Senior Legal Counsel

Job Title: Senior Legal Counsel
Reports To: Chief Legal Counsel and Senior Vice President


Job Summary

AUM Law focuses on serving the asset management sector in the areas of regulatory compliance and investment funds by providing legal advice and services for structuring entities, raising capital, business combinations, and compliance with disclosure obligations.  Our clients include investment fund managers, portfolio managers, dealers, public and private investment vehicles including real estate funds, alternative funds, private equity funds, investors and private and public companies.

The lawyer in this role will be responsible for advising clients in the asset management industry on a wide range of matters, including initial registrations, ongoing registrant compliance obligations, fund formations and ongoing fund operations.

We offer a competitive salary, benefits and a collegial work environment.


Job Duties and Responsibilities

Regulatory Compliance Matters

  • Advising on initial registration requirements, negotiating with provincial regulators and setting up the infrastructure for a registrant
  • Drafting and training clients on customized compliance manuals
  • Drafting client relationship and other documents as required by the Securities Act (Ontario), NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, NI 33-109 Registration Information and related instruments, policies and guidance
  • Conducting compliance risk assessments
  • Advising clients on proposed legislative changes impacting the industry
  • Advising clients on anti-money laundering policies and procedures
  • Providing training to clients on compliance obligations

Investment Fund Matters

  • Advising on the formation, distribution and management of pooled funds and public funds (including alternative mutual funds)
  • Drafting the constating documents, material contracts and offering materials for both private and public fund structures, including trusts, fund of funds and limited partnerships
  • Advising on fund governance and conflict of interest matters
  • Advising on fund reorganizations, including mergers and fund terminations
  • Reviewing marketing material and advising on permitted sales practices
  • Drafting and negotiating exemptive relief applications with the relevant securities commissions
  • Advising on the offering of offshore funds into Canada


Qualifications and Skills

  • J.D. or LLB and admission to Ontario Bar
  • Minimum of 5 years’ meaningful legal experience from a law firm or a combination of law firm/ in-house experience from a financial institution or asset management firm
  • Working knowledge of the Securities Act (Ontario), NI 31-103, NI 81-101, NI 81-102, NI 81-105 and NI 81-106
  • Experience with mortgage investment entities, private equity funds and/or ETFs would be an asset
  • Sound judgement and ability to analyze situations and information quickly
  • Strong interpersonal skills and relationship building competencies
  • Proactive and service-oriented
  • Strong organizational skills and ability to manage multiple projects
  • Excellent written and verbal communication skills
  • Ability to work independently


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