Role purpose

We seek a dynamic and experienced leader to join as Blended Finance Managing Director.

The candidate should be an experienced banker with significant expertise in emerging markets and concessional finance and strong relationships with commercial banks, donors, and development finance institutions.

As Blended Finance Managing Director, you will report directly to the Chief Products Officer and be responsible for achieving the blended finance targets.

Major Duties and Responsibilities

• Supervise and coordinate the deployment of IDB Invest concessional funds.
• Advise operations teams to structure and implement blended finance solutions that rebalance risk-reward profiles, with a focus on maximizing additionality and development impact.
• Oversee the timely and consistent deployment of concessional resources in line with IDB Invest’s strategic priorities and in accordance with the Development Finance Institution (DFI) Blended Finance Principles.
• Coordinate the distribution of technical assistance funds across different units within IDB Invest that offer advisory services, technical cooperation, and execute upstream initiatives.
• In collaboration with IDB Group’s Office of Outreach and Partnerships, develop and implement IDB Invest fundraising strategy and position IDB Invest as the partner of choice for channeling concessional resources to the private sector in Latin America and the Caribbean.
• In collaboration with IDB Group’s Grant and Co-financing Management Unit, ensure full compliance with donor agreements, including fiduciary, reporting, and operational obligations.
• Act as a public spokesperson for IDB Invest on concessional finance, presenting to the Board, external donors, Development Finance Institutions (DFIs), philanthropies, and other stakeholders.
• Lead efforts to capture and disseminate knowledge products on concessional finance, contributing to thought leadership in this space.
• Oversee the unit’s operations and ensure that donor fees and other financial resources are used effectively.
• Streamline processes and systems to reduce duplicative tasks, improve funds accessibility, and contribute to corporate efficiency goals.
• Administer funds for advisory services.
• Lead a high-performing team, providing mentorship and guidance to ensure delivery excellence.

Profile

• At least 10 years of relevant experience as a banker with a proven business track record. Expert in emerging markets investments, with a strong focus on concessional finance. Strong relationships with private commercial bank, donor or development finance institutions.
• 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.

Terms of Appointment

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 an international staff contract, initially 36 months, renewable upon mutual agreement.

IDB Invest’s 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.

Role Location

Washington, D.C., USA

How to Apply

To apply for this position, please ensure you complete the Application Form provided below by 27 November 2024 (23:59 hrs, GMT -5). It is essential that you submit your CV in English, specifically in Microsoft Word format (.doc/.docx), not exceeding 10MB.

Applications in other languages or formats will not be considered.

Rest assured, all information will be handled with the utmost confidentiality.

SRI Executive is exclusively retained by IDB Invest to undertake this assignment.