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Senior Legal Counsel - Private Sector Operations
Job Title: Senior Legal Counsel - Private Sector Operations
Location: Côte d’Ivoire
Company: African Development Bank
Job Summary: Ensure compliance of projects and other operational activity with applicable Bank’s rules, policies, regulations and procedures.
Job Description: The role of the General Counsel and Legal Services Department is to deliver legal advice and services to the statutory organs of the Bank group (the Bank), namely to: the Boards of the Bank, Senior Management, Directorate General Hubs and, more generally, to the whole Bank. Furthermore, the Department protects the interest of the Bank from legal liability and, as necessary, provides legal defence in cases filed against or brought by the Bank. The principal objectives of the Private Sector Operations Division are to handle private sector and other non-sovereign transactions and support the work of the Bank regarding the private sector and the financial sector as well as special operations. These transactions comprise principally non-sovereign loans, guarantees, project finance transactions, syndicated loans, private equity and trade finance, amongst others. THE POSITION: The Private Sector Operations Division is seeking a Bilingual Senior Legal Counsel (working languages: English and French). The Senior Legal Counsel in charge of Private Sector Operations will ensure the correct interpretation of, and compliance with, the various policies, guidelines and regulations applicable to private sector and non-sovereign operations of the Bank. The incumbent will ensure compliance of projects and other operational activity with applicable Bank’s rules, policies, regulations and procedures. Duties and responsibilities Under the supervision and guidance of the Division Manager, the Senior Legal Counsel – Private Sector Operations will: Conduct legal due diligence on proposed transactions such as the review of project documents and agreements (including development or construction contracts, supplier agreements, concession agreements, joint venture agreements, management agreements and shareholders’ agreements etc.), constitutive documents of proposed borrowers/investee funds and review of local regulatory requirements; Attend meetings of the Board of Directors and Senior Management committees directly related to the functions of the incumbent and provide any legal clarifications or assistance that may be required; Liaise and collaborates with staff in the private sector operations, finance and environmental and social complexes to develop the appropriate terms and conditions of each transaction, ensuring compliance with Bank’s policies; Participate in project appraisal missions and reviewing project concept notes, project appraisal reports, drafting board resolutions; Draft and/or reviews, negotiates and finalizes all legal documentation (in English and/or in French, as the case may be) relevant to the proposed transaction, including term sheets, loan agreements, lines of credit agreements, common terms agreements, guarantee agreements, participation agreements, inter-creditor agreements, security documentation, assignment agreements and information memoranda etc., depending on the nature of the project and the type of financing; Advise on transaction structure and documentation for private equity investments by the Bank to ensure compliance with Bank policies and practice as well as applicable laws including drafting and/or reviewing shareholders agreements, partnership agreements, management agreements, co-investment agreements, subscription agreements etc Provide legal support for the implementation and monitoring of projects after signing and disbursement, including advising on waiver requests, approval requests and project work-outs; Liaise with co-lenders/investors, partners and external counsel as and when needed.
Requirements: Hold at least a Master's degree or its equivalent in Law, and admission to the Bar of one of the African Development Bank member countries; or a Juris Doctor (JD) and admission to the Bar of one of the African Development Bank member countries (preferably to the Bar of a francophone country or other civil law country). 2. Have a minimum of five (5) years of relevant experience in similar jobs, preferably with a reputable international law firm, a legal department of a private or public entity, or an international financial institution with proven technical competence and experiences in international finance and banking practice. 3. High level skills in communication and negotiation as well as the ability to build partnerships with a broad range of clients and deliver results that meet the needs of the Legal Service Department’s work program 4. Seasoned knowledge in the current trend of development and familiarity with international law, and related matters within the Bank and other international organizations. 5. Strong skills in preparation of complex legal documents including briefs and confidential legal opinions, preparing certificates, leading the negotiation of complex projects and programs and other transactions of a similar nature. 6. Capacity to conceive and supervise the negotiation of complex legal documents of all manners and form that balances the standards and norms of outside parties with the unique requirements of the Bank. 7. Experience in applying legal knowledge to deliver full scope of strategic Legal services. 8. Effective consulting and advisory skills that enable clients and help resolve their legal questions. 9. Ability to work and deal with sensitive issues in a multi-cultural environment and to build effective working relations with colleagues. 10. Ability to communicate effectively (written and oral) in both English and French languages is mandatory. 11. Competence in the use of standard Microsoft Office Suite applications; knowledge of SAP is an added advantage.
How to apply: Applicants who fully meet the Bank's requirements and are considered for interview will be contacted. Only online applications submitted with a comprehensive Curriculum Vitae (CV) and copies of the required degrees will be considered. The President, AfDB, reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer. Female candidates are strongly encouraged to apply. www.afdb.org
Closing Date: 19/09/2018
Additional information: To apply for this position, you need to be national of one of AfDB member countries.
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