Legal Counsel
2 months ago
The Federation of Canadian Municipalities (FCM) is the national voice of municipal governments, representing the interests of cities and communities with the federal government.
**Position**
**Legal Counsel, Lending Unit**
**Department**
**Growth & Development - Green Municipal Fund (GMF) - Lending Unit**
**Classification**
**Level 8**
**Salary**
**Our salaries generally range from $106,000 - $144,000, and are based on qualifications and experience**
**Languages**
**Bilingual (English & French) is required**
**Term**
**Permanent Full-Time**
**Location**
**Hybrid (Ottawa)/Remote (Canada)**
**Why GMF is the place for you**
At GMF, we empower our people to create change where it has the most impact - municipalities. GMF is a $1.6 billion permanent endowment from the Government of Canada, managed at arm's length, making it nimble and available for higher-risk, higher-impact initiatives. A further $530M investment into GMF to support the National Adaptation Strategy was announced in November 2022. Our team is committed to helping local governments switch to sustainable practices faster. GMF is the cornerstone program of the Federation of Canadian Municipalities (FCM).
Our unique mix of funding, resources, and training gives municipalities the tools they need to build resiliency — and create better lives for Canadians. Through GMF, municipalities have reduced carbon emissions; built better transportation assets; constructed efficient and resilient buildings; diverted waste from landfill; made previously unusable land available for development; and improved soil and water quality.
**You in this role**:
The work at FCM includes FCM becoming an even more member-driven organization that balances the realization of its goals with a people-centered approach. The incumbent embodies FCM’s commitment to being a healthy, diverse, inclusive, and anti-racist organization. As a member of the team, the Legal Counsel works in a manner that embraces these values, the corporate culture and the passion for FCM’s mandate.
**What you’ll be doing**:
- Manages the transactional aspect of GMF lending contracts, including the negotiation, structuring, drafting, and amendments of contracts, occasionally in conjunction with external counsel.
- Establishes and monitors all legal policies and procedures for GMF staff including agreement templates, guidelines and interpretation tools, to ensure continuous improvement and compliance with GMF funding agreement and applicable legislation.
- Identifies when to engage specialized external Legal Counsel on complex files and to supplement internal capacity when volume is high.
- Builds internal knowledge and capacity of legal policies and practices through regular training sessions with Client Services, Funding and Investment (CSFI) unit staff, to ensure awareness of legal requirements and risk mitigation strategies.
- Prepares contract templates in English and French for the GMF Lending Unit.
- Prepares customized contracts and amendments as required for the Client and Funding Services team within GMF.
- Negotiates GMF funding agreements with GMF clients, as appropriate, to ensure that GMF is placed in a legally desirable position.
- Serves as lead representative on behalf of GMF for contract negotiation with certain municipal finance authorities and municipal finance corporations.
- Advises senior management in the development of external and internal positions, policies, procedures, operations and transactions related to GMF’s lending activities, manages legal risks within acceptable levels in an efficient and cost-effective manner and ensures that GMF complies with its governing documents (i.e., GMF Funding agreement) and applicable legislation.
- Conducts legal research and analysis to stay abreast of developments in municipal law, credit lending regulations, and relevant legislative changes impacting the GMF’s mandate.
- Collaborates closely with internal departments, such as Client and Funding Services, Finance, and Lending Unit and the Risk and Compliance Unit, to assess legal risks and opportunities associated with municipal projects and credit lending activities.
- Works collaboratively to develop comprehensive strategies for legal compliance and risk mitigation, ensuring alignment with organizational objectives and regulatory requirements.
**Your skills make us better**:
You bring:
**Education**:
- Baccalaureate of Laws (LL.B.) or equivalent from a recognized and accredited university.
- Certificate of Standing
**Experience**:
- Experience with commercial loan transactions, including structuring, drafting, and negotiating loan agreements.
- Experience with legal matters pertaining to affordable and social housing, particularly addressing different types of governance structures, including land trusts, charitable corporations, faith-based organizations, and joint ventures would be an asset.
**Knowledge**:
- Knowledge of the law as it applies to intell
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