IDB Invest - Chief Regions Officer
- 📁
- MGT Executive
- 📅
- Oct 15, 2024 Post Date
- 📅
- 2400000913 Requisition #
IDB Invest - Chief Regions Officer
Washington D.C. or one of our offices in the region.
IDB Invest
IDB Invest is an international financial institution and the private sector arm of the IDB Group that aims to solve development needs in Latin America and the Caribbean. Our mission is to support sustainable enterprises and projects that achieve financial results while maximizing regional social and environmental development. IDB Invest operates in 26 countries grouped into four regions and three industries (Infrastructure and Energy, Financial Intermediaries, and Corporates).
IDB Invest's shareholders recently approved a $3.5 billion capitalization to support a transformative business model, "Originate to Share," to attract greater private investment that drives development and climate impact in Latin America and the Caribbean. This will enable IDB Invest to nearly double its annual regional investments from approximately $8 billion to $19 billion.
IDB Invest has reorganized its structure to implement this new business model, creating the Regions Department. This department manages the business and clients from a country perspective organized in four regions: Southern Cone (Argentina, Brazil, Chile, Paraguay, and Uruguay), Andean Group (Bolivia, Colombia, Ecuador, Peru, and Venezuela), the Caribbean (The Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago), and Central America (Belize, Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua), Haiti, Mexico, Panama and Dominican Republic.
About this position
We seek a dynamic and experienced Executive to join as Chief Regions Officer.
The candidate should be an experienced banker with significant regional expertise, a proven track record of successful capital allocation and investments, and strong relationships with relevant private sector companies operating in the region.
As Chief Regions Officer, you will be responsible for achieving the regions' P&L, RAROC, and impact targets.
The Chief Regions Officer will report directly to the CEO of IDB Invest, be a member of the Senior Management Team, and oversee a team of four Regional Managing Directors and 26 country representatives.
Main Responsibilities:
- Develop the IDB Invest business plan with the senior management team and ensure its alignment with IDB Group priorities.
- Maintain relationships with governments and participate in business development with private sector clients and entities.
- Provide guidance and oversight to the four Managing Directors, supporting their strategic, tactical, and operational responsibilities.
- Oversee and is responsible for business performance from a regional perspective with the Delivery Units (organized teams by industries and regions responsible for originating, structuring, and supervising transactions).
- Define countries’ priorities and strategies and establish upstream work.
- Identify, promote, and execute synergies with IDB and IDB Lab.
- Manage resources for the Regions Department, including operational, human, capital, and budgetary resources.
Requirements
- At least 15 years of relevant experience as a banker with a proven business track record. Significant business experience in the countries where IDB Invest operates. Strong market and private sector company relationships (C-level) in Latin America and the Caribbean.
- Master’s degree (or equivalent advanced degree) in Economics, Finance, Business Administration, Law, Engineering, or another relevant field.
- Proficiency in English and one of the other Bank’s official languages (Spanish, French, or Portuguese) is required.
- There are no citizenship requirements.
- Consanguinity: 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.
What we offer
Our institution is committed to offering a competitive remuneration package that reflects the value and expertise of our candidates. This comprehensive package includes attractive cash compensation, performance-based variable pay, robust insurance coverage, and a pension plan. We believe in rewarding talent and ensuring our employees feel valued and supported in all aspects of their professional journey.
We offer a staff contract, initially 36 months, renewable upon mutual agreement.
Our culture
At IDB Group, we work so that everyone brings their best and most authentic selves to work, is willing to try new approaches without fear, and is accountable and rewarded for their actions. Diversity, Equity, Inclusion, and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply.
We will ensure that individuals with disabilities are provided with reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request a reasonable accommodation to complete this application.
Our Human Resources Team reviews carefully every application.
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