[Remote] Legal Counsel, Risk & Disputes at Wealthsimple

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

LL.B. or J.D. and member of a Canadian provincial bar association, preferably called in Quebec
3-5 years of litigation experience, preferably with a mix of private practice and in-house experience
Demonstrated knowledge in areas relating to banking law and the financial services industry (as noted above), and the Quebec legal system
Ability to build effective relationships with internal partners, regulators, and external counsel
Strong communication and problem-solving skills, and the ability to balance multiple competing priorities
Bilingualism (English and French) required

Responsibilities

Evaluate business decisions and provide advice to senior business leaders on potential legal risk issues, taking into account both legal and business perspectives
Respond to disputes and third party investigations, with the exception of employment disputes
Handle complex business and legal issues in a fast-paced, agile and evolving technology-driven business environment
Provide substantive legal advice on disputes arising from all aspects of a payments and brokerage business, including with respect to: bills of exchange and payment rules, debt recovery, fraud, lending issues, negligence, third party demands, and the company’s obligations under federal and provincial legislation
Proactively identify and resolve emerging business risks that Wealthsimple may face across its product offering
Contribute actively to innovative ideas for quality and scalability within our rapidly growing business
Implement AI and other innovative technology to increase the quality and effectiveness of our risk management program
Assist or lead ad hoc projects and internal investigations as directed
Manage formal legal proceedings, including the cost and performance of external counsel
Provide support with respect to court summonses, court orders, regulatory inquiries, and court documentation or filings
Partner with all relevant units to ensure effective management and compliance

Skills

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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