Carlos Otárola Email & Phone Number

Washington, DC, US

Washington DC

• Responsible for managing a team of approximately 40 individuals who oversee critical back-office functions related to financial and treasury operations, as well as document management. These functions are integral to.
• Contribute to several working groups responsible for implementing and overseeing critical institutional initiatives. These have included the LIBOR Transition to SOFR Project, the Current Expected Credit Losses (CECL).
• Provide guidance and support in the continuous improvement of these processes, ensuring that accountability was clearly defined, and creating tools to improve overall efficiency.

Washington D.C. Metro Area

• Leads a team of 16 people responsible for processing the operational activities of our projects, including the booking of each transaction in the loan management system (ACBS), as well as the disbursements, billing.
• Provides operational and financial advice at the inception and throughout the life of our financial products.
• Ensures the data integrity coming from the loan management system.
• [There was a 4-month period on which I continue working as Head of Business Analytics (OCT/19 to JAN/20).]

1350 New York Avenue, N.W.; Washington D.C. 20577

• Leads a team that performs analytics functions for decision making, performance tracking, and stakeholders reporting, including at the high-level of the institution (e.g. Board of Directors).
• Leads the design, maintenance, and enhancement of reports and dashboards with general and Key Performance Indicators (KPIs) used by different internal constituencies to monitor institutional performance and progress.
• Leads the development and implementation of the Data Governance Framework including the definition of business rules, metrics to calculate the performance indicators, and proper dissemination of the data and business.
• Coordinates the Analytics Center of Excellence with all the Departments of IDB Invest, defining best practices and setting a common vision for data analytics across the institution.
• Coordinates, with the Information Technology Group, the design, deployment, and enhancements of the management information systems, and business intelligence platform.

Washington D.C. Metro Area

• Provide sound technical advice on financial and risk matters related to the private sector operations at the Bank.
• Performed several analyses and provided key information on relevant topics that supported the study for the final consolidation of the IDB Group’s private sector activities; for the VPP as well as in the working groups.
• Active participation, as Alternate Member, in the Asset and Liability Management Committee.
• Member of several working groups that analyze and define proposals to implement funding mechanisms for local currency products in Latin America.
• Delegated by VPP to be part of the working group that reviewed the IDB’s Capital Adequacy Framework, which resulted in the new Capital Adequacy Policy of the Bank.
• Member of the Independent Investment Panel of the Compete Caribbean Program.

Washington D.C. Metro Area

• Responsible for the institutional relationships with potential investors and the credit rating agencies (S&P, Moody's and Fitch).
• Participated in the road-shows and negotiations with the local counterparties in two bond issuances in the Mexican market for approximately US$60 million each; providing analyses on risk matters and answering questions.
• Part of the due diligence team that worked on the first IIC’s European Medium-Term Note (EMTN) Program for US$350 million. Responsible for updating the financial section of the legal documentation and preparing the.

Washington D.C. Metro Area

• Responsible for the Risk Management area in charge of validating the credit risk assessments for the entire loan portfolio and the treasury positions.
• Supervised the periodic analysis of the migration and recovery of the loan portfolio, as well as the proposal for the general loan loss provisions.

San José, Costa Rica

• Led project teams in business origination and project supervision in 16 countries in Latin America.
• Established local networks to keep abreast of market conditions.
• Selected as one of three members of the first specialized unit on Portfolio Supervision.
• Started supervising corporate projects and equity investments and later moved to support the area of financial institutions.
• Participated as a member of the Board of Directors in several equity funds and in two private companies.

San José, Costa Rica

• In charge of the investments of three mutual funds.
• Performed the financial analysis of the issuers, the valuation of the securities, the assessment of the macroeconomic conditions and the financial sector.
• Responsible for negotiating with the counterparties and the trading execution at the National Stock Exchange of Costa Rica.
• Member of the Investment Committee in charge of analyzing the financial return, the risk profile and investment strategy for seven mutual funds created by the bank.

San José, Costa Rica

• Part of the working group that performed the due diligence for the creation and registration of several mutual funds with the Costa Rican authorities.
• Responsible for business development with local financial institutions and the negotiation of their investments in the bank.
• Participated in the establishment of a network of brokerage firms in Central America.
• Prepared periodical reports used by the Board of Directors and the Assets and Liabilities Committee.

Brussels, Belgium

• Worked on several negotiations at the technical level at the European Commission, the Group of Latin American Ambassadors (GRULA) and the Group of Central American Ambassadors (GRUCA).
• Organized meetings of high-rank Costa Rican officials at the European Commission, the European Parliament, the Kingdom of Belgium and the Grand Duchy of Luxembourg.
• Coordinated bilateral negotiations of Costa Rican and Belgium companies.

San José, Costa Rica

• Worked on business origination and project supervision.

San José, Costa Rica

Responsible for several projects like the registration of a major poultry company in the Costa Rica Stock Exchange, and the technical analysis of financial matters at the firm.

San José, Costa Rica

Worked in the reorganization of the finance department and the creation of new administration procedures.

Mba, Banking And Finance

- Honor Roll - Thesis: “Value at Risk (VaR) Application to Public Sector Debt Securities”

Bachelor Of Science, Business Administration

- Major in Finance and Minor in Economics - Awarded with a scholarship by the Latin American Scholarship Program of American Universities.