Senior Legal Counsel at African Development Bank (AfDB)

African Development Bank (AfDB) - In September 1964, a group of Africans met in Khartoum, Sudan, to ratify the multinational agreement to set up the African Development Bank. They were representing the continent's newly formed twenty-five governments. They had the same mission and bore the same hope. Their hope was to see the new institution contribute to the continent's development and unity.

By this act, Africa was taking its destiny into its own hands in the early 1960s. From the very early stages, and often with reference to major market networks of pre-colonial Africa, its leaders had designed the institution so that it would be one hundred percent African. Africa wanted to be in charge of its own destiny and wanted to be distant from the ideological and linguistic divides of the time. Thus, the African Development Bank (AfDB) was created.

African Development Bank (AfDB) is recruiting to fill the position below:

Job Title: Senior Legal Counsel (Private Sector Operations) - GECL.2

Job Reference: 50000642 & 50068935
Location: Nigeria

Objectives

• General Counsel and Legal Services Department (GECL): GECL provides legal services to the statutory organs of the Bank and the Fund. In addition, GECL provides legal advice on the administration, operations and financial activities of the Bank. GECL also ensures that the activities and operations of the Bank's Group are consistent with the constitutive documents and other legal instruments of the Bank's Group, its policies, the relevant norms and principles of international and commercial law, and the best practices of development finance institutions.
• Private Sector Division (GECL2): The Private Sector Division's advises on private sector transactions and other initiatives mostly originated by the Bank's private sector operations department (OPSM). Most of the transactions include non-sovereign loans, guarantees, project finance, syndicated loans, equity participation and trade finance.

Duties and Responsibilities

Under the direct supervision of the Division Manager, Private Sector Operations (GECL.2), the incumbent will be responsible for the following activities in connection with the Private Sector activities of the Bank:

• Conducting legal due diligence on proposed transactions such as the review of project documents and agreements (including development or construction contracts, supplier agreements, concession agreements, joint venture agreements, management agreements and shareholders agreements etc), constitutive documents of proposed borrowers/investee funds and review of local regulatory requirements;
• Liaising and collaborating with staff in the private sector operations, finance and environmental and social departments to develop the appropriate terms and conditions of each transaction, ensuring compliance with Bank’s policies;
• Participating in project appraisal missions and reviewing project concept notes, project appraisal reports, drafting board resolutions;
• Drafting and/or reviewing, negotiating and finalising all legal documentation relevant to the proposed transaction, including term sheets, loan agreements, lines of credit agreements, common terms agreements, guarantee agreements, participation agreements, inter-creditor agreements, security documentation, assignment agreements and information memoranda etc, depending on the nature of the project and the type of financing;
• Advising on transaction structure and documentation for private equity investments by the Bank to ensure compliance with Bank policies and practice as well as applicable laws including drafting and/or reviewing shareholders agreements, partnership agreements, management agreements, co-investment agreements, subscription agreements etc
• Providing legal support for the implementation and monitoring of projects after signing and disbursement, including advising on waiver requests, approval requests and project work-outs;
• Liaising with co-lenders/investors, partners and external counsel as and when needed; and
• Undertaking such other assignments as required in furtherance of the Department's mandate.

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 of the Bank;
• Possess at least 5 years of relevant professional experience with an established law firm or an international financial institution, with in-depth experience in major international financial transactions;
• Proven competence in either International banking and finance, Project Finance, Private Equity, Development and/or Public International Law;
• Excellent negotiation skills and demonstrated ability to work under pressure and deliver within tight deadlines;
• Possess a versatile multi-disciplinary skills-set, an ability to work in a multi-cultural environment and effective communication, team building, inter-personal, writing and analytical skills;
• Ability to communicate and write effectively in English and/or French, the ability to work in both languages is an added advantage; and,
• IT Competence in the use of standard software such as MSWord, Power Point, Excel and Internet Explorer.

Application Closing Date
8th October, 2014

Method of Application
Interested and qualified candidates should:
Click here to apply online