Bank of Montreal

Legal Counsel, Capital Markets

Bank of Montreal$90K — $180K *
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Fewer than 7 years of legal practice or equivalent education/experience.
  • JD or LLB degree and active legal license.
  • Experience in private practice, in-house legal, or regulatory body relevant to derivatives and trading.
  • Expertise in drafting and negotiating ISDA, CSA, Control Agreements, and other derivatives documentation.
  • Knowledge of regulatory issues related to derivatives, including margin requirements.
  • Strong negotiation skills with extensive experience in legal documentation.
  • Deep understanding of the legal field and BMO's business and regulatory environment.

Responsibilities

  • Provide strategic legal advice on derivatives and structured products.
  • Partner with trading and compliance teams to manage legal and regulatory risks.
  • Draft and negotiate key market documentation for trading activities.
  • Identify emerging legal issues and mitigate associated risks.
  • Consult and support business-related legal matters as a subject matter expert.
  • Deliver practical business-focused solutions for complex transactions.
  • Build relationships with internal and external stakeholders to support initiatives.

Benefits

  • Health insurance coverage.
  • Tuition reimbursement for further education.
  • Accident and life insurance policies offered.
  • Opportunities for retirement savings plans.
  • Performance-based incentives and discretionary bonuses.
Full Job Description

Application Deadline:

10/29/2026

Address:

151 W 42nd Street

Job Family Group:

Legal

This opportunity is ideal for a lawyer with experience in derivatives and capital markets who thrives in a dynamic, fast-paced financial services environment. As a member of BMO's Derivatives Legal Group within the Capital Markets Legal Team, you will provide strategic legal and regulatory advice on a broad range of derivatives, structured products, and trading-related matters. You will partner closely with trading, sales, risk, compliance, and operations teams to support business objectives while effectively managing legal and regulatory risk. The role offers exposure to complex transactions and regulatory developments, including margin requirements and evolving derivatives frameworks, and requires extensive experience drafting and negotiating key market documentation such as ISDA Master Agreements, CSAs, Control Agreements, Risk Participation Agreements, and related trading documentation. This is an excellent opportunity for a commercially minded legal professional who combines strong technical expertise, sound judgment, and exceptional negotiation skills with the ability to deliver practical, business-focused solutions in support of BMO's global capital markets franchise.

  • Recommends and implements solutions based on analysis of issues and implications for the business.

  • Identifies emerging issues and trends to inform decision-making.

  • Exercises judgement on moderate to complex decisions falling within standard policies and regulatory requirements.

  • Identifies and resolves routine issues.

  • Determines courses of action within procedural and policy guidelines & standards.

  • 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.

  • Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.

  • Provides specialized consulting, analytical and technical support.

  • Exercises judgment to identify, diagnose, and solve problems within given rules.

  • Works independently and regularly handles non-routine situations.

  • Broader work or accountabilities may be assigned as needed.

    Qualifications:

  • Less than 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.

  • Responsible for advising on a variety of derivatives and other trading products related matters.

  • Experience drafting and negotiating derivatives documentation including ISDA’s, CSA’s, Control Agreements, Confidentiality Agreements, Risk Participation Agreements, Master Confirmation Agreements, Long-Form Confirmations, and other derivatives documentation ancillary thereto.

  • Responsible for advising the business on regulatory issues related to derivatives, including initial and variation margin.

  • Participate in project-related matters within Derivatives Legal Group (within the Capital Markets Legal Team) from time to time

  • Knowledge in legal field, typically with a functional or business line specialization.

  • Knowledge of business and regulatory environment in which BMO Financial Group operates.

  • Proficient knowledge of subject matter legal requirements and the operations of a single client group.

  • Negotiation skills - in depth.

  • Deep knowledge and technical proficiency gained through extensive education and business experience.

  • Verbal & written communication skills - In-depth.

  • Collaboration & team skills - In-depth.

  • Analytical and problem solving skills - In-depth.

  • Influence skills - In-depth.

  • Data driven decision making - In-depth.

Salary:


$90,000.00 - $180,000.00

Pay Type:

Salaried

The above represents BMO Financial Group’s 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 Group’s expected target for the first year in this position.

BMO Financial Group’s 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: 

About Bank of Montreal

The Bank of Montreal is a Canadian multinational investment bank and financial services company. It provides a wide range of personal and commercial banking, wealth management, and investment banking products and services. The bank had revenues of CAD 23.6 billion in 2020.
Learn more about Bank of Montreal
Size
45,454 employees
Market Cap
$60.9 billion
Industry
Founded
1817
5 Year Trend
+9.1%
NASDAQ

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