Senior Legal Counsel

Interac Corp.; Canada; Hybrid; CAD 140,000 - 190,000; Full time

Benefits offered by this job

Vacation & wellness days

Benefits coverage

RRSP program

Hybrid work model

Employee assistance program

Parental leave top‑up

United Way donation matching

Job summary

Interac Corp. is seeking a Senior Legal Counsel to provide forward‑looking legal guidance on technology contracting, outsourcing, and risk management. You will partner with business teams to balance commercial goals with compliance and protect Interac’s reputation.

The role involves drafting and negotiating complex agreements, advising on privacy, cybersecurity, and regulatory requirements, and mentoring junior lawyers within a collaborative in‑house team.

Qualifications

• A Law Degree and membership in good standing with the Law Society of Ontario.
• Minimum of 8 years practical legal experience in corporate and law firm environments.
• Experience with technology vendors, financial services or payments industry is preferred.

Responsibilities

• Provide forward‑looking legal guidance on technology contracting, outsourcing and third‑party risk management.
• Draft, review and negotiate a diverse range of commercial contracts and licenses.
• Advise on privacy, cybersecurity, and regulatory requirements affecting financial services and payments.
• Mentor junior lawyers and contribute to knowledge management within the Legal team.
• Balance business objectives with risk mitigation and Interac’s reputation.

Skills

Legal judgment

Contract negotiation

Regulatory compliance

Privacy & cybersecurity

Education

Law Degree and Law Society of Ontario

Job description

Who We Are:

Every transaction matters. Every Canadian matters. At Interac, we protect both — driving trust, security, and inclusion, so our digital economy thrives. Founded in 1984, Interac connects Canadians through secure digital payments, advanced identity verification and industry‑leading fraud protection. Connecting banks, businesses, and individuals, Interac enables millions to send, receive, and manage money safely and effortlessly every day — across both digital and physical environments. As the backbone of Canada’s financial ecosystem, Interac facilitates over 20 million transactions daily, supported by trusted partnerships with government and financial institutions. Consistently ranked as Canada’s most reputable financial technology brand, Interac is deeply embedded in the daily lives of Canadians.

Senior 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 virtuosos, and high‑performance application developers? We want to hear from you. As Senior Legal Counsel, you will be responsible for providing forward‑thinking legal guidance and strategic risk analyses, promoting innovation while protecting Interac’s reputation as one of the most trusted financial brands in Canada. We are looking for a lawyer with keen business judgment and a genuine interest in the 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 emerging technologies to complete time‑sensitive projects while mitigating potential legal risks.
• Exercising business judgment to deliver practical and pragmatic solutions in an environment when the “right” legal answer is often unclear.
• Drafting, reviewing, and negotiating a diverse range of commercial contracts, including 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.
• A minimum of 8 years practical, post‑call legal experience in both a corporate legal department and a law firm.
• Eligibility to work for Interac Corp. in Canada in a full‑time capacity.
• 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).

What We’re Offering

We offer a competitive salary for this position and you will also be eligible for our short‑term incentive plan. The exact amount will depend on factors such as skills, experience, and job‑related knowledge, but Interac’s commitment goes beyond compensation. Our Total Rewards package is designed to support your well‑being and future, and includes:

• Generous vacation and wellness days to help you recharge
• Comprehensive employer‑paid benefits coverage for peace of mind
• Market‑leading employer‑funded RRSP program to invest in your future
• Flexible hybrid work model for better work‑life balance
• Access to a free and confidential 24/7 employee & family assistance program to offer support for you and your immediate family
• Pregnancy and parental leave top‑up to support growing families
• Charitable donation matching with United Way to amplify your impact

Why Join Us

At Interac, the impact we make, and the people who drive it, is profound. When you become part of our team, you’re joining a purpose‑driven organization that’s shaping the future of digital finance in Canada. Here’s what you can expect:

• Investing in the Future – Help us unlock digital prosperity for all Canadians.
• Innovative Thinking – Collaborate on products, practices, and platforms that redefine what’s possible.
• Inclusive Culture – Be empowered to bring your whole self to work and realize your full potential.
• Inspiring Community – Work in an ecosystem where we lift each other up and rise together.
• Intentional Support – Enjoy flexible, supportive offerings that prioritize your total wellness.

Additional Pre‑Employment Requirements

• To ensure the integrity of our organization, successful candidates will be required to complete background checks, which may include, Canadian Criminal Credit Check, Canadian ID Cross‑Check, Public Safety Verification, 5‑year Employment Verification, Education Verification, Credit Check, and Social Media Check.

Equal Opportunity Employer

Interac is also an equal opportunity employer committed to fostering a diverse and inclusive workplace. We believe that innovation thrives when people from different backgrounds, experiences, and perspectives come together. That’s why we are committed to providing fair and equitable employment opportunities for all individuals, without discrimination based on race, color, ancestry, ethnic origin, place of origin, citizenship, creed, sex, sexual orientation, gender identity or expression, age, marital or family status, disability, or any other characteristic protected by applicable law. If you require accommodation during any stage of the application or recruitment process, please contact us at [e-mail]. We will work with you to meet your needs.

Interac empowers Canadians to transact digitally with confidence by providing payment and value exchange services. In helping to develop the future of money and data in Canada, security is the core of everything we do. We help keep Canadian customers safe and secure when transacting. With nearly 300 financial institutions connected to our network, Canadians choose Interac products over 20 million times a day on average to exchange money. Interac champions workplace culture, community, and corporate citizenship. We are proud to be one of Canada’s leading and most trusted financial brands.