Product Manager, Savings

33 Dundas Street West Toronto Ontario,M5G 3C2

**Product Manager, Savings**

**Everyday Banking Products, Canadian Personal Banking**

**Role Description**

The Product Manager of Savings reports to the Senior Manager of Savings and is part of the Everyday Banking Products team in Canadian Personal Banking. This role is responsible to manage the portfolio of savings products for retail customers.

The Product Manager of Savings develops and implements product strategies to drive customer acquisition & balance growth, optimize profitability and improve the customer experience. This role is responsible to deliver new product initiatives, streamline savings campaigns & customer journeys, and extract actionable insights that will have an impact on portfolio KPIs. This role carries out competitive analysis, analytical reporting and performance tracking, and uncovers opportunities to develop and implement solutions. The Manager has profit & loss (P&L) accountability, and manages associated product & operational risks.

The Manager collaborates with members of the Everyday Banking Products team, and with internal partners, such as Customer and Product Analytics, Modelling and Artificial Intelligence, Customer Optimization, Marketing, Digital, Virtual Connect, Technology, Operations and Salesforce Effectiveness.

**Key Accountabilities**

**Pricing Optimization and Campaign Management**
- Develop, launch and manage campaigns to drive customer acquisition, balance growth and retention.
- Identify enhancement, champion/challenger, and optimization opportunities.
- Measure the impact of campaigns and pricing changes.
- Partner with analytics and modelling teams to implement new customer contact optimization strategies and models.

**Product Initiatives**
- Proactively identify and prioritize opportunities to improve the portfolio of products.
- Lead the implementation of complex projects with large multi-functional teams, through ideation, requirements, implementation, and change management.
- Establish priorities and drive the evolution of capabilities with key partners.
- Proactively solve issues and eliminate obstacles.

**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**
- 3+ years of experience in retail product management, preferably in the financial service industry.
- Deep proficiency in Excel including advanced functions & macros.
- Strong analytical background with prior experience in PowerBI, SQL is preferred.
- Strong experience in product design, business casing, pricing, campaign management, technology project delivery, P&L and risk management.

**Skills**
- Proven problem-solving skills and ability to think strategically.
- In-depth analytical acumen.
- Advanced relationship management skills.
- Hands on experience with project management, change management & self-organization.
- Strong verbal, written & presentation skills.

**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.