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 Counsel โ Staff position for the Corporate and Infrastructure Legal Division of the Legal Department at one of the IDB Group Country Offices in the Region, 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 to 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.
- Participate in project teams by providing expert legal advice in the origination, eligibility, due diligence, structuring, drafting, negotiation, documentation, closing and disbursement of NSG lending, guarantee and technical cooperation activities ranging in levels of complexity.
- Provide legal advice on moderate to complex portfolio administration matters, including amendments and waivers of financing documentation, as well as restructurings, workouts and litigation relating to impaired assets.
- Coordinate cross-functionally with Investment Officers as well as Credit Risk, Environmental, Social and Governance, and Portfolio Management groups to ensure effective and efficient deal and post-deal execution.
- Support the drafting and regular updating of model financing documentation.
- Identify creative legal solutions to effectively lead NSG operations ranging in levels of complexity.
- Work collaboratively with attorneys from other multilateral development institutions to address a broad variety of complex legal issues.
- Keep abreast of trends in legal issues across deals. Promote knowledge sharing and creative products and services with relevant stakeholders across IDB Invest.
- Provide legal and strategic advice on the development and interpretation of IDB Invest policies, procedures and products.
- Support the delivery of trainings on matters relevant to NSG operations.
- Coordinate the selection and supervision of outside counsel services in a cost-effective manner.
What you'll need
- Academic Degree/Level: You hold a Law degree (Juris Doctor, LL.M., or equivalent degree) from an accredited university and admission to practice law in at least one IDBG member country. You have knowledge and substantive legal experience in both Civil and Common law systems.
- Experience: You have at least 4+ years of relevant professional legal experience as an attorney since earning a law degree.
- Language Skills: You are proficient (oral and written) in at least 2 official languages of IDB Invest (English, Spanish, Portuguese and French), with knowledge of Spanish or Portuguese preferred.
In addition to the above, you should have demonstrated professional experience in complex cross-border commercial transactions in one of the following areas:
- Energy and infrastructure project finance, including power, transport, water and/or social infrastructure projects; and/or
- Corporate finance transactions in the agribusiness, manufacturing, telecommunications and/or tourism sectors.
Requirements
โข Citizenship: You are either a citizen of one of our 48-member countries with residency or legal permit to work in the country for Post of Duty.
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
Staff: National staff 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 reviews carefully every application.
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