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Years of Experience
Date Last Verified
ProfileSenior Counsel-Fiduciary This candidate will be responsible for: Reviewing will and trust agreements where the Bank is named in a fiduciary capacity in order to protect the Bank, comply with the law, and satisfy client expectations; Analyzing complex proposals to communicate legal risk to partners and clients; Providing legal counsel to management and business partners in our Wealth Management business on a broad range of trust and fiduciary matters, including review of trust documents, estate settlement matters and complex trust/fiduciary legal issues. Review will and trust agreements where the Bank is named in a fiduciary capacity in order protect the bank, comply with the law and policies, and satisfy client expectations. Analyze complex proposals assessing and communicating legal risk and identifying options and solutions. Give legal advice to internal partners in our Wealth Management businesses on on-going trust, estate, and guardianship administration. Exercise independent legal judgment on a variety of issues balanced against business risk, fiduciary risk and policy considerations, and client expectations. Analyze complex proposals assessing and communicating legal risk and identifying options and solutions to mitigate risk and meet client expectations. Interact with Bank employees, compliance and risk management personnel with regard to all activities of the Bank’s Wealth Management businesses, including but not limited to various banking, fiduciary and investment activities, matters of federal banking law and regulation, sophisticated trust, estate and guardianship administration, investment matters and tax return preparation. Review documents to ensure that the Bank is in compliance with legal guidelines and regulations and its own policies and procedures. Give legal advice to our Wealth Management businesses on corporate legal rights, obligations, and privileges relating to trust and investment products and services. Exercise judgment on complex, confidential and sensitive decisions. Typically expected to resolve most day-to-day issues and/or escalate with appropriate analysis and recommendation. Participate in devising strategy and making recommendations to minimize risk. Proactively identify risks and potential problems and communicate appropriately to stakeholders. Identify and resolve moderately complex issues. Determine root causes of issues. Negotiate complex issue resolution. Perform legal research and produce written legal memoranda, as well as review legal documents such as wills, trusts and other estate planning documentation, banking agreements, various marketing material, partnership and corporate agreements, and real estate deeds and contracts. Examine legal documents to determine with litigation colleagues the advisability of defending or prosecuting lawsuits. With minimal supervision, delivers legal advice and instructs external counsel and ensures compliance with internal policies & procedures, for a single or small number of function(s)/activity(ies). Retain and supervise external counsel when necessary and work with internal litigation counsel where appropriate. Participate in internal training seminars, internal committees, new product initiatives and review and/or draft policies and procedures. Be able to expand his or her skill-set to provide advice in other legal areas affecting the Bank’s Wealth Management businesses and to represent the WM Legal Group in special projects and initiatives. Participate in bank-wide projects and to assist in providing legal services to affiliates of the Bank, including registered investment advisor affiliates and those providing family office services to ultra-high net worth clientele.
Qualification and Experience
Qualifications: JD Degree license is required to interpret legal documents and analyze transactions. JD Degree and 10+ years of in-depth, sophisticated experience in estate planning, trust and probate law at a major law firm or in-house practice. Admission to practice law in Illinois. Preference for qualified candidates with both in-house fiduciary counsel and law firm experience specializing in estate planning, trust and probate law. Excellent analytical skills. Excellent communication (both written and oral) and interpersonal skills. Excellent relationship management skills/ability to relate at all levels. Ability to be responsive within short deadlines. Ability to be a strong team player and develop strong relationships both within WM Legal and with business partners and stakeholders. Client-centric focus with pragmatic problem solving skills. Strong candidates for this position also will have working knowledge and familiarity with federal banking and securities laws. Knowledge and experience of non-U.S. international trust and fiduciary matters, estate tax and other relevant experience is a plus. Knowledge of trust and asset services, and estate, gift and generation-skipping transfer tax rules, usually acquired through extensive related work experience, is required to advise on legal risks and compliance issues. Analytical skills are required to negotiate and review will, trust and other fiduciary documents and related agreements.
BMO Financial Group.
111 W. Monroe St.
Chicago, IL 60603