Post of Duty: Multiple Locations
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 dedicated, energetic, and team-oriented treasury professional to fill a position in the Institutional Banking Team within the Treasury Middle Office and Banking Group.
This position provides support on recommendations to the Group Head and Team Leader for the establishment / implementation, negotiation, maintenance, and oversight of a network of financial relations necessary for the efficient management of IADB financial transactions in a multi-currency environment.
You will work in the Banking Team responsible for
- (i) Establishing, managing and controlling a network of public and private financial institutions for the delivery of financial services for the swift execution of IDB financial transaction while minimizing risk;
- (ii) Ensuring that the IDB country Offices receive high quality banking services from the partner financial institutions;
- (iii) Overseeing and executing counterparty Standard Settlement Instructions for Treasury transactions;
- (iv) Providing support and coordinating with legal counsel and relevant areas regarding regulatory requirements requested by Treasury counterparties;
- (v) Monitoring and flagging AML / CTF lists in relation to selected vendor databases;
- (vi) Managing for the FIN department the authorized signatories document;
- (vii) Supporting the Department's change‑the‑business initiatives.
Within this context the Group provides tailored solutions to internal clients while bringing innovation to enhance operational efficiency.
What you’ll do
- Support on the technical aspects: opening and closing banking accounts across the systems inventory including the monitoring of bank account operations and services ensuring the accuracy of data and compliance of security controls in accordance with Bank's Policies and Procedures, Standard Settlement Instructions, inventory on the Systems in accordance with Bank's Policies and Procedures.
- Support the maintenance of the exchange of Swift authenticator keys with the Bank correspondents worldwide for sending / receiving financial messages such as money transfers; analysis of requests for authenticator keys to determine acceptance and terms for exchange of keys.
- Support on the maintenance for the veracity, authenticity and integrity of finance and accounting systems keeping abreast of technological developments and best practices in the banking industry.
- Support and analyze survey results from internal clients for annually bank service evaluation and quality review exercise.
- Support on the testing and / or parallel phases of implementation projects for new enhanced financial systems and sub‑systems.
- Provide support and expertise in digital transformation, data management, and automated process flow.
- Act as a key player in driving successful digital transformations within treasury by implementing and optimizing digital solutions.
- Ensure that data maintenance and structure is well‑designed and aligned with organizational objectives.
What you’ll need
- Education: Master’s degree (or equivalent advanced degree) in business administration, finance, or related disciplines.
- Experience: At least 5 years of work experience in related areas supporting;
- a) bank relationships,
- b) bank documentation,
- c) knowledge of digital banking technology (ISO XML, Blockchain, Cyber‑security),
- d) standard settlement instructions,
- e) collateral management services,
- f) performance measurement and evaluation of bank relationships.
- In depth knowledge of international and domestic payment regulations and systems is strongly desired.
- Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.
Key skills
- Learn continuously.
- Collaborate and share knowledge.
- Focus on clients.
- Communicate and influence.
- Innovate and try new things.
Requirements
- Citizenship: You are a citizen of one of our 48‑member countries eligible to obtain a valid residency or legal permit to work in one of the 48‑member countries without the need for sponsorship by the IDB.
- 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 Consultant (National Remote Modality), Length of contract: 24 months, Work Location: Remote.
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 pack.