Do you want to build a career that is truly worthwhile? The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group, and our mission is to promote foreign direct investment into developing countries to help end extreme poverty and boost shared prosperity. We do that through the provision of political risk insurance and credit enhancement to investors and lenders against losses caused by noncommercial risks. For the fiscal year that ended on Jun 2018, MIGA issued $5.55 billion in guarantees and had a gross outstanding portfolio of $23.3 billion. For more information, visit www.miga.org.
The Multilateral Investment Guarantee Agency (MIGA or the Agency) is seeking a Counsel for its Legal Affairs and Claims Group.
Innovation and partnership bond the five institutions of the World Bank Group (WBG): the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together form the World Bank; the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). The World Bank Group is one of the world's largest sources of funding and knowledge for developing countries. It uses financial resources and extensive experience to help our client countries to reduce poverty, increase economic growth, and improve quality of life. To ensure that countries can access the best global expertise and help generate cutting-edge knowledge, the World Bank Group is constantly seeking to improve the way it works. Key priorities include delivering measurable results, promoting openness and transparency in development, and improving access to development information and data.
In the context of the World Bank’s broad development agenda, MIGA is committed to promoting foreign direct investment in its member countries by issuing guarantees against non-commercial risks (political risk insurance contracts) to investors and lenders, covering expropriation, breach of contract, currency transfer restrictions, war and civil disturbance, and non-honoring of financial obligations of sovereigns, sub sovereigns and state-owned enterprises. Please visit www.miga.org for additional information regarding MIGA.
The Legal Affairs and Claims Group in MIGA (known as “MIGLC”) serves as the legal counsel for MIGA, and provides legal advice relating to the governance, operations, and other activities of the Agency. Among its principal responsibilities, MIGLC advises MIGA’s Council of Governors, Board of Directors and senior management, negotiates and drafts contracts of guarantee, manages all claims proceedings, facilitates discussions between investors and governments related to disputes and potential claims, oversees outside counsel, supports MIGA’s internal departments in risk and policy analysis, finance and risk management and external outreach, and promotes innovation and knowledge sharing in support of MIGA’s mission. MIGLC currently consists of eight attorneys, one legal analyst and three administrative staff, under the Director and General Counsel.
• Juris Doctor, LLB, or equivalent law degree; qualification to practice law in at least one jurisdiction. LLM degree is a plus.
• At least five (5) years of relevant legal experience in institutional and policy matters since earning law degree, preferably in an international financial institution or multilateral development organization
• Strong analytical skills. Ability to assess legal issues in an objective, practical and responsible manner and provide well-reasoned, independent and transparent advice.
• Demonstrate a history of having been able to (a) respond to multiple competing demands from internal and external clients under time pressure and (b) meet changing business needs.
• Excellent interpersonal skills, sound judgment and high ethical standards.
• Ability to communicate with tact and diplomacy within the WBG and with government officials.
• Strong organizational, research, and oral presentation skills.
• Excellent oral and written communication skills in English.
• Additional language skills desirable (Arabic, Chinese, French, Portuguese, Russian, Spanish).
• Understanding of the WBG mission and development agenda.
• Willingness to travel.
• References and a writing sample may be required as part of the selection process.
Deliver Results for Clients
Effective WBG staff set high standards and challenging goals, and measure impact. They address the needs and challenges of internal and external clients, while also keeping the goal of reducing poverty and increasing prosperity as the ultimate objective. They hold themselves accountable and take personal ownership for identifying and managing risks and delivering evidence-based results that are financially, environmentally and socially sustainable and have development impact. Proactively addresses clients’ stated and unstated needs. Adds value by constantly looking for a better way to get more impactful results; sets challenging stretch goals for oneself. Immerses oneself in client experiences and perspective by asking probing questions to understand unmet needs. Demonstrates accountability for achieving results that have a development impact and financial, environmental, and social sustainability. Identifies and proposes solutions to mitigate and manage risks.
Collaborate Within Teams and Across Boundaries
Effective WBG staff collaborate and work with others across and outside of the World Bank Group in order to achieve the best results for clients. They cultivate and leverage their professional networks to this end. They are inclusive in gathering options and information, and align their behavior and priorities with the needs and goals of WBG. They maintain a WBG corporate mindset above an individual or team perspective and are proactive in mitigating and managing conflicts. Collaborates across boundaries, gives own perspective, and willingly receives diverse perspectives. Appropriately involves others in decision making and communicates with key stakeholders. Approaches conflicts as common problems to be solved. Actively seeks and considers diverse ideas and approaches. Integrates WBG perspective into work.