| Description
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit www.ifc.org.
IFC has embarked on an ambitious new growth strategy (IFC 3.0) to stimulate more investment activity, especially in Low Income Countries and Fragile and Conflict affected Situations. This strategy calls for generating our own opportunities by proactively working “Upstream” to create, deepen, and expand markets and to imagine, design and implement investment projects.
To support IFC’s activities in Europe (EUR), and the Middle East Turkey and Central Asia (CMT), the IFC Legal Department is recruiting a Legal Consultant (ETC3), to be based in Istanbul, Turkey. The position will report to the Assistant General Counsel: EUR/CMT.
Duties and Accountabilities:
• Provide advice and support to investment clients in equity projects and corporate financings involving multiple financiers in a broad range of sectors, including manufacturing, agribusiness and services, financial institutions, infrastructure (transport, power and renewable energy and natural resources projects), funds, and blended finance.
• Provide advice and support to clients from IFC’s Special Operations Department related to projects in jeopardy in need of restructuring, workout and other recovery options with a focus on Turkey and the CMT region.
• Assume primary lawyer responsibility for new and portfolio investments and advisory services, including infrastructure PPP projects in EUR/CMT.
• Work closely with client departments as needed, as they embark on identifying and assessing Upstream opportunities and advise on the design and implementation of scalable solutions and platforms that can be replicated across markets.
• Advise on the selection of outside counsel in EUR/CMT, manage outside counsel and legal costs.
• Interact and communicate with colleagues in Washington and other regions to facilitate the provision of excellent legal services in EUR/CMT, and occasionally provide advice and support to colleagues in Washington and other regions, particularly Africa.
• Provide leadership in designing and delivering trainings.
• Take leadership on and advise internal clients on institutional and corporate matters.
• Provide general advice and support with respect to all aspects of IFC’s business in ECA/MENA.
• Build strong knowledge about business in EUR/CTM and effectively share knowledge and best practice.
Selection Criteria
• Qualified to practice law in one or more jurisdictions
• At least 8-10 years of relevant experience, including experience at a leading law firm and/or international financial institution and/or development institution, preferably in developing countries and/or cross border transactions
• (i)Top level experience in working complex corporate and commercial transactions handled independently (including equity financings, Funds, Capital Markets, corporate and project finance),(ii) general knowledge of insolvency laws and regulations and restructuring options (iii) advice to clients on structuring, innovation and policy matters and (iv) leadership role in non-project assignments and initiatives and legal subject matters
• Demonstrated ability to assume multiple roles and tasks to meet changing business needs with an ability to foresee, troubleshoot and effectively resolve conflicting issues and challenges
• Demonstrated ability to assess risk in a practical and responsible manner and make fair, well-reasoned, independent and transparent decisions
• Familiarity with IFC’s business and policies; Understanding of IFC’s strategic priorities and changing business model against the backdrop of IFC 3.0
• Record of professional excellence and thought leadership
• Excellent interpersonal skills, demonstrated ability to deal sensitively in a multicultural environment and build and maintain effective working relations with clients and colleagues across IFC, and demonstrated ability to work effectively in teams
• Ability to work in a fast-paced environment with quick turnaround times
• Willingness to travel throughout EUR/ CMT, safety circumstances permitting.
• Professional integrity and sound judgment in handling confidential information
• Excellent communications skills in English and Turkish and the capacity to present both written and oral ideas clearly, concisely and persuasively at senior level
World Bank Group Core Competencies
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.
Note: The selected candidate will be offered a one-year appointment, renewable for an additional one year, at the discretion of the World Bank Group, and subject to a lifetime maximum ET Appointment of two years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their second-year ET appointment are not eligible for future ET appointments.
HOW TO APPLY
- To apply please follow this link https://vacanciesinturkey.com/jobs
- To help us track our recruitment effort, please specify (on the application form and in your cover letter) how (vacanciesinturkey.com) you heard about this position.
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