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Legal Counsel

Wealthsimple20 days ago
Toronto
Mid Level

Top Benefits

Retirement savings matching plan through Wealthsimple Work
Company equity for full-time employees
Access to Premium Client perks, including personal finance learning & advice and a boosted interest rate on deposits

About the role

Who you are

  • We’re looking for someone who brings practical legal insight, has strong regulatory instincts, and thrives in a fast-paced, high-impact environment
  • 4+ years of legal experience with a focus on competition, consumer protection, or payments law, ideally in a heavily regulated industry, or law firm environment
  • Advocacy experience in a heavily regulated industry, particularly on issues related to competition and consumer protection
  • Practical experience working with regulators to advance business objectives and resolve complaints in a creative and collaborative way
  • Pragmatic and results-oriented experience negotiating agreements, particularly for complex digital and financial services
  • Strong communication skills and ability to distill complex legal topics into clear, actionable advice for diverse audiences
  • Collaborative and proactive mindset with a willingness to roll up your sleeves
  • Comfortable navigating ambiguity and evolving regulatory frameworks
  • A strategic thinker with a builder mentality who thrives in a fast-moving, mission-driven environment
  • Experience advising on European or U.S. financial regulatory frameworks
  • French language skills
  • Familiarity with anti-money laundering (AML) laws
  • Previous in-house experience at in a heavily regulated industry

What the job involves

  • Wealthsimple is looking for a Legal Counsel, Payments to join our Neobanking regulatory team
  • Reporting to the Director, Neobanking Strategy & Payments Legal, you will play a key role in supporting the development, commercialization, and regulatory alignment of Wealthsimple’s payment products and infrastructure
  • You’ll work cross-functionally with Legal, Compliance, Product, Engineering, Risk, and Policy teams to help navigate a rapidly evolving landscape
  • This role will be critical in providing legal guidance on regulatory, competition, and product matters related to the Retail Payments Activities Act (RPAA), Real-Time Rail (RTR), and other payments initiatives in Canada
  • Lead Wealthsimple’s legal advocacy efforts in the payments space, including interactions with regulators such as the Department of Finance, Bank of Canada, and Competition Bureau
  • Provide legal and strategic advice on payments law, stablecoins as payment instruments, consumer protection, and competition issues in support of our product, engineering, and government relations teams
  • Support Wealthsimple’s regulatory initiatives including RPAA registration and ongoing compliance, and help shape our legal strategy related to Real-Time Rail participation
  • Draft, review, and update client-facing terms and conditions and product disclosures
  • Collaborate the intersection of securities law (particularly CIRO rules) and payments law
  • Assist with resolving complex client complaints and regulatory escalations
  • Advise on commercial agreements and relationships related to payments infrastructure
  • Collaborate on legal aspects of product development for payments features related to the intersection of securities law (particularly CIRO rules) and payments law
  • Work with outside counsel on specialized or complex legal questions

Benefits

  • Retirement savings matching plan through Wealthsimple Work
  • Company equity for full-time employees
  • Access to Premium Client perks, including personal finance learning & advice and a boosted interest rate on deposits
  • Paid parental leave (6 months topped up to 100% of salary)
  • 20 vacation days per year
  • 90 Days Away program
  • Top-tier health benefits
  • Life & disability insurance
  • Generous sick and mental health days
  • Employee resource plan including services like RMT, psychology, and physiotherapy
  • Up to $5,000 per year for mental health supports
  • Gender Affirmation benefits
  • Up to $1,500 per year for professional development
  • Up to $1,500 per year for wellness and home office expenses
  • Employee resource groups
  • Social impact hours

About Wealthsimple

Financial Services
1001-5000

All of your investing, made simple. wsim.co/legal