Legal Counsel

TMX Group•Toronto, ON

3d•CA$150,000 - CA$165,000•Hybrid

About The Position

This role focuses on providing commercial legal support, including drafting, reviewing, and negotiating a broad range of commercial contracts. The role will support the commercial group in GCO with a primary focus on GTS. Duties are centered on providing legal advice on contracts for SaaS, software, hardware, cloud infrastructure, and emerging technologies like AI/Generative AI. We are ideally looking for someone who has strong technical literacy and curiosity. As part of TMX’s legal and corporate affairs team, reporting to the Director, Intellectual Property and Commercial Services, the Legal Counsel, Commercial Services is responsible for supporting TMX Group Limited and its affiliates on a variety of commercial and transactional matters across the enterprise, including for the Global Technology Services team. In this role, you will work closely with the Strategic Procurement team, business lines, and technology stakeholders to draft, review, and negotiate a broad range of high-impact commercial contracts. You will act as a trusted advisor on multi-faceted strategic projects and commercial transactions in a fast-paced technology and financial services environment.

Requirements

Called to the Bar of Ontario with membership in good standing with the Law Society of Ontario
Qualified legal professional with at least 3 years of relevant, working experience ideally gained at a top-tier law firm or sophisticated, regulated corporate environment
Knowledge and experience drafting, negotiating, structuring and advising on various types of commercial contracts and transactions, including relating to all aspects of information technology and procurement
Good overall understanding of intellectual property law and other technology-related legal principles and regulatory frameworks
Exceptional written and verbal communication, negotiation and drafting skills
Excellent analytical and problem-solving skills, and attention to detail
Team-oriented and able to build relationships with all levels of the organization.
An iterative, growth-oriented mindset; comfortable with experimentation and driving legal operations improvements.
Technical literacy and curiosity; having a strong interest in understanding the technology underlying a legal matter (e.g. data flows and systems architecture).

Nice To Haves

Experience working in the financial services industry is an asset

Responsibilities

Independently structure, draft, and negotiate complex technology and commercial agreements, aligning your expertise across the following tiers: High Experience: SaaS, PaaS, cloud infrastructure, proof of concepts, professional and consulting services, data licensing and cross-border processing (including privacy compliance), software development agreements, Service Level Agreements and hardware procurement. Exposure/Familiarity: Artificial intelligence/Generative AI, high-criticality technology acquisitions, complex outsourcing transactions, source code escrow, open-source software (OSS) licensing.
Support multi-faceted, cross-jurisdictional strategic initiatives, providing actionable legal guidance across intellectual property (IP), artificial intelligence (AI), global privacy and data governance, information security and applicable regulatory requirements.
Partner with cross-functional teams to identify, assess and mitigate emerging technology and third-party risks.
Provide critical legal support on transaction and integration matters related to corporate acquisitions, divestitures, and reorganizations.
Deliver clear, risk-adjusted advice on contract interpretation, corporate policies, and commercial dispute resolution to protect the enterprise's interests.
Drive legal efficiency and scalability by contributing to the development of contracting playbooks, standardized templates and technology-assisted workflows to optimize department operations.
Stay abreast of emerging legal trends, legislative updates, and regulatory shifts in technology law to proactively adapt TMX’s contracting templates and legal strategies.
Handle other legal duties and special projects as assigned.