E T Consultant
| Job #: | req22887 |
| Organization: | IFC |
| Sector: | Legal |
| Grade: | EC2 |
| Term Duration: | 1 year 0 months |
| Recruitment Type: | Local Recruitment |
| Location: | Washington, DC,United States |
| Required Language(s): | English |
| Preferred Language(s): |
| Closing Date: | 5/31/2023 (MM/DD/YYYY) at 11:59pm UTC |
Description
IFCa member of the World Bank Groupis the largestglobal development institution focused on the private sector in emergingmarkets. We work in more than 100 countries, using our capital, expertise, andinfluence to create markets and opportunities in developing countries. Infiscal year 2022, IFC committed a record $32.8 billion to privatecompanies and financial institutions in developing countries, leveraging thepower of the private sector to end extreme poverty and boost shared prosperityas economies grapple with the impacts of global compounding crises.Formore information, visitwww.ifc.org
Description of Assignment: Under the supervision of AMCs Head of Legal & Chief Compliance Officer, support all aspects of the AMC compliance program, policies and procedures framework, AMC operational risk monitoring and reporting, and supporting the legal team.
Roles andResponsibilities:
AMC Compliance Program
Work with the AMC Chief Compliance Officer (AMC CCO) and Deputy Compliance Officer (DCO) to ensure AMC's compliance program is robust and effective:
Facilitate the annual review and update of AMC's compliance policies and procedures to ensure continued alignment with AMCs compliance objectives and industry best practices governing fund management activities, and consistency with WBG staff rules.
Organize annual compliance training, which includes coordination with AMCs external compliance consultant.
Monitor course evaluation reports to identify trends and opportunities for continuous improvement
Work with AMC staff to ensure they complete periodic compliance activities in a timely manner.
Support the on-going maintenance of AMC Staff Compliance System which includes handling bug fixes if they come up, mandatory software upgrades, and implementing enhancements as needed.
Support the AMC CCO and DCO in the coordinate with IFC Business Risk and Compliance department with respect to their oversight of AMC's compliance program.
AMC Policies and Procedures
Draft new policies and procedures, and update existing policies and procedures, for the operations of AMCs new platform of funds. Coordinate with IFC Polices & Procedures team, as needed, to update the IFC policies and procedures that refer to AMC.
Operational Risk Monitoring and Reporting
Monitor business activities to ensure that operational risks arising from these activities are identified, assessed, mitigated, monitored and reported taking into consideration operational risk appetite, which is the type and level of operational risk that IFC is able and willing to assume given its mission and business objectives.
Periodically assess operational risks in terms of likelihood and impact.
Ensure that, when a risk materializes, the risk event is reported, and that the response is aligned with the magnitude of risk impact to the corporation.
Identify and monitor suitable metrics/indicators for risks arising from their respective activities.
Report, in standardized form, priority operational risks arising from their activities including emerging risks and risk events to the corporate operational risk management function.
Undertake special initiatives/projects and other ad-hoc assignments as needed.
Legal Responsibilities
Draft memos on legal issues that arise in the portfolio.
Identify and assess legal risk in business documents for adherence to confidentiality requirements.
Providing legal advice to ongoing projects and programs, including reviewing projects and program documents for adherence to policies, procedures, business objectives and summarizing as needed for the business teams.
Perform ad hoc assignments as requested by the Head of Legal and Compliance.
Selection Criteria
An LLM degree, J.D. with at least 6 years relevant experience and admission to the Bar (or equivalent) in at least one jurisdiction
Excellent legal research, writing, drafting, analytical and communication skills
Experience in international, commercial or contract law, in transactional legal work and the preparation or legal agreements
Excellent legal drafting skills, including agreements and memos
Understanding of regulatory frameworks and experience in compliance content creation
Strong organizational skills with an ability to manage multiple tasks under pressure
Excellent people skills and client service skills including the ability to effectively communicate in a team and/or collaborate across departments, capacity to give feedback and motivate action
Thorough knowledge and use of all relevant computer software, including advanced functions of WBG standard computer applications (Microsoft Word; Excel; Outlook; PowerPoint)
Fluency in English with ability to communicate ideas and concepts clearly and confidently in writing and orally
Demonstrated commitment to WBG core values, including excellence, mutual respect, collegiality, teamwork, diversity and inclusiveness, integrity, innovation, transparency, and accountability.
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 theWorld BankandIFC, 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.