Compliance Officer, Insurance Registrations

BMO•Toronto, ON

9d•Onsite

About The Position

The Compliance Officer – Insurance Registrations is a senior role within the BMO Registrations and Continuing Education team. This position is primarily responsible for the governance, oversight, and execution of insurance licensing for BMO Estate Insurance Advisory Services Inc. (EIASI). The role involves enterprise-level compliance and regulatory risk accountability, ensuring adherence to provincial and territorial insurance regulatory requirements, maintaining the firm’s licensing and E&O controls, and serving as an escalation point for high-risk or complex registration matters. The Compliance Officer operates with significant independence, judgment, and influence, collaborating with regulators, senior Compliance leadership, and various internal stakeholders across the organization.

Requirements

Post‑secondary diploma or university degree.
Typically, 2-3 years of insurance registration or equivalent relevant experience.
Working knowledge of Canadian insurance regulatory frameworks, including licensing, supervision, and E&O requirements.
Strong risk assessment and analytical skills, with the ability to apply judgment in ambiguous or high‑impact situations.
Proven ability to work independently while managing competing priorities and regulatory deadlines.
Sound professional judgment and decision‑making.
Clear, effective written and verbal communication.
Confidence engaging with senior stakeholders and regulators.
High degree of integrity and discretion in handling confidential information.
Strong collaboration and stakeholder management skills.

Nice To Haves

Experience working within regulated financial services environments is strongly preferred.
Fluency in French is an asset.

Responsibilities

Provide national oversight of insurance licensing and registration activities across all Canadian jurisdictions where EIASI operates.
Serve as a key regulatory interface for insurance registration matters, including interactions with provincial regulators and insurance councils.
Ensure compliance with jurisdiction‑specific requirements, including licensing, supervision, continuing education, and renewal obligations.
Conduct and oversee risk‑based screening of insurance licensees, including assessment of criminal, civil, financial, and regulatory disclosures.
Exercise professional judgment to identify, assess, and escalate regulatory risk to senior Compliance leadership or sponsoring insurers, as appropriate.
Act as an escalation point for complex or sensitive licensing and registration issues.
Maintain accountability for the end‑to‑end insurance license lifecycle, including onboarding, transfers, revivals, renewals, and terminations.
Send timely notifications to applicable stakeholders, who are responsible for ensuring that individuals do not transact insurance business or receive compensation without appropriate licensing and authorization.
Oversee licensing supervision requirements and related control obligations.
Maintain ownership of Errors & Omissions (E&O) insurance controls, including onboarding, annual renewal coordination, and termination of coverage.
Ensure timely renewal and maintenance of corporate and MGA licenses, recognizing their criticality to business operations and regulatory standing.
Act as a control owner for insurance licensing records and reporting, ensuring data accuracy relied upon by regulators, supplier companies, and internal partners.
Provide authoritative advice and guidance to business lines, Compliance partners, and senior stakeholders on insurance registration matters.
Support compliance initiatives, audits, and special projects as required.