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 2022, IFC committed a record $32.8 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 global compounding crises. For more information, visit www.ifc.org.
In the past few years, 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 the Middle East, Türkiye and Central Asia, Afghanistan and Pakistan (MCT region) as well as in Europe (“EUR”), the IFC Legal Department is recruiting a Legal Analyst, to be based in Istanbul, Türkiye. The position will report to the Assistant General Counsel for Europe, Middle East, Türkiye, Central Asia, Afghanistan and Pakistan.
Istanbul is a hub for IFC for the Türkiye Central Asia region and serving the broader region of MCT. While the position will be based in Istanbul, the following Terms of Reference will relate to work in the entire two regions described above, allowing rich learning and cross border experience. The Legal Analyst will be a key member of the Istanbul legal team, interacting very closely with our other regional legal and business teams in Amman, Dubai and Vienna, as well as teams in other regions and in Headquarters/Washington DC.
Role & Responsibilities:
• Prepare supporting documentation for internal and external matters, i.e. powers of attorney, proxies, signature designations, counsel retainer letters and Article III notices (notifying governments of an IFC investment)
• Proactively assist IFC in-house counsel in preparing and reviewing legal documentation for debt, equity or funds, and prepare routine amendments, consents and waivers
• Assist IFC in-house counsel and investment teams in reviewing confidentiality agreements and other business development documents, and advising in respect of such agreements;
• Liaise with IFC external counsel, where required
• Attend to the signing of transaction documents and completion of conditions to disbursement
• Attend to filing of all transaction documents in accordance with IFC guidelines and practices
• Perform routine portfolio administration of IFC’s debt and equity investments
• Assist IFC counsel with general tasks relating to upstream and advisory matters; handle and review transaction documents for IFC’s upstream and advisory program under appropriate supervision by IFC in-house counsel and follow up on the completion of any such agreements with IFC staff
• Support IFC counsel on local currency offerings as well as other IFC treasury products.
• Identify and analyze legal and policy issues associated with investment or upstream/advisory projects.
• Contribute to and support CLED’s Knowledge Management objectives.
Selection Criteria
• Strong oral and written communication skills in English and Turkish, knowledge of French, Russian and/ or Arabic is a plus
• Ability to present both written and oral ideas clearly, concisely, and persuasively
• Ability and willingness to provide effective legal assistance to counsel by performing multiple, concurrent and progressively more difficult assignments and tasks to meet changing business needs
• Excellent problem solving and analytical and research skills and attention to detail
• Ability to handle a diverse range of issues within tight deadlines
• Ability to work as a team member in a multi-cultural environment
• Ability to prioritize and manage tasks effectively
• Passionate, positive attitude; outstanding flexibility, adaptability, and sense of accountability
• Ability to work independently and take initiative in a fast-paced environment
• Word processing experience and proficient computer skills, particularly in using information databases, internet/intranet services and library sources
• An undergraduate (college) degree, preferably in the legal field and ideally professional experience of 2-3 years in a law firm and /or several years of relevant experience in assisting counsels with preparation and handling of legal documentation in a paralegal or similar capacity;
• Good References
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
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.
