Legal Counsel, Wealthsimple
Risk & Disputes
Professional investing services made simple
Job no longer available
Professional investing services made simple
1001+ employees
Job no longer available
1001+ employees
Company mission
To help everyone achieve financial freedom.
Role
Who you are
- We are looking for someone who is an excellent business partner and strategic thinker, who is pragmatic and creative, and who seeks to leverage technology to enhance both the quality and efficiency of our risk function
- This position requires a highly professional individual with strong communication skills, situational awareness, and the ability to operate effectively in dynamic and sensitive environments
- LL.B. or J.D. and member of a Canadian provincial bar association, preferably called in Quebec
- 3-5 years of litigation experience, preferably with a mix of private practice and in-house experience
- Demonstrated knowledge in areas relating to banking law and the financial services industry (as noted above), and the Quebec legal system
- Ability to build effective relationships with internal partners, regulators, and external counsel
- Strong communication and problem-solving skills, and the ability to balance multiple competing priorities
- Bilingualism (English and French) required
What the job involves
- We are looking for a Legal Counsel, Risk & Disputes to help improve our strong capital markets risk management program
- At Wealthsimple, we believe that effective risk management is a massive driver of business value and growth, and we are looking for a sophisticated lawyer who shares that mindset
- This multifaceted role will touch almost every corner of our business
- This includes disputes and investigations, payment and brokerage compliance/complaint matters, production orders and third party demands, and proactive risk management in close collaboration with our product, marketing, brokerage operations, compliance, fraud and client success teams
- Evaluate business decisions and provide advice to senior business leaders on potential legal risk issues, taking into account both legal and business perspectives
- Respond to disputes and third party investigations, with the exception of employment disputes
- Handle complex business and legal issues in a fast-paced, agile and evolving technology-driven business environment
- Provide substantive legal advice on disputes arising from all aspects of a payments and brokerage business, including with respect to: bills of exchange and payment rules, debt recovery, fraud, lending issues, negligence, third party demands, and the company’s obligations under federal and provincial legislation
- Proactively identify and resolve emerging business risks that Wealthsimple may face across its product offering
- Contribute actively to innovative ideas for quality and scalability within our rapidly growing business
- Implement AI and other innovative technology to increase the quality and effectiveness of our risk management program
- Assist or lead ad hoc projects and internal investigations as directed
- Manage formal legal proceedings, including the cost and performance of external counsel
- Provide support with respect to court summonses, court orders, regulatory inquiries, and court documentation or filings. Partner with all relevant units to ensure effective management and compliance
Our take
Wealthsimple is one of a crop of robo-advisors trying to democratize investment management. These companies are disrupting the industry by automating many of the processes involved in investment removing the need for human advisors.
But while other so-called robo-advisors are focused on courting the high end of the market, Wealthsimple is trying to provide the same types of tools and advice to all users, regardless of the amount they have to invest.
Wealthsimple does have higher fees than some other robo-advisors such as Betterment and Charles Schwab. However, the company believes that it provides a more user-friendly platform, tailored to millennials who will be attracted to Wealthsimple due to its ease of use and social impact offerings.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-10% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Oct 2025
$394m
LATE VC
May 2021
$537.2m
LATE VC
Total funding: $1.2bn
Company benefits
- Retirement savings matching plan through Wealthsimple Work
- Company equity for full-time employees
- Access to Premium Client perks, including personal finance learning & advice and a boosted interest rate on deposits
- Paid parental leave (6 months topped up to 100% of salary)
- 20 vacation days per year
- 90 Days Away program
- Top-tier health benefits
- Life & disability insurance
- Generous sick and mental health days
- Employee resource plan including services like RMT, psychology, and physiotherapy
- Up to $5,000 per year for mental health supports
- Gender Affirmation benefits
- Up to $1,500 per year for professional development
- Up to $1,500 per year for wellness and home office expenses
- Employee resource groups
- Social impact hours
Company HQ
Fashion District, Toronto, ON
Leadership
Michael Katchen
(CEO)Previously worked as a Business Analyst at McKinsey and then at Ancestry.com as Country Director for Canada.
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