Senior Legal Counsel

Purpose Unlimited • Toronto, ON

1d • Hybrid

About The Position

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.

Senior Legal Counsel, Investment Funds, provides strategic legal and regulatory advice in support of the organization’s public investment funds and 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.

Requirements

• 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
• Applicants must be legally entitled to work in Canada.

Responsibilities

• 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.
• 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.
• Advise on legal and regulatory risk and disclosure issues related to fund operations.
• Support investment fund governance frameworks, policies, and procedures.
• Assist with regulatory reviews, audits, and inquiries by securities regulators relating to investment fund matters.

Benefits

• Competitive compensation including equity program.
• Comprehensive group health and dental benefits and life insurance at little to no cost to you.
• Lifestyle Spending Account for all your wellness needs.
• Flexible paid time-off policy with unlimited vacation days, and flexible sick and mental health days.
• Paid parental leave for eligible employees with a top-up.
• Generous Group RRSP matching and an optional TFSA program.
• Training opportunities and tuition support year-round.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed