La Banque Mondiale recruits 01 Legal Officer
La Banque Mondiale
Cairo, Egypte
Legal Officer
Job # : req17221Organization : IFCSector : LegalGrade : GFTerm Duration : 3 years 0 monthsRecruitment Type : Local RecruitmentLocation : Cairo,EgyptRequired Language(s) : EnglishPreferred Language(s) : Closing Date : 5/4/2022 (MM/DD/YYYY) at 11:59pm UTC 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 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. For more information, visit www.ifc.org.
The International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, promotes sustainable private sector development in emerging markets, helping to reduce poverty and improve people’s lives. The Legal Department of IFC (CLED), under the General Counsel and Vice President, Risk & Sustainability, 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 the delivery of IFC’s annual program of financing private sector projects in emerging markets, advisory services, as well as early stage engagements and pre-investment project development work to identify opportunities for private sector investments and creating markets (“Upstream”); project portfolio management (including jeopardy projects and projects in litigation); the delivery and design of structured finance products, sub-national lending, equity and quasi-equity, public-private partnerships, and investments in funds, as well as platform products; advising on corporate policy and operational matters; and (v) knowledge management and training. To support IFC’s growing activities in the Africa region, CLED is recruiting a qualified Legal Counsel to be based in Cairo, Egypt.
Roles and Responsibilities
The successful candidate should be able to work autonomously and exercise independent judgment on straightforward financing transactions in the financial and real sector and follow-on same paper investments with existing clients. This includes advising internal clients at the business development stage, Term Sheet stage, and drafting and negotiating the deal. Applicants should also be able to provide “second chair” support on more complex transactions with a senior colleague. Applicants should also be able to: • Oversee work produced by more junior staff in the legal department; • Handle portfolio work, including reviewing amendment and waiver documents and working on subsequent closings and disbursements; and • Update guidance and precedents and work on legal and IFC policy research. • Should be knowledgeable about the laws of at least one relevant jurisdiction in the region related to commercial and company law /banking and finance. • Should have demonstrated the competence needed to satisfactorily perform a variety of different and, at times, complex assignments to support the Legal Department. Research • Proficient in the use of varied legal research sources, i.e., information databases, internet services, library sources • Proven legal analytical skills, as demonstrated through research and analysis of a wide range of legal issues and the ability to present results/ recommendations clearly and concisely Productivity • Ability to advocate positions and explain them to internal and external clients • Ability to juggle a number of projects/ tasks at the same time Communication • Ability to defend IFC’s approach in its standard loan and equity clauses and has developed an approach for successful negotiations • Can effectively communicate corporate policies and objectives to internal and external clients • Able to handle communications and articulate instructions to local counsel and external parties and follow-up with the same with a view to finalize IFC positions including in terms of drafting documents Judgement • Handles tasks, noted above, in absence of primary counsel on an independent basis, with limited need for supervision • Demonstrated ability to apply good legal judgment in context of assignments Teamwork • Can interact effectively within the Legal Department and other departments • Able to participate in and contribute to departmental working groups and committees and training initiatives • Participates in corporate initiatives Mentoring • Actively promotes effective transfer of knowledge/skills • Provides guidance to more junior staff in the Legal Department
Selection Criteria
• Law degree from a recognized university and be admitted to practice law in at least one jurisdiction • A minimum of 3 years of experience working at an international law firm/institution or 4 years working at a local law firm, in each case dealing with cross border transactions • Independently, or with little supervision, take on straightforward transactions from start to finish, with the ability to work independently with IOs, external clients, and local counsel• Demonstrated commitment to core values, including excellence, mutual respect, collegiality, teamwork, diversity and inclusiveness, integrity, innovation, transparency and accountability.• Ability to advise business teams on standard legal questions • Ability to understand complex legal issues in loans and equity and able to articulate arguments and rationale for the same • Relevant language skills (according to need) • Ability to advise on advisory engagements • Ability to handle portfolio work • Effective communication and strong interpersonal skills
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.
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