Head of Investments of the IDB Retirement Plans (Treasury & Risk Principal Specialist)

Company: IDB Invest
Location: Washington
Posted on: October 31, 2024

Job Description:

Head of Investments of the IDB Retirement Plans (Treasury & Risk Principal Specialist)Washington, D.C.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 positionWe are looking for a highly qualified and experienced finance professional to provide leadership and oversight to the Investments team within the Executive Secretariat of the Staff Retirement Plans department (SRP). SRP is responsible for overseeing the payment of pension benefits, managing the investment of assets, carrying out the day-to-day administration of the Plans, and performing other functions contemplated in the Plan's regulations and/or delegated by the Managing or Pension Committees. Reporting directly to the SRP Executive Secretary, you will be part of the SRP management team.The Investment team oversees five Funds totaling over USD 8 billion in assets: three defined benefit pension funds (Staff, Local and Complementary Staff), one postretirement benefits and a retiree life insurance fund. The investments are mainly managed using external investment managers diversified across 14 asset classes. The Head of Investments is responsible for setting the investment style and strategy, managing the investment team, supporting the Executive Secretary of the Retirement Plans, and representing the investment component of the retirement Plans within the IDB Group.What you'll do:

• Oversee investment analysis and management activities to monitor external managers' performance, compliance with approved investment guidelines, strategies and organization on a daily, monthly, quarterly and annual basis.
• Asset-Liability Studies and Implementation Activities: Provide support to the team and oversight committees in current and future asset-liability analyses, implementation, tactics and legal documents.
• Asset Class/Manager Research Activities: Lead the research of new asset classes and various derivatives strategies as directed by the Investment and Pension Committees, Executive Secretary and/or market conditions.
• Investment Operations: Review and approve transactions, financial statements, performance, tax reclaims. Provide oversight to year-end external auditor, quarterly fee invoices, reconciled monthly manager/Custodian reports, compliance reports, daily operations and monthly rebalancing activities.
• Foster and be a role model for an inclusive and equitable work environment, promoting employee engagement.What you'll need
  • Education: Master's degree (or equivalent advanced degree) in Finance, Business Mathematics, Statistics, or other fields relevant to the responsibilities of the role. CFA or CAIA charter is highly preferred.
  • Experience: Minimum of ten (10) years of relevant experience in investment analysis, portfolio management, capital markets/structured finance products gained at an Investment Bank, Commercial Bank or International Financial Institution.
  • Language: You are proficient (written and oral) in English. Knowledge of another Bank language (Spanish, Portuguese, or French) is preferred.Key Skills:
    • Mentor and develop
    • Promote Diversity, Equity, Inclusion and Belonging
    • Focus on clients
    • Communicate and influence
    • Innovate and try new things
    • Build Lean and Versatile teamsRequirements
      • Citizenship: You are a citizen of one of our 48-member countries.
      • Consanguinity: You have no family members working at the IDB, IDB Invest, or IDB Lab.Type of contract and duration
        • International staff contract, 36 months initially, renewable upon mutual agreement.What we offerThe 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.
          • Pension plan: defined benefit pension plan that provides financial security.
          • We offer assistance with relocation and visa applications.
          • Hybrid and flexible work schedules.
          • Health and wellbeing: Access to our Health Services Center.
          • Development support: We offer tools to boost your professional profile.
          • Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program, and others.Our cultureAt 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 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 the IDB GroupThe IDB Group offers flexible financing solutions to its member countries to finance economic and social development through lending and grants.About IDBThe Inter-American Development Bank is devoted to improving lives.
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Keywords: IDB Invest, Potomac , Head of Investments of the IDB Retirement Plans (Treasury & Risk Principal Specialist), Accounting, Auditing , Washington, Maryland