Senior Legal Counsel, US Global Asset Management

Bank of Montreal•New York, NY

8d•$120,000 - $250,000

About The Position

Provides and manages legal and regulatory advice on products, initiatives, strategies, policies, and developments for BMO Financial Group, with a global scope and a focus on the United States. Applies legal principles, practices, and procedures alongside knowledge of the financial services industry to support business objectives while minimizing legal risk. Serves as a specialist resource to senior leaders and stakeholders across the organization, making recommendations on strategy and new initiatives and contributing to legal advice approaches that help minimize legal issues. Acts as a subject matter expert for internal and external stakeholders on relevant laws, regulations, and policies. Exercises judgment on complex, confidential, and sensitive matters; addresses moderately complex and non-routine issues; identifies root causes and negotiates resolutions; and resolves daily issues or escalates them with analysis and recommendations. Delivers legal advice, instructs external counsel, ensures compliance with internal policies and procedures, identifies and mitigates risks, and implements improvements in response to market conditions and changing trends. Builds effective stakeholder relationships. Additional broader work or accountabilities may be assigned as needed.

Requirements

Typically 7 years of legal practice or an equivalent combination of education and experience.
Juris Doctor (JD) degree and a license to practice law in the relevant jurisdiction.
Qualified in at least one U.S. state.
Knowledge in a legal field, typically with a functional or business-line specialization.
Knowledge of the 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.
In-depth negotiation skills.
In-depth or expert verbal and written communication skills.
In-depth or expert analytical and problem-solving skills.
In-depth or expert influence skills.
In-depth or expert collaboration and team skills, with a focus on cross-group collaboration.
Ability to manage ambiguity.
In-depth or expert data-driven decision-making skills.
Seasoned professional with a combination of education, experience, and industry knowledge.

Nice To Haves

Private-practice, in-house, or regulatory-body experience relating to regulation of business or group activities may be required.

Responsibilities

Provide and manage legal and regulatory advice on products, initiatives, strategies, policies, and developments.
Influence and negotiate to achieve business objectives while minimizing legal risk.
Make recommendations to senior leaders on strategy and new initiatives based on an in-depth understanding of the business.
Contribute to the design of legal advice strategies and approaches and recommend ways to minimize legal issues.
Serve as a subject matter expert for internal and external stakeholders on relevant laws, regulations, and policies.
Exercise judgment on complex, confidential, and sensitive matters; identify root causes and negotiate resolutions.
Deliver legal advice, instruct external counsel, and ensure compliance with internal policies and procedures.
Resolve daily issues or escalate them with appropriate analysis and recommendations.
Identify risks and implement appropriate mitigation actions.
Implement improvements to support consistency with marketplace developments and respond to shifting trends.
Build effective relationships with internal and external stakeholders.
Take on broader work or accountabilities as needed.

Benefits

Health insurance
Tuition reimbursement
Accident and life insurance
Retirement savings plans
Performance-based incentives and discretionary bonuses may be included in total compensation, along with other perks and rewards.

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