Director, Credit Risk Management (MCR) Division

Director, Credit Risk Management (MCR) Division

Location: The position can be based in one of the following cities: Guatemala (Guatemala City), Mexico (Mexico City), Panama (Panama City), Costa Rica (San Jose), El Salvador (San Salvador), Dominican Republic (Santo Domingo), Honduras (Tegucigalpa). The specific location will be determined based on business need, allowing us to strategically align talent with organizational priorities.

We improve lives

IDB Invest is the private sector arm of the IDB Group and an international financial institution committed to addressing the development needs of Latin America and the Caribbean. Our mission is to support sustainable enterprises and projects that deliver financial results while maximizing social and environmental impact in the region.

IDB Invest operates in 26 countries, structured across four geographic regions and three industry verticals: Infrastructure and Energy, Financial Intermediaries, and Corporates.

As part of its evolving business model, “Originate to Share,” IDB Invest is expanding its capacity to mobilize private capital and scale development impact across Latin America and the Caribbean, supported by a $3.5 billion capitalization from its shareholders. The model strengthens IDB Invest’s ability to originate high-quality assets, structure innovative financial solutions, and connect global capital with opportunities across the region.

About this position

The Credit Risk Management (MCR) Division, part of the Risk Management Department of IDB Invest, is seeking a highly qualified and experienced Director to lead the Division’s credit risk activities for Financial Institutions (FIs) and Infrastructure and Energy, including the coordination of a team of credit risk officers whose role is to support the origination, execution and management of high quality and creditworthy projects that result in significant development impact. The Director will also be the voting risk member in the assigned Delivery Units as further outlined below. The selected Director will report to the Managing Director of the MCR Division.

The MCR Division, is responsible for developing and overseeing credit risk policies, parameters and procedures; articulating best practices and credit risk training, reviewing credit and investment proposals 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 Institution’s capacity to identify and manage the credit risk present in its lending operations and treasury activities (including investments and financial derivatives portfolios). This Division covers Infrastructure, Corporates, Financial Intermediaries and Funds; and Equity.

The MCR Division works closely with investment officers and clients to identify opportunities to proactively add value, beyond compliance and risk mitigation, and contribute to long-term developmental impact and sustainability of transactions.

Business delivery is conducted through Delivery Units that are responsible for: (i) establishing and maintaining client relationships, (ii) building pipeline through upstream project and sector development, (iii) transaction execution through the incorporation of multiple financial products including loans, guarantees, debt capital markets, equity and quasi-equity instruments, as well as resource mobilization and technical cooperation and (iv) acting as the center of institutional knowledge and expertise for the sectors covered. This integrated model enables Delivery Units to align business development with strategic priorities, enhance regional coordination, and ensure operational effectiveness across IDB Invest.

What you’ll do

• Coordinate the Division’s activities related to financial institutions and infrastructure and energy, including the coordination of a team of credit risk officers whose role is to support the origination, execution and monitoring of high quality and creditworthy projects that result in significant development impact.
• Serve as RSM voting member of the assigned Delivery Units and support the investment teams in the completion of transactions.
• Lead the development of credit risk capabilities across the Financial Institutions, Infrastructure, and Energy sectors by promoting risk awareness, lessons learned, and knowledge-sharing initiatives..
• Lead/perform the independent credit risk assessment of complex financial institutions, corporate or 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 or supervised 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 the approval process.
• Supervise/review and ratify the internal credit risk ratings applicable to transactions, 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/prepare well written credit risk assessments including credit recommendations on the counterparty's risk profile/rating in accordance with IDB Invest credit policy and guidelines and documentation standards.
• Formulate well-reasoned recommendations and persuasively communicate recommendations at required committees, and to senior management.
• Review and advise in the processing of all material waivers and amendments.
• Work closely with the IDB Invest’s Special Assets Division on troubled debt restructurings to identify suitable debt restructuring strategies, steer jointly with that Division and other stakeholders in the IDB Invest the recovery efforts and proposed loan provisions.
• Use analytical tools, risk manage