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, to approximately $19 billion, and unlocking greater private sector participation to drive development and climate impact across the region.

About this position

We are seeking an experienced and analytical Risk Management Special Assets Consultant with a proven track record in designing and executing recovery strategies across a diverse range of projects in Latin America and the Caribbean. As a Risk Management Special Assets Consultant, you will work on strategies focused on rescheduling, restructuring, workouts, and settlements for projects of varying sizes across different industries.

You will work in the Special Assets Division (SAT) department. This team 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 will do

• Support the analysis and management of distressed and non‑performing exposures across jurisdictions.
• Analyze financial, operational, and collateral performance, including cash‑flow‑based recovery scenarios.
• Coordinate negotiations with counterparts pursuant to approved strategies and implementation of actions to mitigate potential and actual risks and support other senior officers in these efforts.
• Support the development and execution of restructuring, enforcement, exit, and recovery strategies, and assist senior officers in implementing approved actions for special assets.
• Promote management information tools related to special assets supervision and dissemination of lessons learned from recovery activities.
• Contribute 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.

What you'll need

• Education: Master’s degree in law, finance, accounting, or equivalent field.
• Experience: At least 5 years of relevant professional experience with multilateral development banks, development finance institutions, commercial banking, or financial advisory 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. 
• Languages: Proficiency in English and Spanish, spoken and written is required. 

Requirements

• Citizenship: No requirements.
• 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

National consultant Full-Time, 36 months (up to 48 months subject to elegibility).  

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
• Leave and vacations: 2 days per month of contract + gender-neutral parental leave.
• Health Insurance: the IDB Group provides a monthly allowance for the purchase of health insurance
• Savings plan: The IDB Group cares about your future, depending on the length of the contract, you will receive a monthly savings plan allowance.
• On-site position with the occasional flexibility of teleworking.
• Development support: We offer learning opportunities to boost your professional profile, such as seminars, 1:1 professional counseling, and much more.
• Health and well-being: Access to our Health Services Center that provides preventive care and health education for employees.

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.