Senior Counsel - Regulatory

Overview

Scope and Impact
The jurisdiction of the role is the U.S. The role has direct or indirect impacts on the following:
Legal Risk;
Regulatory Risk;
Reputational Risk; U.S. Regulatory Relationships;
Ability to execute strategic objectives. The role is complex due to the highly regulated nature of the financial industry, the breadth and complexity of BMO’s businesses, the supervisory and business environment, multiple regulatory regimes and regulators, and the pace of regulatory change. Failure to fully understand and comply with regulatory requirements and supervisory expectations may impact the bank’s ability to execute on key strategic objectives.

Key Relationships
Internal:
Other employees in ERO and LRC, both in the U.S. and Canada;
Senior leaders in lines of business and corporate areas. External:
Regulatory Attorneys at other financial institutions; key industry associations.

The Enterprise Regulatory Office (ERO), within Legal & Regulatory Compliance (LRC), supports the BMO enterprise and helps BMO meet regulatory obligations and supervisors’ expectations. ERO advises on legal and regulatory matters, provides leadership and guidance on regulatory interactions, oversight regarding regulatory examinations and remediation of supervisory findings, and reports to senior management and the board on significant matters. The Senior Counsel - Regulatory will support the Chief Regulatory Officer and the ERO in the United States.

The role is a senior attorney in ERO that will provide bank regulatory advice to business lines and corporate functions across the enterprise, while working closely with other attorneys in LRC. ERO provides legal and regulatory advice on a broad range of U.S. federal banking laws and regulations – including the Bank Holding Company Act, the International Banking Act, the Bank Merger Act, and various Federal Reserve regulations (Regulations K, O, W, Y, and VV, among others).

The Senior Counsel, Regulatory Attorney will provide analysis and advice regarding acquisitions and divestitures, affiliate transactions, proposals for new or updated products, activities, or services, and corporate governance and structure. The role requires staying abreast of the current regulatory and supervisory environments and reviewing, analyzing, and summarizing proposed legal and regulatory changes in an actively evolving regulatory environment.

• Advise on all aspects of bank regulatory issues
• Provide guidance and advice to lines of business and corporate areas regarding implications of applicable laws and regulations on business strategies and new products, services, and activities
• Assist in regulatory notifications and/or applications related to bank reorganization, expansion, or acquisition activity
• Ensure BMO stays abreast of proposed changes to banking laws and regulations, including analyzing, assessing, summarizing, and reporting with respect to proposed amendments and other related developments
• Participate in and advise on the bank’s advocacy efforts, focused on emerging supervisory and regulatory matters

Salary: $ - $
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 view:

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…