Senior Legal Counsel - Compliance, Ethics and Privacy

  • The National Bank of Canada
  • Ottawa, Ontario, Canada
  • Jun 30, 2023
Hybrid Lawyer (In House Counsel)

Job Description

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 an organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in our environment.


Building on the principles that have always guided us – excellence, integrity and respect – we strive to be forward-looking and innovative, to welcome people with diverse perspectives and talents, and to earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions.


With our defined-benefit pension plan, benefits, and high flexibility for work life balance - find out more about why we are annually ranked as one of Canada's top employers: Working Here - Bank of Canada


Find out more about the next steps in our Recruitment process .


Did you know?


The Bank Does This By


The Bank of Canada is Canada’s central bank. It has a mandate to promote the economic and financial welfare of Canada by fostering a stable and efficient financial system, which includes banks and credit unions, the financial markets, and clearing and settlement systems.


  • providing central banking services, including liquidity and lender-of-last-resort facilities;
  • overseeing and acting as the resolution authority for critical financial market infrastructures;
  • conducting and publishing analyses and research;
  • helping to develop and implement policy; and
  • supervising payment service providers.


The Bank has approximately 2300 employees who are subject to the Code of Business Conduct and Ethics.


What You Will Do


Reporting to the Assistant General Counsel, you provide the Bank with expert legal advice as an experienced senior legal practitioner. You will act as the Bank’s primary legal advisor on compliance related matters, conflicts of interest, and privacy and access to information. You will support other legal counsel at the Bank working in related areas and you will manage the work of outside counsel as required.


Specifically, You Will


  • provide legal advice to the Bank’s Compliance function, including advice on the Bank’s Code of Business Conduct and Ethics , as well as advice on the Code of Conduct for Directors and application of the Conflicts of Interest Act to the Bank’s public office holders.
  • support and develop training and communications related to the Code and other Bank policies
  • provide advice on conflicts of interest and related restrictions as they pertain to Bank employees and Board members and the review process for retail payments supervision
  • provide advice on privacy and access to information legislation, policy and processes
  • provide legal advice and support to the Bank’s Corporate Secretariat
  • provide operational and strategic legal advice to the Bank’s third-party risk management process
  • provide advice on information management and data licensing, governance and residency
  • support the Bank’s business visitor program, including the management of external counsel in relation to cross border hiring and immigration
  • develop and maintain the Bank’s legal framework to facilitate compliance with statutory and regulatory obligations
  • support the Bank’s labour and employment legal counsel as required
  • perform other legal advisory duties to the Bank as may be required.


What You Need To Succeed


You have expert knowledge of the legal environment as it relates to compliance, conflict of interest and ethics. You have a strong knowledge of privacy and access to information law, the legal framework surrounding information management and data licensing and residency. You have the ability to analyze complex legal issues and to provide practical advice. You have well-developed oral and written communications skills and you have demonstrated experience in the provision of legal advice to management, in an in-house role or a law firm environment. You have the ability to manage and oversee the work of external counsel.


To be successful in this role, you also require strong relationship-building skills and can function both independently and as part of a team, providing oversight and direction to senior legal counsel.




  • knowledge of the financial sector
  • experience in labour or employment law
  • experience with intellectual property law, contracting and procurement and/or immigration law
  • prior work experience with a leading law firm, financial institution, government agency or official international organization
  • experience advising other Crown corporations or federally-regulated entities
  • knowledge of civil law and/or international public and private law


Your Education And Experience


This position requires a Law degree and membership in a Canadian provincial law society with a minimum of five post-call years of experience or an equivalent combination of education and experience may be considered.


What You Need To Know


  • 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.
  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Be eligible to obtain Secret
  • Relocation assistance may be provided, if required
  • Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.


Hybrid Work Model


The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a substantial part of each month as part of the Bank`s hybrid work model, and they are expected on site at the Bank location a minimum of eight days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.


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. For more information on key benefits please visit A great deal to consider .


  • Salaries are based on qualifications and experience and typically range from $130,960 to $163,700 (job grade 20)
  • The Bank offers an incentive for successfully meeting expectations at 7 to 10% of your base salary. The Bank offers performance pay for those who exceed 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, dental disability and life and/or accident insurance coverage that meets your needs
  • Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
  • Indexed, defined-benefit pension


We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted via the clear legal job board.