ย
ย Description
IFC โ a member of the World Bank Group โ 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 2023, IFC committed a record US$43.7 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.
IFCโs Business Risk and Compliance Department (CBR) supports IFCโs business teams by helping to mitigate certain risks that may occur in IFC investment and advisory projects. One of these is โintegrity riskโ โ corruption, fraud, economic sanctions, litigation, criminal activity/history, politically exposed persons, opaque ownership structures โ any of which can affect the integrity of an IFC project, or adversely impact IFCโs reputation as the preeminent international organization operating in the private sector.
To this end, IFC business teams conduct integrity due diligence (IDD) to identify integrity risks in IFC advisory and investment projects, platforms and other new products and initiatives, and CBR supports them by providing advice on managing and mitigating those risks.
IFCโs business strategy requires staff to be in the region, closer to clients, and better positioned to support IFC operations.ย The position will be based in Sao Paolo, Brazil.
ROLES AND RESPONSIBILITIES:
What You'll Be
โขย An Integrity Counsel focusing on the Latin America and Caribbean region.
โขย A strategic partner to business teams (investment and advisory).
โขย A visible, vocal and influential champion for the proper management of integrity issues.
โขย Reporting to the Principal Counsel โ Head, IDD/AML, who leads the Integrity Unit in CBR.ย
What Youโll Do
Youโll advise business teams with an independent voice on all core aspects of integrity risks as they impact IFCโs clients, partners, transactions and new products/initiatives in the above region, to include:ย
โขย Evaluating integrity and reputational risks, making recommendations, and providing solutions to mitigate risk.ย ย
โขย Employing knowledge, expertise, and sound judgment to address IFCโs unique integrity risk profile.
โขย Developing expertise in regional IDD issues across all sectors in which IFC works.
Youโll provide legal advice to business teams and management on integrity-related matters in transactions, new products/initiatives, and IFC operations generally, including on the following subjects:
โขย International and national anti-corruption/bribery laws and regulations (e.g., FCPA, UK Bribery Act, etc.)
โขย International standards and guidance relating to AML/CFT (e.g., issued by Financial Action Task Force (FATF), the Wolfsberg Group) as well as national AML/CFT laws and regulations.
โขย Other integrity-related laws/regulations and legal issues that arise in IFC business.
โขย Economic sanctions (such as the UN, EU, UK, and US regimes) and other international trade sanctions and export controls.
โขย Crisis management and legal advice related to significant integrity legal matters, including potential or actual litigation or involving complex legal issues.
โขย The legal workings of the WBG Integrity Vice-Presidency (INT) and WBG Sanctions System.
Youโll also provide legal advice to business teams and management on integrity-related contractual provisions, to include:
โขย Reviewing current integrity-related provisions in IFC legal agreements.
โขย Drafting new integrity-related provisions in IFC legal agreements and bespoke legal provisions in IFC financing documents.
โขย Negotiating with clients to build out contractual protections on integrity-related matters.
โขย Advising on integrity-related provisions for legal documentation relating to new products/initiatives.
โขย Drafting disclosures for Board papers.
Selection Criteria
โขย Juris Doctorate (JD), Bachelor of Laws (LLB) or equivalent.
โขย At least 8 years of working experience including a minimum of 5 years providing legal advice on international business transactions, project finance, investment funds, or litigation including experience advising on business integrity-related matters (such as anti-corruption laws, AML/CFT, economic sanctions, etc.).
โขย Law firm experience, is a plus.
โขย Fluence in English and Spanish or Portuguese.ย
โขย Experience evaluating the compliance programs of private sector companies, is a plus.
โขย Working familiarity with laws and regulations, industry and international standards at the intersection of integrity and AML/CFT, is a plus.
โขย Experience presenting engaging workshops and trainings to staff and management at all levels.
โขย Highly developed technical skills with solid judgment.
โขย Ability to work independently and demonstrate sound judgment on what to escalate.ย ย
โขย Clear, concise, and cogent writing skills and ability to provide concrete recommendations.
โขย Ability to build effective client relationships.ย
โขย Genuine commitment to sharing knowledge and expertise.
โขย Diplomacy and ability to work with individuals from diverse cultures and backgrounds.
โขย Highly personal integrity, strong values, and ethics.
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 theย World Bankย andย IFC, including our values and inspiring stories.