Senior Counsel, Wealth Distribution Legal

Description

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Department Overview

The Senior Counsel, Wealth Legal, will be a member of the Canadian Wealth Distribution Legal Team located in Toronto. The Canadian Wealth Distribution Legal Team provides legal advice and counsel to TD’s Canadian wealth businesses, as well as TD's Canadian retail mutual fund business.

This role will focus primarily on legal and regulatory matters relating to registered plans in Canadian retail investment and mutual fund dealer businesses, the sale of bank products through those businesses, and other legal and regulatory matters affecting TD’s wealth distribution businesses.

Job Overview

In this role, you will join a dynamic and collegial team of legal professionals and support a broad range of business, product, regulatory, and client-related initiatives. You will work closely with business, compliance, risk, operations, marketing, product, tax, and other legal partners, and will provide practical, risk-based legal advice to support TD’s wealth distribution businesses.

Your practice will support TD's Canadian retail investment and mutual fund dealer businesses with a particular focus on registered plans and related products and services.

Key Responsibilities

In this role, you will:

• provide day-to-day legal and regulatory advice to Canadian retail investment and mutual fund dealer businesses on registered plan matters and the sale of bank products through those businesses

• advise on compliance with the Income Tax Act and related rules applicable to registered plans

• monitor, interpret, and help implement changes in legislation, regulatory guidance, and industry developments affecting registered plans

• maintain and update specimen plans, trust agreements, declarations, and related documentation to help ensure compliance with legal and regulatory requirements

• support the design, enhancement, modification, and administration of registered plans

• review and advise on disclosure documents, client agreements, forms, and other customer-facing materials relating to registered plans

• review and approve marketing materials relating to registered plans

• ensure registered plans are aligned with legal requirements, regulatory expectations, and industry best practices

• advise on a broad range of registered plan issues, including:

  transfers

  beneficiary designations

  locked-in requirements

  plan administration questions

• advise on CIRO rules, regulatory developments, policy initiatives, examinations, and inquiries affecting wealth distribution businesses

• support the resolution of client complaints, escalated issues, and regulatory inquiries related to registered plans

• work closely with business, control functions, and other members of TD Legal to provide coordinated, practical, and timely legal support

• build and maintain strong working relationships with internal business and control partners

• support strategic initiatives and change projects affecting the Canadian retail investment and mutual fund dealer businesses contribute to high-priority legal department initiatives as needed

Job Requirements

• law degree from an accredited law school

• qualified to practice law in Ontario

• 6+ years post-call legal experience, ideally gained at a major law firm, financial institution, wealth firm, in-house legal department, or regulator

• strong experience advising on legal and regulatory issues relating to registered plans, CIRO-regulated dealer businesses, wealth products, and financial services distribution

• strong knowledge of:

  The Securities Act

  CIRO rules

  the Bank Act

  the Trust and Loan Companies Act

  the Income Tax Act as it relates to registered plans

  applicable federal and provincial pension legislation

• strong understanding of the legal and regulatory framework applicable to registered plans and their administration

• experience reviewing and advising on:

  client-facing documentation

  disclosures

  account forms

  marketing materials

  product features and processes

• strong analytical, drafting, and communication skills, with the ability to provide clear, practical advice to business and control partners

• strong judgment and the ability to identify legal, regulatory, and reputational risk in a practical business context

• ability to manage multiple priorities and deadlines while maintaining attention to detail

• strong interpersonal skills and the ability to work effectively across a wide range of stakeholders

• ability to work independently and as part of a team

• high level of professionalism, accountability, and responsiveness

Preferred Experience

The ideal candidate will have:

• deep knowledge of the rules and industry practice applicable to registered plans

• experience supporting retail wealth businesses, securities dealers, or financial institutions

• experience advising on legal issues affecting both investment products and bank products

• experience with regulatory change management, legal implementation work, and CIRO-related regulatory matters

• experience handling client issue escalation or regulator-facing matters relating to registered accounts

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Sans Objet