Group Product Manager, Money Movement Everyday Banking Products, Canadian Personal Banking

BMO; Toronto; On-site; CAD 84,000 - 156,000; Full time

Job summary

Join a forward-thinking company as a Group Product Manager, where you will lead the charge in developing innovative money movement products for retail banking. This exciting role involves managing a diverse portfolio, driving product strategies, and collaborating with various teams to enhance customer experiences. You'll have the opportunity to explore new payment trends and work with strategic partners, all while being part of a dynamic team that values creativity and innovation. If you're passionate about shaping the future of banking and making an impact, this role is perfect for you!

Benefits

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Performance-based incentives

Discretionary bonuses

Qualifications

• 5+ years in retail product management, banking, or telecommunications.
• Strong expertise in product strategy and project delivery.
• In-depth P&L acumen and risk management experience.

Responsibilities

• Manage innovative money movement products for retail customers.
• Develop product strategies to drive sales and improve customer experience.
• Collaborate with multi-disciplinary teams for product implementation.

Skills

Problem-solving skills

Analytical skills

Project management skills

Change management skills

Communication skills

Relationship building

Education

Bachelor's Degree

Master's Degree (preferred)

Tools

Microsoft Excel

Microsoft PowerPoint

Job description

Group Product Manager, Money Movement Everyday Banking Products, Canadian Personal Banking

Join to apply for the Group Product Manager, Money Movement Everyday Banking Products, Canadian Personal Banking role at BMO

Group Product Manager, Money Movement Everyday Banking Products, Canadian Personal Banking

Join to apply for the Group Product Manager, Money Movement Everyday Banking Products, Canadian Personal Banking role at BMO

At BMO’s Everyday Banking Money Movement team, we thrive launching innovative digital solutions that allow our customer’s need to move money easily, safely and digitally. From enabling mobile tapping at merchant’s POS to pay for things, to explore new trends across eCommerce, real time and emerging payments. We love building pioneer products, and we have fun doing it!

Role Description

The Group Product Manager of Money Movement reports to the Director, Money Movement and is part of the Everyday Banking Products team in Canadian Personal Banking. This role is responsible to manage the portfolio of innovative money movement products for retail customers, including eCommerce, real time and new emerging payments.

The Group Product Manager develops and implements product strategies to drive sales of existing banking products, launch new products to market, optimize profitability and improve the customer experience. This role demands product management acumen, having E2E responsibility of the product portfolio, from the ideation, implementation, development, and launch. The Group Product Manager has relevant experience dealing with multidisciplinary teams and with strategic partners. This leader brings innovation into the money movement portfolio, carries out competitive analysis, monitors product performance, and assesses problems to develop and implement solutions. Also has P&L accountability, having deep analysis and understanding of forecasting, while managing product risks.

The Group Product Manager collaborates with members of the Everyday Banking Products team, and with internal partners, such as Customer and Product Analytics, Marketing, Digital, Fraud, Compliance, Technology, Operations and Payment Modernization. This leader also has great responsibility to manage and build strong relationships with strategic partners. The role also involves exploration of new payment trends worldwide and initiatives with external partners, such as fintech.

Key Accountabilities

• Product Strategy
• Proactively identify and prioritize opportunities to improve the portfolio of products
• Develop the overall strategy and roadmap to improve capabilities and launch new products
• Establish priorities and drive the evolution of capabilities with key partners
• Product Management
• 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
• Secure the launch of new products and/or new features to existing products and provide improvements accordingly
• Manage multi-disciplinary teams as well as partner relationship
• 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

• +5 years of experience in retail product management, in banking and/or telecommunications and/or management consulting
• Strong expertise in product management, product strategy and project delivery
• In depth Profit & Loss acumen, proven expertise in business casing, forecasting product revenues and costs, as well as 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 skills, building strong connexions and cross-functional links with internal colleagues and third party partners
• Strong verbal and written communication skills
• Strong knowledge of Office, predominantly with Excel and PowerPoint
  
  
  

Salary:

$84,000.00 - $156,000.00

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.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Product Management and Marketing

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