African Development Bank Group Chief Legal Counsel, Private Sector Operations Jobs in Nigeria
African Development Bank Group Chief Legal Counsel, Private Sector Operations Jobs in Nigeria
The ComplexThe President, plans, supervises and manages the business of the Bank Group. Under the direction of the Boards of Directors, the President conducts the business of the Bank and the African Development Fund and manages operations and activities in accordance with the Agreements establishing the ADB and the ADF. The President supervises several Departments and Units including Office of the President (PRST0); Independent Development Evaluation Department (BDEV); Integrity and Anti-Corruption Department (PIAC); Compliance Review and Mediation Unit (BCRM); Secretariat to the Sanctions Appeals Board (BSAB); Administrative Tribunal (BATR); Office of the Auditor General (PAGL); Group Risk Management Directorate (PGRM); General Counsel and Legal Services Department (PGCL); Communication and External Relations Department (PCER); Staff Integrity and Ethics Office (PETH) and Office of the Secretary General & General Secretariat(PSEG).
The Hiring Department
The role of the General Counsel and Legal Services Department (PGCL) is to deliver legal advice and services to the statutory organs of the Bank group (the Bank), namely to: the Boards of the Bank, Senior Management, Directorate General Hubs and, more generally, to the whole Bank. Furthermore, the Department protects the interest of the Bank from legal liability and, as necessary, provides legal defense in cases filed against or brought by the Bank.
The principal objectives of the Private Sector Operations Division (PGCL.2) are to handle private sector and other non-sovereign transactions and support the work of the Bank regarding the private sector and the financial sector as well as special operations. These transactions comprise principally non-sovereign loans, guarantees, participation arrangements, project finance transactions, syndicated loans, direct equity investments, private equity, trade finance transactions and balance sheet optimization operations relating to non-sovereign loans, amongst others. The Private Sector Operations Division provides legal and advisory services to several client departments and units across the Bank’s private sector ecosystem, which includes the Special Operations Unit.
The Special Operations Unit (SNOU) is responsible for managing problem investments in the Bank’s Non-Sovereign Loan and Equity portfolios and provides assets resolution and workout solutions by managing such investments, with emphasis on preserving value and managing reputational risks under adverse conditions while maximizing development impact. The transactions handled by the SNOU comprise principally non-sovereign loans and, in particular, project finance and syndicated loans, guarantees, trade finance and private equity transactions, amongst others. The SNOU requires specialist and time-effective legal support and advice in developing and implementing appropriate workout solutions for the Bank’s non-performing transactions.
The Position
The Chief Legal Counsel undertakes internal coordination, supervision and the structuring of complex transactions within the division. The job requires the incumbent to be conversant and skilled in preparing complex legal documents including briefs and confidential legal opinions, leading the negotiation of complex agreements within the scope of financing products while combining specialization and expertise in knowledge of operational policies and guidelines of the Bank. He/she also supervises, leads and train more junior lawyers in their day-to-day work.
The job holder leads the representation of the Bank’s sensitive negotiations as may be directed by the Division Manager or the General Counsel, conceives and supervises the negotiation of complex legal documents of all private sector operations. Furthermore, the job holder will be primarily responsible for providing legal support to the SNOU in respect of complex non-performing portfolio transactions.
Key Functions
Under the overall supervision of the Division Manager Private Sector Operations, the Chief Legal Counsel will be a team leader in the Division and will assist the Division Manager in coordinating and supervising the work of the Division.
He/she may be requested to assume management functions in the absence of the Division Manager.
Key Responsibilities
Provide legal support for the implementation and monitoring of projects/transactions post-financial close including advising on waiver requests, consents and approvals and project work-outs amongst others;
Liaise with co-lenders/investors, partners and external counsel as appropriate;
Assist the Division Manager in coordination and quality control of the legal services provided by the Division; and
Perform such other assignments and duties in furtherance of the Legal Department's mandate as may be assigned by the General Counsel and/or the Division Manager.
Competencies (Skills, Experience and Knowledge)
Hold at least a Master's in Law and admission to the Bar of one of the African Development Bank member countries or A Juris Doctor (JD) and admission to the Bar of one of the African Development Bank member countries.
Have a minimum of seven (7) years of relevant professional experience with an established international law firm or in the legal department of a bank, an investment fund or an international financial institution, with proven technical competence and experience in major international banking and/or corporate transactions (e.g. project finance transactions, cross-border M&As, investment funds, trade finance etc.), preferably with a specialization in restructuring and workouts, cross-border insolvency and bankruptcy, distressed debt and asset resolution with a focus on infrastructure projects.
Ability to manage multiple, simultaneous and shifting demands, priorities and tight deadlines.
High level skills in communication and negotiation as well as the ability to build partnerships with a broad range of clients and deliver results that meet the needs of the Legal Service Department’s work program.
Seasoned knowledge in the current trend of development and familiarity with international law, and related matters within the Bank and other international organizations.
Strong skills in preparation of complex legal documents including briefs and confidential legal opinions, preparing certificates, leading the negotiation of complex projects and programs and other transactions of a similar nature.
Capacity to conceive and supervise the negotiation of complex legal documents of all manners and form that balances the standards and norms of outside parties with the unique requirements of the Bank.
Ability to apply legal knowledge to deliver full scope of strategic Legal services in line with the Bank’s strategy requirements.
Effective consulting and advisory skills that enable clients and help resolve their legal questions.
Ability to deal with sensitive issues in a multi-cultural environment and to build effective working relations with colleagues.
Ability to lead independently and supervise a multicultural team.
Ability to be flexible, open minded with integrity.
Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
Competence in the use of standard Microsoft Office Suite applications; knowledge of SAP is an asset.
How to Apply
For more information and job application details, see; African Development Bank Group Chief Legal Counsel, Private Sector Operations Jobs in Nigeria
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