Law Clerk
Law Clerk
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Job Description
The Ontario Securities Commission (OSC) is the statutory body responsible for regulating Ontarios capital markets in accordance with the mandate established in the provincial Securities Act and the Commodity Futures Act. The mandate of the OSC is to provide protection to investors from unfair improper or fraudulent practices to foster fair efficient and competitive capital markets and confidence in the capital markets to foster capital formation and to contribute to the stability of the financial system and the reduction of systemic risk. This mandate is performed through policy operational and enforcement activities. The OSC also contributes to national and global securities regulation development.
We offer a diverse fair and flexible work environment and take pride in our challenging and rewarding work.
The General Counsels department (GCD) provides expert clientcentered legal strategic and risk management advice to the Commission based on sound legal and reputational risk analysis. In addition the GCD administers the enforcement of monetary sanctions and the distribution to directly harmed investors of disgorged amounts obtained by the OSC.
TheEnforcement of Monetary Sanctions and Distribution Unitwithin theGeneral Counsels department isrecruiting for aLaw Clerkwho will administer the monetary sanctions and distributions program. Using your experience working on collections receivership bankruptcy or class action files you will work closely with key stakeholders to enforce monetary sanctions and coordinate activities to ensure disgorged funds are redistributed to directly harmed investors.
Whats in it for you
Reporting to the Associate General Counsel Litigation and Strategic Priorities you will:
Play a key role in contributing to investor protection by helping the OSC deliver on its mandate.
Work in a collaborative progressive and professionally diverse team.
Make a difference and have a meaningful impact on ensuring Ontarios capital markets are fair and efficient.
What will you do
Track the enforcement of monetary sanction matters by coordinating with internal and external counsel and the Enforcement division.
Assist with referrals motion materials reports court documents demand letters writs and proof of claims.
Summarize relevant sanction financial information coordinate search requests make filings review bankruptcy records and reconcile payments.
Maintain and update disgorgement distribution case files by tracking relevant information monitoring parallel proceedings in Ontario or other jurisdictions and document final recommendations or decisions.
Assist with quarterly recommendations to distribute hold or pay disgorged funds.
Coordinate activities with internal stakeholders which support the process for distribution carried out by both courtappointed administrators as well as those issued directly by the OSC. The activities include confirming disgorgement amounts preparing notices of distribution organizingclaim packages issuing decision letters maintaining records and issuing final reports.
Maintain a roster of courtappointed administrators with adherence to procurement policies.
Work with litigation counsel and the Contact Centre on responses to investor inquiries related to disgorgement of funds.
What do you need to be successful in this role
Completion of a twoyear Law Clerk Program in a Community College required.
Member in good standing with the Institute of Law Clerks of Ontario (ILCO).
Five years experience with a law office government agency or other entity in a capacity or function which involves the performance of duties of an administrative or managerial nature under the guidance of a lawyer.
Knowledge of the securities industry.
General knowledge of the Securities Act the Securities Commission Act 2021 and the Bankruptcy and Insolvency Act.
Previous experience working on collections receiverships bankruptcies claims administration would be an asset.
Highly developed analytical skills.
Excellent organizational proof reading and administrative skills.
Grow your career and make a difference working at the OSC.
* OSC Employees: please apply in Workday using the Browse Jobs feature within your Jobs Hub *
We thank all applicants for their interest in the Ontario Securities Commission. We will contact those selected for an interview.
The OSC is committed to diversity and providing an inclusive workplace and providing accommodation in accordance with the Accessibility for Ontarians with Disabilities Act and the Human Rights Code. It is our priority to ensure employment opportunities are visible and barrierfree to all underrepresented groups including but not limited to Indigenous Black and racialized groups people with disabilities women and people from the 2SLGBTQI community to achieve an employee demographic profile reflective of the demographic profile of Ontarians.
The OSC is a proud partner with the following organizations: Ascend Canada BlackNorth Initiative Canadian Centre for Diversity and Inclusion and Pride at Work Canada
If you require an accommodationduringthe recruitment process please let us know by contacting our confidential inbox .
Employment Type
Full-Time
