Pension Investments & Risk Analytics Associate

Job Description

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 a detailed oriented, and team-oriented investment professional to work as Pension Investments & Risk Analytics Associate within the Executive Secretariat of the Staff Retirement Plans department (SRP). As a member of the investment team, you will be involved in monitoring economic and market trends, asset class research, due diligence and monitoring external investment manager (EIM), risk management, compliance review, performance reporting, quantitative and financial analyses.  You will also cultivate relationships with internal stakeholders and external partners.

The investment team is responsible for overseeing five Plans with assets totaling over $8 billion: three defined benefit pension Plans (Staff, Local and Complementary Staff), one Postretirement Benefits Plan and a Retiree Life Insurance Program.  The investments are mainly managed using EIMs diversified across 14 asset classes.  In addition to asset class diversification, the SRP investment team is responsible for providing inputs to the Bank’s risk management and financial accounting processes, reporting to governing committees and the Board of Directors, EIM due diligence, analyzing and assessing asset classes and economic scenarios, and managing the US TIPS portfolios. 

What you’ll do

Lead the in-depth analyses and monitoring of the assigned asset class(es) and due diligence of EIMs.  Support asset-liability studies and develop expected risk and return metrics for assigned asset class(es).  Conduct economic and investment research and provide recommendations on portfolio decisions, including rebalancing activities, for covered asset class(es). 

• Play a key role in the development and enhancement of investment and risk management processes, including ensuring investment guideline compliance.
• Prepare periodic reports and decision-making documents for the Plans’ governing committees and senior management. Create and maintain dashboards of covered asset class(es) and manager monitoring tools for internal use and to support with reports to stakeholders.
• Manage legal agreements and regulatory inquiries related to EIMs and asset class(es).
• Build databases and dashboards to enhance portfolio, asset class and EIM monitoring and reporting.

What you’ll need

Education: master’s degree (or equivalent) in Economics, Finance, Business, Mathematics, Statistics or related field. Candidates for CFA, CAIA or other similar certifications are strongly preferred.  Risk and Project management training is a plus.
Experience: at least 3 years of professional experience in accounting, finance and/or investments, preferably with a leading institutional investor or investment consulting organization.  Experience in operations, risk management, project management, pension reporting, and/or transactions strongly desired.

Languages: proficient in English and in one of the other Bank official languages (Spanish, French or Portuguese). 

Systems: Proficient in Microsoft Office is required with robust Excel modeling skills. Experience with Bloomberg and any data management, analysis and visualization tools (e.g. Power BI) and ability to independently learn analytics software is strongly desired.

Requirements

•    Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents.

•    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 initial term, 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 which 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 wellbeing:  Access to our Health Services Center which 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, 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.

About the Organization

A long-standing initiative of the Latin American countries, the Inter-American Development Bank was established in 1959 as a development institution with novel mandates and tools. Its lending and technical cooperation programs for economic and social development projects went far beyond the mere financing of economic projects that was customary at the time. The IDB's programs and tools proved so effective that soon the IDB became the model on which all other regional and sub-regional multilateral development banks were created. Today, the IDB is the oldest and largest regional development bank. It is the main source of multilateral financing for economic, social and institutional development projects as well as trade and regional integration programs in Latin America and the Caribbean