Senior Manager, Financing Products Apply locations Toronto, ON, CAN time type Full time posted on Posted 2 Days Ago job requisition id R240025949
Application Deadline: 11/26/2024
Address: 33 Dundas Street West
Job Family Group: Customer Solutions
The Senior Manager, Business Banking Lending Products will manufacture and manage financing products and implement sales, marketing and credit risk management strategies to maximize return on equity and enable outstanding customer experiences for all Business Banking clients across relationship manager, virtual and branch channels. Their priorities will centre on risk-return optimization, expanding market share and driving robust financial performance for the segment.
In addition to co-managing the existing suite of products, they will work to rationalize and simplify the product suite, optimize and ensure the relevancy of product solutions to business banking clients and innovate new borrowing solutions to better meet client needs.
As a manager of the product suite and related P&L, the Senior Manager will also provide leadership in the management of product policies, risks and related forms and processes.
Accountabilities
Researches, defines, aligns, develops, and implements sales and marketing 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.
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.
Supports and enables the career development of top talent across the Business Banking Headquarters team.
Acts as a subject matter expert on relevant regulations and policies.
Identifies emerging issues and trends to inform decision-making.
Develops business cases by identifying needs, analyzing potential options, and assessing expected returns on investment.
Ensures alignment between stakeholders.
Oversees the development of business analytics and insights.
Leads change management programs of varying scope and type.
Monitors key product performance and growth metrics to identify trends and recommend action plans.
Completes internal and regulatory reporting, and attestations.
Develops and maintains product directives and policies.
Qualifications:
Typically 7+ years of relevant experience and post-secondary degree in Business or a related field of study or an equivalent combination of education and experience.
Strong experience with consumer / commercial credit applicable to retail and business financing products.
Strong knowledge of banking product management and associated industry and regulatory requirements.
Verbal & written communication skills - In-depth / Expert.
Analytical and problem solving skills - In-depth / Expert.
Salary: $84,000.00 - $156,000.00
Pay Type: Salaried
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 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.
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