Assistant General Counsel (Special Assets)

This position is located in DFC's Office of the General Counsel (OGC). The successful candidate will serve as an Assistant General Counsel and advise on the legal and policy aspects of DFC's distressed projects portfolio.

Qualifications:

IMPORTANT INFORMATION CONCERNING OPEN CONTINUOUS ANNOUNCEMENTS

This is an open continuous announcement and will be used to fill vacancies with interested and qualified applicants ready to be certified for current and future vacancies.

To receive consideration for vacancies, applicants must submit complete applications prior to the established cut-off date(s). An initial cut-off will take place March 31, 2026 to begin initial applicant consideration. Additional cut-off dates will occur April 7, April 14, April 21, April 28, May 5, May 12, and May 19, 2026.

Candidates for the position who submit a complete application by 11:59 PM Eastern Time by the cut off date will be reviewed and referred if found eligible and qualified. This announcement will remain open until the closing date indicated. Applicant referral lists will be issued for consideration, every week.

Applicants must meet all eligibility and qualification requirements no later than the closing date (by cut-off dates) of this announcement.

BASIC REQUIREMENT

Applicants must (1) be a graduate of an accredited law school with an LL.B. or J.D.; and (2) be a current member of a bar with a valid license to practice law in a state, territory of the United States, District of Columbia, or Commonwealth of Puerto Rico. If selected, an official law school transcript and proof of an active bar membership will be required.

ADDITIONAL REQUIREMENT
In addition to the Basic Requirement listed above, you must meet the required specialized experience listed below.

You may qualify at the GS-14 level, if you meet the following qualification requirement: At least three years of full-time professional legal experience gained after being admitted to the bar. The minimum three-year work experience requirement includes at least two years of specialized experience that is directly related to the position being filled. At least one of the two years of specialized experience must be at a level of difficulty and responsibility equivalent to that of an attorney at the GS-13 level.

You may qualify at the GS-15 level, if you meet the following qualification requirement: At least five years of full-time professional legal experience gained after being admitted to the bar. The minimum five-year work experience requirement includes at least four years of specialized experience that is directly related to the position being filled. At least two of the four years of specialized experience must be at a level of difficulty and responsibility equivalent to that of an attorney at the GS-14 level.

Specialized experience is defined as experience advising clients in addressing cross-border legal and business issues and risks relating to loan restructurings and workouts and/or with respect to distressed financial products, including structured investment vehicles and collateralized debt obligations. Representing administrative or collateral agents, lenders, creditors, or other interested parties in connection with an out-of-court restructuring and/or in-court restructuring (bankruptcy, liquidation, etc.).

Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.

This announcement may be used to fill similar positions, if additional vacancies occur.

Responsibilities:

The U.S. International Development Finance Corporation (DFC), established in 2019 with bipartisan support under President Trump, is America's development finance institution. DFC partners with the private sector to advance U.S. foreign policy and strengthen national security by mobilizing private capital around the world. DFC invests across strategic sectors including critical minerals, modern infrastructure, and advanced technology - fostering economic development, supporting U.S. interests, and delivering returns to American taxpayers.

As an Assistant General Counsel (Special Assets) you will work with the special assets and portfolio teams to:

• Negotiate and document DFC restructurings/workouts and lead DFC project teams through bankruptcies and collection actions across the globe and across sectors, including for project financings, infrastructure loans, corporate loans, and loans to investment funds and other financial intermediaries. Dollar values vary but often involve complex documentation in emerging markets. Transactions include:
  • Restructuring (both in and out-of-court) distressed or underperforming debt for improved credit terms and equity-linked upside (e.g., warrants, convertible instruments, or profit participation); and
  • Selling/disposing of distressed or underperforming debt in secondary markets or to strategic investors.
• Develop and implement creative and effective workout strategies and advise on collection strategy, alternatives to litigation, and inter-creditor workout arrangements.
• Serve as "first chair" in negotiations with borrowers, sponsors, multilateral development banks, development finance institutions, export credit agencies, commercial lenders and other creditors.
• Support other monitoring and portfolio related matters from time to time.
• Analyze foreign and international law issues, advise on corporate matters, litigation and other dispute resolution strategies, jurisdiction, and DFC policy matters.
• Manage outside counsel.

Salary : $143,913