Consumer Lending Lawyer

Testing four company; Toronto; Hybrid; CAD 100,000 - 125,000; Full time

Job summary

A leading legal services firm is seeking a Consumer Lending Lawyer to provide legal counsel on regulatory matters and transactional agreements in the financial sector. This role requires over 4 years of experience in consumer lending and a strong understanding of bank regulations. The position offers competitive compensation, benefits, and is primarily remote with some on-site requirements depending on client needs.

Benefits

Competitive salary

Medical and dental benefits

Professional development resources

Qualifications

• 4+ years of consumer lending experience within financial services.
• Experience advising on bank regulatory compliance and lending transactions.
• In-house or law firm experience with banks or financial institutions.

Responsibilities

• Provide legal counsel on regulatory and transactional matters.
• Draft, negotiate, and execute payment-related documentation.
• Collaborate on proposed payment legislation analysis.

Skills

Consumer lending experience

Bank regulatory compliance

Legal support on payments matters

Education

Member in good standing with Law Society

Job description

We are currently seeking Consumer Lending Lawyers to work with Canada’s largest in-house financial and banking institutions.

Responsibilities:

Working directly with and advising business clients to provide comprehensive legal counsel on a range of regulatory and transactional matters concerning payments systems and services for large financial institutions, including card issuing, ACH payments, mobile payments, card schemes, payment networks, gift cards, B2B payments, and emerging payment systems.

• Draft, negotiate, and execute cards/payments documentation, marketing materials including Terms and Conditions, and contracts related to business legal matters in a dynamic environment.
• Review compliance programs and provide strategic counsel on regulations such as the Bank of Canada Act, Financial Consumer Agency of Canada, AML, EFTA, and other provincial, federal, and international regulations.
• Collaborate with internal teams to analyze proposed payment legislation and regulations and assess their impact on current or upcoming products.
• Assist with complex transactions within the consumer finance sector, including lending transactions.
• Provide legal counsel on payments systems and services, drafting related documentation.

Minimum Qualifications:

• 4+ years of consumer lending experience within the financial services industry, with understanding of bank operations.
• Experience advising on bank regulatory compliance, secured and unsecured lending transactions, and the Financial Consumer Protection Framework.
• In-house or law firm experience advising banks, financial institutions, or payment-related companies.
• Experience drafting and reviewing loan transactions, negotiations, structuring, and documentation.
• Legal support on payments matters like merchant acquiring, card issuing, mobile payments, ACH, B2B, and emerging systems.
• Strong understanding of applicable regulations such as the Bank of Canada Act, AML, EFTA, and others.
• Member in good standing with your Law Society.

Compensation, Benefits & Location:

This role offers competitive salary, benefits including medical and dental, and access to professional development resources. The position is primarily remote, with some on-site requirements depending on client needs.

Axiom is a global leader in on-demand legal talent, serving North America, the UK, Europe, and APAC. We promote diversity and inclusion, with initiatives to ensure diverse leadership and counsel representation.

Learn more about working at Axiom.

We are an equal opportunity employer, committed to diversity and inclusion, and provide accommodations for applicants with disabilities throughout the recruitment process.

Employment is contingent upon background checks, proof of identity, and legal authorization to work. By applying, you confirm that all information provided is accurate and complete to the best of your knowledge.