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Senior Legal Counsel

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BMO

25d ago

  • Job
    Full-time
    Senior & Expert Level
  • Legal
  • £130K - £241.2K
  • Chicago
  • 20hrs left

AI generated summary

  • You must have at least 7 years of legal practice, a degree in law, and knowledge of business and regulatory environments. Strong negotiation, communication, analytical, and collaboration skills are essential, along with the ability to manage ambiguity and make data-driven decisions.
  • You will provide expert legal counsel on a wide range of employment, compensation, and benefit matters, advise senior leaders on strategy, resolve complex issues, mitigate risks, and build relationships with stakeholders on a global scale.

Requirements

  • Typically minimum 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 advice and counsel on wide range of employment, compensation, and employee benefit 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, diversity and 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 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 areas of improvement to ensure consistency with market place.
  • Builds effective relationships with internal/ external stakeholders.
  • Geographic scope: up to global.
  • 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.

FAQs

What are the primary responsibilities of a Senior Legal Counsel at BMO Financial Group?

A Senior Legal Counsel provides legal and regulatory advice on products, initiatives, strategies, policies, and developments for and on behalf of BMO Financial Group. They also manage the delivery of legal advice, influence and negotiate to achieve business objectives, and work to achieve organizational goals while minimizing legal risk.

What specific legal expertise is preferred for this role?

The ideal candidate for this role would have expertise in U.S. employment law, employee benefits (including ERISA plans), and/or employee compensation plans. Candidates are encouraged to apply even if they do not possess all of the identified skills.

What qualifications or experience are necessary to be considered for the Senior Legal Counsel position?

Candidates for the Senior Legal Counsel position should have knowledge of legal principles, practices, and procedures, as well as knowledge of the financial services industry and its environment. They should also have experience providing legal advice and influencing business objectives. Expertise in U.S. employment law, employee benefits, or employee compensation plans is preferred.

Finance
Industry
10,001+
Employees
1817
Founded Year

Mission & Purpose

At BMO, banking is our personal commitment to helping people at every stage of their financial lives. The truth is, people’s needs change: so we change too. But we never change who we are. Which means we’ll never waiver from providing our customers the best possible banking experience in the industry. Our incredible team of over 46,000 people is just the tip of the iceberg. You should get to know us. We’re here to help.