Inter-American Development Bank (IDB)

Invest Paralegal Consultant

Inter-American Development Bank (IDB)

Job Description

IDB Invest - Paralegal Consultant - Country Office Background: We are searching for a Paralegal - Consultant for the Financial Markets and Projects Legal Team (FML) of the Legal Department, focusing on the substantive areas referenced below. The Team: Our Legal Department advises Management, the Board of Executive Directors and the Board of Governors on all legal matters relating to IDB Invest. As part of its functions, the Legal Department provides a full range of legal support to non-sovereign guaranteed operations throughout the entire transaction cycle, including origination, portfolio management, and workouts, and the development of new products. Also, we provide legal advice on all institutional and financial matters for IDB Invest, including governance, financial management, institutional integrity and Administration of human resources. What you’ll do:
  • Assists with drafting, negotiating, and reviewing of legal documents related to the origination and portfolio management for projects of the IIC, including retainers with external Counsel, powers of attorney, internal resolutions, closing documentation, amendments, waivers and other related documents.

  • Assists with the development and regular updating of model documentation and maintenance of the Legal Department intranet, and other knowledge management activities.

  • Supports the financial closing of projects preparing documentation, including the execution, notarization and consularization of agreements, and the organization, review and tracking of conditions precedent to disbursement.

  • Manages timely provision of official documents required for IIC loans or investments.

  • Coordinates the filing of legal documents and records in accordance with IIC policies and procedures.

  • Conducts research on a variety of matters, including IDBG policies and procedures, Legal Department opinions, and transaction precedents.

  • Liaises with external counsel on transaction matters and assists with management and tracking of external counsel invoices and data.

  • Reviews or prepares translations of IIC documents for external or internal use.

What you´ll need:
  • Citizenship: You are either a citizen of Panama or a citizen of one of our 48-member countries with residency or legal permit to work in.

  • Consanguinity: You have no family members (up to fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB Group.

  • Education: Bachelor’s degree.

  • Experience: 3 years of relevant professional legal experience preferably in transactional work. You have knowledge and substantive legal experience in Civil law systems.

  • Language: You are proficient (oral and written) in at least 2 official languages of IDB Invest (English, Spanish, Portuguese and French), with knowledge of Spanish preferred.

Core And technical Competencies: You have excellent organizational skills, including record-keeping and project planning, with a strong results orientation, and high level of attention to detail. You have proficiency in utilizing Microsoft Office suite products (e.g. Power Point, Excel and Word). In addition to the above, you should have demonstrated professional experience in complex cross-border commercial transactions, preferably in one of the following: Financial intermediaries, Trade finance, Capital Markets or Equity and Funds Opportunity Summary: Type of contract: Consultant Full Time Length of Contract: 19 months Location: Panama. Responsible person: Principal Counsel Requirements: You must have no family members currently working at the IDB Group. Our culture: Working with us you will be surrounded by a diverse group of people who have years of experience in all types of private investment development fields, including infrastructure and energy, corporates, Financial Institutions, financial and non-financial products and services, gender and diversity, communications and much more. Because we are committed to providing equal opportunities in employment, we embrace diversity based on gender, age, education, national origin, ethnic origin, race, disability, sexual orientation, and religion. We encourage women, Afro-descendants and persons of indigenous origins to apply. About us: IDB Invest, a member of the Inter-American Development Bank (IDB) Group, is a multilateral organization, committed to the development of the private sector of Latin America and the Caribbean by financing loans, equity investments, and guarantees. In addition, IDB Invest partners with clients to provide advisory and training services. Visa and Work Permit: The Bank, pursuant to applicable policies, may submit a visa request to the applicable immigration authorities; however, the granting of the visa is at the discretion of the immigration authorities. Notwithstanding, it is the responsibility of the candidate to obtain the necessary visa or work permits required by the authorities of the country(ies) in which the services will be rendered to the Bank. If a candidate cannot obtain a visa or work permit to render services to the Bank the Consultant offer will be rescindedDue to the current Covid-19 pandemic and its implications for our Region, the IDB Group is reviewing its hiring needs and re-prioritizing its areas of talent acquisition. We encourage candidates to continue to apply to the active postings, yet current job openings may be subject to further decisions in terms of timing of the processes, or other actions, in accordance with business needs. Final hiring decisions may also be conditioned to the candidate’s ability to timely relocate to the post of duty at the moment of starting service.” Additional Information

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