IDB Invest - Legal Associate (Paralegal)
The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.
About this position
We are looking for a dynamic and innovative Paralegal who will help us change people lives in Latin America and the Caribbean working in the Financial Markets and Product Legal Division of the Legal Department in IDB Invest.
Our Legal Department advises Management, the Board of Executive Directors and the Board of Governors on all legal matters relating to IDB Invest. As part of its functions, the Legal Department provides a full range of legal support to non-sovereign guaranteed operations throughout the entire transaction cycle, including origination, portfolio management, and workouts, and the development of new products. Also, we provide legal advice on all institutional and financial matters for IDB Invest, including governance, financial management, institutional integrity and administration of human resources.
What you will do:
Your main functions and responsibilities shall include the following:
Assists with drafting, and reviewing of legal documents related to the origination and portfolio management for projects of the IDB Invest, including technical assistance grant agreements, mandate letters, powers of attorney, internal resolutions, closing documentation, amendments, waivers and other related documents. Assists with the development and regular updating of model documentation and maintenance of the Legal Department intranet. Assists with the procurement of contracting external legal services, liaises with external counsel on transaction matters, drafting retainer agreements for contracting external counsel and tracking of external counsel invoices and data. Supports the financial closing of projects preparing documentation, including the execution, notarization and consularization of agreements, and the organization, review and tracking of conditions precedent to disbursement. Manages timely provision of official documents required for IDB Invest loans or investments. Coordinates the filing of physical and digital versions of legal documents and records in accordance with IDB Invest policies and procedures. Conducts research on a variety of matters, including IDBG policies and procedures, Legal Department opinions, and transaction precedents. Reviews or prepares translations of IDB Invest documents for external or internal use as applicable. Identify and recommend process improvement opportunities in the paralegal operational area to improve quality and timing of service delivery.What you will need:
Education: You hold a bachelor’s degree from an accredited university. You have knowledge and substantive legal experience in both Civil and Common law systems.
Experience: You have at least 3+ years of relevant professional legal experience preferably in transactional work.
Language: You are proficient (oral and written) in at least 2 official languages of IDB Invest (English, Spanish, Portuguese, and French), with knowledge of Spanish preferred.
Other: You have excellent organizational skills, including record-keeping and project planning, with a strong results orientation, and high level of attention to detail. You have proficiency in using Microsoft Office suite products (e.g., Power Point, Excel and Word).
In addition to the above, is preferrable, if you have proven professional experience in complex cross-border commercial transactions in one of the following areas:
Financial Intermediaries Supply Chain Financing Trade Financing Energy and infrastructure project finance; and/or Corporate finance transactions.
Skils:
Learn continuously Collaborate and share knowledge Focus on clients Communicate and influence Innovate and try new thingsRequirements:
Citizenship: You are either a citizen or with residency or legal permit to work in Washington DC (USA), Bogota (Colombia), Panama (Panama) or Kingston (Jamaica).
Consanguinity: You have no family members (up to the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.
Type of contract and duration
National staff contract, 36 months initially, renewable upon mutual agreement.
What we offer
The IDB group provides benefits that respond to the different needs and moments of an employee’s life. These benefits include:
A competitive compensation package
Leaves and vacations: 24 days of paid time off + 8 personal days + sick leave + gender-neutral parental leave Health Insurance: IDB Group provides employees and eligible dependents with a robust medical benefits program that covers medical, dental, vision, preventive care, and prescription drugs. Pension plan: defined benefit pension plan that provides financial security and supports employees in planning for their future. Hybrid and flexible work schedules Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for employees. Development support: We offer tools to boost your professional profile such as mentoring, 1:1 professional counseling, training, and learning opportunities, language classes, mobility options, among others.Our culture
At the IDB Group we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions.
Diversity, Equity, Inclusion and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request reasonable accommodation to complete this application.
Our Human Resources Team reviews carefully every application.
About the IDB Group
The IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean.
About IDB Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $16.3 billion in asset management and 394 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.
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Additional Information External Opening Date: Nov 15, 2023