Company Description
Purpose Unlimited is an independent financial services company with an unrelenting focus on customer-centric innovation, delivered through technology-driven solutions. Led by entrepreneur Som Seif, the company is developing a diversified product platform aimed at addressing historically underserved segments of the market. Purpose Unlimited’s businesses include Purpose Investments, Advisor Solutions by Purpose, and Driven.
Vacancy Status: This is for a current opening.
Job Description
Who You are
Senior Legal Counsel, Investment Funds, provides strategic legal and regulatory advice in support of the organization’s public investment fundsand its exempt market / offering memorandum (OM) funds.
Senior Legal Counsel enables the organization’s product development, portfolio management, and distribution teams, while coordinating with and advising compliance to maintain investment fund activities adherence with Canadian securities laws and regulatory requirements.
Senior Legal Counsel coordinates with internal stakeholders and external counsel to provide practical, value-added legal advice to the organization.
Responsibilities: What you will do
Public Funds (NI 81-102)
- Advise on the structuring, organization, launch, and ongoing operation of public investment funds subject to NI 81-102, NI 81-101, NI 81-106, and related Canadian securities legislation.
- Draft, review, and maintain public fund disclosure documents, including prospectuses, fund facts, MRFPs, material change reports, and related regulatory filings.
- Advise on fund governance matters, including investment restrictions, valuation, conflicts of interest, and Independent Review Committee (IRC) matters.
- Support continuous disclosure obligations and filings with securities regulators in coordination with compliance and regulatory teams.
Exempt / OM Funds
- Provide legal advice for exempt market and OM funds, including fund structuring, organization, amendments, offering memoranda, subscription agreements, and investor disclosures.
- Advise on compliance with exempt market rules, prospectus exemptions, and applicable CSA guidance.
- Support investor communications for private funds.
Regulatory & Business Advisory
- Advise on legal and regulatory risk and disclosure issues related to fund operations.
Governance, Risk & External Counsel Management
- Support investment fund governance frameworks, policies, and procedures.
- Assist with regulatory reviews, audits, and inquiries by securities regulators relating to investment fund matters.
Qualifications: What you will bring
- LL.B. or J.D. and member in good standing with a Canadian law society (Ontario
- preferred).
- Five to eight years of legal experience, with significant exposure to securities
regulation and investment funds preferably gained in house or at a major Canadian law firm.
- In-depth knowledge of Canadian securities regulatory framework, especially as it pertains to mutual funds, ETFs, and investment dealers.
- Strong interpersonal and communication skills, with the ability to influence and
collaborate across functions
Additional Information
Why should you join us?
- We are one of Canada's Top Small & Medium Employers' 2023 & 2024.
- We believe in innovation and a vibrant culture - work for an innovative, people-first, financial services firm that values entrepreneurialism.
- We believe in a flexible work structure – A flexible hybrid work model that empowers you to do your best work whether at home or the office.
- We care about your rewards - Competitive compensation including equity program.
- We care about your health – comprehensive group health and dental benefits and life insurance at little to no cost to you. We also offer a Lifestyle Spending Account for all your wellness needs.
- We care about your quality of life - a flexible paid time-off policy covering vacation, sick, and mental health days.
- We care about your family - Paid parental leave for eligible employees with a top-up.
- We care about your future – Generous Group RRSP matching and an optional TFSA program.
- We care about your development – We offer training opportunities and tuition support year-round.
PU
Purpose Unlimited is an equal employer and we are dedicated to fostering an inclusive and barrier-free work environment for all employees and candidates. We encourage all qualified candidates to apply and if accommodation is required during any stage of the recruitment process, please contact any member of the People & Culture team at
[email protected]. We thank all applicants for their interest; however, only those selected for interviews will be contacted.
Our work philosophy is a hybrid model allowing for flexibility and collaboration.
Applicants must be legally entitled to work in Canada. Immigration sponsorship is not offered for this role.
We may use artificial intelligence technology to assist in screening, assessing, or selecting applicants for this position. Final hiring decisions are made by qualified human reviewers.
