Product Manager, Specialized Lending

6 months ago

Toronto, Canada BMO Financial Group Full time

33 Dundas Street West Toronto Ontario,M5G 3C2

The Product Manager, Specialized Lending reports to the Director, Specialized Lending and is part of the Personal Lending Team. This role is responsible to manage the portfolio of Student Lending and Specialized Lending products with direct P&L (product and loss) accountability. The Product Manager develops and implements product strategies to drive sales of new and existing products while managing product risk, launches new products and features to market, optimizes profitability and improves the customer experience. This role is responsible to optimize campaign strategy and collaborate with internal partners such as Customer and Product Analytics, Credit Risk, Collections, Leads Management, Marketing, Digital, Technology, Operations and Salesforce Effectiveness.

**Key Accountabilities**

**1. 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

**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. Pricing and Campaign Management**
- Optimize pricing to balance profitability and volume growth
- Develop, launch and manage initiatives to attract balances
- Measure the impact of pricing changes

**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**
- 5+ years of experience in retail product management, or credit risk as a bank employee or consultant
- Strong experience in product design, business casing, pricing, campaign management, technology project delivery, P&L and 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 management skills
- Strong verbal and written communication

**Compensation and Benefits**:
$68,000.00 - $126,000.00

**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.

**We’re here to help**

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.

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