Senior Legal Counsel

  • The National Bank of Canada
  • Montreal, Quebec, Canada
  • Jan 11, 2022
Full time Lawyer (In House Counsel) Lawyer (Public Sector)

Job Description

This position can be located in Montreal or New York

NBC, together with its subsidiaries, forms one of Canada’s leading integrated financial groups offering a variety of financial services to a diversified clientele (including corporations, institutional customers and governments) through its Financial Markets divisions. Our organization has operations in Toronto, Montreal, Calgary, Vancouver, New York, London, Dublin and Hong Kong.

We are expanding our team of passionate professionals within the Financial Markets (“FM”) Compliance group, and we are looking for a senior legal professional to support certain FM Compliance Programs with a cross-border and/or securities financing element (the Volcker Rule, various regulatory reporting regimes, OTC Derivatives-related regulations, fully-paid securities lending programs). This position will also entail supporting various special regulatory initiatives and the development of new compliance programs.

  • Would you enjoy advising on strategic regulatory priorities within the banking and securities sector?
  • Are you a self-starter who is intellectually curious and passionate about new developments in the Canadian and international Financial Markets regulatory landscape?
  • Do you have strong analytical skills and the ability to synthesize complex regulatory requirements in a clear and practical manner?

If so, this position is for you!

Your main challenges:

  • Help identify and advise on strategic regulatory priorities in collaboration with other professionals within the organization;
  • Lead and/or participate on cross-functional working committees to evaluate the impact of regulatory initiatives and assist with their implementation;
  • Help draft and update compliance policies and procedures;
  • Support the development of a Canadian compliance program for OTC derivatives and securities financing activities;
  • Advise business line partners and market risk partners on the application of: (a) various Volcker Rule compliance requirements; and (b) fully-paid lending compliance requirements, and help maintain related compliance program policies and procedures up-to-date;
  • Develop and deliver targeted compliance training and support to business partners and other employees within the organization.


Target Profile

  • University degree in law and 6 to 10 years of relevant experience.
  • Good understanding of Canadian Financial Markets regulations (OSFI, CSA, IIROC).
  • Legal or regulatory experience related to Securities Financing and Treasury activities is an asset.
  • Legal or regulatory experience related to OTC derivatives is also an asset.
  • Excellent analytical skills and attention to detail. Ability to identify key issues, synthesize information and present to business units and other internal partners in a clear and practical manner.
  • Strong interpersonal and teamwork skills.
  • Ability work under pressure and effectively prioritize between multiple projects.
  • Independent, results-oriented, resourceful and a self-starter.
  • Excellent English writing and communication skills.

Your benefits

Upon hiring, you will be eligible for a wide range of benefits. We've rolled out a number of measures to ensure your health, safety and wellbeing during the pandemic.

Our dynamic work environments and cutting-edge collaboration tools foster a pleasant employee experience. We value employees' ideas and use surveys and other programs to encourage feedback and ongoing communication.

We're putting people first

We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on peoples' lives.

Our core values of partnership, agility, and empowerment inspire us, and inclusivity is central to our commitments. We offer a barrier-free workplace that is accessible to all employees.

We want our recruitment process to be fully accessible. If you require accommodations, feel free to let us know during your first conversations with us.

We welcome all candidates! What can you bring to our team?

Ready to live your ambitions?

NBC is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at NBC are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. NBC will not tolerate discrimination or harassment based on any of these characteristics. NBC encourages applicants of all ages.