Date: 15/04/2007

The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, is a full-fledged multilateral financial institution based in Jeddah, Saudi Arabia. ICD's authorised capital amounts to US$ 1 billion and its subscribed capital is US$ 500 million. Operating according to the Shari'a principles, ICD aims at promoting and developing the private sector in its member countries.

In order to reinforce its team of highly competent professionals, ICD seeks:

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Director, Corporate Support Department (Ref: ICD/CSD/2201):

The selected candidate is expected to Plan, lead and co-ordinate the Corporate Support function of the institution which consists of human resources, the information technology, the administrative services and the Board secretariat functions. He is expected to develop and implement the corporate support strategy as part of the ICD's overall strategy. Oversee and direct the Support Services function to ensure that timely cost effective, high quality services are provided to support core ICD operations; Oversee and direct the Library function to fulfil the information requirements of ICD staff, keeping them abreast with the new trends in economics and related subjects, facilitating their research work, and building up a complete set of ICD member countries information profiles

Applicants must have an MBA or any other technical equivalent degree with a minimum 10 years experience including a proven track record of senior management in a similarly complex organisation and must have good report writing and analytical skills. Fluency in Arabic and English is a must, knowledge of French is an advantage.

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Director, Legal Department (Ref: ICD/LD/2302):

The selected candidate is expected to provide professional legal advice to corporate and senior management regarding all aspects of applicable business law and legislation in order to protect the rights of the corporation. He is expected to contribute toward the formulation and implementation of overall business strategies and plans which enable the achievement of the corporation mission and objectives; ensure the effective achievement of Corporate Legal functional objectives; direct the development and oversee the implementation across all business units of a legal philosophy and operational policies; define an optimum organization structure for the Corporate Legal function; provide professional advice and support to all levels of the business on the full range of legal and compliance issues; direct all legal activity to ensure that personnel adhere to legal policies and procedures; analyze the legal Implications and investigate the change.

Candidates must have minimum 10-15 years legal management experiences in a corporate environment (preferably in an Islamic financing institution); experience of developing and implementing legal compliance frameworks in a corporate environment; excellent working knowledge of shariaa principals, project finance, trade finance and Islamic Banking; excellent communication skills in 2 of the working languages (Arabic, English and French) . Third language is an advantage. Candidates must be a law graduate from a recognized university. Post graduate qualification such as Masters or PhD, is highly desirable. Substantial "hands-on" experience in drafting agreements. Substantial experience and success in working and negotiating with international customers; Superior advocacy skills, including the ability to effectively and efficiently communicate in writing and orally, an aptitude for practical negotiation, the capability to think clearly and quickly under pressure, and the composure to satisfy multiple and often competing interests; a strong commitment to integrity and professionalism; a work history that affirmatively demonstrates leadership and ability to persuade and push others to deliver on commitment; superior negotiating skills and ability to work in complex international environment, substantial experience working in different cultures and an open and tolerant mind with respect to diversity; record of dedicated and successful teamwork, excellent interpersonal and diplomatic abilities and a well-developed sense of humor.

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Deputy Director, Investment Operation Department (Ref: ICD/IOD/2301)::

The selected candidate is expected to support the Director of the Investment Operations Department (IOD) and to provide assistance in distributing, monitoring and controlling the department's work, supervising the professional staff in accomplishing their work, ensuring the adoption of quality assurance during the financing proposals appraisals, undertaking periodic review of the IOD activities, identifying areas of investment and making recommendations about financing and formulating financing programs. In addition to the preparation of short and medium-term plans and programs, such as the annual business plan, the administrative budget and the mission programs. Candidate should have a proven and strong networking with key business figures and financial institutions and most importantly outstanding interpersonal, negotiating and communication skills. Applicants must have a masters in Business Administration (MBA) or engineering degree with minimum 10 years of experience in appraising projects including a proven track record of senior management. Good report writing, presentation and analytical skills. Proven proficiency in English, Arabic and French.

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Division Chief, Resource Mobilization (Ref: ICD/PMD/2505):

The selected candidate will be supervising this Division which is responsible for evaluating financing/ investment proposals; structuring Shari'a compliant transactions; liaising with the Investment Operations Department of ICD and other Islamic financial institutions to arrange syndications; managing relationships with Islamic financial institutions; Structuring the issuance of sukuks for both ICD and its clients. The applicants must have MBA or master degree in finance or international finance from a recognised university with a minimum 10 years of experience in the field preferably in an Islamic financial institution. Fluency in Arabic and English; knowledge of French is an advantage.

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Division Chief, Financial Services & Capital Markets (Ref.: ICD/PMD/2703):

The candidate is expected to assist in setting up this new division that has recently been created by ICD. The Division will appraise the Corporation's equity investments in financial institutions and provide financial advisory services to private sector companies operating in ICD member countries. The Division is also expected to follow up the financial markets of both member and non-member countries and to help establish and promote Islamic Capital Markets in the member countries. Applicants must be graduates in a related field, with a post-graduate degree in finance and a minimum of 10 years experience working for an investment bank or an international financial consultancy firm. They should have a practical experience of the various financial instruments available on the national and international capital markets, bearing in mind that not all instruments are Shari'a compatible. Fluency in Arabic and English is a must, knowledge of French is an advantage.

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Project Follow-up Officer (Ref.: ICD/PMF/2301):

The Project Follow-up Officer is expected to follow up and monitor the different investment projects (term financing, equity, etc.) from the date agreements are declared effective till final closure; monitor and review the clients' financial situation to ensure adherence to the required covenants; review and process the disbursement requests, insure compliance with the signed agreements, prepare final clients' payment schedules and monitor compliance in payments to schedules. The Project Follow-up Officer should know how to open and process LCs. Applicants must have a B.Sc. degree in Banking or Finance , preferably with an MBA degree, with at least 5 years' experience in the same field and must have good report writing and analytical skills. Fluency in English is a must, knowledge of Arabic and French is an advantage.

