Senior Product Manager - Deposits & Liquidity Management Apply locations: Chicago, IL, USA; Columbus, OH, USA; Los Angeles, CA, USA; San Francisco, CA, USA; New York, NY, USA
Time type: Full time
Posted on: Posted 2 Days Ago
Job requisition id: R240030788
Application Deadline: 01/01/2025
Address: 320 S Canal Street
Job Family Group: Customer Solutions
Emphasis on: Strong financial acumen especially related to deposit spreads, deposit forecasting, P&L. Trend analytics to support forecasting. Experience with bank product management: strategic roadmap creation, development, and execution. Experience managing vendor relationships. Responsibilities: Researches, defines, aligns, develops, and products strategies with P&L accountability to enable the sales force to effectively sell, fulfill, and service new and existing individual or portfolio of banking products and improve the customer experience. Carries out market research and uses internal valuation of deposits to perform pricing and competitive analysis. Monitors product and system performance, and assesses problems to develop and implement solutions. Manages product risks in compliance with legal, regulatory, and risk compliance, and reporting. Collaborates with internal partners across the enterprise to take products to market. Recommends and implements new product solutions based on analysis of issues and implications for the business. Supports the execution of strategic initiatives in collaboration with internal and external stakeholders. Develops business cases by identifying needs, analyzing potential options, and assessing expected returns on investment. Provides recommendations on product lifecycle. Builds effective relationships with internal/external stakeholders. Ensures alignment between stakeholders. Designs and produces regular and ad-hoc reports, and dashboards. Leads/oversees the management of vendor relationships and external partnerships and provides guidelines for execution; ensures that all agreements are met as per requirements. Resolves internal, complex or higher risk customer escalations or policy exceptions, which may include interactions with clients and sales. Reviews analysis of issues and identifies gaps and solutions. Analyzes customer/consumer insights and channel data to identify strengths and gaps, and extract insights. Completes internal and regulatory reporting, and attestations. Identifies existing and potential risks and develops risk management controls and processes. Develops and maintains product directives and policies. Supports development of key metrics and identification of trends. Gathers customer and sales feedback and analyzes issues. Participates in and evaluates market research and competitive analysis associated with assigned products. Participates in and evaluates customer/consumer insights and channel information. Acts as the day-to-day contact for vendors; supports the implementation, maintenance, and sustainment of vendor solutions. Skills Required: Building business cases - in-depth Researching market trends – in-depth Analytics and reporting – in-depth Product marketing – in-depth Negotiation skills – good Software and systems architecture knowledge – good/in-depth Financial Understanding – in-depth Deep knowledge and technical proficiency gained through extensive education and business experience. Verbal & written communication skills - In-depth. Collaboration & team skills - In-depth. Analytical and problem-solving skills - In-depth. Influence skills - In-depth. Data-driven decision making - In-depth. Salary: $100,000.00 - $185,500.00
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 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: BMO 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
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