Senior Manager, Money Market Product Strategy - Chicago, IL, United States - BMO Financial Group

Description

A high energy professional who is customer obsessed with extreme passion about innovative product design and driving transformational change.

This is a single contributor role, however with the opportunity to bring together key stakeholders and teams to deliver against common performance goals.

Strategic multi-year planning
Roadmap design & execution
Product design, build and execution
Program design & strategy
Partner with Marketing on campaign design & execution – driving profitable acquisition & retention
Budget management & financial forecasting
Partner/stakeholder management
P&L Owner to drive results for the Money Market pillar against stated goals, KPIs and industry benchmarks (accounts, balances, profitability)
Building strong relationships and partnerships
Analytical and data driven mindset
Complex problem solving and data driven decisions

Researches, defines, aligns, develops, and implements sales and marketing strategies with P&L (profit and loss) 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, forecasting, 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.

Makes strategy and new initiative recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.

Acts as a subject matter expert on relevant regulations and policies.
May network with industry contacts to gain competitive insights and best practices.
Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
Defines business requirements for analytics and reporting to ensure data insights inform business decision making.
Oversees the development of business analytics and insights (e.g. portfolio profitability tracking, customer analytics, revenue forecasts, operations metrics, trend analytics, and predictive modelling).
Leads, develops, and manages strategies for reporting and forecasting and/or analytics teams within the business.
Breaks down strategic problems, and analyzes data and information to provide insights and recommendations.
Monitors and tracks performance, and addresses any issues.

Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.

Supports change management of varying scope and type; assesses and adapts as needed to ensure quality of execution.
Provides input into the planning and implementation of operational programs.
Develops and implements action plans that meet financial and growth metrics.
Conducts complex market research, competitive intelligence, and data analysis.
Assesses customer/consumer and channels analysis and develops recommendations.
Monitors key product performance and growth metrics to identify trends and recommend action plans.

Leads/oversees the management of vendor relationships and external partnerships and provides guidelines for execution; 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.
Provides competitive analysis and benchmarking to identify product strengths and gaps, and extract insights.
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.
Participates in and evaluates market research and competitive analysis associated with assigned products.
supports the implementation, maintenance, and sustainment of vendor solutions.
Leads/participates in the design, implementation, and management of core business/group processes.
Gathers basic market research and competitive intelligence, including pricing, from publicly available information.
Runs analyses and reports that support risk management and policy development.
Defines and implements business cases and strategic roadmaps for banking products and services, including project and budget approvals.
Designs, implements, manages, and enhances a single product or suite of products throughout the product lifecycle.
Develops, implements, and monitors key metrics and action plans to optimize financial performance
Works with partners to develop salesforce training and materials and manages change.
Creates the marketing strategy, including offers and campaigns, and works with Marketing and other partners to execute.
Develops, implements, and manages product documentation, templates, and requirements to ensure they accurately reflect product and systems functionality.
Influences and/or determines credit product risk parameters and metrics.
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
Implements changes in response to shifting trends.

Typically 7+ years of relevant experience and post-secondary degree in Business or a related field of study or an equivalent combination of education and experience.

Strong experience with consumer / commercial credit applicable to retail and business financing products.
Strong experience working with retail and business product fundamentals, including product design, functionality, and related policies and procedures
In-depth risk management associated with new and existing product development and management.
Strong knowledge of process coordination and management.
Strong knowledge of banking product management and associated industry and regulatory requirements.
Building business cases - in-depth
Relationship management – in-depth
Product marketing – in-depth
Software and systems architecture knowledge – good/in-depth
Financial Understanding – good/in-depth
Able to manage ambiguity.
Data driven decision making - In-depth / Expert.
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.

We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected.

We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.
We're here to help
It calls on us to create lasting, positive change for our customers, our communities and our people. 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.

All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.

Accommodations are available on request for candidates taking part in all aspects of the selection process.

A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

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