Job Details

About Inter-American Development Bank (IDB)

The Inter-American Development Bank (IDB) is the largest source of development financing for Latin America and the Caribbean. Founded in 1959, the IDB supports economic development, social development, and regional integration by lending to governments as well as private companies, contributing to increased economic growth, reducing poverty, and ensuring environmentally sustainable growth in the region. IDB Lab is the innovation and venture capital arm of the IDB Group, focusing on empowering vulnerable populations through entrepreneurial innovations and impact investing. Since 1993, IDB Lab has played a key role in fostering innovation and inclusive development across Latin America and the Caribbean.

About this Role

The General Manager of IDB Lab plays a crucial leadership role within the Inter-American Development Bank Group. This position is responsible for setting and implementing a new business model for IDB Lab, driving impactful development throughout Latin America and the Caribbean. Key objectives include enhancing IDB Lab's scalability and financial sustainability, engaging with stakeholders across sectors, and overseeing multidisciplinary teams across various regions. The General Manager will be instrumental in aligning public and private sector actions, activating innovative markets, and catalyzing existing sectors to amplify the impact of the entire IDB Group. Effective partnership building and fundraising with various stakeholders, including donor committees and private sector partners, will also be essential responsibilities.

Responsibilities

• Set and implement the new phase and business model of IDB Lab.
• Position IDB Lab as a leader in development innovation and impact investing.
• Guide IDB Lab as a high-impact innovation hub.
• Manage a motivated group of senior staff on the new phase of IDB Lab.
• Ensure efficient operational management, driving financial sustainability.
• Oversee the design, development, and execution of IDB Lab's initiatives and projects.
• Build and maintain strong relationships with key stakeholders.
• Lead fundraising and resource mobilization efforts.
• Provide support to the IDB Lab Donors Committee.

Requirements

• Demonstrated knowledge in venture capital, innovation, finance, and international relations.
• Minimum of 10 years in managerial positions.
• Deep knowledge of the Latin America and Caribbean region.
• Proven track record of establishing strategic partnerships.
• Top management experience, including supervision of multi-disciplinary teams.
• Exceptional communication skills with diverse audiences.
• Ability to make effective decisions and collaborate as a team player.
• Strong fundraising and analytical skills.
• Master's or equivalent advanced level degree(s) required.

Benefits

• Competitive compensation package on a net-of-tax basis.
• 24 days of paid time off + 8 personal days.
• Comprehensive health insurance, including medical, dental, vision, and prescription drugs.
• Defined benefit pension plan.
• Assistance with relocation and visa applications.
• Hybrid and flexible work schedules.
• Access to a Health Services Center offering preventive care.
• Professional development support including mentoring and training opportunities.

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