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International Law Specialist

3 weeks ago

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

Job Description:

The Islamic Development Bank is seeking an experienced International Law Specialist to join its team in Jeddah, Saudi Arabia. As a key member of the bank's legal department, you will provide expert advice on international law matters related to insurance operations, corporate services, and treasury transactions.

Key Responsibilities:

  • Legal Due Diligence: Participate in underwriting operations by providing legal assistance to stakeholders from the Underwriting Operations Department 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.
  • Insurance Operations: Ensure adherence to compliance requirements by Insurance operations and the support functions to identify gaps and recommend corrective steps, thus ensuring mitigation of operational risks.
  • Treasury Operations and Corporate Transactions: Support Treasury Function of the Finance and Treasury Department to conclude the Corporation's participation in various investment opportunities.
  • Documentation and Reporting: Documents and maintain legal notes for all legal cases related to reinsurance, claims, and recovery to facilitate easy reference for assistance in resolving any similar cases.
  • People Engagement Responsibilities: Work as a team and execute goals and key performance indicators in effective application of the ICIEC Performance and Development Review process.

Requirements:

Field of Study: Commercial Law or Banking and Finance Law
Academic Qualifications and Relevant Experience:
Experience E1: 3 years for Bachelor's degree holder and 1 year for Master degree holder
Nature of Experience: Prior experience in handling legal operations pertaining to insurance (underwriting, claims, recovery, and reinsurance), with a minimum of between 3 years (as applicable) of relevant experience preferably in Banking/Export Credit Insurance/International Trade/General Insurance or Legal practice
Professional Certifications (as applicable): License to practice law in at least one ICIEC Member State or any other renowned jurisdiction.
Business Language Skills: Good command of written and spoken English essential, additional languages such as Arabic, French is an added advantage