Location
The position can be based in any of the following cities: Bogota (Colombia), Montevideo (Uruguay), Panamรก (Panama), Port of Spain (Trinidad and Tobago) or Sao Paulo (Brazil).
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
We are searching for a senior attorney for the position of Director, Financial Intermediaries in the Financial Markets and Products Legal Division (FML) of the Legal Department, focusing on the substantive areas referenced below.
Our Legal Department advises Management, the Board of Executive Directors and the Board of Governors on all legal matters relating to IDB Invest. As part of its functions, the Legal Department provides a full range of legal support on non-sovereign guaranteed operations throughout the entire transaction cycle, including origination, portfolio management, and workouts, and the development of new products. Also, we provide legal advice on all institutional and financial matters for IDB Invest, including governance, financial management, institutional integrity and administration of human resources.
What youโll do
Your main functions and responsibilities shall include the following, which involve different levels of expertise and complexity depending on your seniority.
- Lead and supervise the delivery of legal services in FML in connection with private sector and non-sovereign guaranteed transactions with financial intermediaries and financial markets. Oversee lending and guarantee transactions and technical assistance operations, including due diligence, structuring, negotiating, drafting, closing, portfolio administration, workouts, and restructurings of these transactions. Certain specialized products in financial markets and corporate transactions will be outside of the scope of responsibility and will be managed by a different team within FML.
- Lead, manage, mentor and assess a highly skilled, interdisciplinary and multi-cultural group of attorneys in the delivery of legal services, setting work expectations and goals, and providing timely feedback on performance and technical guidance to ensure consistent legal advice to client areas.
- In coordination with the Managing Director for FML, manage relationships with external legal counsel; supervise the selection and activities of external legal counsel retained to support on transactions in a cost-effective manner.
- Provide legal support with regard to a wide range of legal, policy, procedures, administrative and institutional matters related to private sector and non-sovereign guaranteed transactions.
- Provide strategic leadership on the formulation and updating of model documentation and other initiatives with a view to enhancing the delivery of legal services on transactions.
- Share knowledge within and outside the Legal Department, including through the organization of trainings, on a variety of subject matters to support the operational activities and foster the application of best practices.
- Work to develop innovative, high quality and effective legal solutions that meet business needs in a timely manner.
- Represent the Legal Department in management committees, meetings of the Board of Executive Directors and institutional initiatives.
- Coordinate with the other legal teams to ensure consistency in the Departmentโs delivery of legal services.
- Coordinate with other departments in IDB Invest and the IDB and leverage opportunities for synergies.
- Keep abreast of trends in legal issues and precedents across IDB Invest member countries and make recommendations for standardized approaches and updated strategies.
- Establish personal networks within IDB Invest and with external legal counsel and experts. Access and leverage relationships with external resources when appropriate.
- Work collaboratively with other attorneys from multilateral development institutions to address broad legal issues affecting all parties.
- Support the FML Managing Director in the annual resources planning for FML, including budget, and ensure an appropriate execution throughout the year, in alignment with IDB Investโs business plan and strategies.
What you'll need
- Education: An advanced Law degree (Juris Doctor, LL.M. or equivalent) from an accredited law school in an IDB Group (IDBG) member country, and admission to practice law in at least one jurisdiction in an IDBG member country.
- Experience: At least 10 years of experience as a senior attorney, preferably 12 years of relevant and progressive combined experience in financial intermediaries and financial markets, including relevant experience as a lead lawyer in private cross-border financing transactions, particularly in Latin America and the Caribbean. Must possess a strong understanding of client needs and challenges as well as deep knowledge of the legal environments within each of the different countries where IDB Invest conducts business. Prior experience acting in a similar role in a development bank, and an understanding of the operational frameworks of public sector and/or multilateral institutions (including their special governance, mandates, safeguards and human resources structures) highly desirable. Substantive legal experience in both common and civil law is essential.
- Language Skills: Excellent oral and written professional proficiency in English and Spanish is required. Knowledge of Portuguese and/or French is a plus.
Requirements
- Citizenship:
- National Staff: Must be eligible to work in job location(s) without the need for sponsorship.
- Education: An advanced Law degree (Juris Doctor, LL.M. or equivalent) from an accredited law school in an IDB Group (IDBG) member country, and admission to practice law in at least one jurisdiction in an IDBG member country.
- Third Country National Staff contract: Must not be a citizen or legal resident of the job location(s), nor of any country where residency or work authorization could be obtained without sponsorship. Additionally, citizenship or legal residency in such job location(s) must not have been renounced within the 12 months preceding the appointment to the IIC.
- 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
- National Staff, 36 months initially, renewable upon mutual agreement.
- Third Country National Staff, 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:
National staff:
-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.
-On-site position with the occasional flexibility of teleworking.
-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.
Third Country National Staff:
-A competitive compensation package, including an annual base salary expressed on a net-of-tax basis.
-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.
-On-site position with the occasional flexibility of teleworking.
-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.
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