Senior Legal Counsel
Garner HealthSalary not specified
Full Time
Senior (5 to 8 years), Expert & Leadership (9+ years)
Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Banking, PaymentsIndustries
Requirements
Candidates must have 8+ years of legal experience in financial services, with a focus on technology contracts gained at a major Canadian law firm or in-house corporate legal department. Experience with drafting and negotiating complex legal agreements for banking and payments, familiarity with Canadian payments infrastructure, intermediaries, and vendors, strong communication skills, a collaborative and proactive mindset, comfort navigating ambiguity, and a strategic, builder mentality are also required.
Responsibilities
The Director, Legal will lead legal support for the negotiation, implementation, and management of commercial agreements for Wealthsimple's banking and payments infrastructure. This includes drafting, reviewing, and negotiating agreements with banks, processors, card networks, and infrastructure partners, owning contract drafting and risk allocation, and supporting the resolution of legal issues related to commercial agreements. The role involves partnering with Regulatory and Product Counsel to ensure alignment with legal and regulatory obligations, providing clear legal advice, resolving legal and contractual issues in existing relationships, collaborating with cross-functional teams to assess legal risks and develop strategies, using AI and other tools to streamline legal workflows, and contributing to the development of commercial templates and best practices.
Skills
Legal
Banking
Payments
Commercial Agreements
Contract Negotiation
Regulatory Compliance
Risk Management
Fintech
Wealthsimple
Digital platform for investing and financial management
About Wealthsimple
Wealthsimple provides a range of financial tools that help individuals manage their money effectively. Their services include automated investing, where users can set up investment accounts that automatically adjust based on market conditions, and commission-free stock trading, allowing users to buy and sell stocks without paying fees. They also offer cryptocurrency investments for those interested in digital currencies and a straightforward tax filing service that is designed to be quick and user-friendly. Wealthsimple stands out from its competitors by focusing on young professionals and tech-savvy individuals, providing a digital platform that is easy to navigate and understand. The company's goal is to simplify financial management, making it accessible to everyone by using technology to create a more personal and approachable experience in finance.
Toronto, CanadaHeadquarters
2014Year Founded
$826.6MTotal Funding
LATE_VCCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees
Benefits
Health Insurance
Life Insurance
401(k) Company Match
401(k) Retirement Plan
Paid Vacation
Unlimited Paid Time Off
Professional Development Budget
Wellness Program
Remote Work Options
Paid Holidays
Risks
Increased competition from zero-commission brokers could erode Wealthsimple's market share.
Invite-only rollout of Wealthsimple Cash may limit user adoption and growth.
Rapid cryptocurrency adoption pressures Wealthsimple to innovate its offerings continuously.
Differentiation
Wealthsimple offers a human-centric approach to finance with user-friendly digital tools.
The company provides a seamless platform for investing, trading, saving, and tax filing.
Wealthsimple targets young, tech-savvy professionals seeking accessible financial management solutions.
Upsides
Wealthsimple's AUA reached $50 billion, indicating strong market presence and growth potential.
The rise of AI-driven advisory services can enhance Wealthsimple's personalized investment offerings.
Fractional shares' popularity aligns with Wealthsimple's target demographic, boosting user acquisition.
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