We improve lives
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
We are looking for a visionary, innovative, and results-driven Quantitative Finance Specialist. As a Quantitative Finance Specialist, you will lead the development and implementation of frameworks, methodologies, advanced financial analytics, tools, and solutions to support TMBโs diverse business lines and enhance the Bankโs Treasury activities. Your role will focus on quantitative development, ensuring state-of-the-art methodologies and practices are applied to achieve impactful results for internal and external stakeholders.
You will work in the Treasury Middle Office and Banking Group (TMB) within. the Treasury Division of the Finance Department. This team is responsible to perform pricing, theoretical pricing and valuation of the Bankโs assets, liabilities and derivatives, advise on strategies to manage liquidity, and lead the quantitative solutions, sandboxes and deployment platforms to support TRYs advisory business line.
What youโll do
- Lead TMBโs asset management and financial quantitative solutions practice, including R&D and the corresponding sandboxes and deployment platforms
- Manage the development of quantitative financial solutions, analytics and reports needed in support of the various TRY business lines for the internal clients including portfolio analytics for fixed income asset management, hedging tools (e.g., Commodities) and bond issuance. Coordinate quantitative partnerships
- Lead the development of quantitative financial analytics and tools needed to support the delivery of TRYโs capacity-building and advisory business line provided to the member countries.
- Support the Official Institutions Asset Management and Advisory Program (CAsA), including delivering and developing missions, fellowships, and other relevant deliverables.
- Lead, participate in or support the development of Strategic Asset Allocation and Asset liability management exercises for the IDB and external clients.
- Work alongside multidisciplinary working groups (including other Finance areas, Risk, and IT) to continuously enhance the Bankโs Treasury activities.
- Perform other daily TMB tasks as needed.
What you'll need
โข Education: Master's degree or equivalent in Engineering, Business Administration, Finance, or related disciplines.
โข Experience: At least 10 years or more of work experience at a central bank, sovereign wealth fund, guarantee deposit fund, or relevant multilateral or public financial institution in the design and execution for example of strategic asset allocation, asset and liabilities management, portfolio management, as well as the modeling of financial products, portfolio performance and performance attribution, risk management, fixed income, derivatives, or equities.
โข Additional skills: Strong analytical, quantitative, and problem-solving skills with an academic background in engineering, math, or finance. Solid knowledge of fixed income and derivatives valuation principles and techniques. Familiarity with Bloomberg and/or Refinitiv. Highly skilled and experienced in quantitative finance programming in MATLAB and/or Python is a must. Certifications: Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) is a plus.
โข Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.
Requirements
โข Citizenship: You are a citizen of El Salvador o Colombia.
โข 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
โข National (Local Remote Staff): National staff contract under a fully remote modality, 36 months. This contract is part of a program to hire staff to work fully remotely (not office-based). The program is set to expire at the end of 2028 and it may be extended, if successful.
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, including an annual base salary expressed on a net-of-tax basis.
-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.
-Fully remote modality.
-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.
-Allowance: one-time non-pensionable allowance to support the purchase of equipment, office set-up and computer maintenance.
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.