LEGFI - GF Counsel
Apply NowCompany: The World Bank Group
Location: Washington, DC 20011
Description:
LEGFI - GF Counsel
Job #:
req30828
Organization:
World Bank
Sector:
Legal
Grade:
GF
Term Duration:
4 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
1/12/2025 (MM/DD/YYYY) at 11:59pm UTC
Description
Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges.The World Bank Group (WBG) is one of the world's largest sources of development assistance and global expertise for developing countries. WBG consists of five institutions that specialize in different aspects of development: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), which together form the World Bank: the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). For additional information, please visit http://www.worldbank.org
With twin goals of ending extreme poverty and promoting shared prosperity, the WBG works in more than 100 developing economies to improve living standards and to fight poverty. For each of its clients, the WBG works with government agencies, nongovernmental organizations, and the private sector to formulate assistance strategies. A network of offices worldwide delivers the programs in countries, liaises with governments and civil society, and works to increase understanding of development issues. The World Bank is owned by 189 member countries whose views and interests are represented by a Board of Governors and a Washington, DC-based Board of Directors. With more than 150 offices worldwide, the WBG works with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges.
The World Bank Group is one of the world's largest sources of funding and knowledge for developing countries. It uses financial resources and extensive experience to help our client countries to reduce poverty, increase economic growth, and improve quality of life. To ensure that countries can access the best global expertise and help generate cutting-edge knowledge, the World Bank Group is constantly seeking to improve the way it works. Key priorities include delivering measurable results, promoting openness and transparency in development, and improving access to development information and data.
Legal Vice Presidency. In the context of the World Bank's broad development agenda, the Legal Vice Presidency (LEG), under the Senior Vice President and Group General Counsel (SVP-GC), is responsible for providing legal advice and support to internal and external Bank clients on operational, advisory, financial, administration, and institutional matters.
Corporate Finance Practice Group (LEGFI):
The Corporate Finance Practice Group provides legal, policy, and governance advice to the World Bank's finance units, including the Chief Financial Officer and the following Vice Presidencies: Treasury, Chief Risk Officer, Finance and Accounting, and Development Finance. LEGFI handles the legal aspects of the Bank's market facing activities in capital markets and asset management, as well as the financial and legal structuring of the Bank's client-facing financial products and services.
The Counsel will be part of the Financial Products and Services team within LEGFI, which works on projects that involve creating new financial products and services for World Bank clients in respect of loans and other financing mechanisms, as described in more detail below. LEGFI is involved in developing and structuring these proposals, working with both finance and operational teams. Frequently these projects involve a wide range of functions that span multiple Vice Presidencies within the Bank. The Counsel will also have the opportunity to work on a variety of other initiatives, including asset management and banking matters.
LEGFI invite qualified candidates to apply for a Counsel position based in Washington, D.C.
Responsibilities and Accountabilities:
The position requires rigorous analytical skills, as well as a demonstrated ability to work harmoniously in a team and to exercise good judgment. The level and quality of these skills will be a determining factor in the selection for the position, and references will be given serious consideration in this determination.
Specifically, the Counsel will work with Senior Counsels and other Counsels in the Financial Products and Services team on a day-to-day basis, and will be expected to: Develop and prepare new (and iterate existing) World Bank financial policies, products and mechanisms, including in respect of financial terms and conditions related to loans, contingent finance mechanisms, and other development finance instruments.
Draft, coordinate and provide inputs towards conceptual frameworks and/or bespoke transactions aimed at leveraging and/or preserving the World Bank's balance sheet, and utilizing other/external funding sources.
Prepare, analyze and provide inputs towards IBRD and IDA policies, directives and procedures related to financial products, financing instruments, finance facilities and funds or other initiatives while serving units from across the World Bank's finance complex and relevant global practices.
Assist in the implementation, rollout and ongoing maintenance, supervision and/or reporting related to finance instruments, transactions and initiatives.
Analyze structured finance, project finance and other transactions to consider issues related to security/collateral and implications for WB preferred creditor treatment and other concerns.
