Senior Legal Counsel - Employment, Benefits and Compensation

Bank of Montreal•Chicago, IL

3d•Hybrid

About The Position

At BMO, our workplace plays an important role in fostering collaboration, innovation, mentorship, and career growth. We bring teams together to solve complex challenges, share ideas, and build meaningful connections. This is a hybrid role based in Chicago, requiring a minimum of three days per week in the office at 320 S. Canal Street, with an anticipated increase to 4-5 days per week in the future. As Senior Legal Counsel, Employment, Benefits & Compensation, you will provide strategic legal and regulatory advice on a broad range of U.S. employment law, employee benefits (including ERISA), and compensation matters across BMO Financial Group. Partnering closely with business and HR leaders, you will help shape decisions, manage legal risk, and support key organizational initiatives while navigating an evolving regulatory landscape.

Requirements

Typically 7 years of legal practice or an equivalent combination of education and experience.
Degree in law (LLB or JD) and license to practice law in relevant jurisdiction.
Private practice, in-house experience or experience at regulatory body relating to the regulation of business/group activities may be required.
Knowledge in legal field, typically with a functional or business line specialization.
Knowledge of business and regulatory environment in which BMO Financial Group operates.
Advanced knowledge of subject matter legal requirements and the operations of a single client group.
Negotiation skills - in depth.
Seasoned professional with a combination of education, experience and industry knowledge.
Verbal & written communication skills - In-depth / Expert.
Analytical and problem-solving skills - In-depth / Expert.
Influence skills - In-depth / Expert.
Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
Able to manage ambiguity.
Data driven decision making - In-depth / Expert.

Responsibilities

Provides legal advice based on knowledge of legal principles, practices and procedures, and knowledge of the financial services industry and its environment.
Influences and negotiates to achieve business objectives.
Works to achieve organizational goals while minimizing legal risk.
Provides advice and counsel on wide range of employment, compensation, and employee benefit/ERISA matters, including on retirement plans, and health and welfare plans, and on issues including employee relations, performance management, leaves of absence and accommodations, wage and hour, pay equity, internal investigations, compensation and benefits, contingent workers, immigration, recruitment, inclusion, and mergers, acquisitions and outsourcing.
Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
May participate in the design of legal advice strategies & approaches for the unit activity and making recommendations to minimize legal issues.
Acts as the prime subject matter expert for internal/external stakeholders.
Exercises judgement on complex, confidential and sensitive matters
Identifies and resolves moderately complex issues.
Determines root causes and negotiates resolutions.
Delivers legal advice, instructs external counsel and ensures compliance with internal policies & procedures for a single or small number of function(s).
Acts as a subject matter expert on relevant laws, regulations and policies.
Resolves daily issues and/or escalates with appropriate analysis and/or recommendations.
Identifies risks and implements appropriate actions to mitigate them.
Implements continuous improvements to ensure alignment with marketplace practices and industry standards.
Builds effective relationships with internal/ external stakeholders.
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
Implements changes in response to shifting trends.
Broader work or accountabilities may be assigned as needed.