IDB Invest - Investment Management Lead Officer – Financial Institutions, Kingston, Jamaica

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.

IDB Invest - Investment Management Lead Officer – Financial Institutions, Kingston, Jamaica

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

Are you a top-tierinvestment management professional with a strong network in the banking and corporate sector in the Caribbean? How about using your expertise by joining a multilateral finance institution?

We are looking for a dynamic and expert professional for the Financial Institutions Division (FLI) of the Investment Operations Department (INO).

You will work in the Investment Operations Department (INO) that follows a matrix model, with three Segment Divisions covering Infrastructure and Energy, Financial Institutions and Corporates, and three transversal areas such as the Financial Products and Services Division (responsible for the capital market solutions, financing solutions for funds, equity and trade and supply chain finance); the Advisory Services and Blended Finance Team; and the Portfolio Management Division.

Our division supports Financial Institutions (FIs) through debt and equity financing, guarantees, and knowledge to promote economic development, job creation and the adoption of sustainable environmental, social and corporate governance principles.

What you’ll do:

• Business Development:  Source, assess and lead the identification, selection, and origination of bankable financial institutions transactions including, but not limited to, the initial screening of project applications, evaluation of feasibility studies, and preparation of concept notes, assessing transaction risks and advising on appropriate risk mitigation actions, in IDB Invest Caribbean member countries (Bahamas, Barbados, Belize, Dominican Republic, Guyana, Haiti, Jamaica, Suriname, and Trinidad & Tobago) that are consistent with the IDB Invest’s operating policies. Develop (and/or guide teams in the preparation of) pitch books and client proposals in support of new business
• Client Relationships:  Handle client relationships and provide insights into sector developments in member countries to anticipate new investment opportunities and/or performance issues. Propose a value proposition that includes financial solutions jointly with non-financial solutions and mobilization. Coordinate closely with the different internal areas to incorporate social, environmental, trade finance, capital markets and advisory colleagues to contributeto our clients' businesses and achieve sustainable development impact.
• Transaction Management:  Lead and manage project teams to deliver transactions on a timely and expeditious basis and using best practice standards. Lead the conduct of appraisal meetings to gather the necessary technical, legal, economic, and financial and other information requirements to assess the merits of potential investment opportunities as required. actively handling key work and directing and coordinating work of other team members, including colleagues from across multiple departments as relevant. Take full responsibility and accountability for transaction-related decisions and relationships.
• Deal Execution: Identify and analyze fundamental competitive strengths and weaknesses of investment opportunities or portfolio companies and identify financial and non‐financial issues, opportunities and risk/reward factors (e.g. business environment, country, and sponsor). Ensure that defined transactional requirements recorded in documentation are implemented  accordingly encompassing other areas (environmental, social and governance safeguards, finance, development effectiveness, legal, and risk) into the structuring of transactions and closing of deals.
• Knowledge Sharing: Build upon IDB Invest’s capabilities in industry and market research of financial institutions to guide the business origination and execution efforts aligned with the investment strategy of IDB Invest and its mandate for the private sector. Initiate collaboration and share expertise as a subject matter expert, providing advice, peer review and contribution to knowledge products to strengthen internal and/or external client solutions. Maintain knowledge of the financial markets and transactions involving financial institutions. Handle preparation of lessons learned from projects. Disseminate information to project teams on transaction strengths, weaknesses, risks, and mitigation options. Play a meaningful role in promoting IDB Invest by developing key relationships in the private sector development communities, liaising with industry authorities, potential clients, partners, and stakeholders. Cross-sell with Caribbean financial institutions the products and services of the two other IDB Invest origination divisions: corporate lending and infrastructure.

What you'll need

• Education: An advanced degree (Master’s, MBA, or equivalent) in Finance, Business Administration, International Development, or other relevant field. Additional professional qualifications (ACCA, CFA, etc..) would be an asset
• Experience: 
• At least 10 years of progressive experience, with at least 3 years at a senior level, covering the financial sector in investment origination, structuring or portfolio management with a shown track-record in FIs.
• Advanced financial, credit and risk evaluation skills, with proven ability to structure and negotiate a variety of complex financial instruments, in both debt and equity
• Validated experience identifying, originating and qualifying new business opportunities developing and successfully implementing client engagements.
• Sound business judgment and strong problem solving/negotiation skills including the ability to identify issues and present creative, practical solutions, as well as ability to work effectively on simultaneous projects under time pressure.  
• Strong financial modeling/valuation and analytical skills is a plus.
• Capacity to work successfully in multicultural teams and across boundaries.
• Understanding client needs and challenges, market idiosyncrasies, and drivers of change in the Caribbean is highly valued.
• Demonstrated relationships with the business community including network of top-level contacts in the financial services and investment industries in the sub-region, and governmental authorities, as needed.
• Understanding of the FinTech space, including ability to develop strategic partnerships with FinTech companies would be an asset.
• Excellent written, presentation, and business level communications skills in English.
• Genuine dedication to sustainable development.
• The position will require regional and international travel; hence the candidate should be willing and open to travel.
• Language: Fluent in English and an intermediate knowledge of Spanish; French is desirable.

Key skills  

Technical track (without supervisory responsibilities; use for Internship and consultant opportunities): 

• Learn continuously
• Collaborate and share knowledge  
• Mentor and develop
• Promote Diversity, Equity, Inclusion and Belonging 
• Focus on clients  
• Communicate and influence  
• Innovate and try new things 

Requirements 

• Citizenship: You are either a citizen of Jamaica or with residency or legal permit to work in Caricom countries 
• 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.  
• COVID-19 considerations: the health and safety of our employees are our number one priority. As a condition of employment, IDB/IDB Invest requires all new hires to be fully vaccinated against COVID-19.  

Type of contract and duration

• National staff contract, 36 months initially, renewable upon mutual agreement. 

What we offer 

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 
• 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: pre-defined pension plan that provides financial security and supports employees in planning for their future. 
• Hybrid and flexible work schedules 
• Health and wellbeing:  Access to our Health Services Center which 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.  

 
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.

Our Human Resources Team reviews carefully every application.  

About IDB Invest 

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and improve economic, social, and environmental development in the region. With a portfolio of $14.1 billion in asset management and 325 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a broad range of industries.