Institutional Banking Associate

  • Competitive
  • Washington D.C., DC, USA
  • Permanent, Full time
  • Inter-American Development Bank
  • 07 Aug 17

Established in 1959, the Inter-American Development Bank is the largest and leading source of financing for development for Latin America and the Caribbean. The Finance Department’s (FIN) is responsible for the mobilization and administration of the Bank’s financial resources, both the assets and liabilities, and for the management of the Bank’s liquidity, accounting and financial records, and for the relations with financial markets and intermediaries. FIN is divided in the Treasury and the Accounting Division.

The Treasury Division (TRY) procures funds from financial markets, manages the Bank’s liquid assets and cash resources, and administers the Bank’s loan portfolios. Within TRY, the Treasury Middle Office Group performs valuations of the Bank’s assets, liabilities and derivatives, advises on strategies to manage liquidity manage relationships with a global network of commercial and non-commercial banking institutions, and Ministries of Finance of member countries to maximize the efficiency of financial operations of the Bank.

 

                                                                                                       

Key Accountabilities

Maintain and support the management of a network of institutional banking relations necessary for the efficient management of the Bank’s financial resources.
Optimization of the institution’s global banking network and rationalization of bank accounts.
Knowledge and completion of all relationship management documentation required for the on-boarding of institutions
In accordance with Bank’s Policies and Procedures, execute and provide advice on the technical aspects of the opening and closing bank accounts; monitor services provided by counterparties for the operation of cash and safekeeping accounts.
Responsible for the veracity, authenticity and integrity of bank account data entered into the Account Inventory System/Bank Information System (FIE), Cash Management Module (CMM), and other finance and accounting systems such as the Request for Payment System, Loan Management System and SAP System, ensuring proper security controls at all times.
In coordination with relevant Bank officers, establish direct communication lines with both internal and external clients to analyze and resolve systemic problems and/or introduce cost effective solutions to financial transactions processes through automation and integrated systems.
Respond to inquiries from Country Offices and headquarters staff related to systemic problems in payment systems and regulatory issues affecting the services provided by our depository and correspondent financial institutions.
Anticipate business unit’s needs or problems to proactively research and make recommendations for innovation and improved procedures to streamline processes on issues regarding banking services, flow of cash transactions, and account reconciliations throughout the Bank’s internal and external systems.
Compile and analyze survey results from internal clients for annually bank service evaluation and quality review exercise. Verify and evaluate compliance of contracted services between the Bank and commercial depository banks and provide feedback to senior staff.
Keep abreast of technological developments and the best practices in the banking industry to sustain an optimum-banking infrastructure.
Responsible for the veracity, authenticity and integrity of the confirmed Standing Settlement Instructions (SSI) in supporting the Treasury Operations and Derivative Collateral Management Operations of the Bank.
Responsible for the design, testing and/or parallel phases of implementation projects for new enhanced financial systems and sub-systems; the identification and definition of business unit requirements, and participation in updates and test of system functionalities with provision of end-user feedback.
Coordinate and monitor timely issuance of individual Certificates of authorized signatures used to operate the Country Office’s local checking accounts held at commercial banks and review accuracy of individual Certificate before authentication by the Secretary of the Bank.
Accountable for the exchange of Swift authenticator keys with the Bank correspondents worldwide for sending/receiving financial messages such as money transfers; analysis of requests for authenticator keys to determine acceptance and terms for exchange of keys; control and monitoring of the key exchange process in the SWIFT. 

 

Qualifications

 

Education: Master’s degree or equivalent in business administration or finance. Certified Treasury Professional (CTP) designation preferred.

Experience: A minimum of 3 years in institutional banking related areas supporting bank relationships, bank documentation, and performance measurement and evaluation of bank relationships is required, as is a thorough understanding of treasury operations. In depth knowledge of international and domestic payment regulations and compliance systems is strongly desired. 

Languages: Proficiency in English and Spanish is required. 

 

 Technical Competencies:

Quantitative Analysis. Uses analytical tools and mathematical processes to empirically analyze and evaluate data and information.
Qualitative Analysis. Investigates beyond data through knowledge, research and intuition to determine the reasonableness of information used for decision-making.
Financial Market Knowledge: Understands financial market dynamics, products and economics and their implications for financial and risk management.
Financial Operations: Researches, analyzes, inputs and reports information on the origination, execution and monitoring of financial operations.
Systems and Applications Knowledge: Leverages systems and applications knowledge to enter data, process transactions, conduct relevant analyses, and generate reports.
Risk Awareness: Understands, analyzes, acts on and communicates risks by applying appropriate controls and risk mitigation procedures.
Business Acumen. Demonstrates an understanding of own functional area, the business of the Department, the Bank and client business needs and priorities. Understands and applies knowledge of Bank strategies, business priorities, processes and policies to accomplish goals and execute on business area work program.

 Core Competencies:

Innovation and Creativity: Develops imaginative ideas and solutions through creativity, experimentation and critical thinking.
Communication and Influence: Communicates effectively and leverages relationships and strategies to influence others.
Client Focus: Understands client needs and provides services that meet their expectations for quality and performance; meets the Bank’s expectations for ethical behavior.
Collaboration, Teamwork and Inclusion. Works cooperatively with others independent of background (e.g., gender, ethnic origin, religion, disability, sexual orientation, background, perspective) or organizational role, and takes a team based and inclusive approach to projects and decision making. Gains the support of others for own ideas and initiatives, regardless of formal authority and organizational boundaries. 

        

The IDB offers a competitive benefits and compensation package. 

 

The IDB 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