Treasury & Risk - Cash Management and Settlements Senior Associate

Finance Department

 
Established in 1959, The Inter-American Development Bank is the largest and leading source of financing for regional development for Latin America and the Caribbean. The Finance Department’s (FIN) main function is to administer the Bank’s financial resources including debt and non-debt funds, managing the Bank’s cash resources, conducting accounting and preparing financial records of Bank operations. Among other functions, FIN also administers Bank relations with financial markets and intermediaries, formulates and reviews the implementation of the Bank’s asset/liability management.
The Finance Department (FIN) is looking for a dedicated, energetic and team oriented treasury professional to join its’ Cash Management and Settlements Group. This is an opportunity to apply your expertise in International Banking, Capital Markets, Cash/Treasury Management, Multi-currency operations in 45 different currencies, and international payment systems.

   
Key Accountabilities

• Competence to coordinate day-to-day back-office clearance, confirmation and settlement tasks related to Securities and Non-Security transactions for Investment and Funding activities. Demonstrate working knowledge of Fixed Income, Derivative and Cash terminology, concepts, and financial calculations with the ability to determine and analyzing variables affirming results.
• Understanding of the content and details of Fixed Income Financial Issuance transactions and requirements of Swap ISDA Confirmations and Bond Issuance Documentation. Familiarity of the characteristics of Bond Securities so as to be able to configure system parameters to ensure the timely control and processing of these activities and maintain the accuracy and integrity of the treasury management system.
• Working knowledge of Capital Markets, Fixed Income Securities, Derivatives, investment instruments and securities. Working knowledge of international payment and transaction flows, banking, financial and accounting analysis, reporting and reconciliations.
• Monitor compliance of cash and capital market established limits to ensure that treasury operational activities are aligned with Bank’s exposure limits.
• Timely review, verification and monitor of payment transactions and files to correspondent banks. Derives solutions to problems in functional area by applying standard quantitative methods and techniques.
• In coordination with relevant Bank staff, establish direct communication lines with both internal and external clients to analyze and resolve systemic problems and/or introduce cost effective solutions to financial transactions processes through automation and integrated systems.
• Have analytical capabilities to anticipate business unit’s needs or problems and to proactively research and make recommendations for innovation and/or improvement to procedures to streamline processes on issues regarding Cash management and Capital market services, flow of cash transactions, and account reconciliations and investigation throughout the Bank’s internal and external systems.
• Respond to inquiries related to capital market issues and treasury transaction and systems.
• Maintain and support the management of an institutional network of internal clients and external banking relations necessary for the efficient management of the Bank’s financial resources.
• Monitor and Resolve Security, Derivative and Money Market Pre-Trade/Post-Trade discrepancies. Perform post-settlement investigations and dispute resolution with Internal and External Clients.
• Coordinate the treasury management reporting for end of day and closing positions.

Requirements:

Education: Master's Degree (or the equivalent) with a concentration in Finance, Business Administration, Accounting or related field. Relevant certifications in the field of Treasury & Risk such as a Certified Treasury Professional (CTP) or a Chartered Financial Analyst (CFA) may be considered in lieu of a Master's Degree, provided the candidate holds a Bachelor's degree in Finance, Business Administration, Accounting, or other relevant field. 
Experience: Minimum of 5 years related experience, with at least 5 years multi-currency, Capital Markets, Fixed Income Securities and Derivatives treasury operations experience. Experience with international markets, foreign exchange market, capital markets software, and international clearing systems preferred.
Language: Fluency in English is required. Proficiency in any other official Bank language is desirable (Spanish, French and/or Portuguese).  
Systems: Familiarity with international payment systems and software, such as Summit, SWIFT, TARGET, CHIPS, CHAPS, IBAN, ACH Payments, and office software (i.e., Word, PowerPoint, and Excel). Expert knowledge of MS Access and/or SAP highly desirable.

 
Technical Competencies:

Quantitative Analysis: Uses analytical tools and mathematical processes to empirically analyze and evaluate data and information.
Qualitative Analysis: Investigates beyond numbers through research and intuition to determine the reasonableness of information used for decision-making.
Financial Market Knowledge: Understands financial market dynamics, products and economics and their implications for financial and risk management.
Financial Operations: Researches, analyzes, inputs and reports information on the origination, execution and monitoring of financial operations.
Communications: Expresses facts and ideas clearly both verbally and in writing, interacting effectively with people at all levels.
Risk Awareness: Understands, analyzes, acts on and communicates risks by applying appropriate controls and risk mitigation procedures.
Initiative and Drive for Results: Acts with a sense of urgency and works effectively under pressure to meet tight daily deadlines and objectives. Possess the ability to bring closure to problems and issues in a timely manner.
Systems and Applications Knowledge: Leverages systems and applications knowledge to enter data, process transactions, conduct relevant analyses, and generate reports.

Core competencies:

Collaboration, Teamwork and Inclusion: Works cooperatively with others independent of background (e.g., gender, ethnic origin, religion, disability, sexual orientation, background, perspective) or organizational role, and takes a team-based and inclusive approach to projects and decision making.
Communication and Influence: Communicates effectively and leverages relationships and strategies to influence others.
Innovation and Creativity: Develops imaginative ideas and solutions through creativity, experimentation and critical thinking.
Client Focus: Understands client needs and provides services that meet their expectations for quality and performance; meets the Bank’s expectations for ethical behavior.

The IDB offers a competitive benefits and compensation package.

The IDB is committed to diversity and inclusion and to providing equal opportunities in employment. We embrace diversity on the basis of gender, age, education, national origin, ethnic origin, race, disability, sexual orientation, religion, and HIV/AIDs status. We encourage women, Afro-descendants and persons of indigenous origins to apply.

For more details please visit: 

https://iadbcareers.taleo.net/careersection/external/jobdetail.ftl?job=1500008256