IDB2261 - Senior Legal Counsel

Business Unit: President Complex
Division: Legal
Department: Not Applicable
Contract type: Conditional Regular (Indefinite) Employment
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 11-Mar-2019
Role Purpose:

The role is responsible for carrying out a range of relatively complex legal assignments and providing senior level legal expertise and advice to the management and / or the Board of Directors on legal issues related to the IDB’s business activities, including administration, operations and financial activities of the bank (e.g., government regulations, contracts, property, taxes, labor), proactively identify related legal risks. Moreover, the jobholder represents the bank in relatively complex legal disputes.

KEY ACCOUNTABILITIES:

Legal services provision

  • Consults and handles corporate legal processes of high complexity in connection with public-sector transactions, operations’ policies and operations procurement, private-sector and other non-sovereign transactions, mobilization and management of the financial resources of the bank.
  • Provides senior level legal advice to management with respect to the administrative matters of the bank, human resources management, institutional procurement, corporate legal issues arising from the interpretation and application of various bank instruments and the preparation of Administrative Instructions.
  • Negotiates, reviews, drafts, clears and amends legal documents and arrangements of the Bank (i.e. corporate and project procurement contracts, financing agreements, co-financing agreements, syndication documents, equity and funds investment documents, treasury documents, term-sheets, waiver requests, host agreements for establishment of fields offices, MoUs and cooperation agreements, non-disclosure agreements, retainer documents, etc.).
  • Provides legal expertise, research and knowledge services to advance the bank’s Islamic Finance agenda and developmental mandate.
  • Provides legal services and technical assistance to Member Countries in connection with matters pertaining to the purpose, functions and activities of the Bank.
  • Participates in the definition and development of the legal corporate policies, procedures and programs and provide counsel and guidance on legal matters and on legal implications of all matters.
  • Ensures the bank’s compliance with applicable laws and regulations and keep abreast of legislative changes that may affect the bank and its affiliates.
  • Coordinates externals legal counsels engaged to represent IDB with respect to asserted claims or legal proceedings.
  • Acts as a secretariat to assist Staff Workplace Advisers (SWA) / Mediators and the Ombudsman in the performance of their services to the Bank.
  • Develops reports on projects and initiatives as per management requirements

Operational excellence

  • Keeps abreast of the latest developments, regulations and leading practices in the field and proposes any necessary actions.
  • Proposes and implements process improvements to increase efficiency, effectiveness and compliance of the related operations.
  • Provides necessary input for the preparation of the budget of the function and for the monitoring of actual expenditure against the approved budget. 
JOB REQUIREMENTS:
Academic qualifications
  • Bachelor’s degree in Law
  • Master’s degree in Law is preferred 

Required languages

  • English (mandatory).
  • Arabic (preferred).
  • French (preferred).

Minimum number of years and nature of experience

7-9 years of relevant experience in International / Islamic Banking and Finance, Project Finance, Trade Finance, International Finance, Corporate Law, Development and Public International Law.

Job specific competencies

  • Legal advisory
  • Legal drafting and contracting
  • Legal service delivery
  • Regional Law and Shariah Compliance Norms
  • MS Office
  • Negotiation skills
  • Client Centricity and Responsiveness
  • Work under pressure
  • Crisis management
  • Communication effectiveness (oral and written)
  • Vendor management
  • Adaptability
  • Analytical thinking
  • Problem solving
  • Attention to detail
  • Teamwork
Location: Jeddah, Head Office
Travel requirements:  20% or more depending on requirements 

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