Manager, Insurance Compliance

Location: Toronto

Final date to receive applications:10/20/2026

Address:250 Yonge Street Job Family Group:

Business Management#bmoinsurance

The Manager, Insurance Compliance will provide advice and support to Insurance lines of businesses to ensure that Regulatory Programs operate in compliance with legal and regulatory requirements the Enterprise Compliance Framework, policies, processes and standards. This position is accountable for providing regulatory compliance governance and support to BMO Insurance Senior Management. The role will assist in promoting a strong compliance culture that ensures the fair treatment of customers.

This position will advise and counsel Insurance in order for the business to implement procedures and controls to comply with regulatory requirements.

Reporting to the Head, Insurance Governance, this role will lead change management in relation to regulatory compliance. The role will actively support Enterprise compliance initiatives as well as Insurance business initiatives. In addition, the role will coordinate and lead the response to regulatory enquiries and applicable regulatory reporting. The Compliance Manager will also play a role in proactively identifying and escalating compliance opportunities for continuous improvement to strengthen our businesses as well as client experience.

Key Accountabilities:

Manage and Inform the Regulatory Compliance Program and Framework for BMO Insurance Provide leadership and project management to support regulatory changes impacting the business

Provide leadership and project management to support the implementation of changes to the compliance program

Act as the primary compliance point of contact and coordinate compliance participation and input for initiatives within the business, including the introduction and changes to products, processes and procedures, for regulatory risks and identify / update inherent risk, the sufficiency of controls as needed  Coordinate and assist in the management and responses to regulatory inquiries, regulatory reporting coordinated through Compliance, regulatory reviews and internal or external audits

Identifying, maintaining and evaluating control design and effectiveness to mitigate risks in concert with Insurance Senior Management, Legal and Regulatory Compliance (LRC), as well as BMO Bank and Wealth Management and Governance Teams (as needed)
Identify factors which may breach risk appetite or compliance with applicable regulatory requirements and communicate findings to Senior Management, Director of Insurance Governance, and LRC as appropriate

Manage the identification, investigation, internal and external (where required) reporting and resolution of compliance issues

Assist in formulating Action Plans to remediate compliance issues and track follow-up activities to ensure they are promptly addressed including coordinating and ensure post implementation verification of remediated issues

Play an active, visible role in relevant industry association working groups and committees

Provide expert advice to BMO Insurance executives on matters within the Operating Group and involving other Operating Groups through participation on cross-functional teams, ensuring appropriate involvement and assessment, as required

Identify and recommend business improvement opportunities​Knowledge:

The incumbent will demonstrate an advanced understanding of:

Financial Services, including BMO Insurance products and services

Regulatory framework governing insurance

Regulatory Compliance management and possesses the ability to analyze risk exposures

Industry practices, evolving trends and leading practices

The incumbent will demonstrate a solid understanding of:

Project management

Strategy development and implementation

Concepts and…