As directed, collaborate with other international financial institutions and multilateral development banks.
Review, comment upon, and provide input on policy papers prepared by clients on issues related to financial products and services.
Use sound legal principles and fundamentals to inform and steer the development of policy and practice of the World Bank in a range of finance-related topics, including novel ones.
Be client-oriented, responsive, and willing to work in a dynamic, fast-paced environment.
Handle a wide variety of other projects relating to financial transactions and policy issues as requested by the Deputy General Counsel and the Senior Counsels on the Financial Products and Services team
Work implies frequent interaction with the following:
Treasury, Chief Risk Officer, Finance and Accounting, and Development Finance staff and managers, as well as operational and sectoral specialist staff and managers across the World Bank Group;
Counterpart lawyers and other officials in donor governments, supranational organizations, and other specialized external entities;
Counterpart lawyers, business teams in market counterparties and rating agencies;
Outside counsel for the Bank, regarding highly specialized matters or issues of domestic law; and
Colleagues within the Legal Vice Presidency.
Employment Value Proposition:
The World Bank Group (WBG) offers comprehensive benefits including a retirement plan; health (medical dental, pharmacy, vision), life and disability insurance; generous annual leave, including parental leave, as well as reasonable accommodations for individuals with disabilities. Please note that certain benefits may vary based on appointment type (Term or Extended-Term Consultant/Temporary; HQ or Country Office appointment). We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
The WBG aspires to remain competitive in all markets by providing compensation that attracts and retains top talent to deliver on the WBG mission of reducing poverty, increasing shared prosperity and promoting sustainable development.
WBG entry salaries are determined based on the grade, years of relevant experience and internal comparators. Consistent with our entry salary methodology, new hires are likely to be offered a salary between the minimum and midpoint of the salary scale for the advertised grade. Learn more about working at the World Bank and IFC, including our values and inspiring stories.
Selection Criteria
The chosen candidate will be selected based upon his or her possessing:
An LLM degree, J.D. or equivalent, with a minimum of five (5) years of relevant experience, and be admitted/qualified to practice law in at least one jurisdiction.
Experience in the areas of banking and finance, structured finance, asset finance, asset management or other finance-related areas.
Skills and experience in structuring, drafting and negotiating finance transactions (secured and/or unsecured) and related documentation.
Experience in international or domestic debt market and/or capital market transactions, including preparing and negotiating a wide range of documentation for same.
An understanding of general principles of security/collateral.
An understanding of, or experience in, drafting and analyzing derivatives/swaps, options, guarantees and their documentation.
An understanding of, or experience in, asset management, particularly, in public sector institutional investors space.
Strong written and verbal communication skills
Effective verbal and written communication skills in English;
Proven ability to operate effectively as a member of one or more teams;
Interest in working with colleagues from across a range of units and departments within the World Bank's finance complex and operational departments in a fast-paced, multidisciplinary environment.
Familiarity with climate/disaster finance is a plus.
An understanding of World Bank operational rules and/or financing instruments is desirable
Competencies:
General Competencies Required:
Excellent legal research, writing, drafting, analytical and communications skills.
Excellent interpersonal skills.
Experience in international, commercial or contract law, in transactional legal work and the preparation and negotiation of legal agreements.
Excellent legal drafting skills, including of agreements and legal memos.
Familiarity in the use of varied legal research sources (including electronic sources on the internet) and other databases.
Proven ability to operate effectively as a member of one or more teams; must be a self-starter and collaborate well with others; ability to exercise sound judgment in recognizing what issues to bring to the attention of the Chief Counsel and/or another supervising Lead Counsel, and which to handle autonomously.
Proven ability to identify and help manage legal risk, through sound judgment, determining and escalating risk appropriately, providing risk-based advice, and guide more junior staff on the same.
Proven ability to deal sensitively in multicultural and multi-ethnic environments and build effective working relationships with clients and colleagues.
Ability to work under time pressure and to manage multiple tasks within tight deadlines.
