Scotiabank

Tangerine Senior Legal Counsel, Retail and Credit Cards

Scotiabank • $120K — $150K *
Toronto, ON M3C 0E3In-Person
Legal & Accounting
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • J.D. from an accredited law school with 8-10 years of substantial in-house or private practice experience.
  • Member of the Law Society in a Canadian province.
  • Expert knowledge in banking and payment industries, particularly in retail banking and unsecured lending.
  • Strong analytical capabilities coupled with excellent communication and interpersonal skills.
  • Proficient in problem-solving and sophisticated legal drafting and writing.

Responsibilities

  • Champion a customer-focused culture to enhance client relationships and leverage internal connections.
  • Manage and mitigate legal and reputational risks within the bank's risk framework.
  • Provide timely legal advice while considering risk appetite in daily operations and decision-making.
  • Supervise outside counsel, including performance evaluations and adherence to legal policies.
  • Collaborate with the Compliance department to address regulatory issues and interpret banking regulations.
  • Draft and analyze complex legal documents, agreements, and customer-facing materials.
  • Research legal complexities at national or regional levels, providing insights on legislative impacts and trends.

Benefits

  • Inclusive and collaborative work environment fostering creativity and success.
  • Competitive rewards including performance bonuses, employee ownership programs, and pension plan matching.
  • Health benefits available from day one.
  • Access to career development and growth opportunities.
Full Job Description
Requisition ID: 268374

Contributes to the overall success of the Legal Department in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities are conducted in compliance with governing laws in addition to internal policies and procedures.

Is this role right for you? In this role, you will:

  • Champions a customer focused culture to deepen client relationships and leverage internal Legal and broader Bank relationships, systems and knowledge.
  • Champions a risk awareness culture and ensure that legal and reputational risks are identified and managed within Tangerine Bank's risk framework.
  • Ensure timely action is taken to effectively manage and mitigate legal and regulatory risks, including prompt escalation of issues as per established processes to ensure the Bank's objectives are met.
  • Understands how the Bank's risk appetite and risk culture should be considered in day-to-day activities, advice and decisions and provide legal advice with an awareness of the need to minimize reputational, legal and regulatory risk.
  • Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  • Champions a high-performance environment and contributes to an inclusive work environment.
  • Represents Tangerine Bank at select meetings or on committees with government, public and private organizations; researches and prepares submissions to government bodies on legislation and other issues affecting the organization.
  • Directs the activity of outside counsel. Supervises the work of outside counsel and supporting staff including appraising work performance and retaining outside counsel under Legal policies and reviewing invoices.
  • Works closely with Compliance to handle regulatory compliance issues, analyze and interpret banking regulations, and review/revise reports that are being submitted to the FCAC, and respond to other regulatory requests.
  • Participates in making recommendations on the course of action to be taken during litigation and regulatory matters with advice and support from internal and/or external counsel.
  • Provides legal analysis, documentation, negotiation, preparation, review, research and advice and counsel to Tangerine Bank and its business lines on matters of above average complexity in the development and improvement of both new and existing programs, products and services, policies and procedures.
  • Researches legal issues of substantial complexity on a national basis or regional basis and researches proposed federal and provincial legislation to evaluate impact on Tangerine Bank; may initiate the research of more junior counsel or articling students or outside counsel; informs management on developing legal trends and their impact and recommends courses of action; creates and maintains practices and procedures and related precedents within the Legal Department that can be leveraged by Legal and/or for use by business line partners as appropriate.
  • Provides legal analysis, documentation, negotiation, preparation, review, research, advice, and counsel to Tangerine Bank's retail banking business line on matters of above average complexity in developing and improving both new and existing products, services, programs, policies and procedures for retail deposit accounts, term investments, and registered plans.
  • Provides counsel and legal support on issues concerning provincial consumer protection legislations, Bank Act, Payments Canada rules, provincial consumer reporting legislations, and e-commerce laws.
  • Drafts, reviews and revises a wide variety of customer-facing documents and materials such as retail banking agreements, terms and conditions, marketing, advertisements, press releases, and articles.
  • Works closely with Compliance department to handle regulatory compliance issues, analyze and interpret banking regulations, and review/revise reports that are being submitted to FCAC.
  • Responds to inquiries made by other customer-facing departments that handle customer complaints and inquiries such as Ask Operations, Escalated Customer Concerns Office, Customer Complaints Appeals Office and Corporate Communications.
  • Negotiates, drafts, and revises the Bank's agreement with payment networks and other third-party payment/money transfer service providers.
  • Provides practical and risk based legal advice/guidance to retail banking business and other functions within the Bank such as Global Sanctions, AML, Fraud, Marketing and Privacy.


Retail Banking

  • Provides legal analysis, documentation, negotiation, preparation, review, research, advice, and counsel to Tangerine Bank's retail banking business line on matters of above average complexity in developing and improving both new and existing products, services, programs, policies and procedures for retail deposit accounts, term investments, and registered plans.
  • Provides counsel and legal support on issues concerning provincial consumer protection legislations, Bank Act, Payments Canada rules, provincial consumer reporting legislations, and e-commerce laws.
  • Drafts, reviews and revises a wide variety of customer-facing documents and materials such as retail banking agreements, terms and conditions, marketing, advertisements, press releases, and articles.
  • Works closely with Compliance department to handle regulatory compliance issues, analyze and interpret banking regulations, and review/revise reports that are being submitted to FCAC.
  • Responds to inquiries made by other customer-facing departments that handle customer complaints and inquiries such as Ask Operations, Escalated Customer Concerns Office, Customer Complaints Appeals Office and Corporate Communications.
  • Negotiates, drafts, and revises the Bank's agreement with payment networks and other third-party payment/money transfer service providers.
  • Provides practical and risk based legal advice/guidance to retail banking business and other functions within the Bank such as Global Sanctions, AML, Fraud, Marketing and Privacy.


Unsecured Lending / Credit Cards / Business Banking

  • Provides legal analysis, documentation, negotiation, preparation, review, research, advice, and counsel in support of: Credit Cards, Lines of Credit (unsecured/Retail), Business Banking; support the rewards program and cash back programs related to such products (such as Scene Program); support payment network matters as applicable; and a variety of legal matters including matters that are quite complex or have potential for significant material impact on the organization.
  • Provide prompt, commercial, practical and often complex and/or specialized legal advice to the Unsecured Lending Group and Business Banking, including being pro-active in the provision of legal support and in advising the business promptly of material legal developments and their implications.
  • Ensure the Executive Legal Group/ Senior Management for Retail Products & Unsecured Lending (RPUL) and Business Banking are fully briefed on major issues arising in relevant business areas and major legislative changes in area of expertise.


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

  • Graduate of a recognized law school with 8-10 years or more of significant practical in-house or private practice experience
  • Membership in the Law Society of one of the provinces of Canada.
  • Strong knowledge, expertise and experience in banking and payment industries including payments, credit cards, unsecured lending, retail banking. Familiarity with small business banking is an asset.
  • The position requires a high degree of analytical, human relations and communications skills, and a thorough knowledge of specialized areas of law.
  • Excellent problem-solving skills.
  • Sophisticated drafting and writing skills.


What's in it for you?

  • An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
  • Your career matters! You will have access to career development and progression opportunities.


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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