Product Manager - Home Financing

BMO Financial Group; Toronto; On-site; CAD 69,000 - 129,000; Full time

Job summary

A prominent financial institution in Toronto seeks a Product Manager to oversee the broker channel for home financing products. The role involves relationship management with external partners and driving strategic initiatives to meet business goals. Ideal candidates have a strong background in product management, particularly in finance, and advanced knowledge of tools like MS Power BI and SQL. The position offers a competitive salary and opportunities for professional growth.

Benefits

Health insurance

Tuition reimbursement

Retirement savings plans

Qualifications

• 5 to 7 years of experience in product management and/or consulting.
• Expert in MS Power BI, SQL and SAS.
• Experience in the mortgage broker industry is a strong asset.

Responsibilities

• Support the execution of strategic initiatives for the broker channel.
• Manage relationships with external partners.
• Optimize fee pricing across the product suite.

Skills

Product Management specific to Home Financing

Strong cross-functional collaboration

Strategic & analytical thinking

P&L management

Negotiation

Strong communication skills

Education

University degree in business/commerce, data sciences, engineering, finance or mathematics

Tools

MS Power BI

SQL

SAS

Job description

Overview

Application Deadline: 11/20/2025

Address: 33 Dundas Street West

Job Family Group: Customer Solutions

The Home Financing Product team (HF) rallies towards a common goal – a connected experience for customers as they navigate their biggest financial commitment, their home. The Product Manager will manage the relationship with broker channel external partners, working with cross-functional teams to resolve issues and execute on the broker channel strategy.

Working daily with external business partners, Analytics, Sales & Marketing, Distribution channels, Treasury, Product Ops, Digitization, Pricing, Policy, Compliance, Risk and Finance, HF brings together cross functional experts to deliver above market growth in a highly competitive industry.

This position offers opportunities to learn from experienced Financial Services leaders growing the good by powering our frontline and helping our customers achieve real financial progress.

Role: The Product Manager, BrokerEdge will primarily be responsible for supporting the acquisition strategy and Profit & Loss (P&L) for mortgages in the mortgage broker channel, ensuring business plan expectations are achieved with focus on external partner relationship management, product design, strategy, customer experience, efficiency, compliance, innovation, continuous improvement and risk management.

Responsibilities

• Supports the execution of strategic initiatives for the broker channel to deliver on business and financial goals in collaboration with internal and external stakeholders.
• Supports managing the relationship with external partners associated with the broker channel.
• Contributes to product policy strategies that support stable and predictable performance and provide strategic differentiation and competitive advantage.
• Supports internal and external communication on product, policy, campaigns and other updates in the broker channel.
• Ensures an optimal channel strategy, initiates developments to the channel strategy, and actively manages the channels as required.
• Contributes to product pricing strategies that support stable and predictable performance and provide strategic differentiation and competitive advantage.
• Optimizes fee pricing across the product suite to facilitate profitable, quality growth and a stable, predictable stream of non-interest revenue.
• Optimizes the financial performance of the product portfolio through the management of customer experience, balance, mix, spread and non-interest revenue; increasing market share, share of wallet, and customer retention; and product and customer profitability.
• Product Management and Development: bring product expertise to inform features and benefits and provide advice to the Director; deliver product solutions aligned with strategy to maximize penetration and speed to market.
• Optimize features through rationalization and simplification to profitably differentiate products; develop strategic and tactical plans for existing products; manage legacy products as applicable.
• Participate in the development of end to end Distribution strategy for Home Financing Products to optimize profitability and broker channel penetration.
• Monitor operations to ensure product systems and processes are maintained and improved; enhance delivery infrastructure as needed to support sales, fulfillment and servicing.
• Regularly monitor customer and competitive environments and ensure offers remain relevant and competitively positioned.
• Provide input to pricing structure for the product based on market understanding and performance.
• Monitor product and system performance and liaise with systems development and implementation to achieve results across P&C.
• Monitor interest rates and manage within approved product group strategies; maintain models to analyze financial impact of rate decisions.

Governance and Risk Management

• Proactively explore existing and potential risks and take actions to identify and manage various forms of risk, escalating material issues to the Director.
• Develop analytical approaches to identify, measure, mitigate and manage product level risk; collaborate with process improvement & technology on operational risk.
• Lead compliance activities specific to portfolio, understanding the external regulatory and legal environment and mitigating risks to an acceptable level.
• Where applicable, manage and maintain a full risk-based pricing capability, incorporating credit risk, market risk and pricing strategies.
• Provide the leadership team with expert advice on the impact of product decisions on investment, liquidity, capital and transfer prices.
• Develop and manage the governance and compliance oversight framework for the Product function.

Analytics & Reporting

• Monitor current and forecasted metrics for growth in balances and profitability.
• Conduct regular analytics on product-related metrics (revenue, balance, market share).
• Collaborate with product analytics and customer insights teams to provide analysis and recommendations on campaigns and programs.
• Prepare regular quantitative reporting related to products and initiatives.
• Track campaign/program effectiveness with post-campaign analysis and evaluation.

Key Accountabilities

• A. Product management, research, strategy & documentation
• B. Program and campaign development (with database marketing and leads partners)
• C. Customer Lifecycle Management & Customer Segmentation
• D. Results monitoring and reporting (Financial, Product and Channel)
• E. Risk management & regulatory compliance
• F. Product Policies and Procedures
• G. Product Assessment
• H. Product Advice/Subject matter expert
• I. Channel Optimization and business model enhancement

Cross Functional Relationships

• Distribution (Broker and all other relevant channels)
• Corporate Marketing & Communications
• Customer and Product Analytics
• Risk, Compliance & legal
• Technology & Operations, including Product Operations
• Portfolio Management
• Personal Sales Force Effectiveness
• Finance, Accounting and Corporate treasury

Knowledge & Skills

Knowledge:

• Product Management specific to Home Financing
• Experience in the mortgage broker industry is a strong asset
• Product fundamentals, including policies, procedures and delivery infrastructure
• Project management
• Real estate finance or broker relationship experience is a strong asset
• Financial services/mortgage industry experience is a strong asset
• Consumer/commercial credit experience is a strong asset
• Environmental awareness/understanding
• Risk management
• Process coordination and management
• Industry and regulatory requirements understanding

• Skills:
• Strong cross-functional collaboration/relationship building
• Strategic & analytical thinking
• P&L management
• Financial modelling
• Problem-solving
• Time management
• Negotiation
• Strong communication & influencing skills
• Program/Project Management
• Microsoft Office (Advanced PowerPoint, Intermediated/Advanced Excel)

Qualifications

• Possess advanced knowledge of Home Financing and related industry
• Possesses a university degree in business/commerce, data sciences, engineering, finance and/or mathematics (graduate level degrees preferred) and/or 5 to 7 years of experience in product management and/or consulting
• Expert in MS Power BI, SQL and SAS

Salary: 69,000.00 - 129,000.00

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: 69,000.00 - 129,000.00

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’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs.

To find out more visit us at 69,000.00 - 129,000.00.

BMO is committed to an inclusive, equitable and accessible workplace. 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.