Chief Legal Counsel, PGCL3

Niveau : PL3

Poste n° : 50000661

THE POSITION:

The Chief Legal Counsel – Finance Division ensures the correct interpretation of, and compliance with the various policies, rules and regulations of the Bank in the mobilization, investment and management of the financial resources of the Bank.

KEY FUNCTIONS:

Under the supervision and guidance of the Division Manager PGCL 3, the Chief Legal Counsel – Finance Division will:

1. Attend meetings of the Boards 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.
2. Ensure that the mobilization, investment and management of the Bank's financial resources comply with applicable Bank rules and policies.
3. Support and advise the Bank's Treasury in the negotiation and drafting of documentation to effect Bank borrowings in the international capital and money markets, and draft or review all legal documents required for the implementation of the Bank‘s borrowing strategy and capital markets transactions.
4. Prepare and review legal documentation for the Bank Group's derivatives, investment and other risk management transactions, negotiate relevant master agreements and draft and review individual transaction documents.
5. Advise on the legal aspects of cash management, bank account agreements, anti-money laundering initiatives, and contracts for the custody or investment of the liquid assets of the Bank Group.
6. Draft and review legal documents concerning membership and subscription to the Bank's capital, contributions to the Fund and the creation of trust funds, special funds and other partnership arrangements.
7. Provide legal advice on the Bank's and the Fund's General Authority on Asset and Liability Management, policies, regulations and directives and participate in the work of the Bank's Asset and Liability Management Committee and its working groups.
8. Issue legal opinions on regulatory, institutional and financial issues arising from the interpretation and application of the Agreements establishing the Bank and the Fund and Bank Group policies falling with the remit of PGCL.3, and propose and design appropriate amendments to these instruments.
9. Support and advise the Bank Group Chief Risk Officer and Asset-Liability Management Committee and senior management on the legal aspects of balance sheet optimization activities undertaken by the Bank Group.
10. Provide legal advice and assistance through the Division Manager to the Bank and its operating organs on all matters of finance, investments and reporting obligations to internal and external authorities.
11. Assist the Division Manager in the selection of external counsel to represent the interests of the Bank.
12. Provide legal advice on matters relating to investments and financial transactions of the Staff Retirement Plan.
13. Handle certain legal issues of a complex and confidential nature in accordance with the instructions from the Division Manager or the General Counsel.
14. Assist the Division Manager in the supervision and coaching of junior consultants, newly recruited counsel and other counsel, as directed.
15. Undertake such other assignments as may be required in furtherance of the Department's mandate.

COMPETENCIES (skills, experience and knowledge):

1. 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) degree and admission to the Bar of one of the African Development Bank's member countries.
2. A minimum of seven (7) years of relevant experience in similar positions, preferably with a reputable international law firm, the 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. Seasoned knowledge of the current trends in the area of sustainable international development, coupled with familiarity with international law, and related matters as they are applied within the Bank Group and other international organizations.
4. Strong skills in the negotiation and preparation of complex legal documents, and the ability to balance the standards and norms of outside parties with the unique requirements of the Bank Group.
5. Effective advocacy and advisory skills that help resolve client legal concerns.
6. Ability to work and deal with sensitive issues in a multi-cultural environment and to build effective working relations with colleagues and clients.
7. Excellent communication skills (written and oral) in English and/or French, preferably with a working knowledge of the other language.
8. Having private sector experience would be an added advantage.

Conditions:

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