Division Manager, Legal

  • Contract
  • Jeddah
  • Posted 1 week ago

IsDB - Islamic Development Bank

IDB3287 – Division Manager, Legal

Business Unit:
ITFC
Division:
Not Applicable
Department:
Not Applicable
Contract type:
Conditional Regular (Indefinite) Employment
Country:
Saudi Arabia
Location:
Saudi Arabia – Jeddah
Closing date:
13-May-2024

JOB PURPOSE:

The Legal Department (LD) is the custodian of legal affairs of the International Islamic Trade Finance Corporation (ITFC) and its mandate is to advise on all legal issues affecting ITFC’s business and providing legal services and solutions to enable the fulfilment of ITFC’s mission and vision.

This role is responsible for leading the Operations Division and advising on the overall ITFC strategy from a legal standpoint by communicating issues, legal risks, opportunities, and trends on a regular basis to the General Manager of the Legal Department. This role is also responsible for the implementation of cross-border trade activities and promotion by providing opinion and advice from a legal compliance perspective.

KEY RESPONSIBILITIES:

Strategic and Managerial Responsibilities

  • Establishing the Operations Division’s short and mid-term strategy in consultation with the General Manager of the Legal Department.

  • Developing key policies/directives operating procedures and manuals necessary for the effectiveness of the Legal Division.

  • Advising on the business direction and vision for ITFC, in alignment with the strategic priorities for the organization and identifying enablers for success in the long term, in collaboration with the senior leadership.

  • Managing the team within the Legal Division by evaluating performance of team members against set targets, providing feedback on an ongoing basis, identifying development needs and coaching team members to ensure ongoing capability development.

  • Distributing the roles and assignments within the Division in consultation with the General Manager.

  • Identifying the Division’s key enablers for successful delivery and formulation of budgetary requirements in consultation with the General Manager of the Legal Department.

Legal Advice and Due Diligence

  • Provide legal advice and guidance for business requirements on matters related to the legal scope, such as financing agreements, international agreements, contracts, and other matters that pose legal risks.

  • Clearance of legal opinion from law firms where appropriate for matters related to legal needs of ITFC.

  • Clearance of financing agreements and contracts between ITFC and counterparties to ensure legal risks are addressed and mitigated.

  • Clearance of financing agreements and contractual obligations that ITFC is a party of with respect to legal implication and requirements of concerned parties.

  • Raise any legal risk to the General Manager of the Legal Department pertaining to internal business practice to safeguard the interest of ITFC.

  • Supervise the legal due diligence process of transactions within the division to ensure legality in trade operations, resource mobilization processes, liquidity investments and any other interactions with ITFC counterparts.

  • Clearance of legal opinions on financing and investment agreements that contain fulfillment and conditions to be met.

  • Ensure agreements ITFC is party to are in full compliance with the regulatory requirements of the member country’s legal environment.

  • Support the team in charge of ITFC Legal affairs, as needed.

  • Analyzing and presenting activity and performance reports of the Division/Department to ITFC senior management.

  • Forging and maintaining partnerships with trade organizations, multilateral development banks, world trade bodies as well as partnerships with locally based legal service providers across member countries to solicit expert local legal advice and ensure representation in coordination with the General Manager, Legal Department.

Qualifications & Other Certifications:

  • Master’s Degree in law

  • Specialization in trade finance related matters or international business law preferred

Language Skills :

  • English is compulsory

  • Arabic and/or French are preferable

Years of Experience :

  • Minimum 9 years of experience

  • Minimum 3 years in a Managerial/Leadership role

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