Legal Counsel

Legal Counsel

At Interac, we design and deliver products and solutions that give Canadians control over their money so they can get more out of life. But that’s not all. Whether we’re leading real-time money movement, driving innovative commerce solutions like open payments for transit systems, or making advancements in new areas like verification and open banking, we are playing a key role in shaping the future of the digital economy in Canada.

Want to make a lasting impact amongst a community of creative thinkers, problem solvers, technical gurus and high-performance application developers? We want to hear from you.

Interac is at the heart of the Canadian payment ecosystem and the forefront of payments modernization.

Our legal team is growing exponentially, and each role within the legal team will support unique business towers, such as: Technology & Operations, Digital ID, Product, Human Resources, Finance & Administration, Commercial, Products & Services, Partnerships & Client Solutions, Fraud Mitigation & Strategy, Enterprise Initiatives & External Affairs, and Marketing & Communications.

As a member of the Legal Counsel team at Interac Corp., you will be responsible for providing forward-thinking legal guidance and strategic risk analyses for Canada’s first FinTech, promoting innovation while protecting Interac’s reputation as one of the most trusted financial brands in Canada.

We are looking for lawyers with keen business judgment and a genuine interest in payment network and financial services to provide sophisticated advice on a broad range of technology contracting, outsourcing and third-party risk management activities. Interac lawyers handle complex issues, often in real time, to provide practical and actionable advice to an organization that continues to explore uncharted territory in financial services technology.

In this role, you will work collaboratively with a close-knit team of sharp, solution-oriented in-house lawyers on projects that challenge you to balance legal imperatives with the core business values, risk tolerance and enterprise strategy of a renowned financial services organization.

You'll be responsible for:

• Working in a fast-paced business and technology environment, partnering with business units, and playing a key role in driving the company's products and services forward.

• Providing strategic and actionable legal advice on key portfolios in the business (and with emerging technology) to complete time sensitive projects while mitigating potential legal risks.

• Exercising business judgment to deliver practical and pragmatic solutions when the “right” legal answer is not crystal clear.

• Drafting, reviewing, and negotiating a diverse range of commercial contracts, including complex technology vendor agreements, service provider agreements, proof of concept agreements, letters of intent, software and evaluation license agreements (on premise and cloud), customer software development agreements, incentive agreements, sponsorship agreements, and consulting services agreements.

• Advising on operationalizing contracts in a complex, multi-vendor environment and proactively identifying and resolving associated legal issues.

• Working as a collaborative member of the Legal team, a mentor to junior lawyers and a resource for internal knowledge management and precedent development.

You bring:

•  A law degree and membership in good standing with the Law Society of Ontario.

• Must be eligible to work for Interac Corp. in Canada in a Full Time Capacity.

• 5-7 years of practical post-call legal experience in both a corporate legal department and a law firm.

• Prior experience working for technology vendors, in financial services or the payment industry (preferred).

• Working knowledge of privacy, cybersecurity, Code of Conduct, CASL and other regulatory requirements applying to the financial services industry and payment network operators (preferred).

• Experience with financial services technologies, including mobile payments, digital banking, digital identification, verification and authentication and other electronic payments technologies, in addition to traditional payment systems and payment card network operators (preferred).

• Proven experience advising on a wide range of matters spanning from privacy, competition, intellectual property, technology, and licensing.

• A team player mindset, ready and willing to take on a variety of responsibilities and roles that support the team, department, and organization.

• Critical thinking with cogent analysis of legal and business issues.

• You are adept at identifying, assessing, and managing legal and reputational risk.

• Proactivity with time management and project prioritization.

• A keen interest in the products, services, and interdependencies at Interac and in the payments ecosystem.

Skills that will set you apart:

• Knowledge of the Code of Conduct for the Credit and Debit Card Industry in Canada and/or the Payment Clearing and Settlement Act.

• Experience with government and regulatory affair.

Interac requires employees to complete a background check that is completed by one of our service providers.  We use this service to complete the following checks:

• Canadian criminal record check;
• Public safety verification;
• Canadian ID cross-check;
• 5-year employment verification;
• Education verification; and
• If applicable, Credit Inquiry and Social Media Check

How we work
We know that exceptional people have great ideas and are passionate about their work.  Our culture encourages excellence and actively rewards contributions with:
Connection: You’re surrounded by talented people every day who are driven by their passion of a common goal.
Core Values:  They define us. Living them helps us be the best at what we do.
Compensation & Benefits: Pay is driven by individual and corporate performance and we provide a multitude of benefits and perks.
Education: To ensure you are the best at what you do we invest in you

Please be aware of certain individuals fraudulently using Interac Corp.’s name and logo to offer fictitious employment opportunities. Interac Corp. will never ask, solicit, nor accept any monies in exchange for employment opportunities. Any such offers of employment are fraudulent and invalid, and you are strongly advised to exercise great caution and disregard such offers and invitations.

Please note that under no circumstances shall Interac Corp. be held liable or responsible for any claims, losses, damages, expenses, or other inconveniences resulting from or in any way connected to the actions of individuals performing such fraud. Further, such fraudulent communication shall not be treated as any kind of offer or representation by Interac Corp. or its subsidiaries and affiliates.