Counsel - Integrity (Global and Corporate)

Contract

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

Counsel - Integrity (Global and Corporate)

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.

Some of IFC’s recent global investments include:

• A US$600m risk sharing facility in partnership with HSBC, to support trade finance for Emerging Market Issuing Banks to help the flow of critical goods to regions in Latin America, Central Asia, the Middle East, and Africa, that continue to face financing challenges as a result of COVID-19 and ongoing geopolitical disruptions.

• A US$90m investment in Elemental, a leading global player in the recycling of the platinum-group-metals and e-waste value chain, to finance its expansion in developed and emerging markets and downstream projects.

• IFC’s Workforce Platform, to address various and evolving employment-related challenges that clients in manufacturing, agribusiness and services industries globally face when managing their workforce, focusing on workforce productivity and operational efficiency and gender and inclusive workplaces..

In FY22, IFC had a record-breaking year, despite the global COVID pandemic, with total commitments of $32.8 billion, including $23.1 billion in long term financing and $9.7 billion in short term financing.

What We Do:

IFC’s Business Risk and Compliance Department (CBR) supports IFC’s business teams by helping to mitigate certain risks that may occur in IFC financings and advisory projects. One of these is “integrity risk” – corruption, fraud, economic sanctions, litigation, criminal activity/history, politically exposed persons, opaque ownership structures – any of which can affect the integrity of an IFC project, or adversely impact IFC’s reputation as the preeminent international organization operating in the private sector. IFC business teams conduct integrity due diligence (IDD) to identify integrity risks and CBR supports that effort by providing legal and practical advice on managing and mitigating those risks and lessening their impact when they arise. Integrity risks are increasing in legal complexity and require more crisis management expertise, as IFC is exposed to increased risk arising from a strategic shift to riskier markets.

What You'll Be:

• An Integrity Counsel focusing on due diligence and other advice on Global projects and Corporate Operations, based in Washington DC

• A liaison between CBR/IFC and the WBG Sanctions System

• Providing support to CBR management on specific subject matter areas, such as Russia/Belarus sanctions and WBG Sanctions System-related matters

• Providing support to CBR management on integrity-related crisis management

• A strategic partner to IFC Operations and business teams (investment, advisory and corporate operations)

• A visible, vocal and influential champion for the proper management of integrity issues

• Reporting to the Principal Counsel – Head, Integrity Risk, who leads the Integrity unit in CBR.

What You’ll Do:

You’ll advise IFC Operations and business teams with an independent voice on all core aspects of integrity risks as they impact IFC’s clients, partners, transactions and new products/initiatives for Global projects, as well as Corporate Operations (e.g., treasury, mobilization, trust funds) to include:

• Evaluating integrity and reputational risks, making recommendations, and providing solutions to mitigate risk

• Employing knowledge, expertise, and sound judgment to address IFC’s unique integrity risk profile

• Developing integrity standards across all sectors in which IFC works.

You’ll provide legal advice to IFC Operations and business teams and IFC Management on integrity-related matters in transactions, new products/initiatives, and IFC Operations generally, including on the following subjects:

• International and national anti-corruption/bribery laws and regulations (e.g., FCPA, UK Bribery Act, etc.)

• Economic sanctions (such as the UN, EU, UK, and US regimes) and other international trade sanctions and export controls

• Crisis management and legal advice related to significant integrity legal matters, including potential or actual litigation or involving complex legal issues

• Matters referred by IFC to the WBG Sanctions System

• International standards and guidance relating to the intersection of integrity and AML/CFT laws and regulations

• Other integrity-related laws/regulations and legal issues that arise in IFC business

• The legal workings of the WBG Sanctions System

You’ll also provide legal and non-legal advice to CBR Management on:

• Key significant and timely integrity issues (e.g., Russia/Belarus sanctions, forced labor, etc.); you will serve on any working groups in relation to the same as appropriate

• Crisis management issues that arise with respect to IFC transactions

• WBG Sanctions System matters, including serving as an IFC liaison to INT and supporting the provision of advice to IFC Management on the Sanctions Advisory Committee.

You’ll also provide legal advice to Operations and business teams and IFC Management on integrity-related contractual provisions, to include:

• Reviewing current integrity-related provisions in IFC legal agreements.

• Drafting new integrity-related provisions in IFC legal agreements and bespoke legal provisions in IFC financing documents.

• Negotiating with clients to build out contractual protections on integrity-related matters.

• Advising on integrity-related provisions for legal documentation relating to new products/initiatives.

• Drafting disclosures for Board papers.

Selection Criteria

• Juris Doctorate (JD), Bachelor of Laws (LLB) or equivalent

• At least 8 years of working experience including a minimum of 5 years providing legal advice on business integrity-related matters (such as anti-corruption laws, economic sanctions, AML/CFT etc) and/or international business transactions or litigation including experience advising on the foregoing

• At least 3 years of working experience at a multilateral development bank or international organization

• Law firm experience is a plus

• Hands-on litigation and crisis management experience is a plus

• Working familiarity with laws and regulations, industry and international standards at the intersection of integrity and AML/CFT is a plus

• Familiarity and fluency with data analytics and reporting

• Experience with data analytics, data technology and data risk management

• Experience presenting engaging workshops and trainings to staff and management at all levels

And Tackling All of the Above With:

• Highly developed technical skills with solid judgment

• Ability to work independently and demonstrate sound judgment on what to escalate

• Clear, concise, and cogent writing skills and ability to provide concrete recommendations

• Ability to build effective client relationships

• Genuine commitment to sharing knowledge and expertise

• Diplomacy and ability to work with individuals from diverse cultures and backgrounds

• Highly personal integrity, strong values, and ethics.

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.