111 W Monroe – 115 S LaSalle
Job Family Group:
Senior Counsel – (U.S. Personal & Business Banking)
Based in our Chicago office, this senior counsel role presents a unique opportunity for an experienced, high performing lawyer to have significant responsibility supporting the retail and business banking businesses in the U.S. across the full range of its activities – advising on the legal and regulatory aspects of consumer banking strategy, initiatives, products and services (deposits, lending) across all channels (branch, digital), including related marketing and communications; drafting required documentation; negotiating acquisition, service, marketing and other arrangements; advising on regulatory remediation; and supporting a wide variety of day to day inquiries from all levels of our P&BB business. Will provide and manage the delivery of legal and regulatory advice on products, initiatives, strategies, policies and developments for and on behalf of BMO Financial Group. Will provide legal advice based on knowledge of legal principles, practices and procedures, and knowledge of the financial services industry and its environment. Will influence and negotiate to achieve business objectives. Will work to achieve organizational goals while minimizing legal risk.
The ideal candidate will have:
A bank or consumer regulatory background, lending background, M&A/transactional background or bank/consumer regulatory litigation background with well developed drafting skills and experience with fair lending regulations
Enthusiasm to learn the consumer banking business, willingness to generally be “on call” and “roll up sleeves” to help address a wide variety of issues and confidence to advise senior leaders of the bank on legal and regulatory considerations and best practices will be considered without specific industry experience
Creative problem-solving skills with a customer-centric perspective
Ownership of issues and matters and ability to concurrently manage multiple high-risk, time-sensitive matters independently and with integrity
Facility with laws and regulations relating to the banking and finance industry, with emphasis on consumer federal and state law
Willingness to step into unfamiliar spaces and more routine matters to support the broader team.
Providing and managing the delivery of legal and regulatory advice on products, initiatives, strategies, policies and developments for and on behalf of BMO Financial Group based on knowledge of legal principles, practices and procedures, and knowledge of the financial services industry and its environment
Influencing and negotiating to achieve business objectives
Working to achieve organizational goals within our risk appetite
Providing legal advice on strategy, initiatives, products, services and transactions based on an in-depth understanding of the business/group
Acting as the prime subject matter expert for internal/external stakeholders on relevant laws, regulations and policies
Identifying and resolving moderately complex issues
Exercising judgement on complex, confidential and sensitive matters
Determining root causes and negotiating resolutions
Delivering legal advice, instructing external counsel and helping to ensure compliance with internal policies & procedures
Resolving daily issues and/or escalating issues with appropriate analysis and/or recommendations
Identifying risks and implements appropriate actions to mitigate them
Implementing areas of improvement to ensure consistency with the industry and marketplace.
Building effective relationships with internal/ external stakeholders
Operating at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders
Applying expertise and thinking creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine
Implementing changes in response to shifting trends
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 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
Typically, at least 7 years of legal practice with a majority of those years in a field developing the relevant skills for this role
Degree in law (JD) and license to practice law in relevant jurisdiction
Private practice, in-house experience, experience at regulatory body relating to the regulation of business/group activities, or combination of those required
Knowledge of business and regulatory environment in which BMO Financial Group operates
Advanced knowledge of subject matter legal requirements
Seasoned professional with a combination of education, experience and industry knowledge.
Verbal & written communication skills
Analytical and problem-solving skills
Collaboration skills; with a focus on cross-group collaboration
Able to manage ambiguity
Data driven decision making
We’re here to help
At BMO Harris Bank we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO Harris Bank team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at www.jobs.bmoharris.com.
BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
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