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 an experienced counsel for the Financial Markets and Products Legal Team of the Legal Department based either in Kingston or Port of Spain, 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 full legal support to non-sovereign guaranteed operations throughout the entire transaction cycle, including origination, portfolio management, 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
As Legal Senior Associate your key responsibilities will be:
ยท Participate in project teams by providing expert legal advice in the origination, eligibility, due diligence, structuring, drafting, negotiation, documentation, closing, and disbursement of non-sovereign guaranteed lending, guarantee, and technical cooperation activities ranging in levels of complexity.
ยท Provide legal advice on moderate to portfolio administration matters, including amendments and waivers of financing documentation, as well as restructurings, workouts, and litigation relating to impaired assets.
ยท 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.
ยท Support the drafting and regular updating of model financing documentation.
ยท Identify creative legal solutions to effectively lead non-sovereign guaranteed operations ranging in levels of complexity.
ยท Work collaboratively with attorneys from other multilateral development institutions to address a broad variety of complex legal issues.
ยท Keep abreast of trends in legal issues across deals, making recommendations for newly standardized approaches and, updated practices accordingly.
ยท Maintain knowledge of industry and transactions including the preparation of lessons learned from projects.
ยท Provide legal and strategic advice on the development and interpretation of IDB Invest policies, procedures, and products.
ยท Deliver training on matters relevant to non-sovereign guaranteed operations.
ยท Coordinate the selection and supervision of outside counsel services in an efficient manner.
What you'll need
- Academic Degree: masterโs degree in law (Juris Doctor, LL.M., or equivalent degree) from an accredited university. Admission to practice law in at least one IDBG member country, with demonstrated knowledge and substantive legal experience in law.
- Experience: A minimum of 3 years of relevant professional legal experience is required after obtaining a law degree is required. Your experience should include at least one of the following areas of expertise:
Financial Intermediaries, Capital Markets, Structured Finance, and/or Supply Chain Finance.
โข Cross-border transactions: knowledge of as many as possible of the following financing instruments, loans, local public issuances, private placements, partial credit guarantees, securitizations, warehousing facilities, receivables purchase agreements, unfunded participation agreements, and other capital markets, structured finance, and supply chain finance structures across Latin America and the Caribbean.
โข Transaction management: structure, negotiate, draft and close complex transactions, encompassing various legal instruments, such as NDAs, term sheets, bond subscription agreements, offering memorandums and bond supplements, securitization agreements, receivables transfer agreements, unfunded participation agreements, policy rights agreements, among others.
In addition, your experience should include:
โข Development Financial Institution (DFI) experience: Understand the operational frameworks of the public sector and/or multilateral institutions (including their special governance, mandates, safeguards, practices) both for the compliance of internal governance and to ensure compliance of DFI policies during transaction negotiations. Professional experience in private sector law firms in the U.S. and Latin America and the Caribbean.
โข Jurisdictional Knowledge: Extensive experience navigating legal frameworks across multiple jurisdictions and managing due diligence processes.
โข Portfolio Management: Ability to provide comprehensive legal advice on both routine and intricate portfolio matters, including the sale and restructuring of transactions, while ensuring alignment with organizational objectives.
- Language Skills: Proficiency in English, spoken and written, is required. Additional knowledge of Spanish, Portuguese or French will be considered as a plus.
Requirements
โข Citizenship: Must be eligible to work in job location(s) without the need for sponsorship.
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
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 carefully reviews every application.
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