BMO Financial Group Product Manager, Chequing in Toronto, Ontario
55 Bloor Street West
Job Family Group:
The Product Manager of Chequing reports to the Group Product Manager of Chequing and is part of the Everyday Banking Products team in Canadian Personal Banking. This role is responsible to manage the portfolio of chequing products for retail customers.
The Product Manager develops and implements product strategies to drive sales of existing banking products, launch new products to market, optimize profitability and improve the customer experience. This role is responsible to optimize pricing and to attract balances. This role carries out competitive analysis, monitors product and system performance, and assesses problems to develop and implement solutions. The Product Manager has P&L accountability, and manages product risks.
The Product Manager collaborates with members of the Everyday Banking Products team, and with internal partners, such as Customer and Product Analytics, Leads Management, Marketing, Digital, Technology, Operations and Salesforce Effectiveness.
- Product Strategy
Proactively identify and prioritize opportunities to improve the portfolio of products
Develop the overall strategy and roadmap to improve capabilities and launch new products
Establish priorities and drive the evolution of capabilities with key partners
- Product Initiatives
Lead the implementation of complex projects with large multi-functional teams, through ideation, requirements, implementation and change management
Monitor progress against project plans to ensure completion
Proactively solve issues and eliminate obstacles
- Pricing and Campaign Management
Optimize pricing to balance profitability and volume growth
Develop, launch and manage initiatives to attract balances
Measure the impact of pricing changes
- P&L and Risk Management
Explain financial results and forecast future performance
Drive actions to improve profitability through data-driven decisions
Manage risk, and support the evolution of policies, procedures, and controls
Experience and Knowledge
3+ years of experience in retail product management, as a bank employee or consultant
Strong experience in product design, business casing, pricing, campaign management, technology project delivery, P&L and risk management
Distinctive problem solving skills and ability to think strategically
Robust analytical skills
Proven project management and change management skills
Highly developed relationship management skills
Strong verbal and written communication
We’re here to help
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.
BMO Financial Group Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.