Provides legal advice and services to BMO Financial Group’s client-focused high-performing capital markets business that operates in a dynamic trading and regulatory environment.
The candidate would support the business with a focus on:
Working closely with the BMO Legal Team and the line of business to negotiate documents that govern OTC derivatives (including ISDAs and trade Confirmations), metals transactions, bond swaps and loan swaps.
Working closely with the BMO Legal Team and the line of business on derivatives-related capital markets initiatives and policies.
Supports the capital markets business 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.
Responsibilities Include:
Delivers legal advice, instructs external counsel and ensures compliance with internal policies and procedures.
Drafts and negotiates derivatives and metals documentation such as ISDAs, confidentiality agreements, collateral agreements, novation agreements, metals inventory finance agreements, storage and transportation agreements, loan TRS and bond TRS trade confirmations, and ancillary documentation.
Participates in the design of legal advice strategies and approaches for capital markets activities and making recommendations to minimize legal issues, create efficiencies and contribute to growth.
Operates at an enterprise-wide level and serves as the prime subject matter expert and a specialist resource to senior leaders and other internal/external stakeholders (including sales and trading, tax, corporate banking and cross-business risk) on relevant laws, regulations and policies.
Identifies, exercises judgment and resolves complex, confidential and sensitive matters.
Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
Resolves daily issues and/or escalates with appropriate analysis and/or recommendations.
Implements areas of improvement to ensure consistency with marketplace.
Geographic scope: Canada, U.S., global.
Applies expertise and thinks creatively to address unique or ambiguous situations, identify risks and mitigants, and finds 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.
Qualifications:
Typically, 7 years of legal practice or an equivalent combination of education and experience.
Legal practice expertise and ability to draft and negotiate metals and OTC derivatives documentation such as ISDAs, CSAs, control agreements, confidentiality agreements, collateral agreements, risk participation, give-up agreements, loan TRS and bond TRS confirmations, metals inventory finance agreements, metals storage agreements and ancillary documentation.
Degree in law (LLB or JD) and license to practice law in relevant jurisdiction.
Knowledge in legal field, typically with a functional or business line specialization.
Knowledge of business and regulatory environment in which BMO Financial Group operates.
Strong organizational skills and ability to prioritize wide variety of matters simultaneously.
Negotiation skills - In depth / Expert.
Verbal and written communication skills - In-depth / Expert.
Analytical and problem solving skills - In-depth / Expert.
Influence skills - In-depth / Expert.
Negotiation skills - In-depth / Expert.
Collaboration and team skills; with a focus on cross-group collaboration - In-depth / Expert.
Results-oriented, driven and self-motivated with a commitment to excellence.
About Us
At BMO 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 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 https://jobs.bmo.com/ca/en.
BMO 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. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
We are committed to hiring military and Veteran spouses and encourage you to identify your connection with the MSEN when reaching out to us or applying to any of our open roles.
Have questions or want to learn more about us? We would love to hear from you!
Diversity and Recruitment Team
E mail: diversity.recruitment@bmo.com
Introduce Yourself to BMO (Military/Veterans)
We’re proud to be the official bank of the Canadian Defence Community – and that goes beyond supporting your financial well-being. We value the skills you’ve earned in the military, and we’re here to help as you move into the next stage of your professional life.
BMO is a top ten North American bank that provides personal and commercial banking, global markets and investment banking services to 13 million customers and clients. Founded in 1817, we’re driven by our Purpose: Boldly Grow the Good in business and life. BMO has established itself as a destination for top talent, with an employee experience that’s built on personalized career development opportunities, a performance-driven winning culture, competitive rewards and benefits, and a deepcommitment to the health and well-being of our people.
If you’re ambitious, curious, creative, and eager to make an impact, you should consider BMO as a place to build your career.
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