Group Product Manager, Savings

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The Group Product Manager (Senior Manager) of Savings reports to the Director of Chequing & Savings in Canadian Personal Banking. This role is responsible to manage acquisition and balance growth of savings products for retail customers.

The Group Product Manager develops and implements product strategies to drive sales of existing banking products, grow balances, optimize profitability and improve customer experience. This role is responsible to optimize pricing and to manage campaigns to attract balances. The role also carries out competitive analysis, monitors product and system performance, and assesses problems to develop and implement solutions. The Group Product Manager has accountability for the P&L and for product risks.

The Group Product Manager will collaborate with members of the Everyday Banking Products team, and with internal partners, such as Customer and Product Analytics, Customer Contact Optimization, Marketing, Digital, Technology, Operations and Customer Loyalty and Salesforce Enablement.

Key Accountabilities

1. Pricing and Campaign Management

• Develop, launch and manage campaigns to attract balances
• Optimize pricing to balance profitability and volume growth
• Measure the impact of pricing changes and campaigns

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. Product Strategy

• Proactively identify and prioritize opportunities to improve the portfolio of products
• Develop the overall strategy and roadmap to improve capabilities
• Establish priorities and drive the evolution of capabilities with key partners

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

• 7+ years of experience in retail product management, as a bank employee or consultant
• Strong experience in product design, business casing, pricing, campaign management, technology project delivery, P&L and risk management
• People 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

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.