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Title:  Senior Legal Counsel, MD Financial





Requisition ID: 171503


Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

MDFM, a subsidiary of Scotiabank, offers a wide range of financial and wealth strategies designed exclusively for Canada’s physicians and their families, including financial planning, investment products, estate and trust and insurance services. 


Reporting to the Director and Senior Legal Counsel, MD, the Senior Legal Counsel, will work directly with the MDFM businesses and their functional support groups to provide legal guidance on a broad range of matters in support of business strategies and objectives and ensure all activities conducted are in compliance with governing regulations and internal policies and procedures.




  • Provides legal advice, analysis and support to the MD Group of Companies and, as applicable, the Scotiabank Wealth business lines, including by:
    • Providing high quality legal research, analysis, documentation, negotiation, preparation, review and advice to business lines and control functions on a variety of matters;
    • Identifying and assessing legal risks and developing strategies to mitigate risk and protect MD and the Bank's interests;
    • Researching legal issues of substantial complexity on a global, national or regional basis and informing the business on developing legal trends and their impact on operations and providing recommended courses of action;
    • Identifying and resolving legal and regulatory issues, risks and concerns;
    • Drafting, reviewing and negotiating legal agreements;
    • Instructing and directing the activity of external counsel;
    • Mentoring and supervision of MD Legal Counsel(s);
    • Actively participating in (and in some cases, leading) cross-functional teams requiring legal representation such as reviews of new products and services, incident management or other matters; and
    • Developing and maintaining strong working relationships with internal business units and partners.
  • Understands how MD and the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Works collaboratively with other members of the Legal team providing back up as required. 
  • Champions a high-performance and customer focused environment and contributes to an inclusive work environment. 


Education and Experience:


  • Graduate of a recognized law school and Membership in the Law Society of one of the provinces of Canada.
  • A minimum of 8 years of corporate/securities law experience gained from a law firm, major financial institution and/or securities regulatory body.
  • A strong understanding and knowledge of the financial services industry, including securities legislation, the Trust and Loans Act, the Insurance Companies Act and/or related provincial legislation would be an asset.
  • Ability to assess complex situations and problems with objectivity and clarity. 
  • Ability to understand key business drivers and tailor business solutions to minimize legal risk.
  • Ability to build strong working relationships with a wide range of stakeholders including board of directors, senior management, business line staff and internal/external partners to help and develop long term relationships.
  • Strong organization, drafting, analytical, communication and presentation skills. 
  • Conducts oneself in a highly professional manner and operates with a high degree of discretion and confidentiality.
  • French speaking would be an asset.

Location(s):  Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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