Jobs for Veterans, Veteran Job Board |

Post Jobs

Job Information

BMO Financial Group Associate General Counsel, Regulatory Liaison and Regulatory Attorney, Enterprise Regulatory Office in Chicago, Illinois


TheEnterprise Regulatory Office (“ERO”) supports the BMO enterprise and helps BMOmeet its regulatory obligations. EROprovides legal advice on regulatory matters, provides leadership and guidanceon regulatory examinations and interactions, oversees BMO’s regulatorydevelopment committees and regulatory development framework, and reports to theboard of directors on significant matters.

The Associate General Counsel, Regulatory Advice and Regulatory Liaison,supports the U.S. Chief Regulatory Officer and the ERO in the United States.The role is a senior level attorney in ERO that will provide bank regulatoryadvice and oversee the regulatory liaison function. The role will provide bankregulatory advice to business lines and corporate functions, stay abreast ofthe current regulatory and supervisory environments, help maintain keyrelationships with U.S. regulators, oversee and advise on regulatoryexamination activity and supervisory activities. The role reports directly tothe U.S. Chief Regulatory Officer.

EROprovides bank regulatory advice to lines of business or corporate areas,including advice on:

  • Acquisitionsor divestitures

  • Affiliatetransactions

  • VolckerRule

  • RegulationO

  • Powers,activities and investments

  • Corporategovernance and structure

TheRegulatory Liaison function within ERO maintains relationships and oversees thesupervisory examination process with key regulators, including:

  • Providesadvice, guidance, and procedures to management for key regulatory examinationand supervisory activities;

  • Helpsprepare and support the business during regulatory examination and supervisoryactivities;

  • Overseesresponses to supervisory matters and provides input on action plans to addressdeficiencies, as appropriate;

  • Interfacesdirectly with the supervisory teams of key regulators to ensure appropriateinformation flow and maintain regulatory relationships; and

  • SupportsBMO U.S. CEO and BFC COO in regulatory relationship responsibilities, monitorsremediation activities and provides appropriate updates, as necessary, to and BFC board of directors or committees.

Key Accountabilities

  • Provideguidance and advice to lines of businesses and corporate areas regardingimplications of applicable laws, regulations and reputational risks on businessstrategies and new products

  • Assistin any regulatory application activities related to bank expansion oracquisition activity

  • Provideleadership in maintaining relationships with key regulators across BMO USOperations

  • EnsureBMO stays abreast of supervisory trends and themes and participate in actionsto address them

  • Overseethe submission of responses to supervisory matters and provide input on actionplans to address deficiencies and matters requiring attention and relatedreporting, as appropriate

  • Createand present reports and presentations on supervisory trends and themes and anyactions taken to address such themes

  • Participateand advise on the bank’s advocacy efforts, focused on supervisory andregulatory matters

Scope and Impact

Therole is U.S. jurisdictional. The role has direct or indirect impacts on thefollowing:

  • RegulatoryRisk

  • ReputationalRisk

  • U.S.Regulatory Relationships

  • Abilityto execute strategic objectives

The role is highly complex as a result of the complexity of supervisoryenvironment and the business environment, the fact that many of thesebusinesses are highly regulated by specific regulatory regimes and regulators,many of which differ by jurisdiction (province, state, country), and the numberof important regulators.Failure tofully understand and demonstrate an understanding of regulatory environment mayimpact the bank’s ability to execute on key strategic objectives.

Key Relationships


Peer relationship with other direct reports of U.S. Chief Regulatory Officer andEnterprise Chief Regulatory Officer

U.S. senior leaders of lines of business and corporate areas


Key regulators in the U.S.

Key industry associations


Knowledge and Skills

  • Law Degree

  • At least 10 years’ experience in financial services

  • Good knowledge of US financial services legislation and regulation, with afocus on bank regulatory matters and acquisitions

  • Good knowledge of US regulatory landscape and priorities

We’re here to help

At BMO Harris Bank we have a shared purpose; we put the customer at the center 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 Harris Bank 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 .

BMO Harris Bank 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. BMO Harris Bank N.A. 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.

Job Field:

Legal Counsel

Job Schedule:


Primary Location:

United States-Illinois-Chicago