Description
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
IFC Legal Department (CLED)
The IFC Legal Department (CLED), under the Vice President and General Counsel, is responsible for providing legal and policy advice to the IFC Board, its Management and client departments on operational, advisory and corporate matters. Specifically, CLED supports client departments in (i) the delivery of IFC’s annual program of financing private sector projects in emerging markets; (ii) project portfolio management (including jeopardy projects and projects in litigation); (iii) the delivery and design of structured finance products, sub-national lending, equity and quasi-equity transactions; (iv) advising on corporate policy and operational matters; and (v) knowledge management and training. CLED works in close collaboration with all of IFC’s departments, including E&S departments.
IFC Syndications Department
The Syndicated Loans and Management Department (“CSL”) is responsible for raising external funds for IFC clients through the B Loan program, Parallel Loans, the use of credit insurance, and the Managed Co-Lending Portfolio Program (MCPP). The department also manages the ongoing syndicated portfolio engagements with B Loan participants, parallel lenders, credit insurers, and MCPP investors.
IFC Climate Business, Blended Finance and Trust Funds
Blended Concessional Finance is responsible for combining concessional finance from donors or third parties alongside IFC’s own-account finance to develop private sector markets, address the Sustainable Development Goals (SDGs), and mobilize private resources. The Climate Business department is responsible for helping IFC’s clients to catalyze finance for climate action. The Trust Funds unit and the Partnerships & Multilateral Engagement team (a separate but related function within IFC) manage IFC’s donor relationships and engagements with government development agencies, several foundations and corporations, and a variety of multilateral organizations and channeling the resources through the use of trust funds.
We are seeking an experienced legal analyst to support CLED’s legal work in the area of mobilizing and investing third party money, in particular Blended Finance, Trust Funds, and the Syndications Department. The position is based in IFC HQ (Washington DC), and will report to, and work closely with the Global Lead Counsels for Blended Finance, Trust Funds, Debt Mobilization, and with project lawyers in the Legal Department as needed.
Role and Responsibilities
Support Blended Finance and Trust Funds:
• Provide transaction-related legal support to internal clients related to blended finance projects under the direction of CLED project lawyers, in the form of preparing, reviewing and negotiating loan documentation, mandate letters, term sheets, performance-based initiative side letters and all other related documentation.
• Provide legal support to the Trust Funds unit, including preparing, reviewing and negotiating trust fund administration agreements, framework agreements and other trust fund documents, as well as legal advice in the context of Donor relations management.
• Provide legal support related to policies and procedures applicable to blended finance and trust fund operations, in particular compliance matters, working with the Compliance & Business Risk Department (CBR).
• Provide legal support in developing internal guidance (knowledge management), including supplementing and expanding existing guidance, in the form of written knowledge management/guidance documents and webpages, as well as development and improvement of specimens, forms, and templates to assist CLED staff with blended finance and trust fund activities.
• Provide other legal support on matters related to blended finance and trust fund activities as needed.
Support Debt Mobilization:
• Provide transaction-related legal support to internal clients under the direction of CLED project lawyers related to syndications products, including IFC’s B Loan program, parallel lending program, credit insurance, and mobilization platforms, including MCPP (www.ifc.org/mcpp), in the form of preparing, reviewing and negotiating participation agreements, credit insurance policies, loan agreements, intercreditor agreements, mandate letters, non-disclosure agreements, term sheets and other related documentation.
• Provide legal support to internal clients under the direction of CLED project lawyers related to new debt mobilization initiatives.
• Provide legal support related to policies and procedures applicable to syndications products, individual transactions and new debt mobilization initiatives.
• Liaise with external counsel on matters related to debt mobilization transactions and programs.
• Assist in responding to ad hoc questions arising in the context of debt mobilization transactions and programs.
• Provide legal support in developing internal guidance (knowledge management), including supplementing and expanding existing guidance, in the form of written knowledge management/guidance documents and webpages, as well as development and improvement of specimens, forms, and templates to assist CLED staff with debt mobilization activities.
• Provide other legal support on matters related to debt mobilizing activities as needed.
General Legal Support:
• Assist with administrative coordination within CLED and other departments within IFC as needed to respond to specific inquiries, requests and initiatives.
• Provide legal support on matters related to general IFC investment operations as needed.
• Perform any other ancillary and associated tasks, including administrative tasks, as may be required.
Selection Criteria
• Bachelor’s degree in law.
• 5 years of relevant professional experience, including substantial experience in drafting and reviewing legal documentation, and coordinating or managing projects and innovative initiatives in the area of cross border syndications and lending.
• Excellent interpersonal skills, with a positive attitude.
• Excellent communications skills in English, ability to present both written and oral ideas clearly.
• Excellent legal research skills.
• Excellent problem solving and analytical skills, and attention to detail, and the willingness to assume multiple roles and tasks to meet changing business needs.
• Excellent process and project management skills, with the ability to work independently, seeking guidance on complex issues from senior staff.
• Ability to work well as a team member in a multi-cultural and multi-ethnic international organization environment.
• Ability to work under time pressure and to juggle multiple tasks within tight deadlines.
• Fully proficient in computer skills, particularly in using word processing software, information databases, intranet and internet services and resources.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
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.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.