City: Washington DC
Company: IDB Lab
Posting End Date: 04/07/2025
IDB Lab – Finance, Risk & People - Division Chief (Chief Financial Officer)
IDB Lab is the innovation and venture capital arm of the Inter-American Development Bank (IDB) Group. It focuses on fostering early-stage innovation with a strong emphasis on technology and entrepreneurship. The primary objectives of IDB Lab are to benefit poor and vulnerable populations and to activate new industries in frontier markets. By mobilizing financing, knowledge, and connections, IDB Lab supports innovative ventures and ecosystems, enabling them to thrive.
In addition to its focus on technology and entrepreneurship, IDB Lab addresses specific challenges such as climate resilience, access to quality essential services, and creating greater opportunities for livelihoods. It leverages partnerships between the public and private sectors, civil society, and academic institutions to influence public policy and the entrepreneurial ecosystem. Through its various flagship initiatives, IDB Lab aims to drive social inclusion, environmental action, and productivity in the region, ultimately improving lives in Latin America and the Caribbean.
To align the implementation of MIF IV with the organizational structure of IDB Lab, the Finance, Risk & People Unit has been upgraded to a Division (FRP), strengthening its integral role in ensuring financial integrity, risk management, and organizational effectiveness. This division oversees IDB Lab’s financial strategy, risk governance, and human capital initiatives, ensuring alignment with operational and strategic objectives. FRP is responsible for financial oversight, optimizing risk mitigation frameworks, and fostering a people-centered approach that enhances organizational culture, talent development, and performance across IDB Lab.
About this position
We are seeking a strategic and results-oriented leader to serve as Finance, Risk & People Division Chief. This role is critical in overseeing IDB Lab’s financial sustainability, risk management frameworks, compliance structures, and human capital development. The Division Chief will be responsible for implementing best practices in financial management, optimizing resource allocation, and driving a data-driven, risk-aware culture throughout IDB Lab.
The Finance, Risk & People division is responsible for overseeing IDB Lab’s financial management, compliance, risk mitigation, and human resources strategy. It ensures long-term sustainability by developing policies that balance operational efficiency with risk appetite, optimizing capital allocation, and fostering a culture that values financial prudence while enabling innovation.
As Finance, Risk & People Division Chief, you will report directly to the CEO of IDB Lab.
What you’ll do
- Work with the IDB Lab leadership team to efficiently develop budget proposals, formulation and execution aligned with the organization’s strategic objectives.
- Oversee the preparation of IDB Lab financial statements, financial projections, external and internal auditors’ reviews, and quarterly reports to the Donors Committee.
- Present and obtain approval of key financial strategic documents under the FRP Division to the Donors Committee and the Board such as the annual budget and work program, financial statements and financial projections among others.
- Support the successful implementation of IDB Lab’s new capital model in close coordination with the IDB Lab’s Chief Strategy Officer and CEO, and the Donors Committee and the Board.
- Develop and implement comprehensive financial strategies, and data-driven planning and forecasting models to support IDB Lab’s long-term sustainability, and mobilization efforts in close coordination with the operational divisions.
- Identify, assess, and mitigate risks that could adversely impact the organization's financial standing, strategic objectives, or operational effectiveness.
- Oversee the design and execution of risk management frameworks, and compliance, ensuring its alignment with the organization’s financial sustainability and business objectives, and adherence with internal and external regulatory requirements. while fostering an innovation-driven environment.
- Ensure that the company’s risk management policies are effectively implemented and consistently updated to respond to emerging threats.
- Work in close collaboration with the the CEO, and CSO and the Donors Committee to establish a risk-conscious culture within the organization and in line with the strategic objectives as the innovation lab of the Group.
- Lead strategic initiatives to strengthen human resources management, including talent attraction, career development, leadership training, and performance evaluation.
- Collaborate with IDB Group counterparts to align financial and operational strategies with broader institutional goals.
- Manage and regularly review for efficient performance the system of Service Level Agreements (SLAs) with other parts of the IDB Group, the operations of the Service Center, and the use of special funds (such as the Productivity Fund).
