Senior Sub-sovereign Investment Specialist

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.

About this position

We are looking for an energetic, collaborative, and highly motivated Senior Sub-sovereign Investment Specialist with significant subnational lending expertise to work alongside our technical experts to implement IDB's new Sub-Sovereign Finance Program (SFP). The SFP is a 5-year pilot program to extend investment loans and guarantees to sub-sovereign eligible entities - including municipalities, states and provinces - without a sovereign guarantee.

IDB has a strong presence in the region, lending on average USD 2billion annually, through its sovereign guaranteed window, to support subnational governments in a variety of sectors. The SFP will introduce a new type of lending, enabling IDB to lend to creditworthy subnational entities to finance bankable projects without a sovereign guaranty. For many cities and other subnational entities, loans under the SFP will be the first time they are borrowing on a commercial basis.

Loans extended under the SFP are not designed to compete with other sources of financing; rather these loans will be designed to act as a demonstration effect to other lenders and to catalyze private sector financing. Thus, IDB may lend under the SFP alongside other lenders to fill a funding gap. Critical to these loans will be the borrower's ability to generate new revenue streams or demonstrate real cost savings to support debt repayment. To ensure loans are bankable, SFP loans will include a variety of measures, including new revenue sources or capturing cost savings. Measures such as land value capture, fiscal reform or affordable fees and tariffs will be critical to loans proposed under the SFP.

You will work in the Housing and Urban Development Division (HUD), part of the Climate Change and Sustainable Development Sector (CSD). This team is responsible for providing strategic guidance and analytical and operational support to the institution and its clients in subnational planning, urban regeneration, sustainable and resilient urban development, and housing.

What you'll do

Structuring and Execution

• Work as a senior project team member or as an operational leader on sub sovereign transactions, contributing to all aspects of project structuring. Specific activities will include : Assessing the attractiveness of specific investment opportunities with a strong focus on investment merit and impact.Designing bankable projects working with clients to introduce new revenue flows or ringfence real saving to help service new debt working closely with clients, authorities, consultants and IDB internal units.Overseeing and reviewing financial and technical due diligence to ensure it meets IDB standards, including detailed credit analysis on the project while working closely with IDB's fiscal management team, which will be ultimately responsible for assessing creditworthiness of the key counterparts.Ensuring identified risks are mitigated and able to be monitored through the legal documentation.Preparing and negotiating term sheets and legal documentationWriting approval documents to present and defend to IDB's management committees and board of directors.
• Design appropriate technical assistance to support investments under SFP that contribute to policy dialogue and capacity building initiatives.

Portfolio Monitoring and Reporting

Policy Dialogue

Business Development

What you'll need

Education : Master's degree in economics, finance, or a related field. Internationally recognized professional qualification such as ACA, CFA, ACCA, or CIMA is desirable.

Experience : At least five years of relevant professional and international experience in the financial industry, preferably with a leading investment or commercial bank or international financial institution.Strong quantitative / numerical skills are essential with the ability to interpret financial information and to design, use and review financial models. Credit analysis skills, with the ability to interpret accounts, understanding local and international accounting principles and practice of credit analysis.

Languages : Proficiency in English and Spanish, spoken and written, is required.

Requirements

Type of contract and duration

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 :

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 .

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