Location

This position can be based in: Bogota, Colombia or Panama City, Panama

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.

IDB Invest is the private sector arm of the IDB Group and an international financial institution committed to addressing the development needs of Latin America and the Caribbean. Our mission is to support sustainable enterprises and projects that deliver financial results while maximizing social and environmental impact in the region.

IDB Invest operates in 26 countries, structured across four geographic regions and three industry verticals: Infrastructure and Energy, Financial Intermediaries, and Corporates.

In support of a new transformative business model, “Originate to Share,” our shareholders recently approved a $3.5 billion capitalization. This will allow IDB Invest to significantly scale up its investments, nearly doubling annual financing from approximately $8 billion to $19 billion, and unlocking greater private sector participation to drive development and climate impact across the region.

About this position

We are seeking a Risk Management Special Assets Officer with a proven track record in designing and executing recovery strategies across a diverse range of projects in Latin America and the Caribbean. These strategies should include, but are not limited to, rescheduling, restructurings, workouts, and settlements, applied to projects of varying sizes and industries.

The Special Assets Division (SAT) is responsible for leading recovery efforts for non-performing and under-performing assets within a portfolio that includes private sector loans, guarantees, and equity operations. SAT’s mission is to ensure efficient and effective resolution strategies that safeguard institutional interests. In addition, SAT is responsible for sharing knowledge and lessons learned throughout the organization to turn them into best practices.

What you’ll do

• Coordinate negotiations with counterparts pursuant to approved strategies and implementation of actions to mitigate potential and actual risks.
• Contributes to the supervision of coordination with the Portfolio Management Division, Credit Risk Management Division, the Environmental, Social and Governance Division, as well as IDB Invest Management and Board of Executive Directors.
• Promote management information tools related to special assets supervision and dissemination of lessons learned from recovery activities.
• You will work with workouts, turnaround, non perfoming loans and reestructurings. 

What you'll need

• Education: You hold a master’s degree in law, finance, accounting, or equivalent fields relevant to the responsibilities of the role.  
• Experience: You have a minimum of four years of relevant professional experience. This includes experience with multilateral development banks or development finance institutions is preferred, along with a strong background in impaired project finance, corporates, and financial intermediaries. Solid expertise in financial and legal transactions is essential for shaping effective recovery strategies. Familiarity with the legal and regulatory frameworks of IDB Group member countries is required, as is the ability to engage diverse stakeholders, including governments, private sector, environmental and social groups, NGOs, and civil society. Insolvency, bankruptcy, litigation management. 
• Languages: Proficiency in English and Spanish, spoken and written is required. 

Requirements

• Citizenship: You you must be eligible to work in Colombia or Panama without the need for sponsorship by the IDB Invest.
• Consanguinity: You have no family members (up to 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

•    Staff: National staff contract, 36 months initially, renewable upon mutual agreement.

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

-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.

-Hybrid and flexible work schedules.

-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.

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.

#IDBInvest