Senior Corporate Lawyer

2 weeks ago


Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

As a Senior Corporate Lawyer at the Islamic Development Bank, you will be responsible for providing expert legal guidance on all matters related to insurance operations, corporate services, and treasury transactions. Your role will involve participating in legal due diligence processes, reviewing complex issues related to underwriting, and drafting various legal documents to ensure compliance with Shariah principles.

About the Role
  1. You will work closely with the Underwriting Operations Department to provide legal assistance on all matters, issues, and problems related to legal assessment and evaluation of buyer/importer/Member State and the implementation of insurance policies and contracts.
  2. Your responsibilities will also include participating in legal evaluations of various documentation involved in underwriting and policy administration (commercial and sovereign) transactions to analyze legal risks and provide inputs to underwriters.
  3. You will draft, review, or revise various legal documents, contracts, and agreements from a legal standpoint to safeguard the interests of the ICIEC.
  4. You will analyze and evaluate the legal impact of major decisions where applicable law, regulations, or facts of the case are ambiguous.
  5. You will ensure adherence to compliance requirements by Insurance operations and support functions to identify gaps and recommend corrective steps, thus ensuring mitigation of operational risks.
Required Skills and Qualifications
  • A minimum of 3 years of experience in handling legal operations pertaining to insurance (underwriting, claims, recovery, and reinsurance), preferably in banking/export credit insurance/international trade/general insurance or legal practice.
  • A Bachelor's degree in Commercial Law or Banking and Finance Law, or equivalent qualifications.
  • Prior experience in drafting, reviewing, or revising legal documents, contracts, and agreements is essential.
  • A good command of written and spoken English is required; additional languages such as Arabic or French are an added advantage.

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