Senior Credit Risk Officer (DTC) recruitment

Background

The Inter-American Development Bank, established in 1959, is the oldest regional multilateral development bank with approximately $90 billion in assets. The Office of Risk Management (RMG) is seeking a talented and experienced senior credit risk management professional to strengthen its risk management group to identify, measure, and manage the credit risk of the Bank's non-sovereign guaranteed operations.

Main Activities

•Performs the independent credit risk assessment of complex project finance, corporate, and structured finance transactions as well as of subordinated exposures, including reviewing and providing advice on financing structures, financial statements, consultant reports, financial models, and legal documentation in order to fully assess resulting credit risk and possible mitigants to assigned transactions;

•Works closely with multidisciplinary teams in the analysis of prospective transactions and make recommendations to mitigate the identified key credit risks, as part of the Bank's credit approval process;

•Reviews and ratifies the internal credit risk ratings applicable to the transactions assigned, considering all dimensions involved, including borrower risks, transaction structure risks, and the macro/political environment, as well as the envisioned probability of default, loss-given default, and expected recoveries;

•Works closely with the Special Assets Unit on troubled transactions to identify suitable debt restructuring strategy, steer jointly with that Unit and other stakeholders in the Bank the recovery efforts and propose loan provisions;

•Reviews the Bank's portfolio of non-sovereign guaranteed operations and undertake periodic annual reviews of credit risk and underlying risk ratings;

•Supports to the Portfolio Management Unit and advice in the processing of all material waivers and amendments;

•Proposes improvements to strengthen internal risk management practices.

 Coordination

• Chief Risk Officer, RMG

 Characteristics of the Consultancy 

•Consultancy Category Modality: International DTC

•Contract duration: Up to 4 Years

•Place(s) of work: Washington DC

Qualifications

•Academic Degree and Years of professional experience:  Master's degree in finance, business administration, or relevant field. Between 10 and 15 years of relevant experience in credit risk management (preferable with an international financial institution or rating agency in emerging markets, particularly in LAC).

•Language: Proficiency in English and Spanish is required. Working knowledge of Portuguese is desirable. 

•Areas of expertise: In-depth understanding of typical credit risks of project, structured and corporate finance transactions; Proven knowledge and hands-on experience in credit risk management techniques, assessment of financing and legal structures, structuring of financing transactions, analysis of financial statements and debt capacity, financial modeling, and sensitivity and stress testing analysis; Ability to manage portfolio credit risk exposures in an efficient manner and knowledge of leading practices regarding credit risk management;  Understanding and experience applying industry best practices in terms of economic capital and expected loss calculation. Experience in writing and reviewing risk management policies and guidelines. 

Payment and Conditions of Employment:

If the work will be carried out at Bank headquarters in Washington D.C.  Remuneration will be determined in accordance with Bank regulations and criteria. The Bank will additionally contribute toward travel and moving expenses, if applicable. If a candidate is not a citizen or resident of the United States, the Bank will apply for a G-IV visa from the consulate of the United States in the candidate's country of origin. If a candidate cannot obtain a visa to work at the IDB the contractual offer will be rescinded.

Closing Date: August 28, 2012

Location: Washington DC

Individuals with relatives working for the IDB within and including the fourth degree of consanguinity and the second degree of affinity are not eligible. This includes staff members and consultants.  Candidates must be citizens of a member country of the Inter-American Development Bank.