Senior Counsel | Corporate Governance

This role provides and manages the delivery of legal advice and services on products, services, initiatives, policies and developments for and on behalf of BMO Financial Group to achieve organizational goals while minimizing legal risk.
The role draws on knowledge of the principles, practices and procedures of the law and knowledge of the financial services industry and its environment to implement areas of improvement, to ensure consistency with market practice, to identify risk, to ensure compliance with internal policies & procedures and to communicate appropriately with stakeholders for various functions/activities for an assigned business area and communicating appropriately with stakeholders 
 
Mandate
The Senior Counsel and Senior Manager Compliance is responsible for:
  • ensuring all corporate, regulatory and related risks originating from the Subsidiary Governance Office (SGO) of the Bank and its Canadian and foreign subsidiaries (non-US) are properly identified and managed to ensure compliance with applicable legislation;
  • provide corporate law and governance advice for internal transactions and supervise drafting  of corporate law documents for such transactions to support the responsibilities of the SGO;  and
  • responsible for the Bank’s Global Entity Management System (GEMS) and other technology relevant to the functions of the SGO.
The Senior Counsel and Senior Manager Compliance will be the Business Unit Controls Officer for Corporate Secretary Canada.
 
Key Accountabilities    
  • Strategy & Risk Management
    • Identify, assess and interpret corporate law and corporate governance legislation and policies and determine the appropriate customization for the Bank subsidiaries’ businesses
    • Design, implement and monitor an effective compliance program for the SGO to manage regulatory risk relating to corporate governance for the Bank and its subsidiaries to ensure compliance with applicable laws, regulations and policies
    • Identify and manage compliance issues and work with stakeholders to affect remedial actions including strengthening controls to ensure future compliance
    • Oversee the assessment of responsible persons process for Bank directors and ensure compliance with all OSFI and internal requirements
    • Responsible for GEMS and designing and implementing procedures to ensure the accuracy  and completeness of the information in GEMS
    • Responsible for overseeing other technology to improve efficiency of SGO operations

 

  • Compliance
    • As the Business Unit Controls Officer for Corporate Secretary Canada, responsible for identifying, understanding, monitoring and ensuring compliance with corporate governance legislation applicable to the Bank and its subsidiaries
    • Design and implement policies and procedures to identify, quantify, manage, track and report risk to comply with the Enterprise Compliance Program
    • Oversee corporate and regulatory filings for the Bank’s Canadian subsidiaries 

 

  • Transaction and Project Management
    • Review capital management transactions and new products, structures and initiatives and coordinate review and sign-off conditions from LOB lawyers.  Make approval recommendations on these initiatives
    • Provide corporate law and governance advice for internal transactions and supervise the drafting of corporate law documents for these transactions
    • Continue to enhance the database of transaction closing documents and annotated precedent templates relating to internal transactions

 

  • Relationship Management
    • Maintain an enterprise-wide network of relationships with LOBs and Corporate Areas. Provide subject matter expertise on subsidiary governance matters to enhance internal awareness of their strategic value.
    • Network, develop and build connections with other financial institutions to create and keep abreast of industry best practices.
 
  • Managerial Leadership
    • Manage, train and mentor a team of law clerks and a database manager in providing governance and corporate law support to the Bank’s subsidiaries
    • Provide leadership, motivation, coaching and professional development for team.
 

 

 
Qualifications
 
Knowledge and Skills  
 
(i) Knowledge
  • Minimum requirements are a degree in law (LLB or JD ) and license to practice law in Ontario
  • Strong knowledge  and understanding of corporate law
  • Knowledge of corporate governance an asset
  • Knowledge and understanding of regulatory compliance
  • Experience implementing technology solutions an asset
  • Knowledge of business and regulatory environment in which BMO Financial Group operates
  • Minimum of 7 or more years of legal practice or other relevant experience.
 
 (ii) Skills
  • Demonstrate strong interpersonal skills including working directly with board members and executive officers
  • Excellent relationship management skills – ability to work independently or in a team environment
  • Strong leadership skills with the ability to successfully lead and empower a team
  • Skilled in proactively providing ideas, advice and solutions relative to legal issues
  • Strong legal research and analytical skills to identify and understand corporate and regulatory requirements and to apply them the Bank’s subsidiaries
  • Strong verbal and written communication skills
  • Above average negotiation skills
  • Policy development including researching requirements and industry best practices, managing consultation with impacted stakeholders, developing and evaluating policy options, recommending approach, drafting policies
  • Possess strong time management and organizational skills – be well organized, work well under pressure to meet a variety of deadlines, manage multiple concurrent activities and set priorities
  • Foster a culture of curiosity that raises questions about the Bank’s standard practices and procedures to support a continuous improvement culture
  • Energetic and highly motivated with a positive and confident attitude
  • Willing to learn and accept challenges 
 

We’re here to help

 

At BMO we have a shared purpose; we put the customer at the centre of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.

 

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://bmocareers.com.

 

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.

 

 

Similar searches: Full time, Lawyer - In House Counsel, Compliance, Corporate/Commercial Law