Counsel

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IFC - International Finance Corporation

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Application deadline 1 year ago: Friday 13 Jan 2023 at 23:59 UTC

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This is a World Bank Group grade: GG contract. More about World Bank Group grade: GG contracts.

Counsel

Description

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org

The Legal Department of IFC (CLED), under the Vice President and General Counsel, is responsible for providing legal and policy advice to the IFC Board, its Management and client departments on operational, advisory and corporate matters. Specifically, CLED supports client departments in (i) the delivery of IFC’s annual program of financing private sector projects in emerging markets; (ii) project portfolio management (including jeopardy projects and projects in litigation); (iii) the delivery and design of structured finance products, sub-national lending, equity and quasi-equity transactions; (iv) advising on corporate policy and operational matters; and (v) knowledge management and training. To support IFC’s growing activities, CLED is recruiting a qualified Legal Counsel, to be based in Washington, DC.

Duties and Accountabilities:

• Provide advice and support to investment clients, in particular the Special Operations department, with a focus in the areas of debt rescheduling, restructurings and workouts, bankruptcy and insolvency, litigation, and project and corporate finance generally • Assume primary lawyer responsibility for new and portfolio projects, with an emphasis in investments that are in jeopardy • Advise business colleagues on the selection of outside counsel, managing outside counsel and legal cost as appropriate • Assist with assessing and enhancing litigation risk management systems and procedures as appropriate • Obtain and expand knowledge, experience and best practices arising from lessons learnt from doing business in the areas mentioned above and effectively sharing this knowledge.

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org

The Legal Department of IFC (CLED), under the Vice President and General Counsel, is responsible for providing legal and policy advice to the IFC Board, its Management and client departments on operational, advisory and corporate matters. Specifically, CLED supports client departments in (i) the delivery of IFC’s annual program of financing private sector projects in emerging markets; (ii) project portfolio management (including jeopardy projects and projects in litigation); (iii) the delivery and design of structured finance products, sub-national lending, equity and quasi-equity transactions; (iv) advising on corporate policy and operational matters; and (v) knowledge management and training. To support IFC’s growing activities, CLED is recruiting a qualified Legal Counsel, to be based in Washington, DC.

Duties and Accountabilities:

• Provide advice and support to investment clients, in particular the Special Operations department, with a focus in the areas of debt rescheduling, restructurings and workouts, bankruptcy and insolvency, litigation, and project and corporate finance generally • Assume primary lawyer responsibility for new and portfolio projects, with an emphasis in investments that are in jeopardy • Advise business colleagues on the selection of outside counsel, managing outside counsel and legal cost as appropriate • Assist with assessing and enhancing litigation risk management systems and procedures as appropriate • Obtain and expand knowledge, experience and best practices arising from lessons learnt from doing business in the areas mentioned above and effectively sharing this knowledge.

Selection Criteria

• Graduate or Post-graduate degree in law (J.D, L.L.M., PhD, or equivalent), and must be qualified to practice law in at least one jurisdiction; At least 8-10 years preferred practicing law with demonstrated work experience in debt restructurings, workouts, bankruptcy and insolvency, litigation and dispute resolution in the context of workouts, in cross border transactions with a well-recognized law firm and/or an international financial institution or bilateral development institution; experience working with MDBs a plus • Ability to handle independently complex corporate and commercial transactions (including in particular secured lending, corporate and project finance, debt restructurings, and equity investments/divestments); • Willingness to assume multiple roles and tasks to meet changing business needs with an ability to foresee, troubleshoot and effectively resolve conflicting issues and challenges • Ability to assess risk in a practical and responsible manner and make fair, well-reasoned, independent and transparent decisions • Excellent interpersonal skills, ability to deal with sensitivity in a multicultural environment and to build effective working relations with clients and colleagues across the Corporation • Excellent communication skills • Ability to work in a fast-paced environment with quick turnaround expectations • Willingness to travel • Professional integrity and sound judgment in handling confidential information • Demonstrates commitment to core values, including excellence, mutual respect, collegiality, teamwork, diversity and inclusiveness, integrity, innovation, transparency and accountability.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

Added 1 year ago - Updated 1 year ago - Source: worldbank.org