IDB Invest - Director/Head of Product Management and Innovation

Location

The position may be based at any of our country offices or at our headquarters in Washington, DC, as IDB Invest operates in 26 countries throughout Latin America and the Caribbean. The specific location will be determined based on business need, allowing us to strategically align talent with organizational priorities. 

We improve lives

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.

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.

In support of a new transformative business model “Originate to Share” our shareholders recently approved a $3.5 billion capitalization. This will allow IDB Invest to significantly scale up its investments, nearly doubling annual financing from approximately $8 billion to $19 billion, and unlocking greater private sector participation to drive development and climate impact across the region.

IDB Invest has reorganized its structure to implement this new business model, creating the Financial Solutions, Mobilization, and Asset Sharing (FSM) Department. This department advises the industries (ICT) and regions (RSG) department in originating and structuring transactions with our clients, mobilizing assets for investors, and managing the capital markets, equity, trade and blended finance businesses.

About this position

We are looking for a dynamic, creative, collaborative leader to serve as Director/Head of Product Management and Innovation. In this pivotal role, you will work closely with the other divisions within the FSM department: Mobilization and Asset Sharing, Equity Investment, Capital Markets, Trade and Supply Finance, and Blended Finance to develop innovative market-based financial solutions for the institution as well as managing IDB Invest’s current suite of products.  The Director/Head of Product Management and Innovation will also work collaboratively with other departments within IDB Invest including IT, Ops, Risk, Legal, Finance and the Industries and Regions departments.

The Director/Head of Product Management and Innovation reports to the Chief Product Officer. The financial solutions and asset management department is responsible for:

• Design and guide the implementation of innovative financial solutions working closely with client relationship management teams (ICT and RGT) and internal teams, ensuring that products not only meet client needs but are also mobilizable, replicable and scalable.
• Advise in the originating and structuring of projects providing product expertise in: blended finance, capital markets solutions, equity and mezzanine, trade, supply chain and commodity finance and resource mobilization
• Manage market players and investor relations, including but not limited to, develop mobilization strategies to strengthen IDB Invest’s position in the financial markets and support IDB Invest's “originate to share” targets.
• Implement an active client strategy to promote asset build-up in all our asset classes, collaborating closely with the client relationship management teams (ICT and RGT), to elevate clients and counterparts experience.
• Develop pricing strategies to meet both client and asset management needs.
• Lead fundraising efforts and manage third-party funds to support blended finance and advisory services.

The five product managers in each of the Financial Solutions and Asset Management Divisions (Blended, DCM, Equity, Mobilization, Trade) will have a dotted line report into the Director/Head of Product Management and Innovation. The Director/Head will also supervise the Departmental Analyst pool. The position will also have one direct report.

What you’ll do

• Product Leadership: Oversee the creation, development, structuring, and enhancement of financial products.
• Strategic Collaboration: Partner with FSM Managing Directors and Product leaders to expand the investor and client base through the use of innovative solutions.
• Cross-Team Synergies: Strengthen coordination among Financial Solutions units to optimize solutions for stakeholders.
• Product Approval and Implementation: Head the Product Committee and Manage new product development processes, ensuring compliance with firm-wide policies.
• Governance & Documentation: Supervise documentation and approval of financial products.
• Financial Solutions Optimization: Act as the primary liaison with critical stakeholders to refine the product catalog and prioritize initiatives.
• Process & Risk Management: Conduct process mapping and implement risk controls for new and existing products.
• Innovation & Enhancement: Work closely with teams on product development and improvements.
• Organizational Representation: Serve as the Financial Products representative in company-wide initiatives.
• Advisory Role: Provide guidance on transactions and products as needed.

What you'll need

•    Education: You hold a master’s degree (or equivalent advanced degree) in finance, business administration, economics, international development, or other fields relevant to the responsibilities of the role.  

•    Experience: At least 10 years of relevant professional experience at a financial institution, corporation, investment fund, multilateral development bank, or other private sector entity is required.  

•    Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is preferable.

Requirements

• Citizenship:

• • For National Staff: You are either a citizen of any of our Country Offices’ locations or a non-citizen eligible to work in job location(s) without the need for sponsorship.
  • For International Staff: There are no citizenship requirements.

• 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

• Washington DC (USA): International staff contract, 36 months initially, renewable upon mutual agreement.
• 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.

-We offer assistance with relocation and visa applications for you and your family when it applies.

-Hybrid and flexible work schedules.

-Health and well-being: Access to our Health Services Center that provides preventive care and health education for employees.

-Development support: We offer tools to boost your professional profile, such as mentoring, 1:1 professional counseling, training and learning opportunities, language classes, mobility options, among others.

-Other perks (Country specific)

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.

In our efforts to drive innovation, we intentionally include all voices, cultivate a sense of belonging and champion fairness. We welcome individuals from underrepresented groups to join us and share their unique perspectives.

We ensure that individuals with disabilities are provided reasonable accommodations to participate in the job interview process. If you require an accommodation to complete this application, please email us at.

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