Other Competencies Required:
Legal Drafting, Research and Communication:Proven ability to draft transactional documentation (e.g., loan agreements, grant agreements or other financial agreements), briefings and a variety of legal instruments and related documents independently.Conducts research as necessary to acquire insight and information.Is aware of the need for precision and focus on quality.Uses a writing style that is clear and precise.
Independence: Carries out work with due care, preparing accurate documents and reports, ensuring that pertinent facts are fairly presented without seeking to obfuscate (either through too much information or withholding relevant information).Interprets information in an objective manner, exercising professional skepticism when required.
Professional Maturity: Understands others and the reasons for their behavior. Takes the time to clarifying others' points of view so that progress can be made particularly in situations of stress or conflict. Proven ability to deal sensitively and effectively across organizational boundaries, as a team member, in multi-cultural environments and build effective working relations with clients and colleagues.Accepts and implements decisions made by management.
Legal Reasoning:Breaks down problems into their component parts.Articulates the implications of situations in a step-by-step way.Remains objective when reviewing problems or situations to understand the issues.Makes sure to seek or possess all relevant facts.
Recommends and takes decisive action:Applies critical thinking and seeks inputs and experience from others to recommend a course of action consistent with the WBG's strategy.Evaluates risk and anticipates the short and long-term implications of decisions.Commits to a decision and takes action once a decision has been reached.
Delivers Results for Clients: Contributes to delivery of results for clients on complex issues. Sets challenging goals that align with the WBG mission and is always looking to improve. Understands clients' most pressing challenges and contributes to solutions. Takes personal responsibility for producing high quality work, identifying and informing of risks, and delivering results for clients.
Collaborates within Teams and Across Boundaries: Takes personal responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or overall success. Shares information and frames thinking/actions with a corporate perspective in mind.
Leads and Innovates:Brings new and different insights. Applies critical thinking to current approaches, identifies areas for improvement, and tries new solutions that drive results. Considers own behavior in context of WBG's values and mission and recognizes impact one has on others. Operates in ambiguity and changing needs
Job #:
req30828
Organization:
World Bank
Sector:
Legal
Grade:
GF
Term Duration:
4 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
1/12/2025 (MM/DD/YYYY) at 11:59pm UTC
Description
Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges.The World Bank Group (WBG) is one of the world's largest sources of development assistance and global expertise for developing countries. WBG consists of five institutions that specialize in different aspects of development: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), which together form the World Bank: the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). For additional information, please visit http://www.worldbank.org
With twin goals of ending extreme poverty and promoting shared prosperity, the WBG works in more than 100 developing economies to improve living standards and to fight poverty. For each of its clients, the WBG works with government agencies, nongovernmental organizations, and the private sector to formulate assistance strategies. A network of offices worldwide delivers the programs in countries, liaises with governments and civil society, and works to increase understanding of development issues. The World Bank is owned by 189 member countries whose views and interests are represented by a Board of Governors and a Washington, DC-based Board of Directors. With more than 150 offices worldwide, the WBG works with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges.
The World Bank Group is one of the world's largest sources of funding and knowledge for developing countries. It uses financial resources and extensive experience to help our client countries to reduce poverty, increase economic growth, and improve quality of life. To ensure that countries can access the best global expertise and help generate cutting-edge knowledge, the World Bank Group is constantly seeking to improve the way it works. Key priorities include delivering measurable results, promoting openness and transparency in development, and improving access to development information and data.
Legal Vice Presidency. In the context of the World Bank's broad development agenda, the Legal Vice Presidency (LEG), under the Senior Vice President and Group General Counsel (SVP-GC), is responsible for providing legal advice and support to internal and external Bank clients on operational, advisory, financial, administration, and institutional matters.
Corporate Finance Practice Group (LEGFI):
The Corporate Finance Practice Group provides legal, policy, and governance advice to the World Bank's finance units, including the Chief Financial Officer and the following Vice Presidencies: Treasury, Chief Risk Officer, Finance and Accounting, and Development Finance. LEGFI handles the legal aspects of the Bank's market facing activities in capital markets and asset management, as well as the financial and legal structuring of the Bank's client-facing financial products and services.
