Vancouver, BC (candidates based in British Columbia or Ontario will be considered)
Position Summary
Cambridge MIC is a leading Canadian alternative mortgage lender managing a portfolio exceeding $400 million in assets. We are seeking a senior lawyer to lead our legal and compliance function. Reporting to executive leadership, the Legal & Compliance Lead will own all legal, regulatory, and compliance matters for the corporation and its exempt market capital-raising activities — spanning securities compliance, anti-money laundering, mortgage lending and enforcement, and corporate governance.

The ideal candidate pairs deep regulatory knowledge with practical, business-minded judgment, and is comfortable operating as the senior legal voice within a lean, entrepreneurial team.

Key Responsibilities

Legal & Compliance Leadership: Lead and build the legal and compliance function; serve as principal legal advisor to the executive team and board; develop, maintain, and enforce compliance policies and procedures; select, instruct, and manage outside counsel.

Securities & Distribution Compliance: Oversee capital raising under prospectus exemptions (NI 45-106), including offering memorandum maintenance and exempt distribution filings; ensure dealing activities comply with Exempt Market Dealer obligations under NI 31-103; oversee investor KYC, suitability, and eligibility processes; manage interactions with securities regulators, including the BCSC, ASC and OSC.

MIC & Fund Matters:



Monitor and maintain the corporation’s ongoing qualification as a mortgage investment corporation under section 130.1 of the Income Tax Act (Canada); advise on share issuances, redemptions, distributions, and shareholder matters; maintain fund and corporate documentation.

Anti-Money Laundering: Own the AML/ATF compliance program and policy under the PCMLTFA and FINTRAC guidance, including KYC, Enhanced Due Diligence, ongoing monitoring, regulatory reporting, and staff training.

Mortgage Lending & Enforcement: Oversee loan commitment and security documentation; manage defaults and enforcement/foreclosure proceedings in British Columbia, Alberta and Ontario through external counsel; advise on mortgage broker licensing and conduct requirements (BCFSA, FSRA, and other provincial regulators). Prepare the group for the upcoming transition to Mortgage Services Act.

Privacy, Contracts & Corporate: Advise on privacy obligations (PIPEDA and BC PIPA); review and negotiate commercial and vendor agreements; support corporate governance and board materials; monitor and implement regulatory change across the business.

Handle Compliance Audits & Reviews: Coordinate with external compliance consultants engaged by investor groups and/or regulators to complete external compliance audit requests and obligations.





Review Marketing Material & Public Disclosures: Ensure that all material – investor reports, offering memorandum, marketing material, advertising material, listings and any data distributed by the group is compliant with relevant regulatory requirements.

Required Qualifications

Preferred qualification of a LL.B. or J.D. and membership in good standing with the Law Society of British Columbia, the Law Society of Alberta or the Law Society of Ontario.

Minimum 10 years of post-qualification experience (PQE) in securities, investment funds, financial services regulation, or mortgage/real estate finance.

Working knowledge of the Canadian exempt market regime (NI 45-106, NI 31-103), including EMD compliance and KYC/suitability requirements.

Experience building or operating AML/FINTRAC compliance programs.

Demonstrated ability to run a legal and compliance function independently — sound practical judgment, robust drafting skills, and comfort acting as sole counsel.

Assets

Direct experience with MICs, private credit funds, or alternative mortgage lenders.

Eligibility to register as Chief Compliance Officer of an Exempt Market Dealer (e.g., PDO/CCO qualifying exams, Exempt Market Products Exam, or Canadian Securities Course).

Familiarity with mortgage broker regulation (BCFSA/FSRA/RECA) and mortgage enforcement practice.

Comfort adopting technology and AI-enabled tools to streamline compliance and documentation workflows.

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📌 Legal & Compliance Lead @ Cambridge Mortgage Investment C... (British Columbia)
🏢 Counselwell
📍 British Columbia