Position description
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 dedicated, energetic, and team-oriented Regional Institutional Banking Senior Associate. In this position, you will support the Group Head and Team Leader in establishing, implementing, negotiating, maintaining, and overseeing key financial relationships required to manage the IDB’s financial transactions in a multi-currency environment.
You will work in the Institutional Banking Team within the Treasury Middle Office and Banking Group (TMB) of the Finance Department, under the Vice Presidency for Finance and Administration.
The TMB group is responsible for (i) establishing, managing, and controlling a network of public and private financial institutions for the delivery of financial services for the swift execution of IDB financial transactions while minimizing risk; (ii) ensuring that IDB Country Offices receive high-quality banking services from partner financial institutions; (iii) overseeing and maintaining Standard Settlement Instructions for Treasury transactions; (iv) supporting and coordinating with legal counsel and relevant areas regarding regulatory and compliance requirements requested by Treasury counterparties; (v) supporting monitoring activities related to AML/CTF and sanctions screening processes, in accordance with applicable procedures; (vi) managing the authorized signatories documentation for the Finance Department; and (vii) supporting the Department’s change-the-business initiatives. Within this context, the Group provides tailored solutions to internal clients while bringing innovation to enhance operational efficiency.
What you’ll do
- Manage and support institutional banking relationships in Honduras and across Latin America and the Caribbean, coordinating with financial institutions and IDB Country Offices to ensure reliable, timely, and high-quality banking services.
- Coordinate the opening, maintenance, modification, and closure of institutional bank accounts, ensuring that account mandates, authorized signatories, inventories, and supporting documentation remain accurate and compliant with Bank policies and controls.
- Act as a regional focal point for banking operational matters, coordinating with correspondent banks, custodians, Country Offices, Treasury teams, Legal, Compliance, and other stakeholders to resolve issues and maintain continuity of financial transactions.
- Oversee the maintenance and validation of Standard Settlement Instructions and other critical banking reference data used for Treasury transactions across multiple currencies and jurisdictions.
- Coordinate due diligence, onboarding, Know Your Customer, tax, regulatory, and contractual documentation required to establish and maintain relationships with financial institutions, ensuring timely responses and complete audit trails.
- Support AML/CTF and sanctions-related banking controls by performing reviews, documenting outcomes, following up on identified matters, and escalating issues to the appropriate control owners in accordance with established procedures.
- Coordinate secure financial messaging arrangements and banking connectivity requirements, including authorizations, credential exchanges, and operational controls with correspondent banks and other financial institutions.
- Perform banking risk and control activities, including periodic service evaluations, review of third-party assurance and control reports, audit support, and monitoring of remediation actions in accordance with established procedures.
- Partner with Country Offices and internal clients to assess banking service needs, identify regional challenges, and develop practical solutions that strengthen service quality, resilience, and operational efficiency.
- Contribute to Treasury modernization and change-the-business initiatives by supporting process redesign, automation, system enhancements, testing, parallel runs, data quality improvements, and implementation of innovative banking solutions.
- Prepare analyses, management information, and recommendations on banking services, operational risks, control effectiveness, and regional banking developments to support decision-making by the Group Head and Team Leader.
What you’ll need
- Education: Master’s degree (or equivalent advanced degree) in business administration, finance, or other fields relevant to the responsibilities of the role.
- Experience: At least three years of relevant experience in institutional banking operations, treasury middle-office, or a comparable control/operations environment, with hands-on responsibility for executing and coordinating banking administration and documentation activities.
- Languages: Proficiency in Spanish and English, spoken and written, is required. Additional knowledge of French and Portuguese is preferable.
Requirements
- Citizenship: IDB– National: You are either a citizen of Honduras or a citizen of one of our 48-member countries with residency or legal permit to work in Honduras.
- 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: National: National staff contract, 36 months initially, 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.
- 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 that 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.
- On-site position with the occasional flexibility of teleworking.
- Health and well-being: Access to our Health Services Center that provides preventive care and health education for employees.
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.
Application instructions
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