African Development Bank Group (AfDB): Principal Legal Counsel, Finance (3 Positions)

Duties and responsibilities:

• Advise on corporate and finance legal issues arising from the interpretation and application of the Bank’s Charter; draft legal documents concerning membership and participation in the Bank and the Fund and creation of special funds; interpret and apply Financial Regulations.
• Advise and provide assistance for resource mobilization activities of the Bank and the Fund including capital subscriptions for the Bank and replenishment of African Development Fund and special fund resources;
• Prepare documentation for the Bank’s borrowings in the international capital and money markets in collaboration with dealers and external counsel;
• Advise on the Bank’s derivatives and other risk management transactions, negotiate relevant master agreements, draft and review individual transaction documents;
• Advise on contracts for the investment for the liquid assets of the Bank and the Fund;
• Review, revise and recommend for approval global clearing, custody, execution and repurchase agreements to facilitate the Bank’s investment and risk management;
• Participate in working group meetings of the Asset and Liability Management Committee;
• Prepare draft legal opinions for approval by supervisors on proposals for the Bank’s financial operations
• Advise on finance and investment issues concerning the Staff Retirement Plan; Advise on finance aspects of lending transactions, including the development of new lending products, as necessary

Selection Criteria:

Including desirable skills, knowledge and experience

• At least a Master’s degree in Law, plus admission to the Bar of (or diploma to practice law in) a member country; or a first university degree plus a relevant combination of academic qualification in Law (e.g. Juris Doctor (JD) plus admission to the Bar of (or diploma to practice law in) a member country;
• Preferably a minimum of six (6) years relevant experience, preferably with an established law firm or financial institution;
• Competence in international finance law ;
• Competence in the use of standard software applications;
• Ability to communicate and write effectively in either French or English, with knowledge of the other.

To Apply:

Only applicants who fully meet the Bank’s requirements and are being considered for interview will be contacted. Applicants will only be considered if they submit (preferably electronically, to: recruit@afdb.org) a fully completed Personal History Form (PHF), available from the Bank’s web site, and attach a comprehensive Curriculum Vitae (CV) indicating date of birth and nationality.

Reference: ADB/ 010/78

Closing date: 02/07/2010

The President, ADB, reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer and female candidates are strongly encouraged to apply.