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Chief Financial Officer


  • Organization: CDB - Caribbean Development Bank
  • Location: Barbados
  • Grade: Senior Executive level - Senior Executive
  • Occupational Groups:
    • Banking and Finance
    • Managerial positions
  • Closing Date:


The Caribbean Development Bank (CDB/the Bank) is seeking an experienced, strategic and mission-driven Chief Financial Officer (CFO) to lead all aspects of the finance and accounting functions of the Bank. They will lead a small team of dedicated accounting professionals and be a key CDB leadership team member. They will support the Bank’s leadership in providing key reporting to the Board of Directors and its Oversight Committee to ensure sound business decisions. 


The Finance Department is responsible for the Bank's financial position through effective planning and management of the functions of financing, investing, general and cost accounting, budgeting, cash flow analysis, financial analysis and reporting. The Department is also responsible for developing and administering financial policies and procedures and strengthening the Bank’s infrastructure and capability to mobilise resources to support its development agenda. The Department also has responsibility for corporate procurement and asset risk insurance.


Reporting directly to the Vice President of Finance and Corporate Services (VPFCS), the CFO will lead all financial aspects of the Bank, including financial planning, financial reporting, budgeting, accounting, treasury, borrowings from the capital markets and investment activities, and asset liability management. The CFO is a senior management team member and will serve on several management committees.  As a strategic thought partner, the CFO will work closely with the leadership team to drive financial performance and optimize resource mobilisation strategies.


The responsibilities of the CFO include:

  • Providing financial leadership in determining strategic business direction, financing, capital market, and longer-term strategies vital to the Bank's future performance.
  • Maturing behaviours across the Bank to execute strategic and financial objectives while simultaneously creating a risk-intelligent culture.
  • Protecting and preserving the critical assets of the Bank and accurately reporting on the financial position and operations to internal and external stakeholders.
  • Advising on trends, financial risks and opportunities and making recommendations for strengthening the overall financial framework of the Bank.
  • Assessing and advising the Bank’s leadership on the financial implications of business strategies, decisions and assumptions.
  • Playing a leading role in mobilising resources for public and private interventions in coordination with the VPFCS.
  • Optimising the utilization of the Bank’s risk-bearing capacity between non-core (treasury) and core (lending) activities.
  • Developing financial policies that strengthen the Bank’s financial governance framework and monitoring compliance with policies, associated procedures and standards governing the management of all the Bank’s funds.
  • Driving the timely completion and presentation of financial statements and the Bank’s compliance with financial reporting and control requirements.
  • Monitoring compliance with corporate procurement and related guidelines, ensuring value for money in procurement activities across the Bank.
  • Ensuring appropriate risk mitigation for key elements of the Bank’s risk profile.
  • Leading the annual and multi-year budget planning and programming for the Bank. 


The role requires a dynamic leader who can provide operational and strategic direction, identify opportunities and issues, and communicate proactively to drive effective solutions. They will be seen as a “hands-on” CFO, providing leadership in all aspects of the Bank’s accounting, finance, treasury, resource mobilisation and administrative support functions. The CFO should have executive presence, high ethical standards and an uncompromising sense of integrity.

The ideal candidate should have:

  • A graduate degree in finance and/or business administration or related disciplines. 
  • A professional finance or accounting qualification such as ACCA, CA, CFA, CPA, CIPFA, CMA or CGA.
  • Current membership in a professional accounting or financial body.
  • Significant experience and track record of success in progressive financial leadership positions, with experience working at the executive level with Boards and Finance and Audit Committees.
  • Demonstrated record of successfully developing and executing financing and resource mobilisation strategies in a complex, multi-stakeholder organisation.
  • Comprehensive knowledge of capital and money markets, including treasury and investment functions, especially in relation to fixed income instruments.
  • Sound knowledge of the International Financial Reporting Standards, and a thorough understanding of risk operations within a financial environment.
  • Demonstrated skills and experience working within an ERP environment.
  • Good understanding of the operational environment of International Finance Institutions (IFIs).
  • The ability to:
    • Represent the Bank in key discussions with various stakeholders (investors, borrowers, rating agencies, shareholders and other development financing partners) on financial matters.
    • Lead, motivate and guide reporting staff.


The CFO should demonstrate a strong proficiency in the following organisational core competencies:

Acting as a Champion for Change – the ability to identify problems and opportunities for change; implement solutions where appropriate, maintain effectiveness when experiencing major changes in work tasks or the work environment; and support people in their efforts to try new things.

Acting Decisively

Moves quickly to make decisions and commits to a straightforward course of action; comfortable making decisions based on partial information; willing to take risks to maintain momentum; shows a strong bias toward action.

Championing Customer Needs

Calls attention to issues that impact customer satisfaction; views situations from customers' perspective; encourages people to think about customers when making decisions and develops and sustains productive customer relationships.

Developing Talent

Invests time and resources into building the capabilities of team members; helps people define career goals and establish development plans to achieve them; gives people constructive, developmental feedback and advice.

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.

Managing Performance

Clearly defines and communicates roles and responsibilities; holds people accountable for accomplishing objectives; recognises and rewards people who achieve results and deliver on performance expectations; provides effective feedback.

Managing Risk

Effectively balances risks and opportunities; thinks through potentially positive and negative outcomes; seeks ways to mitigate risks.

Setting a Strategic Vision

Identifies and articulates the strategic goals and direction of the company, Division, or group; establishes connections between short-term and long-term objectives and directions. Communicates the vision throughout the organisation through distinctive strategies, goals and action plans that maximise competitive advantage. Inspires and motivates entire Division (s) or Department (s) to adopt the vision.


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 December 17, 2023 at 11:59 pm AST. 

The Caribbean Development Bank is an equal opportunity employer and values diversity. We encourage all qualified candidates to apply regardless of their racial, ethnic, religious, cultural background, gender, sexual orientation, or disabilities. Women are strongly encouraged to apply.

The Bank provides reasonable accommodation to individuals with disabilities participating in the job application or interview process. Please contact us to request such accommodation.

We do our best to provide you the most accurate info, but closing dates may be wrong on our site. Please check on the recruiting organization's page for the exact info. Candidates are responsible for complying with deadlines and are encouraged to submit applications well ahead.
Before applying, please make sure that you have read the requirements for the position and that you qualify.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.