Senior Legal Counsel Payments-Hybrid
Senior Legal Counsel Payments-Hybrid
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Job Description
Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients developing strategies products and services to support the financial wellbeing of their more than 5 million diverse customers in communities across Canada. For more information visit www.central1.
What we offer:
- Worklife flexibility
- Hybrid workenvironment
- One time allowance to set up your office for remote first employees
- Variable annual incentive plan
- Generous annual vacation allotment
- Topnotch flexible benefits planincluding family building and gender affirmation
- Retirement Plan matched contributions at 6
- Access toa learning platform and educational assistancesupport
- Access to a virtual wellness platform
- Career development opportunities
- Wellness Flex Fund to support personal interest and activities
- Day off to volunteer in your community andother paid time off options
- Corporate discounts
*subject to employment agreement
Job Summary:
As a Senior Legal Counsel at Central 1 youll be a key leader within the legal team working closely with the Chief Legal Officer and the business in particular with the payments team to provide expert legal support with a strong focus on payments. You will guide payments stakeholders through complex legal matters ensure compliance with regulatory frameworks and drive highimpact projects. Your deep expertise in IP law competition law and payments will shape legal strategies that empower our payments team to innovate and grow. Join us to make a significant impact by supporting the payments business and leading with excellence in a dynamic evolving industry.
What youll be doing:
Procurement & Vendor Management:
- Manage the acquisition of missioncritical goods and services through partnerships and vendors.
- Negotiate and structure agreements with key service providers payment processors and technology partners.
AntiSpam Privacy and Data Protection:
- Ensure compliance with antispam privacy and data protection laws including PIPEDA provincial privacy regulations and best practices.
Contract Management:
- Review draft and negotiate a wide range of contracts including but not limited to:
- Technology agreements
- Agreements with payment processors
- Complex service and consulting agreements
- Joint venture and strategic alliance agreements
- Outsourcing licensing and service agreements
- Confidentiality agreements and nondisclosures
- Requests for Information (RFI) and Requests for Proposals (RFP)
Legal Guidance & Advisory:
- Provide expert legal advice on digital and technology initiatives including cybersecurity data sharing blockchain/distributed ledger technology artificial intelligence machine learning and payment systems.
- Advise on clearing and settlement risk models privacy law regulatory compliance and payment products (credit cards prepaid cards digital wallets and alternative payment methods).
Regulatory Compliance & Monitoring:
- Stay updated on regulatory changes affecting the payments industry advising on necessary adjustments to contracts and business practices.
- Maintain a comprehensive understanding of regulatory bodies such as the Bank of Canada OSFI FINTRAC and the Privacy Commissioner of Canada.
Familiarity with Key Regulations:
- Expertise in regulations such as PCI DSS AML regulations the Proceeds of Crime (Money Laundering) and Financing Act (PCMLTFA) and consumer protection laws.
- Strong knowledge of Canadas Personal Information Protection and Electronic Documents Act (PIPEDA) and related provincial laws.
- Deep understanding of the Canadian Payments Act as well as the rules and bylaws of various payment systems.
Collaboration & Data Protection:
- Collaborate with internal teams to implement antifraud measures cybersecurity protocols and risk mitigation strategies.
- Draft and amend client agreements disclosure materials and related documentation to ensure enforceability and compliance with legal obligations.
What youll have:
- Law degree (LL.B or J.D. and active membership in a Canadian provincial bar.
- 8 years of experience in legal roles with a focus on payments financial services and technology.
- Indepth knowledge of the payments industry including familiarity with regulatory frameworks such as PCI DSS AML and privacy laws.
- Membership in good standing with the B.C. Law Society or the Law Society of Upper Canada.
- Proven experience negotiating and managing complex contracts.
- Excellent written and verbal communication skills with the ability to distill complex legal concepts into clear actionable advice.
- Knowledge of provincial and federal financial institution regulation.
- Willingness to tackle matters outside of areas of expertise.
- Strong collaboration skills and experience working crossfunctionally in a fastpaced environment.
- Ability to stay current with industry regulations and trends impacting the payments industry
Salary Range: $156200$190000
The salary range representsthe job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant jobrelated factors such as knowledge skills qualifications experience and education/training.
#LIHybrid
Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.
Required Experience:
Senior IC
Employment Type
Full-Time