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Portfolio Management Officer (Ref.: ICD/PMF/2602):

The Portfolio Management Officer is expected to manage and market funds to Islamic financial institutions, independently evaluate financing / investment proposals and administrate ICD's portfolio. The applicants are expected to monitor the performance of ICD's equity portfolio; liaise with the Investment Department to finance and arrange syndication; create new Funds and manage relationships with Islamic financial institutions; securitization of ICD's and other financial institutions' portfolio. Candidates must be graduates in Finance or International Finance from a recognized university with a minimum of 5 years experience in the field (preferably with a post-graduate degree in finance or an MBA) and have good report writing and analytical skills. Fluency in English is a must, Arabic or French is an advantage.

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Lawyer (Ref.: ICD/Law/2604):

The Lawyer will be responsible for rendering legal opinion, drafting and reviewing contracts and agreements, and initiating and following up legal actions relating to all aspects of the management and operations of the Corporation. Must have a first degree and a Master's in law from a reputable university. Good working knowledge of Corporate and banking laws, project financing activities, equity investment, international commercial transactions, legal notes. Minimum of 5 years of legal practices in an international environment relating to investment financing (preferably Islamic financing modes). Fluency in Arabic and English; knowledge of French is an advantage. Computer and office automation literacy.

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Investment Officers (Ref.: ICD/Inv/2501):

The Investment Officers are expected to analyse and appraise project financing proposals, participate in negotiations with clients and in the marketing of ICD's financial products and services in the member countries. They are also expected to build and maintain relationships with project sponsors and other financial institutions. Candidates must be graduates in a related field (preferably with a post-graduate degree in finance or an MBA) and have good report writing and analytical skills. A minimum experience of 5 years in the field of expertise is required, preferably with an international/regional financial institution. Fluency in Arabic and English; knowledge of French is an advantage.

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Resource Mobilization Officer (Ref.: ICD/FIN/2704):

The selected candidate is expected to raise funds in the Financial markets through a Sharia'a compliant fixed income and or equity instrument. The Officer will report to Finance Director. The main responsibilities are: Capital raising through Islamic Fixed Income Securities; Equity offering of ICD Shares; Securitization of ICD assets; Participation and origination of in syndications; Building a network with similar institutions in the area of Resource Mobilization; Liaise with banks and financial institutions; Any other duties that may be assigned to him. The applicant must have excellent skills in written and oral communication; ability to work independently with minimal supervision: strong organizational, research, and computer skills; a Masters degree in an Finance or related discipline; a thorough understanding of capital market and or Treasury, Preference will be given to candidates with experience in Corporate Finance, and appropriate professional certification. Fluency in Arabic and English; knowledge of French is an advantage.

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Officer, Financial Services & Capital Markets (Ref.: ICD/PMD/2701):

The selected candidate is expected to appraise the Corporation's proposed equity investments in financial institutions and provide financial advisory services to private sector companies operating in ICD member countries; follow up the financial markets of both member and non-member countries and help in establishing and promoting Islamic capital markets and products in the member countries. Applicants must have a post-graduate degree in finance and a minimum of 3-5 years experience working for an investment bank or an international financial consultancy firm. Fluency in Arabic and English is a must, knowledge of French is an advantage.

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Assistant Record Management Officer (Ref: ICD/CSD/2509):

The candidate is expected to prepare and organise contents of the files according to the department's procedures; maintain the files according to the prescribed retention schedules; send and retrieve files from the Records Centre according to the ICD procedures; co-ordinate the microfilming of old records with the Microfilm Unit and to handle the requests for retrieving such records; participate in automating and converting the paper files into electronic format either by typing or scanning; handle the enquires, perform all inventory control duties related to filing such as checking out and updating filing lists and directories; maintain updated lists of available files and provide them to concerned staff in the department. Applicants must have a diploma in secretariat with minimum eight years experience in maintaining files or any higher related degree; B.A. language, information systems; with minimum four years experience in maintaining files. Practical knowledge in preparing documents and tables using latest Microsoft Word, Excel, etc. Ability to use electronic-mailing systems. A minimum typing speed of 40 words/minute in both Arabic/English. Spoken and written command of both English and Arabic.

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Editor (Ref: ICD/CSD/2802):

The candidate is expected to supervise, co-ordinate and approve the compilation of documents published by the ICD to ensure that high standards of information and presentation are achieved in publicising the work of the ICD; Receive and review articles, press releases and documents published by the IDB to ensure the high quality of all materials.. Provide advice and guidance as required to press officers and journalists to ensure that their work is of a high standard. Co-ordinate the production of ad hoc and periodical documents prepared by the Bank to ensure that they are produced to time and quality standards. Applicants must be graduates in journalism and a minimum of 7 years experience working. Fluency in Arabic and English is a must, knowledge of French is an advantage.

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Applications are invited from citizens of member countries of the Islamic Development Bank. ICD offers an internationally competitive tax-free salary paid in US dollars, with a wide range of excellent benefits. If your are interested in making a promising and rewarding career in a new organisation with an unlimited growth potential, please send your resume with salary history, within three (3) weeks of the date of this advertisement, to:

. .

Director, Corporate Support Department

Director, Legal Department

Deputy Director, Investment Operation Department

Division Chief, Resource Mobilization

Division Chief, Financial Services & Capital Markets

Project Follow-up Officer

Portfolio Management Officer

Lawyer

Investment Officers

Resource Mobilization Officer

Officer, Financial Services & Capital Markets

Assistant Record Management Officer

Editor

 

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