We improve lives

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. 

As part of the Risk Management Department (RSM), the Special Assets Division (SAT) is responsible for efficiently managing non-performing and under-performing assets of IDB Invest’s complex portfolio of private sector loans, guarantees and equity operations. Functions include restructuring, workouts and recovery of non-performing and under-performing assets.

About this position

We seek a dynamic and experienced leader and workout professional to join IDB Invest as Special Assets Managing Director.

The Managing Director for Special Assets leads the strategic direction, operations, and performance of the Special Assets Division (SAT). This role is responsible for maximizing the recovery of non-performing and underperforming assets and minimizing losses by overseeing distressed portfolio strategies, guiding complex negotiations, and ensuring risk mitigation to preserve capital. In addition the role is reponsible for sharing knowledge and lessons learned throughout the organization to turn them into best practices. 

This position will report directly to the Chief Risk Officer and is a key member of the risk leadership team. The Managing Director of SAT collaborates regularly with the CEO, the Senior Management Team, and leaders of Credit, ESG, Legal, and Investment functions, ensuring end-to-end alignment on special assets matters.

What you’ll do

• Strategic Leadership: Define and implement recovery strategies and division objectives aligned with institutional goals.
• Portfolio Oversight: Supervise and negotiate complex cases of distressed loans, guarantees and equity investments, ensuring effective resolution and asset recovery plans. Recommend impairment and provisions.
• Team Management: Lead, mentor, and support Special Assets Officers, fostering a high-performing and knowledge-sharing team environment.
• Internal and External Coordination: Facilitate coordination with Credit Risk, ESG, senior management, and governance bodies, including without limitation, IDB Invest's Board of Executive Directors; represent the division in strategic discussions.
• Risk and Policy Management: Ensure divisional compliance with risk frameworks and internal policies; proactively address portfolio risks.
• Performance and Reporting: Monitor KPIs, ensure transparent reporting, and promote continuous process improvements.
• Knowledge and Tools: Support development of management tools and promote dissemination of lessons learned from asset resolutions.
• Human Capital: Manage, support and supervise a team of seasoned, experiece and high-performance special assets professionls. Attract and retain talent by providing guiadance and mentorship. 

What you'll need

• Education: Master’s degree (or equivalent advanced degree) in Economics, Finance, Business Administration, Law, Engineering, or another relevant field.
• Experience: At least 15 years of relevant experience with a proven business track record. Expert in non-performing and underperforming assets, overseeing portfolio strategies, undertaking complex negotiations, and ensuring risk mitigation and recoveries.
• Languages: Proficiency in English and one of the other Bank’s official languages (Spanish, French, or Portuguese) is required.

Requirements

• Citizenship: No requirements
• 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

• Staff: International 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, 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 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. 
• We offer assistance with relocation and visa applications for you and your family when it applies. 
• 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.
• Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program, and others.

Our culture

At the IDB Group, we work so everyone brings their best and authentic selves to work while finding their purpose. We embrace a culture of empathy, empowerment and meritocracy. 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.

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