Division Manager, Legal Affairs Division

1 week ago


Jeddah, Saudi Arabia Islamic Development Bank Full time

JOB PURPOSE
The role holder is responsible for effectively guiding the legal operations for ICIEC by defining framework and guidelines governing all legal, claims, recovery, and compliance activities in ICIEC to always safeguard the interests of Corporation. The role holder shall provide legal counsel to Senior Management in all key and high-risk decisions, represents ICIEC in legal proceedings. The role holder shall provide guidance in legal due diligence involved for all treasury and insurance operations (underwriting, reinsurance, claims and recoveries) to ensure adherence to rules, regulations, guidelines, and compliance requirements in operating transactions, safeguarding ICIEC's interests. Manager, Legal Affairs Division (LAD) shall review and audit the transactions of ICIEC to ensure that such transactions are compliant with ICIEC’s rules and regulations and Shariah principles.
KEY RESPONSIBILITIES
**Strategic Responsibilities**
- Contributes to the development of ICIEC’s organization strategy and contributes to the overall process of management and corporate decision making along with other members of the Management Team.
- Directs and manages the LAD mandates, providing leadership and facilitating work processes in order to achieve high performance standards.
- Leads and monitors change in the LAD providing guidance and support, necessary for continuous improvement.
- Ensures compliance with organizational policies, procedures and quality standards in the LAD.

**Legal Framework**
- Defines and develops a legal framework for ICIEC in line with the overall risk management framework and regulatory guidelines in liaison with Chief Executive Officer.
- Acts as secretary to the Board of Directors to ensure necessary legal guidance is provided and timely legal measures are undertaken on all legal issues etc.
- Provides legal guidance as and when required on the interpretation of the Articles of Agreement, Operations Regulations, By Laws and other policies.
- Establishes policy framework and standards for ensuring the provision of high-quality legal services to the Corporation at all times.
- Creates long-term legal and compliance strategies and establishes related standards and procedures that support legal and operational compliance with all laws, regulations, policies and procedures.
- Institutionalizes processes and systemic checks and balances to ensure that the inherent compliance requirements are followed for all insurance and non-insurance (Finance, Legal, HR, etc.) transactions and communications.
- Identifies objectives, financial and operational business plans for the LAD in conjunction with the Chief Executive Officer to ensure alignment with overall organization objectives and business plans.
- Provides guidance from a legal perspective on all major decisions where the applicable law, regulations or facts of the case are ambiguous.
- Establishes and maintains partnerships with legal service providers across Member and Non-Member Countries in order to solicit expert legal advice and ensure representation.
- Represents ICIEC before the IsDB Group Shariah Board.

Legal Documents and Contracts
- Establishes guidelines and processes for development of all financial documents, drafting new insurance instruments, policy documents, regulatory, governmental and other contractual agreements to ensure that they are in compliance with the legal provisions and uphold the interests of ICIEC.
- Drafts proposed amendments to lCIEC Articles of Agreement, Operations Regulations, standards insurance policies and any other legal documents
- Provides legal advice and assists in drafting all contracts related to investment, procurement of services and assets, employment etc. for ICIEC to ensure adherence to legal framework and regulatory guidelines.
- Ensures documentation of all documents, agreements, policies, letters, etc. including certified copies obtained from various authorities in safe custody to comply with auditing guidelines and as reference for future transactions.
- Drafts, reviews and clears agreements and memoranda of understanding for the Senior Management at ICIEC.

**Legal Due Diligence**
- Participates in resolution of all complex issues/disputes involving Export Credit Agencies (ECAs), ICIEC partners or other external stakeholders involved in export and investment promotion in Member Countries.
- Undertakes missions to Member Countries to conduct meetings with local law firms to discuss and understand various strategic legal facets involved in the conducting business in the Member Country to ensure impact of regulatory laws in the Member Country is accounted for in insurance operations.
- Develops guidelines to identify risk of litigation in the policy and ensures adherence to these to mitigate risks and avoid managing claims or recovery litigation procedures.
- Guides and provides legal advice to the Claims and Recovery in all complex matters related to verification of claims or recovery f



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