We improve lives
IDB Invest is the private sector arm of the IDB Group and an international financial institution committed to addressing the development needs of Latin America and the Caribbean. Our mission is to support sustainable enterprises and projects that deliver financial results while maximizing social and environmental impact in the region.
IDB Invest operates in 26 countries, structured across four geographic regions and three industry verticals: Infrastructure and Energy, Financial Intermediaries, and Corporates.
In support of a new transformative business model โOriginate to Shareโ our shareholders recently approved a $3.5 billion capitalization. This will allow IDB Invest to significantly scale up its investments, nearly doubling annual financing from approximately $8 billion to $19 billion, and unlocking greater private sector participation to drive development and climate impact across the region.
About this position
The IDB Invest Legal Department (GCL) is seeking highly qualified and motivated professionals to work in our Institutional and Corporate Legal Affairs Division (GCL/ICL), focusing on the substantive areas referenced below. \\
โOur department advises all of the governance bodies of IDB Invest; a multilateral development bank organized as an international organization owned by 48 member countries. As part of our functions, we provide a full range of legal support to IDB Investโs mission of promoting the economic development of our Latin American and Caribbean developing member countries, by investing in private sector companies. The Institutional and Corporate Legal Affairs (ICL) Division provides legal advice on all institutional, corporate and financial matters for IDB Invest. Our broad portfolio includes advice on the rights and obligations of member countries; the relationship with other international organizations, including the relationship with the IDB and IDB Lab, which are part of the IDB Group; financial management and capital markets transactions to fund our operations; resource mobilization; administration of human resources; data privacy, intellectual property, information technology and general corporate matters; compliance, litigation, and many other matters of strategic importance to IDB Invest.โ
What youโll do
As Lead Counsel or Senior Counsel, the following will be your key responsibilities to:
- IDB Invest Constituent Documents: Provide legal advice on IDB Investโs basic documents, including the Agreement Establishing the Inter-American Investment Corporation, an international treaty, and on issues including the rights and obligations of member countries, capital subscriptions, issues of governance, and related policy initiatives.
- Institutional Matters: Provide legal advice on institutional matters, such as privileges and immunities, regulatory issues, the structure, functions and procedures of the Board of Governors, Board of Executive Directors and IDB Invest Management Committees, and strategic institutional initiatives and policies.
- Financial Management: Provide legal advice in relation to financial management and treasury operations, including the implementation of IDB Investโs borrowing program in the international capital markets, derivatives transactions, negotiation of ISDA Agreements, disclosures, financial reporting to investors and interaction with regulatory authorities.
- Resource Mobilization and Cooperation Arrangements: Provide legal advice related to the establishment of trust funds and agreements for co-financing and other resource mobilization and cooperation initiatives.
- Human Resources Administration: Provide legal advice on the design and implementation of personnel policies, including contract modalities and benefits; administration of IDB Invest personnel in IDBG Country Offices; administration of employee benefit trusts, including the Staff Retirement Plans; employee conduct and ethics; and the employee grievance system.
- Information Technology and General Corporate Matters: Provide legal advice on IDB Invest procurement matters, information technology, intellectual property and data privacy; draft, review and negotiate legal agreements with vendors, suppliers and sponsors.
- Litigation and Special Assets: Provide legal advice and support on private sector loan and guarantee transactions, with a focus on troubled assets, including restructurings, bankruptcies, workouts, litigation, and portfolio administration.
- Support in institutional and corporate projects and initiatives, as needed.
- Keep abreast of trends in legal issues and precedents across IDB Invest member countries and make recommendations for newly standardized approaches and updated practices accordingly.
- Oversee the selection and supervision of outside counsel services in a cost-effective manner.
In addition, as Lead Counsel, your key responsibilities will include:
- Undertake the above responsibilities with increasing levels of complexity, autonomy, and subject-matter expertise, as required by the nature of the assignments.
- Lead and coordinate institutional and corporate projects and initiatives, representing GCL or IDB Invest, as needed.
- Promote knowledge sharing and innovative products and services with relevant stakeholders across IDB Invest.
- Supervise the work of other attorneys and provide coaching and mentoring to other team membersas appropriate.
What you'll need
Education: Masterโs degree in Law (e.g., Juris Doctor, LL.M., or equivalent) from an accredited university, plus admission to practice law in at least one jurisdiction of an IDB Invest member country.
Experience: A minimum of 6 years of relevant experience is required for the Lead Counsel level, and at least 5 years of relevant experience for the Senior Counsel level.
Language Skills: Pro๏ฌciency in Spanish and English, spoken and written, is required. Additional knowledge of Portuguese or French is preferable.
Requirements
โข Citizenship:
- National Staff: Must be eligible to work in job location(s) without the need for sponsorship.
- International Staff - HQ: There are no citizenship requirements
โข Consanguinity: You have no family members (up to the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.
Type of contract and duration
Type of contract: International or National Staff Contract.
Length of contract: 36 months initially, renewable upon mutual agreement.What we offer
The IDB Group provides benefits that respond to the different needs and moments of an employeeโs life. These benefits include:
-A competitive compensation package
-Leaves and vacations: 24 days of paid time off + 8 personal days + sick leave + gender-neutral parental leave
-Health Insurance: IDB Group provides employees and eligible dependents with a robust medical benefits program that covers medical, dental, vision, preventive care, and prescription drugs.
-Pension plan: defined benefit pension plan that provides financial security and support employees in planning for their future.
-Hybrid and flexible work schedules.
-Health and well-being: Access to our Health Services Center that provides preventive care and health education for employees.
-Development support: We offer tools to boost your professional profile, such as mentoring, 1:1 professional counseling, training and learning opportunities, language classes, mobility options, among others.
Our culture
At the IDB Group, we work so everyone brings their best and authentic selves to work while finding their purpose. Our people consistently strive for excellence, and we recognize and celebrate the impact of their contributions.
In our efforts to drive innovation, we intentionally include all voices, cultivate a sense of belonging and champion fairness. We welcome individuals from underrepresented groups to join us and share their unique perspectives.
We ensure that individuals with disabilities are provided reasonable accommodations to participate in the job interview process. If you require an accommodation to complete this application, please email us at accommodations@iadb.org.
Our Human Resources Team carefully reviews every application.
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