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Senior Legal Counsel

2 months ago

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

As a Senior Legal Counsel at the Islamic Development Bank, you will play a critical role in providing senior-level legal expertise and advice on complex legal issues related to the Bank's business activities. This includes public and private sector financings, special and trust funds, contract management, government regulations, and contractual agreements. You will be responsible for proactively identifying related legal risks and implementing mitigation measures to ensure the Bank's compliance with applicable laws and regulations.

Key Responsibilities
  • Legal Services Provision
  • Independently consult and handle legal operations matters of high complexity in connection with public sector transactions, operational policies, and operations procurement, private-sector and other non-sovereign transactions, special and trust funds, resource mobilization.
  • Assist the direct report in coordinating with the Shariah Unit to ensure that all legal documents are in compliance with Shariah principles.
  • Negotiate, review, draft, clear, and amend legal documents and arrangements of the Bank, including project procurement contracts, financing agreements, co-financing agreements, syndication documents, funds documents, term-sheets, waiver requests, MoUs, and cooperation agreements.
  • Provide legal expertise, research, and knowledge services to advance the Bank's Islamic Finance agenda and developmental mandate.
  • Provide legal services and technical assistance to Member Countries in connection with matters pertaining to the purpose, functions, and activities of the Bank.
  • Participate in the conceptualization and development of operations legal policies, procedures, and programs, and provide counsel and guidance on legal matters and on legal implications of all matters.
  • Ensure that the Bank complies with applicable laws and regulations and stay up-to-date with legislative changes that may affect the Bank and its affiliates.
  • Act as a secretariat to assist Staff Workplace Advisers (SWA) / Mediators and the Ombudsman in the performance of their services to the Bank.
Operational Excellence & Knowledge Sharing
  • Stay abreast with the latest developments, regulations, and leading practices in the field and propose necessary improvements.
  • Propose and implement process improvements to increase efficiency, effectiveness, and compliance of related operations.
  • Provide necessary inputs in the preparation of the department budget and support in monitoring of actual expenditure against the approved budget.
  • Support in the preparation and submission of periodic reports as per management requirements.
Requirements
  • Bachelor's degree in Law.
  • Admission to the bar (or diploma to practice law) of a Member Country or any other jurisdiction acceptable to the Islamic Development Bank.
  • Minimum 8 years of relevant experience in International / Islamic Banking and Finance, Project Finance, Trade Finance, International Finance, Corporate Law, Development, and Public International Law.
  • Master's degree / PhD in relevant field is preferred.
  • Master's degree in Law is equivalent to 2 years of experience.
  • PhD's degree in Law is equivalent to 4 years of experience.
Skills & Necessary Knowledge
  • Legal advisory
  • Legal drafting and contracting
  • Legal service delivery
  • Regional Law and Shariah Compliance Norms
  • Negotiation skills
  • Ability to work under pressure
  • Crisis management
  • People management
  • Analytical thinking
  • Problem solving
  • Attention to detail
  • MS Office skills.