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Career Category: Financial Services, Legal Counsel, Regulatory Compliance
Posted Date: 2011-07-12
Location: Toronto
Our Client, a top tier Canadian-based Investment Solutions firm is seeking to hire a Director, compliance and Legal Counsel to join the company’s subsidiary Trust Company.

Overseeing the compliance team, the Director, compliance and Legal counsel reports to the Senior VP, CCO and CFO. The successful candidate will ensure the company’s adherence to its policies and procedures to meet applicable regulatory and operational requirements. As legal counsel, you will be responsible for contract review regulatory advice and the general management of business and legal risk.

Your Responsibilities Will Include:

- Developing and advising on policies and procures due to regulatory/legal requirements, industry practices, internal policies, and risk practices
- Advising the CCO on and conducting/overseeing internal investigation relating to potential non-compliance
- Advising the board and CCO on, and assisting in, managing various matters including:
o OSFI or other regulatory oversight/agencies
o Reviewing new products, marketing materials, business initiatives and systems for compliance with regulatory/legal requirements
o Client Complaints
- Advising the CCO and business partners compliance with legal/regulatory requirements
- Reviewing client and other documentation to ensure compliance with legal/regulatory requirements
- Advising on registration issues
- Overseeing the implementation and monitoring of the company’s Legislative Compliance Management System
- Working with Legal and Compliance teams, overseeing and reporting findings regarding the company’s policies and processes relating to:
o Anti-Money Laundering and Terrorist Financing (AMLTF)
o Privacy
o Complaint Handling
o Financial consumer Agency of Canada (FCAC) Requirements
o TLCA Compliance
o Compliance with all governing legislation

- Reporting verbally and in writing to senior management, the Board of Directors, and other management committees
- Managing, delegating and reviewing the work of compliance staff, ensuring deadlines and requirements are met
- Overseeing proactive compliance coaching/mentoring/training for staff at all levels in the organization
- Becoming subject matter expert in compliance and legal matters relating to the Trust company
- Reviewing and negotiating legal agreements related to the Trust company
- Working with internal and external business partners to effectively manage corporate business risk


- 7+ Years experience – regulatory compliance activities, including administering compliance programs, with at least 3 Years at management level
- LLB degree
- Independent worker, problem solving skills and ability to thrive in a fast paced, team-oriented environment
- In depth understanding of legislation relating to federally-regulated financial institutions governed under the TRUST AND LOAN COMPANIES ACT or the BANK ACT
- Exceptional oral and written communication skills
- Ability to analyze and interpret complex regulatory, legal and commercial documents
- Strong relationship building and interpersonal skills
- Ability to influence and make decisions
- Ability to develop policies and procedures and provide internal advice that is practical, understandable and reflective of the specific needs of all relevant departments within the organization
- Financial services industry experience is desired
- Experience in dealing with financial regulators in desired

If this describes you, please forward your resume and cover letter to Only those with Regulatory Compliance Experience and a law degree need apply. We will only be contacting those with the requisite experience. Thank you.



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