Funding Specialist, Washington- job opportunity

• Organization: IDB - Inter-American Development Bank
• Country: United States
• City: Washington
• Office: IDB Washington
• Follow @UNjobs

Inter-American Development Bank (IDB) | 1300 New York Avenue, N.W. | Washington, D.C. 20577, USA | Tel: (202) 623-1000 | Fax: (202) 623-3096

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Funding Specialist
Established in 1959, the Inter-American Development Bank (IDB) is the largest and leading source of financing for regional development for Latin America and the Caribbean. The Finance Department's (FIN) main function is to administer the Bank's financial resources including debt and non-debt funds, managing the Bank's cash resources, conducting accounting and preparing financial records of Bank operations. Among other functions, FIN also administers Bank relations with financial markets and intermediaries, formulates and reviews the implementation of the Bank's asset/liability management.
The Finance Department is looking for a dedicated, energetic and team oriented Treasury & Risk--Funding Specialist to work in the Funding Group of the Treasury Division.
Key Responsibilities: The incumbent will be part of a high-performing team in the Finance Department. The main characteristics are as follows: Main Activities

• Analyze, price, negotiate and execute the following financial instruments:

1. Bond transactions denominated in various international currencies
2. Interest rate/currency swaps and options
3. US dollar denominated discount notes.

• Recommend bond and swap transactions that suit the IDB's guidelines/policies.
• Coordinate, collaborate and liaise with various internal interdisciplinary areas, including groups in Treasury, Legal, Risk Management, Accounting, and Sovereign/Private Sector Lending units in the conceptualization technical solutions/institutional policies.
• Recommend valuation methodologies for various currencies, as well as illiquid and structured financial instruments.
• Analyze the credit risk of banks and non-rated counterparties. Write papers recommending the approval of new banks and non-rated counterparties.
• Develop and maintain relationships with banks and swap counterparties.
• Participate in the Investor Relations Program in part by updating marketing materials.
• Participate in the technical and operational implementation of the IDB's Treasury Management System and other related systems projects. Conduct and/or coordinate research and analysis by developing ideas/concepts in support of Unit/Operational projects/programs/studies.
• Provide mentorship and technical work guidance to more junior staff within the Treasury Division

Education: Master's degree (or the equivalent) in Finance, Business Administration, Economics or related field, or CFA required.
Experience: Minimum of five (5) years of relevant experience with at least three (3) years multi-currency Funding, Banking, Capital Markets, Fixed Income Securities and/or Derivatives treasury operations experience. Experience in capital markets software preferred.
Language: Proficiency in English is required. Fluency in one of the other Bank official languages (Spanish, Portuguese and/or French) desired.
Functional and technical expertise: Understands the application of financial instruments for issuing bonds in the international capital markets. Advanced understanding of cause and effect of market conditions and how they relate to the IDB's assets and liabilities. Makes sound recommendations based on thorough understanding of financial market dynamics. Monitors the market and looks for opportunities to effectively improve the IDB's financial position and/or minimize risk. Conducts independent analysis of data and information to validate the appropriateness of models being applied and to confirm the reasonableness of data generated. Strong written and verbal communication skills. Strong technical and quantitative skills.
Systems: Proficiency with Bloomberg, treasury management systems such as Summit and the Microsoft Office suite is highly desirable. Incumbent will be responsible for developing and maintaining models using both Access databases and Excel spreadsheets.
Technical Competencies:

• Quantitative Analysis. Uses 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. Financial Market Knowledge. Understands financial market dynamics, products and economics and their implications for financial and risk management.
  
• Financial Operations. Researches, analyzes, inputs and reports information on the origination, execution and monitoring of financial operations.
• Systems and Applications Knowledge. Leverages systems and applications knowledge to enter data, process transactions, conduct relevant analyses, and generate reports.
• 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.

Core Competencies:

• Collaboration, Teamwork & 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 & Creativity. Develops imaginative ideas and solutions through creativity, experimentation and critical thinking.
• Communication & 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 expectations for ethical behavior.

The IDB offers a competitive benefits and compensation package.
The IDB is committed to diversity and inclusion and to providing equal opportunities in employment. We embrace diversity on the basis of gender, age, education, national origin, ethnic origin, race, disability, sexual orientation, religion, and HIV/AIDs status. We encourage women, Afro-descendants and persons of indigenous origins to apply.