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As part of BMO's North American Retail & Small Business Payments department, the Manager, Credit Card Insurance Products is accountable for the day-to-day management, performance, and governance of BMO's credit card insurance portfolio across Retail, Small Business and Corporate segments. Through effective portfolio management, partner oversight, customer advocacy, and risk governance, you will drive product performance, improve customer outcomes, and ensure compliance with applicable regulatory, legal, and business requirements.
Leveraging data, industry insights, and cross-functional collaboration, you will identify opportunities to enhance products, processes, and customer experiences while supporting strategic business objectives. You will serve as a subject matter expert on credit card insurance products and provide leadership in the execution of portfolio initiatives, regulatory requirements, and partner governance activities.

Accountabilities:

Product & Portfolio Management

Accountable for optimizing portfolio performance and supporting strategic objectives through effective product management, analysis, and continuous improvement.

• Own the day-to-day management and performance of BMO's Retail, Small Business, and Corporate credit card insurance portfolio, ensuring alignment with business objectives, customer needs, and regulatory requirements.

• Lead the execution of portfolio strategies and identify opportunities to enhance product performance, customer value, and operational effectiveness.

• Analyze portfolio performance, customer trends, market intelligence, and operational data to identify opportunities, emerging risks, and areas for improvement.

• Develop recommendations, business cases, and strategic insights to support product enhancements, portfolio optimization, and enterprise initiatives.

• Lead and coordinate cross-functional execution of portfolio initiatives with Product, Marketing, Operations, Technology, Risk, Legal, and Compliance partners.

• Act as the insurance subject matter expert for enterprise projects and strategic initiatives, providing guidance and recommendations that influence business decisions and outcomes.

• Monitor industry trends, competitive developments, and regulatory changes to identify implications and opportunities for the portfolio.

Customer Experience & Communications

Accountable for improving customer outcomes through communication governance, complaint management, and continuous enhancement of the customer experience.

• Own the governance and review of customer-facing insurance communications and materials to ensure accuracy, consistency, and regulatory compliance.

• Lead the identification and prioritization of customer experience improvements through analysis of customer feedback, complaints, operational performance, and market insights.

• Manage complex customer escalations and complaint themes, ensuring timely resolution while identifying root causes and opportunities for systemic improvement.

• Partner with internal stakeholders and insurance providers to remove customer friction points and implement solutions that improve customer satisfaction and advocacy.

• Monitor customer experience performance metrics and emerging trends, recommending actions that strengthen customer outcomes and support business objectives.

• Drive continuous improvement initiatives that enhance customer journeys, product communications, and operational processes.

Partner Management & Governance

Accountable for ensuring partners deliver against contractual commitments, governance expectations, service standards, and customer experience objectives.

• Own day-to-day governance and relationship management of insurance providers and third-party partners.

• Hold partners accountable for contractual obligations, service-level commitments, customer experience objectives, and risk management requirements.

• Lead performance reviews and governance discussions, ensuring issues are identified, escalated, and remediated in a timely manner.

• Drive continuous improvement initiatives with partners to enhance operational performance, customer outcomes, and business results.

• Assess and escalate partner performance concerns, operational risks, and service delivery issues, recommending mitigation actions where appropriate.

• Support supplier governance requirements, including performance reporting, due diligence reviews, risk assessments, and governance documentation.

• Ensure internal policies, procedures, and operational practices enable the effective and compliant delivery of insurance products and services.

Risk, Compliance & Regulatory Oversight

Accountable for maintaining a well-controlled portfolio environment that meets regulatory, legal, risk management, and governance requirements.

• Maintain effective oversight of portfolio risks and controls to ensure insurance programs operate within established risk appetite, regulatory requirements, and internal policies.

• Identify, assess, and escalate emerging risks, control weaknesses, compliance concerns, and customer impacts, driving appropriate remediation activities.

• Partner with Legal, Compliance, Risk, and business stakeholders to ensure products, communications, and operational processes remain compliant with applicable requirements.

• Own the coordination and governance of customer communication approvals and regulatory disclosure requirements.

• Lead portfolio activities related to third-party risk management, audits, due diligence reviews, and outsourcing governance requirements.

• Contribute to the design and implementation of controls, processes, and governance practices that strengthen portfolio oversight and reduce operational and regulatory risk.

• Support regulatory and governance initiatives that enhance the effectiveness, sustainability, and compliance of the portfolio.

Qualifications

Experience

• Minimum 3-5 years of relevant experience in product management, insurance, banking, financial services, or a related field, and a post-secondary degree or equivalent combination of education and experience.

• Experience supporting the management and delivery of customer-facing products or services within a regulated environment.

• Experience working with cross-functional stakeholders to deliver business initiatives, process improvements, or regulatory requirements.

• Experience leveraging data, customer insights and market research to identify opportunities and support business recommendations.

• Experience managing external vendors, suppliers, or strategic partners.

• Knowledge of risk management, governance, compliance and regulatory requirements within financial services.

• Experience with credit card products, insurance products, or customer protection programs is preferred.

• Experience with Canadian credit card insurance products and insurance regulations is considered an asset.

Competencies

• Product management and portfolio analysis

• Strong financial, qualitative, analytic and business casing skills

• Proven problem-solving skills

• Customer insight analysis and continuous improvement

• Excellent communication skills (oral and written) with ability to frame and effectively communicate complex problems

• Vendor and partner management

• Risk management and controls

• Regulatory and compliance awareness

• Analytical and critical thinking skills

• Strong organizational and prioritization skills

• Ability to manage multiple initiatives in a fast-paced environment

• Strong attention to detail and commitment to quality

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.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.