Treasury - Risk Senior Associate/Associate,
Washington
Inter-American Development Bank (IDB)
Closing date: Friday, 2 June 2017
Apply
Treasury & Risk Senior Associate/Associate-1700000399
Description
FIN/FPD – Financial Policy, Planning and Decision Support Unit
Treasury and Risk Associate/Senior Associate
Location: Washington, D.C.
Treasury and Risk Associate/Senior Associate
Location: Washington, D.C.
The Inter-American Development Bank (IDB), the largest and leading source of financing for regional development in Latin America and the Caribbean, is seeking to fill two positions to work as Associates/Senior Associates in the Financial Policy, Planning, and Decision Support Unit (FIN/FPD) within the Finance Department.
The FIN/FPD Unit is staffed by highly qualified and motivated personnel that work on some of the most strategically important projects for the Bank, with the Unit Chief reporting directly to the CFO of the Bank. The Unit is responsible for the Bank’s Income Management Model (IMM) and the Long-Term Financial Projections (LTFP) for the Ordinary Capital (OC). The Unit is also in charge of the liquidity policy for the Bank and the design and development of new financial instruments. One of the key functions of the Unit is to provide decision support to Top Management, the Board of Executive Directors, and even the Board of Governors on issues that may impact the long term financial situation of the Bank. The Unit is the primary liaison with the Bank’s rating agencies and is responsible for coordinating the annual due diligence discussions with all the rating agencies that rate the Bank.
To this end, FIN/FPD the Associates/Sr. Associates will help the team achieve its objectives. Summarized below are the some of the key responsibilities and requirements for the positions.
Key Functions:
Financial Planning activities:
- Participate in the semi-annual preparation of the OC Long Term Financial Projections (LTFP) document to the Board. Data preparation for model input: data collection, clean-up, and verification from Bank systems and databases, and validation with the Treasury and Accounting departments. Provide support in auditing model outputs, which include projections of the Bank’s loan and treasury portfolios, as well as capital accumulation and various income and expense items.
- Quarterly collection of assumptions and other relevant financial information, such as, current level of equity duration swaps, funded debt redemptions, interest rate forward curves, and sovereign ratings.
- Present the assumptions to the Asset Liability Committee and Sr. Management Committee
- Run the models and conduct specific analysis for both LTFP documents.
- Draft key chapters of the Preview and Final documents and present to Sr. Management and the Board on the results.
- Prepare the information for the due diligence meetings with the rating agencies.
- Conduct reviews of the Bank’s key financial policies.
- Recommend changes to the Bank’s financial policies by performing financial analysis and comparative analysis with other institutions.
- Support the development of new financial policies as necessary.
- Conduct review of the Bank’s financial instruments.
- Support the development of new financial instruments as necessary.
- Using MatLab, develop financial projection models and tools, to conduct analysis for the CFO, Sr. Management, and the Board.
- Use data visualization tools to develop dashboards to visualize information for the CFO and other departments within the Bank.
Qualifications
Education: Master's Degree in Finance, Economics, Mathematics, or related field, with focus on quantitative courses.Experience: Minimum of three (3) years of experience working at a Financial Institution, including experience in developing financial projections models, able to make well thought-out presentations and able to work in a team environment. Ability to draft well though-out documents in English and Spanish is a primary consideration.
Skills: Matlab, Microsoft Excel and Visual Basic. Word and Power Point. Tableau, MS PowerBI, Quantitative and analytical writing skills
Language: Proficiency in English and Spanish is required.
Technical Competencies:
- Quantitative Analysis: Demonstrates the ability to use analytical tools and mathematical processes to empirically analyze and evaluate data and information.
- Qualitative Analysis: Investigates beyond numbers through research and intuition to determine the reasonableness of information used for decision making.
- Risk Awareness: Understands, analyzes, acts on and communicates risks by applying appropriate controls and risk mitigation procedures.
- Business Acumen: Demonstrates an understanding of own functional area, the business of the Department and the IDB’s needs and priorities. Understands and applies knowledge of IDB strategies, business priorities and policies to accomplish goals and execute on business area work program.
- Systems and Applications Knowledge: Leverages systems and applications knowledge to enter data, process transactions, conduct relevant analyses, and generate reports.
- Collaboration, Teamwork and Inclusion: Works cooperatively with others independent of background (e.g., gender, ethnic origin, religion, disability, sexual orientation, background, perspective) or organizational role, and takes a team-based and inclusive approach to projects and decision making.
- Innovation and Creativity: Develops imaginative ideas and solutions through creativity, experimentation and critical thinking.
- Communication and Influence: Communicates effectively and leverages relationships and strategies to influence others.
- Client Focus: Understands client needs and provides services that meet their expectations for quality and performance; meets the Bank’s expectation for ethical behavior.