11 Oct
Bank of Montreal
Toronto
Group Product Manager - Home Financing, Capital Funding & Liquidity
Location: Toronto, ON, CAN
Time Type: Full Time
Posted On: 2 Days Ago
Job Requisition ID: R240024368
Application Deadline: 10/12/2024
Address: 33 Dundas Street West
Job Family Group: Customer Solutions
The Group Product Manager, Home Financing will primarily be responsible for managing the P&L; for the products within the Home Financing line of business, focusing on capital, funding, and liquidity implications while building product systems to enable new ways to ROE for the business. The group product manager will ensure business plan expectations are achieved with additional focus on product design, strategy, customer experience, efficiency, compliance,
innovation, continuous improvement, and risk management.
This position will serve as an effective liaison with senior leadership, finance, corporate funding, risk capital, and capital markets teams to develop strategies that will optimize the profitability of BMO Home Financing portfolios.
Key Accountabilities:
- Fosters a culture aligned to BMO purpose, values, and strategy.
- Ensures alignment between values and behavior that fosters diversity and inclusion.
- Builds interdependent teams that collaborate across functional and operating groups.
- Acts as a subject matter expert on relevant regulations and policies.
- Makes HF product strategy and new initiative recommendations to senior leaders.
- Designs, implements, manages, and enhances a product or suite of products throughout the product lifecycle.
- Leads the execution of strategic initiatives to deliver on business and financial goals.
- Leads, develops, and manages strategies for reporting and forecasting.
- Conducts independent analysis and assessment to resolve strategic issues.
- Breaks down strategic problems and analyzes data to provide insights and recommendations.
- Leads/oversees vendor relationships and external partnerships.
- Determines and provides recommendations on product lifecycle.
- Develops business cases by identifying needs and assessing expected returns.
- Oversees the development of business analytics and insights.
- Designs and produces regular and ad-hoc reports, and dashboards.
- Conducts complex market research and data analysis.
- Influences credit product risk parameters and develops risk management controls.
- Monitors key product performance and growth metrics.
- Creates the marketing strategy and works with partners to execute.
- Develops,
implements, and manages product documentation.
- Leads change management programs of varying scope and type.
- Leads the execution of operational programs; assesses and adapts as needed.
- Operates at a group/enterprise-wide level.
- Develops and implements action plans that meet financial and growth metrics.
- Develops problem evaluation frameworks and defines research approach.
- Assesses customer/consumer and channels analysis and develops recommendations.
- Resolves internal, complex or higher risk customer escalations.
- Continuously improves processes to deliver optimal customer experience.
- Works with partners to develop salesforce training and materials.
- Broader work or accountabilities may be assigned as needed.
Qualifications:
- 7+ years of relevant experience and post-secondary degree in Business or a related field.
- Strong experience with consumer/commercial credit applicable to retail and business financing products.
- Desirable experience in corporate funding, capital management, or treasury functions.
- Strong experience working with retail and business product fundamentals.
- Strong knowledge of product delivery infrastructure systems.
- In-depth retail and business banking environmental awareness.
- In-depth risk management associated with product development.
- Strong knowledge of process coordination and management.
- Strong knowledge of banking product management and regulatory requirements.
- Expert verbal & written communication skills.
- Expert analytical and problem-solving skills.
- In-depth influence skills.
- Expert collaboration & team skills.
- In-depth experience in building business cases and researching market trends.
- In-depth relationship management skills.
- Good knowledge of capital, funding, and liquidity management.
- In-depth analytics and reporting skills.
- In-depth product marketing skills.
- Good negotiation skills.
- Good/in-depth software and systems architecture knowledge.
- Good/in-depth financial understanding.
- Able to manage ambiguity.
- In-depth/expert data-driven decision-making skills.
Salary: $84,000.00 - $156,000.00
Pay Type: Salaried
The above represents BMO Financial Group’s pay range and type.
BMO Financial Group’s total compensation package will vary based on pay type and may include performance-based incentives and other perks. To view more details of our benefits, please visit: Total Rewards.
We’re here to help
At BMO, we are driven by a shared Purpose: Boldly Grow the Good in business and life. We strive to help you make an impact from day one.
BMO is committed to an inclusive, equitable, and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process.
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▶️ Group Product Manager -Home Financing, Capital Funding & Liquidity
🖊️ Bank of Montreal
📍 Toronto