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Posted March 02, 2024

Senior Legal Counsel, Capital Markets

BMO Harris
New York, NY Full Time
Reference: BMOHarrisR240002369

Application Deadline:03/15/2024Address:151 W 42nd StreetJob Family Group:LegalProvides legal advice and services to BMO Financial Groups client-focused...

Application Deadline:

03/15/2024

Address:

151 W 42nd Street

Job Family Group:

Legal

Provides legal advice and services to BMO Financial Groups client-focused high-performing Commodity/Metals business that operates globally in a dynamic trading and regulatory environment.

The candidate would support the business with a focus on:

  • Obtaining legal opinions from external counsel in new jurisdictions

  • Working closely with the BMO Legal Team and the line of business to negotiate documents that govern metals-related transactions including financing (metal loans, leases, consignments, prepaid forwards, deferred payment forwards), derivatives, trading of physically settled metal, metals storage and transportation, supply and offtake agreements and give up agreements

  • Working closely with the BMO Legal Team and the line of business on other metals-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 metals documentation including OTC derivative confirmations, leases, consignments, confidentiality agreements, collateral agreements, 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-widelevel 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: up to global, with assistance of local counsel in each jurisdiction.

  • 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 incontract law, OTC metalderivatives, metals financing transactions, metals give-up agreementsand other metals transactions.

  • Ability to draft andnegotiate metals documentation including (i) metals leases, consignments, loans, purchase agreements, master trading agreements, storage agreements, deposit agreements, inventory agreements, and transportation agreements, and (ii) OTC commodityderivativesdocumentation including ISDAs, CSAs, control agreements, confidentiality agreements, collateral agreements, risk participation agreements, give-up agreements, confirmations 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.

  • Analyticaland 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.

  • Seasoned professional with a combination of education, experience and industry knowledge.

#BMOLRC

Compensation and Benefits:

$130,000.00 - $241,200.00

Pay Type:

Salaried

The above represents BMO Financial Groups pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Groups expected target for the first year in this position.

BMO Financial Groups total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit:https://jobs.bmo.com/global/en/Total-Rewards

Were here to help

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. Well 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, well help you gain valuable experience, and broaden your skillset.

To find out more visit us at http://jobs.bmo.com/us/en

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each others differences, we gain strength through our people and our perspectives. BMO 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.

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.

This listing expired on Apr 01. Applications are no longer accepted.

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