
