Application Deadline :
07 / 25 / 2024
Address :
33 Dundas Street West
Job Family Group : Customer Solutions
Customer Solutions
The Product Manager, Specialized Lending reports to the Director, Specialized Lending and is part of the Personal Lending Team.
This role is responsible to manage the portfolio of Student Lending and Specialized Lending products with direct P&L (product and loss) accountability.
The Product Manager develops and implements product strategies to drive sales of new and existing products while managing product risk, launches new products and features to market, optimizes profitability and improves the customer experience.
This role is responsible to optimize campaign strategy and collaborate with internal partners such as Customer and Product Analytics, Credit Risk, Collections, Leads Management, Marketing, Digital, Technology, Operations and Salesforce Effectiveness.
Key Accountabilities
1. 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
2. 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
3. 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
4. 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
Qualifications
Experience and Knowledge
- 5+ years of experience in retail product management, or credit risk as a bank employee or consultant
- Strong experience in product design, business casing, pricing, campaign management, technology project delivery, P&L and risk management
Skills
- 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
Salary :
$68,000.00 - $126,000.00
Pay Type : Salaried
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
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.
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