Quantitative Finance Specialist

Job Posting Organization:
The IDB Group is a community dedicated to improving lives in Latin America and the Caribbean. Established with a mission to foster sustainable development and social inclusion, the organization comprises a diverse team of passionate individuals who work collaboratively in an inclusive and agile environment. The IDB Group operates across multiple countries in Latin America and the Caribbean, focusing on various sectors to enhance economic growth and improve living conditions. The organization values diversity and aims to create a workplace where everyone can thrive and contribute to meaningful change.

Job Overview:
The Quantitative Finance Specialist position is designed for a visionary and innovative individual who will lead the development and implementation of advanced financial analytics and quantitative methodologies within the Treasury Middle Office and Banking Group (TMB) of the IDB. This role is pivotal in enhancing the Bank's Treasury activities by applying state-of-the-art quantitative practices to support diverse business lines. The specialist will focus on quantitative development, ensuring impactful results for both internal and external stakeholders. Responsibilities include managing the development of quantitative financial solutions, coordinating partnerships, and supporting the Official Institutions Asset Management and Advisory Program (CAsA). The specialist will also engage in strategic asset allocation and asset liability management exercises, working alongside multidisciplinary teams to continuously improve Treasury operations.

Duties and Responsibilities:
The Quantitative Finance Specialist will be responsible for leading TMB’s asset management and financial quantitative solutions practice, which includes research and development (R&D) and managing corresponding sandboxes and deployment platforms. The role involves developing quantitative financial solutions and analytics to support various business lines, including portfolio analytics for fixed income asset management and hedging tools. The specialist will coordinate quantitative partnerships and develop financial analytics and tools to support capacity-building and advisory services provided to member countries. Additionally, the specialist will lead or support strategic asset allocation and asset liability management exercises for both the IDB and external clients, while performing other daily tasks as needed within TMB.

Required Qualifications:
Candidates must possess a Master's degree or equivalent in Engineering, Business Administration, Finance, or related disciplines. They should have at least 10 years of relevant work experience in a central bank, sovereign wealth fund, or similar financial institution, focusing on strategic asset allocation, asset and liabilities management, and portfolio management. Strong analytical, quantitative, and problem-solving skills are essential, along with a solid understanding of fixed income and derivatives valuation principles. Familiarity with Bloomberg and/or Refinitiv is required, and proficiency in quantitative finance programming using MATLAB and/or Python is a must. Certifications such as Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) are considered a plus.

Educational Background:
The educational background required for this position includes a Master's degree or equivalent in fields such as Engineering, Business Administration, Finance, or other related disciplines. This advanced education is crucial for understanding complex financial concepts and methodologies necessary for the role.

Experience:
The position requires a minimum of 10 years of work experience in relevant financial institutions, such as central banks or sovereign wealth funds. Candidates should have a proven track record in designing and executing strategic asset allocation, asset and liabilities management, and portfolio management, as well as experience in modeling financial products and risk management.

Languages:
Proficiency in English is mandatory, along with fluency in one of the other official languages of the Bank, which include Spanish, French, or Portuguese. This bilingual capability is essential for effective communication within the organization and with member countries.

Additional Notes:
This position is classified as a National (Local Remote Staff) role, with a fully remote contract lasting 36 months. The contract is part of a program aimed at hiring staff to work remotely, which may be extended if successful. The IDB Group offers a competitive compensation package, including an annual base salary, generous paid time off, health insurance, a defined benefit pension plan, and various professional development opportunities. The organization promotes a culture of inclusivity and actively seeks to accommodate individuals with disabilities during the application process.