Senior Legal Counsel Job Vacancy in Nigeria at African Development Bank (AfDB), September 2014
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;
- 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 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;
- 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;
- 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.
-
- 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;
How to Apply
Interested and qualified candidates should:
Click here to apply online
Application Deadline 8th October, 2014