Group Product Manager Money Movement Everyday Banking Products Canadian Personal Banking

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At BMOs Everyday Banking Money Movement team we thrive launching innovative digital solutions that allow our customers need to move money easily safely and digitally. From enabling mobile tapping at merchants 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

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 Management

• Lead the implementation of complex projects with large multifunctional 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 multidisciplinary teams as well as partner relationship

3. P&L and Risk Management

• Explain financial results and forecast future performance
• Drive actions to improve profitability through datadriven 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 problemsolving skills and ability to think strategically
• Robust analytical skills
• Proven project management and change management skills
• Highly developed relationship skills building strong connexions and crossfunctional links with internal colleagues and third party partners
• Strong verbal and written communication skills
• Strong knowledge of Office predominantly with Excel and PowerPoint

The above represents BMO Financial Groups 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 parttime roles will be prorated based on number of hours regularly worked. For commission roles the salary listed above represents BMO Financial Groups expected target for the first year in this position.

BMO Financial Groups total compensation package will vary based on the pay type of the position and may include performancebased 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: 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. Well support you with the tools and resources you need to reach new milestones as you help our customers reach theirs. From indepth training and coaching to manager support and networkbuilding opportunities well help you gain valuable experience and broaden your skillset.

To find out more visit us at is committed to an inclusive equitable and accessible workplace. By learning from each others 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.