Bank of Montreal

Senior Counsel, Capital Markets

Bank of Montreal$120K — $250K *
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Typically 7+ years of legal practice or equivalent experience.
  • Law degree (LLB or JD) and licensed to practice in relevant jurisdiction.
  • Experience in private practice, in-house, or regulatory body with derivatives.
  • Proficient in drafting and negotiating derivatives documentation.
  • Knowledgeable in regulatory issues concerning derivatives, including margin requirements.
  • Strong verbal, written, and analytical skills.
  • Expertise in collaborative cross-group team skills.

Responsibilities

  • Provide strategic legal advice on derivatives and trading matters.
  • Partner with various teams to support business objectives and manage risk.
  • Act as a subject matter expert for internal and external stakeholders.
  • Negotiate legal resolutions for complex and sensitive issues.
  • Deliver legal counsel while ensuring compliance with internal policies.
  • Build effective relationships across internal and external networks.
  • Identify and mitigate legal risks in trading operations.

Benefits

  • Health insurance coverage.
  • Tuition reimbursement opportunities.
  • Accident and life insurance benefits.
  • Retirement savings plans with employer contribution.
  • 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.

  • 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.

Qualifications:

  • Typically 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.

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

  • Negotiation skills - in depth.

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

  • Verbal & written communication skills - In-depth / Expert.

  • Analytical and problem solving skills - In-depth / Expert.

  • Influence skills - In-depth / Expert.

  • Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.

  • Able to manage ambiguity.

  • Data driven decision making - In-depth / Expert.

Salary:


$120,000.00 - $250,000.00

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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