The Counsel will be part of the Financial Products and Services team within LEGFI, which works on projects that involve creating new financial products and services for World Bank clients in respect of loans and other financing mechanisms, as described in more detail below. LEGFI is involved in developing and structuring these proposals, working with both finance and operational teams. Frequently these projects involve a wide range of functions that span multiple Vice Presidencies within the Bank. The Counsel will also have the opportunity to work on a variety of other initiatives, including asset management and banking matters.
LEGFI invite qualified candidates to apply for a Counsel position based in Washington, D.C.
Responsibilities and Accountabilities:
The position requires rigorous analytical skills, as well as a demonstrated ability to work harmoniously in a team and to exercise good judgment. The level and quality of these skills will be a determining factor in the selection for the position, and references will be given serious consideration in this determination.
Specifically, the Counsel will work with Senior Counsels and other Counsels in the Financial Products and Services team on a day-to-day basis, and will be expected to: Develop and prepare new (and iterate existing) World Bank financial policies, products and mechanisms, including in respect of financial terms and conditions related to loans, contingent finance mechanisms, and other development finance instruments.
Draft, coordinate and provide inputs towards conceptual frameworks and/or bespoke transactions aimed at leveraging and/or preserving the World Bank's balance sheet, and utilizing other/external funding sources.
Prepare, analyze and provide inputs towards IBRD and IDA policies, directives and procedures related to financial products, financing instruments, finance facilities and funds or other initiatives while serving units from across the World Bank's finance complex and relevant global practices.
Assist in the implementation, rollout and ongoing maintenance, supervision and/or reporting related to finance instruments, transactions and initiatives.
Analyze structured finance, project finance and other transactions to consider issues related to security/collateral and implications for WB preferred creditor treatment and other concerns.
As directed, collaborate with other international financial institutions and multilateral development banks.
Review, comment upon, and provide input on policy papers prepared by clients on issues related to financial products and services.
Use sound legal principles and fundamentals to inform and steer the development of policy and practice of the World Bank in a range of finance-related topics, including novel ones.
Be client-oriented, responsive, and willing to work in a dynamic, fast-paced environment.
Handle a wide variety of other projects relating to financial transactions and policy issues as requested by the Deputy General Counsel and the Senior Counsels on the Financial Products and Services team
Work implies frequent interaction with the following:
Treasury, Chief Risk Officer, Finance and Accounting, and Development Finance staff and managers, as well as operational and sectoral specialist staff and managers across the World Bank Group;
Counterpart lawyers and other officials in donor governments, supranational organizations, and other specialized external entities;
Counterpart lawyers, business teams in market counterparties and rating agencies;
Outside counsel for the Bank, regarding highly specialized matters or issues of domestic law; and
Colleagues within the Legal Vice Presidency.
Employment Value Proposition:
The World Bank Group (WBG) offers comprehensive benefits including a retirement plan; health (medical dental, pharmacy, vision), life and disability insurance; generous annual leave, including parental leave, as well as reasonable accommodations for individuals with disabilities. Please note that certain benefits may vary based on appointment type (Term or Extended-Term Consultant/Temporary; HQ or Country Office appointment). We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
The WBG aspires to remain competitive in all markets by providing compensation that attracts and retains top talent to deliver on the WBG mission of reducing poverty, increasing shared prosperity and promoting sustainable development.
WBG entry salaries are determined based on the grade, years of relevant experience and internal comparators. Consistent with our entry salary methodology, new hires are likely to be offered a salary between the minimum and midpoint of the salary scale for the advertised grade. Learn more about working at the World Bank and IFC, including our values and inspiring stories.
Selection Criteria
The chosen candidate will be selected based upon his or her possessing:
An LLM degree, J.D. or equivalent, with a minimum of five (5) years of relevant experience, and be admitted/qualified to practice law in at least one jurisdiction.
