Application Deadline:
02/06/2025
Address:
33 Dundas Street West
Job Family Group:
Customer Solutions
1 year contract (external) 1 year secondment (internal)
Product Manager, Overdraft
Everyday Banking Products, Canadian Personal Banking
Description
1 year contract opportunity. The Product Manager of Overdraft reports to Group Product Manager of Overdraft in Canadian Personal Banking. This role is responsible to manage the portfolio of overdraft protection products for retail customers.
The Product Manager develops and implements product strategies to drive sales of overdraft protection products, optimize profitability and improve the customer experience. This role is responsible to optimize risk-return to drive acquisition of new accounts. 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 will collaborate with members of the Everyday Banking Products team, and with internal partners, such as Credit Strategy, Collections, Customer and Product Analytics, Leads Management, Marketing, Digital, Technology, Operations and Salesforce Effectiveness.
Key Accountabilities
1. Product Strategy
- Assist in the development of the overall product strategy and roadmap
- Proactively identify opportunities to improve the portfolio of products and capabilities
- 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. Conduct post implementation analysis to measure financial impact
- Proactively solve issues and eliminate obstacles
3. Risk Management
- Optimize risk-return to drive acquisition of new accounts
- Ensure that the portfolio operates within risk appetite and key risk metrics
- Manage risks, and support the evolution of policies, procedures, and controls
4. P&L Management
- Explain financial results and forecast future performance
- Monitors key product performance and growth metrics to identify trends and recommend action plans.
- Drive actions to improve profitability through data-driven decisions
Qualifications
Experience and knowledge
- 5-7 years of experience in retail product management, as a bank employee or consultant
- Strong experience in business casing, 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
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
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. 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.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
