Senior Credit Risk Officer job vacancy-Zimbabwe 2016
Senior Credit Risk Officer – Project Finance
Inter-American Investment Corporation (IIC)
The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) Group, is a multilateral organization based in Washington, D.C., that is committed to the development of Latin America and the Caribbean through the private sector.
The Credit Risk Division, part of the Risk Management Department of the IIC, is responsible for developing and overseeing credit risk policies, parameters and procedures; reviewing credit and investment proposals submitted to the IIC’s Risk Management Department with a view to assessing risk and supporting the internal credit approval process; participating in the project portfolio supervision process to validate risk rating assessments; and strengthening the IIC’s capacity to identify and manage the credit risk present in its lending operations and treasury activities (including investments and financial derivatives portfolios). The Credit Risk Division works closely with investment officers and clients to identify opportunities to add value proactively, beyond compliance and risk mitigation, and contribute to long-term developmental impact and sustainability.
The IIC is searching for an excellent Senior Credit Risk Officer with proven experience in the assessment of infrastructure and energy transaction structure, security, and pricing at all phases of the project cycle to support the origination, execution and monitoring of sustainable projects with significant developmental impact. The Senior Credit Risk Officer will support and provide independent technical risk assessments of IIC’s project finance transactions, identifying sensitive areas and issues to be addressed by various business areas of the IIC, and providing advice on potential solutions and alternatives.
Main Functions and Responsibilities
Perform the independent credit risk assessment of complex project finance transactions, including reviewing and providing advice on financing structures, consultant reports, financial models, and legal documentation in order to fully assess resulting credit risk and possible mitigants to assigned transactions.
Work closely with multidisciplinary teams in the analysis of prospective transactions and make recommendations to mitigate the identified key credit risks, as part of IIC’s credit approval process.
Review and ratify the internal credit risk ratings applicable to the transactions assigned, considering all dimensions involved, including borrower risks, transaction structure risks, and the macro/regulatory environment, as well as the estimated probability of default, loss-given default, and expected recoveries.
Review the IIC’s portfolio of non-sovereign guaranteed operations and undertake periodic annual reviews of credit risk and underlying risk ratings.
Prepare written credit risk assessments including credit recommendations on the counterparty’s risk profile/rating in accordance with IIC credit policy and guidelines and documentation standards.
Formulate well-reasoned recommendations and persuasively communicate recommendations at required committees and to senior management.
Provide guidance and advice to origination teams by applying best practices and lessons learned from experience with similar transactions.
Review and advise in the processing of all material waivers and amendments to loan documentation presented by the IIC’s Portfolio Management Division.
Work closely with the IIC’s Special Assets Division on troubled debt restructurings to identify suitable debt restructuring strategies, steer jointly with that Division and other stakeholders in the IIC the recovery efforts and proposed loan provisions.
Use an array of analytical tools, risk management models and methodologies to measure IIC credit risk exposure for assigned projects and ensure that all transactions operate inside of clearly established limits.
Collaborate in the design and administration of training programs on credit issues and topics.
Provide leadership, mentoring and support to more junior team members.
Qualifications
Education: An advanced degree (at least Master’s or equivalent) in Finance, Business Administration, Engineering, or other relevant field. CFA designation desirable.
Experience: At least 8 years of relevant professional experience in a credit risk-related function, preferably in a similar role at a peer institution, financial services provider, or professional services firms.
Language Skills: Oral and written professional proficiency in English and Spanish required; knowledge of Portuguese and/or French desirable.
Critical Professional Capacities
Clear understanding of private sector operations and a strong background in international project finance practices and standards.
In-depth understanding of typical credit risks of project finance transactions. Proven knowledge and hands-on experience in credit risk management techniques, assessment of financing and legal structures, structuring of financing transactions, analysis of financial statements and debt repayment capacity, financial modelling, and sensitivity/stress testing analysis, as well as applying industry best practices in terms of expected loss calculation.
Proven track-record in the full project finance transaction cycle, including origination, due diligence, structuring, documentation, execution and monitoring, identifying critical issues and building best practices into the core design, execution and supervision of structured and diverse projects with a wide range of clients of different sizes and industries.
Ability to manage portfolio credit risk exposures in an efficient manner and knowledge of leading practices regarding credit risk management.
Clear understanding of the role and mandate of multilateral institutions and how these institutions support and complement host government efforts to engage with the private marketplace to develop their national private sectors. Previous transaction experience with multilateral development banks and/or development finance institutions is desirable.
Outstanding quantitative, analytical and problem-solving skills. Ability to synthesize complex information clearly for a variety of internal and external stakeholder audiences.
Outstanding interpersonal skills to effectively work with project teams and clients.
Ability to manage multiple projects simultaneously.
Knowledge and experience in Latin America and the Caribbean.
Ability to travel frequently to Latin America and Caribbean countries.
Unquestionable integrity and highest ethical standards.
Technical Competencies
Strategic Risk: Assesses and manages risk to IIC strategy, reputation, financial and organizational health, especially those imposed by the uncertainties of the internal/external environment.
Credit Risk: Conducts financial and credit risk assessment and analytical due diligence on IIC projects.
Operational Risk & Internal Controls: Assesses and manages risks associated with internal processes, systems and human factors.
Project Design and Structuring: Collaborates in the structuring of projects that are sustainable financially and developmentally, and contribute to the IIC’s mission.
Financial Analysis & Modelling: Demonstrates ability to apply deep financial understanding to the development of structured products, client projects and transactions.
Relationship Management: Manages internal or external clients and their needs by building relationships, maintaining contact, and gathering a deep understanding of their function or business.
Product Knowledge: Builds understanding of IIC projects and products, including how they are uniquely positioned for particular client segments, scenarios, financial or developmental needs.
Negotiation and Advocacy: Balances interests of multiple parties (internal/external) to reach mutually acceptable terms and conditions (i.e., “win/win” agreements).
Project Implementation & Supervision: Manages the implementation and execution of projects, including tying results to original strategy, flexing to new situations/conditions and intervening when necessary to keep projects on track.
Sector & Thematic Expertise: Develops and applies specialized sector or strategic thematic expertise to projects.
Quantitative Analysis: Uses analytical tools and processes to analyse and evaluate data and information.
Contracts & Legal Agreements: Applies best practices to the management of contracts and legal agreements.
Leadership Competencies
Leading Change: Accelerating organizational transformation through the management of change and support for employee innovation and excellent service.
Building Engagement and Commitment: Developing engagement and commitment by setting challenging goals, acknowledging employee efforts, creating involvement and participation, hearing multiple perspectives and driving a unified approach.
Acting Strategically to Deliver Results: Delivering results for the clients and the IIC that ensure sustainability and support the organization’s strategy, mission, and vision for private sector development.
Developing People & Teams to Deliver Results: Building talent and capability inside the IIC through coaching, mentoring, training, work assignments, and knowledge-sharing.
Driving Quality and Efficiency: Creating and/or implements standards of excellence for products and services ensuring consistency, accuracy, reliability, and efficiency. Continuously seeks new ways to make processes run smoother and faster to enhance outcomes.
Promoting Gender and Racial Equality Diversity & Inclusion: Ensuring a diverse environment and actively works to build, coach, and empower teams with diverse backgrounds (i.e. gender, ethnic origin, disability, sexual orientation, background, perspective).
The IIC offers a competitive benefits and compensation package.
The IIC 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.
Deadline for applications: 15 April 2016, 11:59PM EST
For more information and how to apply, please visit www.iadb.org.jobs