Chicago, IL, USA
8 days ago
Senior Product Manager - Deposits & Liquidity Management

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 forecastingExperience with bank product management: strategic roadmap creation, development and execution.Experience managing vendor relationships.

For Commercial Deposit Products & Liquidity Management the job description includes but not limited to the following responsibilities:

Researches, defines, aligns, develops, and products 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 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.Building business cases - in-depthResearching market trends – in-depthAnalytics and reporting – in-depthProduct marketing – in-depthNegotiation skills – goodSoftware and systems architecture knowledge – good/in-depthFinancial Understanding – in-depthDeep 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.

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 http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

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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