OPEC Fund for International Development
Financial Services
Description
Qualifications and Experience
- Master’s degree in law and admission to the Bar or equivalent
- A minimum of 10 years relevant professional experience, In addition, preferably at least 3 years at an international development finance institution/international law firm
- Fluent in English. Good working knowledge of Arabic, French, German or Spanish is an added advantage.
Responsibilities
Policy development and implementation
- Supports the development of procedures for the funding activities of the organization, and monitors their implementation from a legal perspective.
- Supports Finance in legal matter implementing the annual work program relating to the Funding and Borrowing Program and ensuring the achievement of its long-term goals, strategic targets and annual objectives.
Legal advice
- Supports and advises Finance in the negotiations and drafting of documentation for implementing the borrowing program and debt capital market transactions including the issuance of bonds and commercial papers
- Assists in the preparation and the review of documentation for derivatives and other risk management transactions, including the negotiation of ISDA master agreements, Credit Support Annexes and other transaction documents.
- Reviews and revises global clearing, custody, execution and repurchase agreements to facilitate the OPEC Fund’s investment and risk management.
Research and analysis
- Identifies issues of importance on legal matters in any aspect related to the OPEC Fund’s operations and conducts research, analysis and studies on a wide range of legal issues, including interpretation of legal instruments, and brings them to the attention of the General Counsel and/or Director, Institutional and Administrative Unit together with recommendations thereon.
Risk management
- Monitors and signals deviations in the application of frameworks, contracts, policies and processes related to the legal/compliance/risks of Finance operations, and if necessary, takes corrective measures.
Leadership and direction
- Participates in the exchange of ideas and knowledge sharing to facilitate the broadening of the skills of the legal team and assists in ensuring skills transfers among Counsels within a formal or informal mentoring or facilitation program.
Stakeholder management and engagement
- As assigned by the General Counsel and/or Director, Institutional and Administrative Unit , represents the OPEC Fund in any external legal proceedings and liaises with external counsels.
- Works with external stakeholders (the senior representatives of issuing banks/ investment funds, partners and external counsel as required and authorized officials of partner countries/ institutions) and internal stakeholders (e.g. all OPEC Fund departments/ units/ functions on the subject of legal services and advice on an ongoing basis).
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