IDB Invest - Sr. Associate/Associate - Portfolio Management - Financial Sector

Location

This position can be based in either Santiago de Chile (Chile), São Paulo (Brazil) or Uruguay (Montevideo).

We improve lives

IDB Invest is the private sector arm of the IDB Group and an international financial institution committed to addressing the development needs of Latin America and the Caribbean. Our mission is to support sustainable enterprises and projects that deliver financial results while maximizing social and environmental impact in the region.

IDB Invest operates in 26 countries, structured across four geographic regions and three industry verticals: Infrastructure and Energy, Financial Intermediaries, and Corporates.

In support of a new transformative business model “Originate to Share” our shareholders recently approved a $3.5 billion capitalization. This will allow IDB Invest to significantly scale up its investments, nearly doubling annual financing from approximately $8 billion to $19 billion, and unlocking greater private sector participation to drive development and climate impact across the region.

To deliver on this ambition, IDB Invest reorganized its structure and created the Regions Department, which manages business and client relationships from a country perspective. The regions include:

- Southern Cone (Argentina, Brazil, Chile, Paraguay, Uruguay)

- Andean Group (Bolivia, Colombia, Ecuador, Peru, Venezuela)

- Caribbean (The Bahamas, Barbados, Guyana, Jamaica, Suriname, Trinidad and Tobago)

- Central America, Haiti, Mexico, Panama, and the Dominican Republic

Additionally, the Industries and Cross-Cutting Themes Department manages business and client engagement from an industry perspective. It is composed of six divisions: three focused on core industries (Infrastructure and Energy (IEN), Financial Institutions (FLI), and Corporates (SMC)); two focused on cross-cutting themes (Climate and Environment (CLE) and Gender and Social Inclusion (GSI)); and one dedicated to Portfolio Management (PTM). Together, these divisions support the implementation of IDB Invest’s mandate by providing sectoral expertise, thematic leadership, and strategic portfolio oversight across the institution.

About this position

We are looking for a dynamic professional to support the Portfolio Management Division in monitoring, from signature to repayment, a portfolio of loans, bonds and guarantees to private sector and non-sovereign guaranteed financial institutions (banks, microfinance and specialized financial institutions) in Latin America and the Caribbean. As Portfolio Management Sr. Associate/Associate, you will work with the clients in portfolio, conducting regular and ad-hoc analysis of counterparts’ performance, identifying breaches, and proposing solutions to resolve contractual events, thereby contributing to the stability and financial health of IDB Invest’s portfolio.

You will work in the Portfolio Management Division, part of the Industries and Cross-Cutting Themes Department. This team is responsible for managing and supervising IDB Invest’s portfolio in the region.

What you’ll do

Under the supervison of the Portfolio Director of Financial Sector projects, the position’s main responsibilities involve:

- Manage ongoing relationship with clients, agents, B-lenders, co-lenders and other parties involved in assigned portfolio transactions to ensure proper supervision.

- Monitor periodic information, including trends in the global financial markets, country-specific economic situation and events, and industry/market/regulatory developments, to evaluate their impact on IDB Invest’s counterparts and portfolio.

- Conduct regular and ad-hoc analysis of financial statements and performance and prepare high-quality periodic supervision reports and risk rating proposals.

- Assess credit, integrity, environmental & social risk, and track and contribute to the development effectiveness standing of transactions under supervision.

- Ensure compliance with IDB Invest’s internal policies and guidelines by liaising closely with internal teams.

- Take proactive measures to protect IDB Invest’s interests and manage compliance with contracts and covenants. Timely respond to client’s requests for portfolio actions, including evaluating, negotiating, and processing required disbursements, waivers, amendments, and consents.

- Prepare and disseminate market intelligence and lessons learned from supervised projects to internal audiences. Collaborate with project teams by providing recommendations to the structure and legal documentation of new transactions.

- Propose and lead actions to improve and streamline internal processes.

- Participate and contribute to corporate initiatives.

What you'll need

• Education: Bachelor’s degree or equivalent (Associate position) or Master’s degree or equivalent (Sr. Associate position) in Economics, Finance, Business Administration, Engineering, or other fields relevant to the responsibilities of the role.

• Experience: At least two (2) years (Associate position) and three (3) years (Sr. Associate position) of progressive experience in supervision, structuring, credit assessment and/or rating of corporate and/or project finance counterparts, gained within a development financial institution, commercial or investment bank, financial advisory firms and/or rating agencies.

• Languages: Advanced Proficiency in English and Spanish (Portuguese if located in Brazil), spoken and written, is required.

Requirements

• Citizenship: You are either a citizen of Brazil, Chile or Uruguay or with residency or legal permit to work in any of these 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.

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: defined benefit pension plan that provides financial security and support employees in planning for their future.
• 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.

  Our culture

  At the IDB, we work so everyone brings their best and authentic selves to work while finding their purpose. Our people consistently strive for excellence, and we recognize and celebrate the impact of their contributions.

  In our efforts to drive innovation, we intentionally include all voices, cultivate a sense of belonging and champion fairness. We welcome individuals from underrepresented groups to join us and share their unique perspectives.

  We ensure that individuals with disabilities are provided reasonable accommodations to participate in the job interview process. If you require an accommodation to complete this application, please email us at accommodations@iadb.org.

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