Associate General Counsel, Capital Markets

Socket.dev; Toronto; On-site; CAD 140,000 - 240,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group is seeking an experienced Associate General Counsel to lead the Capital Markets legal team in Toronto. You will advise on securities finance, derivatives, and related regulatory matters, while guiding a team of lawyers and law clerks to deliver strategic legal solutions.

The role requires a strong background in exchanges, repos, and complex documentation, with a focus on minimizing risk while enabling business objectives.

Qualifications

• Typically 10+ years of legal practice or equivalent experience.
• Strong knowledge of securities and derivatives laws, regulatory, commercial and corporate matters.
• Experience delivering legal advice to business groups, either in-house or in private practice.

Responsibilities

• Provide and manage legal/regulatory advice on repos, securities lending, derivatives, and commodities transactions.
• Draft and negotiate complex securities finance and derivatives documents (ISDAs, MRAs, GMRA, MSFTA, etc.).
• Lead and manage a team of lawyers and law clerks while aligning with governance and risk controls.
• Advise on regulatory initiatives and trade reporting requirements.

Skills

Securities law

Derivatives law

Regulatory compliance

Strategic leadership

Team management

Negotiation

Education

Law degree (LLB/JD)

Tools

Legal research tools

Job description

Application Deadline

10/08/2026

Address

100 King Street West

Job Family Group

Legal

BMO Financial Group is seeking a full-time securities finance and derivatives lawyer to join the BMO Capital Markets legal team in Toronto as an Associate General Counsel. The lawyer will manage a team of lawyers and law clerks and be responsible for providing and managing the delivery of legal and regulatory advice on products, initiatives, strategies, policies and developments for and on behalf of BMO Financial Group with a focus on repos, securities lending, derivatives, and commodities transactions and related activities with BMO’s clients. Provides legal advice based on knowledge of legal principles, practices and procedures, and knowledge of the financial services industry and its environment. Influences and negotiates to achieve business objectives. Works to achieve organizational goals while minimizing legal risk. Works to deliver legal advice (60%), provide legal oversight (20%) and issues management (20%).

Responsibilities

• Acts as a subject matter expert on relevant laws, regulations and policies relating to repos, securities lending, listed and OTC derivatives, including options, forward contracts, futures, swaps and other derivatives instruments used for both hedging and non-hedging purposes.
• Drafts and negotiates securities finance and derivatives documentation, including GMRAs, MRAs, MSLAs, MSFTAs, Sponsored Repos, ISDAs, credit support annexes, account control agreements, broker agreements, confirmations and ancillary documentation.
• Advises on a wide array of existing and new securities finance and derivatives laws and regulatory initiatives, including trade reporting and margin requirements.
• Keeps abreast of industry best practices and representing BMO with industry associations and external working groups.
• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
• Ensures alignment between values and behaviour that fosters diversity and inclusion.
• Regularly connects work to BMO’s purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
• Attracts, retains, and enables the career development of top talent.
• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.Uses multiple perspectives, imagines alternatives, and addresses potential outcomes for various courses of action to devise strategy, make recommendations and minimizes legal issues.
• Proactively identifies legal issues and potential problems and communicates appropriately to stakeholders.
• Oversees and delivers legal advice from internal/ external counsel, ensures compliance with internal policies & procedures, and provides advice/ rulings as necessary for complex functions/ activities.
• Designs and oversees legal advice strategies & approaches for the unit activity.
• Devises legal strategy, makes recommendations to minimize legal issues by applying multiple perspectives and alternatives, and addressing potential outcomes for various courses of action.
• Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.
• Exercises judgement on complex, confidential and sensitive matters.
• Oversees or drives the resolution of complex or sensitive financial and/ or non-financial issues.
• 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 senior specialist resource across BMO.
• Influences how teams/groups work together.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems.
• Communicates abstract concepts in simple terms.
• Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives.
• Anticipates trends and responds by implementing appropriate changes.
• Broader work or accountabilities may be assigned as needed.

Qualifications

• Typically 10+ 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.
• Typically 10 years of legal practice or an equivalent combination of education and experience.
• Strong legal knowledge of securities and derivatives laws, regulatory, business, commercial and corporate matters.
• Private practice or in-house experience delivering legal advice to business/group, or experience at regulatory body relating to the regulation of business/group activities.
• Advanced knowledge in legal field, typically with a functional or business line specialization.
• Knowledge of business and regulatory environment in which BMO Financial Group operates.
• Technical/ expert resource for business group(s) and other legal professionals.
• Advanced knowledge of legal & regulatory requirements and the operations of single and multiple complex business group(s).
• Negotiation skills - in depth.
• Seasoned expert with extensive industry knowledge.
• Technical leader viewed as a thought leader for innovation.
• Verbal & written communication skills - Expert.
• Analytical and problem solving skills - Expert.
• Influence skills - Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - Expert.
• Able to manage ambiguity.
• Data driven decision making - Expert.

Salary

$140,000.00 - $240,000.00

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 https://jobs.bmo.com/global/en/Total-Rewards

About Us

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 communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

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://jobs.bmo.com/ca/en.

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. To request accommodation, please contact your recruiter.