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?

Technology is the foundation of everything we do at TMX. It powers our trading platforms, clearing engines, data solutions, and indexing business. As a Senior Legal Counsel, you will support TMX’s mission to make markets better, while working at the intersection of cutting-edge technology, financial services, and market infrastructure.
Why Join TMX Group?
Direct Impact: Play a pivotal role in the Legal and Corporate Affairs (LCA) team supporting TMX’s Global Technology Services (GTS) as it champions next-generation solutions for markets.
Modern Culture: Experience a fast-paced, collaborative team that embraces legal tech experimentation, process optimization, and pragmatic problem-solving.
Growth & Curiosity: Work alongside cross-functional leaders who value technical literacy, continuous learning, and big-picture thinking.Position Overview

As part of TMX’s LCA team, reporting directly to the Director, Intellectual Property and Commercial Services, the Senior Legal Counsel, Commercial Services will serve as a trusted advisor supporting TMX Group Limited and its affiliates.

In this role, you will support the commercial group in LCA to draft, review, and negotiate high-impact commercial and technology agreements. You will provide actionable, risk-adjusted legal counsel in a fast-paced environment. We are seeking a legal professional with strong technical literacy and genuine curiosity about the technology underlying their legal work—including data flows, cloud environments, and emerging AI tools.

Key Responsibilities

• Commercial Contracting & Negotiation: Independently structure, draft, and negotiate complex technology and commercial agreements across varying levels of focus:

  • Core Expertise (High Experience): SaaS, PaaS, cloud infrastructure, proofs of concept (POCs), professional/consulting services, software development, hardware procurement, SLAs, data licensing, and cross-border data processing (including privacy compliance).

  • Emerging & Complex Areas (Familiarity): Artificial Intelligence / Generative AI, high-critical technology acquisitions, complex outsourcing, source code escrow, and open-source software (OSS) licensing.

• Strategic Projects & Advisory: Provide legal guidance on cross-jurisdictional strategic initiatives involving intellectual property, global privacy, data governance, information security, and regulatory compliance. Partner with cross-functional teams to identify and mitigate third-party risks.

• Day-to-Day Commercial Advice: Offer clear, pragmatic interpretation of contracts, corporate policies, and potential commercial disputes to protect TMX’s business and legal interests.

• Operational Excellence & Continuous Improvement: Help scale legal operations by contributing to contracting playbooks, standardized templates, and technology-assisted workflows. Proactively monitor legislative updates and legal trends in technology law to keep TMX strategies cutting-edge.

• Ad-Hoc Support: Adapt to evolving business priorities by managing special projects and additional legal duties as assigned.

Qualifications & Key Requirements

• Credentials: Called to the Bar of Ontario with membership in good standing with the Law Society of Ontario (LSO).

• Experience: Minimum 5+ years of relevant experience, ideally gained within a top-tier law firm or a sophisticated, regulated corporate legal department.

• Contract Expertise: Proven track record of drafting, negotiating, and advising on complex commercial and IT procurement contracts.

• Legal Knowledge: Strong foundational understanding of intellectual property (IP) law, IT legal principles, and relevant regulatory frameworks.

• Technical Literacy & Curiosity: A keen interest in the technology underlying the products you support (e.g., system architecture, data flows, cloud infrastructure).

• Skills & Mindset:

  • Exceptional written and verbal communication, drafting, and negotiation skills.

  • Sharp analytical skills with strict attention to detail.

  • Strong collaborative approach with the ability to build trust across all organizational levels.

  • An iterative, growth-oriented mindset—comfortable with legal tech experimentation and process optimization.

Nice to Have:

• Previous experience within the financial services or capital markets sector.

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

Salary Range: $175,000/year -195,000/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.