Legal Counsel

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets.  United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

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 centred 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.

Job Description Summary:

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. 

• Commercial Contracting & Negotiation: 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.

• Strategic Projects & Advisory: 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. 

• M&A and Corporate Integration: Provide critical legal support on transaction and integration matters related to corporate acquisitions, divestitures, and reorganizations. 

• Day-to-Day Commercial Support: Deliver clear, risk-adjusted advice on contract interpretation, corporate policies, and commercial dispute resolution to protect the enterprise's interests. 

• Operational Excellence & Continuous Improvement:  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. 

• Ad-Hoc Support: Adapt to evolving business needs by handling other legal duties and special projects as assigned. 

Must Have Skills:

• 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 Have Skills: 

• Experience working in the financial services industry is an asset

This role is hybrid (3 days/week in the office) - based in Toronto, ON.

Salary Range: $150,000/year -165,000/year CAD

Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience. 

In the market for…

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived! 

Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located. 

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.