Senior Legal Counsel, US Global Asset Management

BMO • New York, NY

9d • $120,000 - $250,000

About The Position

BMO Financial Group is hiring a Senior Legal Counsel to provide and manage legal and regulatory advice concerning products, initiatives, strategies, policies, and developments. The role applies legal knowledge and financial-services industry expertise to advance business objectives while minimizing legal risk. It serves as a specialist resource to senior leaders and stakeholders at a group or enterprise-wide level, with a global scope and a focus on the United States.

The counsel advises on complex, confidential, and sensitive matters; serves as a subject matter expert for internal and external stakeholders; and supports a single or small number of functions. The role also helps shape legal strategies, makes recommendations on business strategy and new initiatives, instructs external counsel, identifies and mitigates risks, resolves issues, and implements improvements in response to changing trends. Broader work or accountabilities may be assigned as needed.

Requirements

• Typically seven years of legal practice, or an equivalent combination of education and experience.
• Law degree (JD) and a license to practice law in a relevant jurisdiction; qualification in at least one U.S. state.
• Knowledge of the 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 relevant 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 teamwork skills, with a focus on cross-group collaboration.
• Ability to manage ambiguity.
• In-depth or expert data-driven decision-making skills.

Nice To Haves

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

Responsibilities

• Provide and manage legal and regulatory advice on products, initiatives, strategies, policies, and developments.
• Apply legal principles and financial-services industry knowledge to support 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 or group.
• Participate in designing 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 and resolve moderately complex issues.
• Determine root causes, negotiate resolutions, and resolve daily issues or escalate them with appropriate analysis and recommendations.
• Deliver legal advice, instruct external counsel, and ensure compliance with internal policies and procedures for assigned functions.
• Identify risks and implement appropriate mitigation actions.
• Implement improvements to support consistency with marketplace practices and respond to shifting trends.
• Build effective relationships with internal and external stakeholders.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included in the total compensation package, depending on the pay type.
• Other perks and rewards may be included in the total compensation package.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Ph.D. or professional degree