Product Manager - Chicago, United States - BMO U.S.

Description

This is a Product Management role focused onThere are some specific accountabilities tied to this role such as support of Capital Markets and Financial Institutions Group market and clients.

In terms of products, this role has experience in managing Foreign Currency Products, Sweep to Money Market Funds, but also must be able to manage any and all commercial deposit products as assigned.

This role will also be specifically responsible for Policies & Procedures, SOX controls, Desk Top Procedures, and complying with Regulations and Laws governing deposits.

The qualified candidate will monitor market and economic conditions, monetary and fiscal policy making recommendations to product, pricing, and delivery changes.

In terms of general product management skills:

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.
Identifies emerging issues and trends to inform decision-making.
Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
Determines product lifecycle.
Conducts independent analysis and assessment to resolve strategic issues.
Develops business cases by identifying needs, analyzing potential options, and assessing expected returns on investment.
Acts as the prime subject matter expert for internal/external stakeholders.
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.

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; tasks typically focused on execution and sustainment activities.
Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
Conducts complex market research, competitive intelligence, and data analysis.
Develops problem evaluation frameworks and defines research approach.
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; 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.
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.
Works with partners to develop salesforce training and materials and manages change.
May support the sales team in development of client deals and related presentations.


Qualifications:

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

Understanding of Interest Rate Environment and Policy.
Economics background will be advantageous but not required.
Experience with practical application of pricing changes at a product, client level.

Compensation and Benefits:
$87, $125,000.00The base salary represents BMO Financial Group's hiring range for this position. Actual salaries will vary and will be based on various factors, such as location, skills, experience, and qualification for the role. Salaries for part-time roles will be pro-rated based on number of hours regularly worked.

Base salary is one component of BMO Financial Group's total compensation package for employees, which may include performance-based incentives, commissions or 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:
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.

To find out more visit us at 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. BMO is an equal opportunity/affirmative action employer.

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. 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.

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