Application Deadline: 12/11/2025 Address: 33 Dundas Street West Job Family Group: Customer Solutions Senior Manager, Embedded Insurance Benefits Job Description The Senior Manager, Embedded Insurance Benefits is responsible for overseeing the strategy, design, and management of insurance benefits embedded within credit card products. This role ensures that insurance offerings deliver strong value to customers while driving financial benefits for the organization. It requires strategic partnership management, financial acumen, and cross-functional collaboration to support product development and enhance customer experience. In addition, the Senior Manager plays a critical role in optimizing product performance, ensuring regulatory compliance, and driving innovation to meet evolving customer needs and business objectives. Accountabilities Product Strategy & Management Lead end-to-end management of embedded credit card insurance products, including design, financial management, and performance monitoring. Develop and execute strategies to optimize product economics and enhance customer experience. Analyze market trends, customer insights, and competitive landscape to inform product enhancements. Stakeholder & Vendor Management Collaborate with credit card product teams and external insurance partner to deliver integrated solutions. Manage vendor relationships and negotiate agreements to support product delivery and ongoing operations. Compliance & Risk Ensure all insurance offerings comply with regulatory and legal requirements. Partner with risk management, legal, and compliance teams to maintain governance standards. Process Improvement & Leadership Drive continuous improvement initiatives to streamline processes and enhance operational efficiency. Manage and develop a direct report, fostering growth and engagement. Provide leadership and guidance to team members and cross-functional project teams. Qualifications Bachelor’s degree in Business, Finance, or related field; MBA or equivalent preferred. 7+ years of experience in financial services, insurance, credit cards, or partnerships management. Strong negotiation skills and experience managing external vendors or partners. Proven ability to analyze financial data and drive profitability. Proven ability to manage complex projects and multiple stakeholders. Excellent communication and stakeholder management skills. Leadership experience with direct people management responsibilities. Salary: 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. 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. BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good. Who we are We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.