Experience in the areas of banking and finance, structured finance, asset finance, asset management or other finance-related areas.
Skills and experience in structuring, drafting and negotiating finance transactions (secured and/or unsecured) and related documentation.
Experience in international or domestic debt market and/or capital market transactions, including preparing and negotiating a wide range of documentation for same.
An understanding of general principles of security/collateral.
An understanding of, or experience in, drafting and analyzing derivatives/swaps, options, guarantees and their documentation.
An understanding of, or experience in, asset management, particularly, in public sector institutional investors space.
Strong written and verbal communication skills
Effective verbal and written communication skills in English;
Proven ability to operate effectively as a member of one or more teams;
Interest in working with colleagues from across a range of units and departments within the World Bank's finance complex and operational departments in a fast-paced, multidisciplinary environment.
Familiarity with climate/disaster finance is a plus.
An understanding of World Bank operational rules and/or financing instruments is desirable
Competencies:
General Competencies Required:
Excellent legal research, writing, drafting, analytical and communications skills.
Excellent interpersonal skills.
Experience in international, commercial or contract law, in transactional legal work and the preparation and negotiation of legal agreements.
Excellent legal drafting skills, including of agreements and legal memos.
Familiarity in the use of varied legal research sources (including electronic sources on the internet) and other databases.
Proven ability to operate effectively as a member of one or more teams; must be a self-starter and collaborate well with others; ability to exercise sound judgment in recognizing what issues to bring to the attention of the Chief Counsel and/or another supervising Lead Counsel, and which to handle autonomously.
Proven ability to identify and help manage legal risk, through sound judgment, determining and escalating risk appropriately, providing risk-based advice, and guide more junior staff on the same.
Proven ability to deal sensitively in multicultural and multi-ethnic environments and build effective working relationships with clients and colleagues.
Ability to work under time pressure and to manage multiple tasks within tight deadlines.
Other Competencies Required:
Legal Drafting, Research and Communication:Proven ability to draft transactional documentation (e.g., loan agreements, grant agreements or other financial agreements), briefings and a variety of legal instruments and related documents independently.Conducts research as necessary to acquire insight and information.Is aware of the need for precision and focus on quality.Uses a writing style that is clear and precise.
Independence: Carries out work with due care, preparing accurate documents and reports, ensuring that pertinent facts are fairly presented without seeking to obfuscate (either through too much information or withholding relevant information).Interprets information in an objective manner, exercising professional skepticism when required.
Professional Maturity: Understands others and the reasons for their behavior. Takes the time to clarifying others' points of view so that progress can be made particularly in situations of stress or conflict. Proven ability to deal sensitively and effectively across organizational boundaries, as a team member, in multi-cultural environments and build effective working relations with clients and colleagues.Accepts and implements decisions made by management.
Legal Reasoning:Breaks down problems into their component parts.Articulates the implications of situations in a step-by-step way.Remains objective when reviewing problems or situations to understand the issues.Makes sure to seek or possess all relevant facts.
Recommends and takes decisive action:Applies critical thinking and seeks inputs and experience from others to recommend a course of action consistent with the WBG's strategy.Evaluates risk and anticipates the short and long-term implications of decisions.Commits to a decision and takes action once a decision has been reached.
Delivers Results for Clients: Contributes to delivery of results for clients on complex issues. Sets challenging goals that align with the WBG mission and is always looking to improve. Understands clients' most pressing challenges and contributes to solutions. Takes personal responsibility for producing high quality work, identifying and informing of risks, and delivering results for clients.
Collaborates within Teams and Across Boundaries: Takes personal responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or overall success. Shares information and frames thinking/actions with a corporate perspective in mind.
Leads and Innovates:Brings new and different insights. Applies critical thinking to current approaches, identifies areas for improvement, and tries new solutions that drive results. Considers own behavior in context of WBG's values and mission and recognizes impact one has on others. Operates in ambiguity and changing needs