Financial and Credit Risk Management Consultant - Special Assets

Job Posting Organization:
The IDB Group is a community dedicated to improving lives in Latin America and the Caribbean. Established to foster economic development and social progress, 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 the region, focusing on various sectors to enhance the quality of life for the communities it serves. The organization values diversity and aims to create a workplace where everyone can thrive and contribute to meaningful change.

Job Overview:
The position of Financial and Credit Risk Management Consultant at IDB Lab involves providing essential support in managing and resolving the Special Assets portfolio. This role is crucial for the Finance, Risk and People Division (FRP) of IDB Lab, which is responsible for overseeing the Special Assets Portfolio as part of its risk management duties. The consultant will engage in various activities, including analysis" style="border-bottom: 1px dotted #007bff !important;">financial analysis, credit risk assessment, and monitoring of distressed investments. The consultant will report directly to the Division Chief of FRP and will be expected to work closely with other team members to ensure effective management of the portfolio and adherence to risk management protocols. This role requires a proactive approach to problem-solving and a strong focus on client needs, as the consultant will be involved in direct interactions with clients and stakeholders.

Duties and Responsibilities:
The consultant will be tasked with several key responsibilities, including:

• Analyzing the financial condition and credit risk of IDB Lab clients within the Special Assets Portfolio, particularly focusing on distressed or underperforming investments.
• Conducting comprehensive financial and credit analyses, which involve reviewing financial statements, cash flows, debt capacity, liquidity, and repayment capabilities.
• Supporting the Senior Specialist in evaluating restructuring, recovery, and write-off scenarios through detailed financial projections and quantitative assessments.
• Monitoring the performance of Special Assets clients, ensuring compliance with restructuring terms and payment commitments, and tracking progress against action plans.
• Preparing draft memoranda, financial analyses, and presentations for review by IDB Lab authorities and committees.
• Participating in client meetings and institutional visits to assess and monitor operations effectively.
• Maintaining accurate financial and portfolio information for Special Assets cases and identifying relevant trends and risks.
• Assisting the FRP risk team in preparing portfolio analyses, dashboards, and other reporting materials to facilitate informed decision-making.

Required Qualifications:
Candidates must possess a master's degree in finance, economics, risk management, or a related field. Additionally, certifications such as Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) are highly desirable. The role demands a strong analytical mindset and the ability to interpret complex financial data effectively. Candidates should demonstrate a solid understanding of risk management principles and practices, particularly in the context of credit and equity operations.

Educational Background:
A master's degree in finance, economics, risk management, or a related field is required for this position. This educational background ensures that the candidate has the necessary theoretical knowledge and practical skills to perform the financial analyses and risk assessments required in this role. Additional certifications such as FRM or CFA are considered advantageous and reflect a commitment to professional development in the field of finance and risk management.

Experience:
The ideal candidate should have at least 5 years of professional experience in risk management, specifically applied to credit and/or equity operations within the Latin America and Caribbean (LAC) region. This experience should include direct involvement in financial analysis, risk assessment, and client management, demonstrating the ability to navigate complex financial situations and provide strategic recommendations.

Languages:
Proficiency in both Spanish and English, both spoken and written, is mandatory for this position. This bilingual requirement is essential for effective communication with clients and stakeholders in the region. Additionally, knowledge of French and Portuguese is considered a plus, as it may enhance the consultant's ability to engage with a broader range of clients and partners.

Additional Notes:
This position is a Local Remote Consultant role, offered on a full-time basis for an initial duration of 12 months, with the possibility of extension up to 48 months, subject to eligibility. The selected candidate will work remotely and will not be provided with a physical workspace at the Bank's office. Therefore, the consultant must ensure they have the necessary equipment, internet access, and a suitable work environment to fulfill their responsibilities. The IDB Group offers a competitive compensation package, including health insurance allowances, a savings plan, and professional development opportunities. The organization promotes a culture of diversity, equity, inclusion, and belonging, encouraging applications from individuals of diverse backgrounds.