Director, Assistant General Counsel – Payments

Location: 161 Bay Street, Toronto, Ontario, Canada.

Overview

This role will serve as a key legal advisor to the credit card business, supporting product development, regulatory compliance, and strategic initiatives across the Canadian market. The successful candidate will operate at the intersection of law, technology, and financial services, advising on complex and evolving payments frameworks with high impact and significant exposure to senior business leadership.

Responsibilities

- Provide strategic legal advice and support to business partners on current products and new business strategies.
- Provide expert legal advice on Canadian payments laws and frameworks, including the Retail Payment Activities Act (RPAA), PCMLTFA, Bank Act, and oversight from the Bank of Canada, Fintrac, and the FCAC.
- Advise on credit card regulatory requirements, including disclosure, consumer protection, interchange, and network rules.
- Advise on new and upcoming legislation and regulatory expectations relevant to the financial services and payments industry in Canada.
- Advise on emerging payments issues, including tokenization, digital wallets, consumer‑driven (open) banking, and third‑party service providers.
- Draft, review, and negotiate complex commercial agreements, including vendor, processing, co‑brand, and technology agreements.
- Build and maintain effective and engaging working relationships with legal colleagues, business partners, and outside counsel.
- Assist and/or lead in responding to regulatory, government, or audit requests.
- Perform other responsibilities as requested.

Basic Qualifications

- A law degree (LLB or JD) from an accredited law school and an active license to practice law in Ontario.




- At least 10 years of experience in private practice, an in‑house legal department, or other work setting, supporting business teams in the financial services industry.
- Significant experience and in‑depth knowledge of the payments ecosystem, commercial contracting, and data protection laws.
- Deep expertise in payments, credit cards, and financial services regulation in Canada.
- Strong familiarity with key regulatory bodies, including OSFI, Fintrac, FCAC, and the Bank of Canada.
- Fluency in translating complex legal advice into actionable guidance for business teams.

Preferred Qualifications

- Demonstrated ability to manage a large volume of work, including complex legal issues, with a growth and possibilities mindset.
- Ability and willingness to work as a collaborative team player and comfort interacting with associates across all job levels and lines of business.
- Commercially minded, with sound judgment and a practical approach to problem solving.

Perks

- Hybrid work environment with 3 days in the office.
- One‑time Work From Home allowance and convenient head office location for easy commuting.
- Full coverage for spouse, domestic partner, and dependents.
- Up to $3,000 in mental health coverage and up to $5,000 in tuition subsidies per year.

Equal Opportunity Employer

Capital One Canada is an equal opportunity employer committed to fostering a diverse and inclusive work environment. We consider all qualified applicants and will meet the needs of those requiring reasonable accommodations. If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1‑800‑304‑9102 or via email at

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📌 Director, Assistant General Counsel - Payments (Toronto)
🏢 Capital One
📍 Toronto