Senior Counsel, Commercial Banking

TorontoFull Timesenior

OtherCommercial

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Quick Summary

Overview

Join a Challenger Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians. How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo.

Technical Tools

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Join a Challenger

Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, and today we serve more than 800,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $142 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Work

Reporting to the Senior Director, Legal – Commercial Banking, the successful candidate will provide strategic legal support primarily to the Commercial Banking division, advising on a broad range of legal matters including commercial lending transactions, regulatory compliance and risk management, new product development and corporate initiatives, and assisting with customer issues. The successful candidate will be a proactive legal advisor with expertise in commercial banking and real estate lending, capable of identifying and managing complex legal issues, and partnering with cross-functional teams and business units.

As Senior Counsel, you will help preserve the Bank’s reputation for integrity and work with the Bank’s stakeholders to support policies and procedures that meet regulatory requirements, and maintain cooperative relationships with governmental policymakers, and regulatory and self-regulatory agencies that govern the Bank’s businesses.

Provide legal analysis and transactional support, including the review, preparation and negotiation of agreements and documentation, and providing advice on complex issues with an emphasis on commercial real estate and secured lending

Working closely with the Bank’s Originations, Credit and Underwriting, Portfolio Management and Special Loans (Defaults) teams, provide advice on deal structuring, intercreditor arrangements, taking effective security, and ensuring the Bank’s interests are protected

Provide timely and accurate responses to questions from internal stakeholders and business partners to facilitate transactions within predetermined timeframes

Assist with internal governance, policy development, and training initiatives to promote legal awareness, risk mitigation and a culture of compliance

Support new product development and strategic initiatives by identifying legal implications and ensuring compliance with applicable laws

Research substantial legal issues and federal and provincial legislation to evaluate implications for the Bank, and undertake special projects as required

Proactively identify emerging issues and legal trends, and evaluate the legal risks to the Bank for escalation to management as necessary

Maintain proximity to applicable industry and market trends in Canadian finance, commercial real estate and project development, and participate in industry groups

Work in a fast-paced, detail-oriented environment and manage multiple deadlines and priorities

Work with minimal supervision and exercise excellent judgment on complex, confidential and sensitive decisions

Contribute to the development of precedents, commercial templates, playbooks and best practices for business initiatives to streamline internal processes and minimize reliance on external counsel

Direct and oversee external counsel to ensure cost-effectiveness and high-quality service

Graduate of a recognized law school (L.L.B. or J.D.)

Called to the Ontario Bar/Member in good standing of the Law Society of Ontario

4-6 years of post-call experience in private practice or in-house, preferably in a financial institution with a focus on commercial banking or financial services

Strong knowledge of Canadian banking laws, lending practices, and regulatory frameworks

Comprehensive knowledge of commercial real estate law and real estate financing. Experience with CMHC insured loan transactions would be an asset

Excellent drafting, negotiation, and analytical skills

Strong communication skills, both oral and written, and ability to distill complex legal issues into clear, actionable advice

Proven ability to manage multiple priorities in a fast-paced, dynamic environment

Strategic thinker, collaborative and proactive mindset, and excellent interpersonal skills

Familiarity with insolvency law and proceedings would be an asset

Proficiency in French would be an asset

Demonstrated reliability and integrity