Senior Legal Counsel, Regulatory

At Interac, we design and deliver products and solutions that give Canadians control over their money so they can get more out of life. But that’s not all. Whether we’re leading real-time money movement, driving innovative commerce solutions like open payments for transit systems, or making advancements in new areas like verification and open banking, we are playing a key role in shaping the future of the digital economy in Canada.
 

Want to make a lasting impact amongst a community of creative thinkers, problem solvers, and high-performance application developers? We want to hear from you.

As Senior Legal Counsel, Regulatory at Interac Corp., you will be responsible for providing forward-thinking legal guidance and strategic risk analyses for Canada’s first FinTech, promoting innovation while protecting Interac’s reputation as one of the most trusted financial brands in Canada.

We are looking for a lawyer with keen business judgment and a genuine interest in payment network and financial services to provide sophisticated advice on a broad range of legal and regulatory activities. Interac lawyers handle complex issues, often in real time, to provide practical and actionable advice to an organization that continues to explore uncharted territory in financial services technology.

In this role, you will work collaboratively with a close-knit team of sharp, solution-oriented professionals from the product, legal, compliance, risk management, and government teams on issues that challenge you to balance legal imperatives with the core business values, risk tolerance and enterprise strategy of a renowned financial services organization.

You’ll be responsible for:  

Working in a fast-paced business and technology environment, partnering with business units, and playing a key role in driving the company's products and services forward.

Providing strategic and actionable legal advice on key portfolios in the business and emerging technologies to complete time sensitive projects while mitigating potential legal risks.

Drafting, reviewing, negotiating, and managing communications with regulators including the Bank of Canada, Financial Consumer Agency of Canada, and Competition Bureau Canada.

Advising Interac’s various product lines with respect to federal and provincial laws affecting the payments business.

Providing advice to the Company on the implementation of new regulatory requirements (including the regulatory inventory).

Advising on emerging issues in the payments space such as Open Banking.

Assisting the customer dispute resolution office in responding to complex customer issues, including with respect to the Financial Services Regulatory Authority of Ontario’s Fair Treatment of Customers.

Collaborating with legal colleagues to ensure a consistent approach to the analysis and interpretation of legislation, regulations and applicable industry guidelines.

Participating in the continuous improvement of our processes and systems, through, for example, the creation and maintenance of templates and precedents.

Exercising business judgment to deliver practical and pragmatic solutions in an environment when the “right” legal answer is often unclear.

Working as a collaborative member of the Legal team, a mentor to junior lawyers and a resource for internal knowledge management and precedent development.

Participating in industry panels such as the FINTRAC AML/ATF Regime Advisory Committee

Working closely with the Government Relations and External Affairs group on emerging issues; consultations with Executive leaders n emerging legal/regulatory issues

You bring:  

A Law Degree and membership in good standing with the Law Society of Ontario.

Eligibility to work for Interac Corp. in Canada in a full-time capacity. 

A minimum 5-9 years practical post-call legal experience in both a corporate legal department and a law firm.

Prior experience working for technology vendors, in financial services or the payment industry (preferred).

Working knowledge of privacy, cybersecurity, Code of Conduct, CASL and other regulatory requirements applying to the financial services industry and payment network operators (preferred).

Experience with financial services technologies, including mobile payments, digital banking, digital identification, verification and authentication and other electronic payments technologies, in addition to traditional payment systems and payment card network operators (preferred).

Proven experience advising on a wide range of matters spanning from privacy, competition, intellectual property, technology, and licensing.

Willingness to take on a variety of responsibilities and roles that support the team, department, and organization.

Critical thinking skills with cogent analysis of legal and business issues.

You are adept at identifying, assessing, and managing legal and reputational risk.

You are an independent, creative problem solver and are proactive with time management and project prioritization.

A keen interest in the products, services, and interdependencies at Interac and in the payments ecosystem.

Interac requires employees to complete a background check that is completed by one of our service providers.  We use this service to complete the following checks:

Canadian criminal record check;Public safety verification;Canadian ID cross-check;5-year employment verification;Education verification; andIf applicable, Credit Inquiry and Social Media Check

How we work
We know that exceptional people have great ideas and are passionate about their work.  Our culture encourages excellence and actively rewards contributions with:

Connection: You’re surrounded by talented people every day who are driven by their passion of a common goal.

Core Values:  They define us. Living them helps us be the best at what we do.

Compensation & Benefits: Pay is driven by individual and corporate performance and we provide a multitude of benefits and perks.

Education: To ensure you are the best at what you do we invest in you

Please be aware of certain individuals fraudulently using Interac Corp.’s name and logo to offer fictitious employment opportunities. Interac Corp. will never ask, solicit, nor accept any monies in exchange for employment opportunities. Any such offers of employment are fraudulent and invalid, and you are strongly advised to exercise great caution and disregard such offers and invitations.

Please note that under no circumstances shall Interac Corp. be held liable or responsible for any claims, losses, damages, expenses, or other inconveniences resulting from or in any way connected to the actions of individuals performing such fraud. Further, such fraudulent communication shall not be treated as any kind of offer or representation by Interac Corp. or its subsidiaries and affiliates.