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Requisition Number:  3296
Position Type:  Term
Position Length:  3 years possibility of extension/permanent
Location: 

Ottawa (Downtown), ON, CA

Closing Date:  6 February 2020 - 23:59 EST

Diversity and Inclusion
As one of Canada’s Top 100 Employers, we offer you a superior work environment that allows you to reach your full potential both professionally and personally. We make career growth and professional development a priority. We are committed to developing inclusive, barrier-free recruitment and selection processes, and a work environment that supports our diverse workforce.

Let our team know if you need accommodation or support during the recruitment process due to a disability or other reason. We can provide support in multiple ways, from using this site and submitting your application, right through to the interview process. If you are the successful candidate, you can also discuss accommodation needs when you receive your offer.

Contact accessiblecareers@bankofcanada.ca to discuss how.

Senior Legal Counsel


Take a central role
The Bank of Canada has a vision to be “a leading central bank—dynamic, engaged and trusted—committed to a better Canada.” No other employer in the country offers you the unique opportunity to work at the very center of Canada’s economy, in a diverse and inclusive organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in an environment where we are reinventing central banking, renewing ways of doing business and reinforcing a culture of innovation.

 

Did you know?
As announced in the 2019 Budget, the federal government proposes to introduce legislation to implement a new retail payments oversight framework. Under the proposed framework, the Bank would oversee payment service providers’ (“PSPs”) compliance with operational and financial requirements and maintain a public registry of regulated PSPs. 

 

The Bank is seeking a Senior Legal Counsel to support this new mandate.

 

About the position

Reporting to the Assistant General Counsel, you provide the Bank with expert legal services as a senior legal practitioner. You partner with the Bank’s Financial Stability Department to provide advice relevant to the Bank’s supervision of PSPs under the proposed retail payments oversight framework. Initially, you will be engaged in all aspects of the establishment and operationalization of the new oversight framework. Once established, you will provide support for the Bank’s oversight work. 


As our Senior Legal Counsel, you will also engage and manage outside counsel autonomously to represent the Bank in situations where specialist advice is required and will be required to partner with internal clients and legal counsel at other organizations to support evolving Bank or departmental needs.


Your future responsibilities

  • Assisting with the development of policies associated with the drafting of regulations to define the framework and public guidance to inform compliance. 
  • Applying administrative law experience to help develop supervisory guidance. 
  • Assisting with the development and design of public and internal policies, processes and documentation associated with the Bank’s supervisory responsibilities.
  • Advising on the application of the framework to various domestic and offshore business models 
  • Advising on decisions to use supervisory and remedial tools based on specific facts and circumstances.
  • Representing, or directing the representation of, the client in proceedings arising from compliance matters.
  • Performing other legal advisory duties to the Bank as may be assigned.

 

Your education and experience

  • law degree and membership in a Canadian provincial law society with a minimum of eight post-call years of experience related to regulatory legal matters, with an emphasis on administrative law issues.

or

  • an equivalent combination of education and experience may be considered.


Your knowledge and skills 

You have expert knowledge of Canadian regulatory law, with significant experience in administrative law issues, as well as the ability to provide practical legal advice to clients, whether developed in-house or in a law firm environment. 

 

This position also requires you to possess strong research skills, combined with a deep interest in evolving legal issues and technological advancement in the financial sector, highly developed analytical skills and the ability to analyze and quickly grasp the essence of complex issues that have an impact on the Bank and the financial sector, and to independently develop appropriate responses. 

 

You are required to understand the mandate, needs and objectives of the Bank and provide high-quality, pragmatic and focused legal advice. We also require you to have strong verbal communication and writing skills as well as good planning and project management skills to successfully manage complex, sensitive and changing priorities while being able to adapt to unexpected circumstances. 

 

To be successful in this role, you also require strong relationship-building skills and can function both independently and as part of a team. Finally, having the ability to travel on occasion is required on a very limited basis.

 

Assets 

  • knowledge of the payments services / fintech industry 
  • administrative litigation experience at the Federal Court
  • experience advising administrative decision bodies 
  • experience in policy development
  • prior work experience with a leading law firm, government agency or official international organization
  • knowledge of civil law and/or international public and private law 
  • knowledge of the general structure and core functions of the Bank of Canada
  • experience providing advice to a supervisory or regulatory organization in the financial sector or in another field.

 

Language requirement
English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.

 

What you can expect from us
This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career.

  • Salaries are based on qualifications and experience and typically range from $120,500 to $150,600 (job grade 20)
  • Depending on performance, you may be eligible for performance pay for successfully meeting (7 to 10% of your base salary) or for exceeding expectations (15% of your base salary). Exceptional performers who far exceed expectations may be eligible for higher performance pay.
  • Flexible and comprehensive benefits so you can choose the level of health and dental coverage that meets your needs
  • Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
  • Option to join the indexed, defined-benefit pension plan after 24 consecutive months of service

 

For more information on key benefits, please visit www.bankofcanada.ca/careers/working-here.
 
Additional information

  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Secret  
  • Relocation assistance may be provided, if required

 

We encourage applications from women, Indigenous peoples, veterans, persons with disabilities, members of visible minorities and persons of all races, ethnic origins, religions, abilities, sexual orientations, and gender identities and expressions.

 

We wish to thank all applicants for their interest and effort in applying for this position; however, only candidates selected for interviews will be contacted.