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About the Role

As a Managing Counsel, you will support the enterprise in achieving the business/operations, strategic priorities and operational performance goals of the Law Group, in particular the performance commitments of solution-oriented advice and responsiveness. You will provide legal services primarily to the Cards & Loyalty business team on a broad range of legal and regulatory matters.

Responsibilities

• Provide strategic legal advice and leadership on a broad range of complex legal and regulatory matters related to credit cards, network relationships, loyalty/rewards programs, merchant partnerships (including the offers program) and merchant solutions, supporting enterprise-wide initiatives and aligning with business objectives
• Champion the legal oversight of and serve as subject matter expert for the RBC Rewards Program, including negotiating agreements with high-impact merchants and third-party partnerships, and overseeing the development of client-facing materials and terms and conditions.
• Act as a key legal advisor in the management and negotiation of the network agreements (Visa and Mastercard)
• Direct the legal efforts to advise on innovative offerings including linked loyalty, embedded value and data sharing that deliver value to clients and Avion Rewards members
• Serve as the senior legal advisor for the merchant offers program, directing legal strategy, negotiating commercial agreements with key merchant partners, and creating third-party collateral
• Coordinate and collaborate with a cross-functional team including Compliance, Privacy, Risk and other enterprise partners to enable innovative solutions, manage legal risk and promote alignment with the overall strategy of the Cards & Loyalty business
• Proactively identify, assess and manage emerging legal risks and regulatory developments in a fast-paced and evolving environment

Requirements

• At least 12 years of relevant experience at a large law firm, financial institution or other highly regulated industry
• Membership in provincial/territorial law society or bar association. Called to the Bar in any Canadian Province or Territory
• Strong business acumen and ability to analyze legal risk in the context of business realities
• Experience in drafting and negotiating contracts and providing advice in connection with consumer protection

Skills

• Business Perspective
• Coaching Others
• Customer Service Management
• Decision Making
• Financial Regulation
• Group Problem Solving
• High Impact Communication
• Legal Practices
• Time Management

Location

• ROYAL BANK PLAZA, 200 BAY ST:TORONTO
• Toronto
• Canada

Work Type

• Full time
• Salaried

Experience Level

• 12 years of relevant experience

Education Level

• Bachelor of Law/Juris Doctor Degree (Common Law or Civil) from a recognized law school

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable

About the Company

• At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.