The Caribbean Development Bank (CDB/the Bank) is seeking a dynamic professional to fill the role of Development Finance Officer in the Private Sector Division (PSD) of the Projects Department. The successful candidate will be based at CDB’s headquarters in St. Michael, Barbados.
The operations of the Private Sector Division (PSD) are anchored in the Private Sector Development Policy and Strategy which is focused on enhancing private sector ecosystems to facilitate the development of dynamic and internationally competitive, high-growth firms and fostering new expanded partnerships with the regional private sector. The focus of the Division is driven by the following three strategic priorities:
The DFO is responsible for managing a portfolio of predominantly development and commercial, financial intermediaries throughout the project cycle, as well as direct private sector loans and investments. The DFO will manage the project cycle process, which includes identification, appraisal, and supervision during the implementation and operational phases of the project. The DFO will also be responsible for portfolio monitoring and evaluation in line with CDB’s policies and procedures.
The DFO will promote and sustain relationships with regional intermediaries to finance projects and develop new solutions aimed at directly impacting the development of BMCs. In addition, the DFO will actively participate in the development and implementation of new financial products and services for the Bank.
The DFO will actively participate in the implementation of the private sector strategy in CDB’s BMCs to carry out interventions to improve their impact and promote the development of the private sector through financial products and TA programmes, as well as contribute to the strengthening and development of development and commercial, financial intermediaries in the Region while promoting financial inclusion, the improvement of productivity, competitiveness, innovation and business development.
The DFO will be required to:
The DFO is required to be experienced in corporate and/or project financing, preferably including trade finance, and knowledgeable of the operations of financial institutions lending to the private sector and a broad understanding of the financial sector and capacity building initiatives that support institutional strengthening.
The successful candidate should have significant experience in originating and supervising equity and debt transactions and be knowledgeable of financial trends and innovations introduced in the market by regional key players, especially in trade finance and banking, insurance, and FinTech.
The successful candidate should have:
The following are considered assets for this position:
The DFO should demonstrate strong proficiency in the following competencies:
Competency / Definition
Acting as a Champion for Change
Actively identifies problems and opportunities for change and implements solutions where appropriate. Maintains effectiveness when experiencing major changes in work tasks or the work environment; and supports people in their efforts to try new things.
Moves quickly to make decisions and commits to a clear course of action; comfortable making decisions based on partial information; willing to take risks in order to maintain momentum; shows a strong bias toward action.
Aligns day-to-day activities around broader organisational goals and objectives; prioritises resources based on the strategic objectives of the organisation; recognises and rewards people based on how their actions support the broader needs of the organisation.
Championing Customer Needs
Calls attention to issues that impact customer satisfaction; views situations from the perspective of customers; encourages people to think about customers when making decisions and develops and sustains productive customer relationships.
Consistently communicates with clarity and thoroughness to optimise audience understanding. Communicates information in a clear, concise, and timely manner. Demonstrates effective speaking and presentation skills.
Delivering High Quality Work
Critically reviews work processes to ensure quality; addresses problems that could impact quality; makes sure project deliverables and services meet all requirements and expectations; does not make the same mistakes twice.
Displaying Technical Expertise
Keeps his/her technical skills current; effectively applies specialised knowledge and skills to perform work tasks; understands and masters the technical skills, knowledge, and tasks associated with his/her job; shares technical expertise with others.
Driving for Results
Bottom-line oriented and pushes self and others to achieve results. Keeps current on project status; makes sure people are aware of project status and what they need to do to keep things moving; redirects project resources and activities to overcome setbacks; elevates project concerns to senior levels of leadership when appropriate.
TERMS OF APPOINTMENT
This is a full-time position with the successful candidate being contracted on a two-year basis in the first instance, with the possibility of renewal. The salary is competitive and commensurate with qualifications and experience. A pension plan, life and medical insurances are included in the benefits package.
Before you proceed to apply, please consider the following requirements:
You must be a national of one of CDB’s member countries.
You will be required to produce evidence of any educational and professional qualifications to support your application if you are selected for an interview.
All appointments are subject to satisfactory background checks and references.
CDB fully respects the need for confidentiality of the information supplied and assures you that we will not discuss your background and interest with anyone, including references, without your prior consent.
The deadline for submission of applications is October 3, 2023 at 11:59 pm AST.