Asian Development Bank

Senior Legal Officer (Nonsovereign)

Asian Development Bank

Job Description

Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB. 1Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9). In the event that the staff appointed to a new category (i.e. from AS to NS, or from NS to IS) is rated at 2 or lower in the first two performance reviews after appointment at the new level, they will return to the level occupied immediately prior to their appointment in the new category. Overview Asian Development Bank (ADB) is an international Development Finance institution headquartered in Manila, Philippines and is composed of 68 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and The Pacific, while sustaining its efforts to eradicate Extreme Poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030. ADB only hires nationals of its 68 members. The position is assigned within Office of the General Counsel (OGC). OGC is responsible in protecting the legal interests of ADB and advises on methods to limit ADB's risk exposure appropriately. It prepares or reviews documents which create, define, modify or limit the legal rights or obligations of ADB, including loan contracts, agreements and registration statements in relation thereto, and other contractual documents. Job Purpose The Senior Legal Officer will provide independent legal advice and support in the negotiating, processing and Administration of nonsovereign financing arrangements, development of model documentation for nonsovereign transactions and other legal matters. The incumbent will report to the relevant Assistant General Counsel and/or designated International Staff and will supervise national and administrative staff. Responsibilities Project Processing and Administration · Provides independent advice and assists OGC counsel on legal aspects relating to nonsovereign operations. · Prepares draft documents and advice on legal aspects of nonsovereign operations, including legal due diligence, preparation of financing and investment documentation, and preparing all other legal documents consistent with ADB's internal law, lending and other operational policies. · Maintains and updates model documentation for all ADB mandate, confidentiality, country framework agreements, Adviser's engagement agreements and risk transfer arrangements related to non-sovereign operations. · Obtains and reviews legal origination and administration documents, including legislation that may affect non-sovereign projects. Assists in the review of and provide updates to the Report and Recommendation of the President (RRPs). · Assists deal teams in identifying legal issues that may arise from project Design, including issues related to environmental and social safeguards. · Assists deal teams in negotiations with clients during origination and project administration, both in preparing for such negotiations and taking action further to such negotiation. · Assists deal teams in ORM and PSOD with recovery procedures, including enforcement of security and litigation; loan restructuring and work-out matters; and disposals of ADB investments. · Processes disbursement requests for nonsovereign debt and equity investments (including private equity funds), including checking of conditions precedent to funding and assisting with other closing procedures. Assists with administration matters, including review and mark up of waiver requests and dealing with other documentation matters throughout the term of the investment. · Identifies law, policy and reform (LPR) issues and contributes to the development of LPR proposals and solutions. · Contributes to OGC's advice on enhancing ADB's operational policies, and participates in interdepartmental Analysis and complex legal issues. Legal Research and Support · Conducts research on legal and policy matters. · Carries out research work on legal precedents in ADB, including supporting the formulation of legal views on nonsovereign project-related issues. Supervisory Functions · Plans and schedules work assignments and provides advice to subordinate staff. Coordinates training and briefing sessions to members of the team. Others · Performs other duties that may be assigned. Undertakes special projects in support of OGC's operations.

Qualifications

Relevant Experience & Requirements
  • Bachelor's degree in Law and member of the Philippine Bar, or its equivalent.

  • Preferably, work experience in a multilateral financial institution, and preferably with advanced training.

  • Minimum of 8 years of relevant professional experience, with in-depth knowledge of entire project cycle from processing to implementation as well as in research-related activities.

  • Familiar with full suite of documentation typically required for cross-border debt and/or equity investments and conducting legal due diligence

  • Able to work in multi-cultural and multi-skilled teams.

  • Able to manage time to handle heavy workloads involving multiple simultaneous assignments.

  • Able to inspire trust and confidence and promote a strong culture of honesty, trust and openness.

  • Excellent written and verbal communication skills in English is required.

  • Please refer to the link for ADB Competency Framework for Administrative Staff NS3.

General Considerations The selected candidate, if new to ADB, is appointed for an initial term of 3 years. ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADB's standards and computation, taking into account the selected individual's qualifications and experience. ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply. Please note that the actual level and salary will be based on qualifications of the selected candidate.
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