Legal Counsel, Global Transaction Banking in Toronto

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Contributes to the overall success of the Legal Department in Canada by ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. The incumbent is responsible for the provision and co-ordination of legal services to the Bank and subsidiaries with respect to a range of Bank matters and specialized areas of law. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

In this role you will:

• Provide day-to-day legal support to the Global Transaction Banking (GTB) business line, with a focus on cash management and treasury services, payments and receivables, digital channels, and related client solutions. This includes:
• Reviewing, drafting and negotiating client agreements, product terms, service agreements, confidentiality agreements and other transaction documents.
• Conducting legal research and preparing clear, practical advice on banking, payments and regulatory matters and escalating novel, complex or higher-risk issues to senior counsel.
• Supporting new products, pilot programs, technology initiatives and strategic partnerships by identifying legal risks, documenting requirements and assisting with implementation.
• Working collaboratively with business, compliance, risk, operations, technology, privacy and other stakeholders to develop practical and scalable solutions.
• Provide legal counsel to GTB and other departments in the Bank on payment modernization and related regulatory initiatives, including consumer-driven banking, real-time payments and ISO 20022. This includes monitoring relevant legal, regulatory and industry developments and helping assess their potential impact on Bank products, services and processes.
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue 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.
• Champion a high-performance environment and contribute to an inclusive work environment.

Do you have the skills that will enable you to succeed? – We would love to work with you if you have:

• Graduate of a recognized law school with 3 to 6 years in private practice or in-house experience.
• Membership in the Law Society of one of the provinces of Canada.
• Under general supervision of a Senior Legal Counsel, the incumbent will research and analyze complex legal issues with the aid of established precedents, principles and procedures.
• The position requires:
• a high level of attention to detail, diligence, analytical, human relations and communications skills;
• established problem solving skills;
• sophisticated drafting and writing skills.

What's in it for you?

• Champion a high-performance environment and contribute to an inclusive work environment.
• The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• A competitive compensation and comprehensive benefits plan.
• An organization committed to making a difference in our communities - for you and our customers.
• You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and our communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.