Legal Counsel

February 16 2021
Industries Bank, Insurance, Financial services
Categories In-house, Industry, Contract administrator, Legal, Paralegal
Toronto, ON

Scope of Position

Reporting to the VP, Legal and Corporate Secretary the legal counsel deals with corporate legal matters related to day to day business operations to mitigate company liability in the course of conducting business operations and/or to enhance its position depending upon the circumstances.

Major Responsibilities

  • Provide advice with respect to legal issues related to the development and implementation of Alterna’s business strategy within Alterna’s internal client groups including retail and banking operations, treasury and capital markets, marketing and communications, etc.
  • Provide guidance on legal issues with respect to compliance, governance policies, intellectual property, corporate and regulatory, conflict of interest, corporate structure and other corporate issues as required.
  • Assist the VP, Legal & Corporate Secretary in providing legal services in connection with corporate mergers, acquisitions and joint venture arrangements or other strategic partnerships.
  • Research and analyze various legal issues and render an opinion.
  • Draft, review and negotiate contracts and variety of legal documentation.
  • Understand current legislative environment, analyze proposed or new legislation and regulations.
  • Be the legal representative on key initiatives and partnerships.
  • Manage outside counsel, including developing strategy for complex cases.
  • Assist in establishing risk management and compliance frameworks.


  • Executive Leadership team members
  • Various head office departmental staff and management
  • Compliance and regulatory department staff
  • Regulators and their support staff
  • Law enforcement
  • Lawyers
  • Various suppliers
  • Key staff at other credit unions, banks and other financial firms


  • A law degree from a recognized institution
  • Required 3+ years of post-call experience in a reputable law firm or in house
  • Areas of Law: Contract drafting, corporate commercial law, general knowledge of financial services area with focus on provincially and federally regulated entities, experience in corporate finance and estate matters considered assets.

About Alterna Savings

Alterna Savings and Credit Union Limited (Alterna) has been the good in banking for 112 years! Alterna is made up of Alterna Savings and Credit Union Limited and its wholly-owned subsidiary, Alterna Bank. Together, we have $9.6 billion in assets under management.

As the first full-service, member-owned co-operative financial institution outside Quebec, Alterna Savings shares its expertise with more than 183,000 members through a network of 36 branches across Ontario, that includes partner Peterborough Community Savings; as well as call centre and digital channels. Members and customers also benefit from industry-leading online brokerage, investment management services, and have access to the largest surcharge-free ATM network in Canada through THE EXCHANGE® Network, with over 3,700 ATMs to serve them.

Working at Alterna

Every day, over 600 people take pride in putting our members first. Our caring culture has been recognized by the prestigious employer awards National Capital Region’s Top Employers and Aon’s Best Employers (Platinum level).

* Although we appreciate all applicants, preference will be given to candidates who most closely meet the qualifications, key skills and competencies outlined above.

* Alterna is compliant with the Ontarians with Disabilities Act. If you have a disability, please contact the recruiter to let us know how we can accommodate you.

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