Group Product Manager -Home Financing, Capital Funding & Liquidity

at  BMO Financial Group

33 Dundas Street West Toronto Ontario,M5G 3C2
The Group Product Manager, Home Financing will primarily be responsible for managing the P&L for the products within the Home Financing line of business, with a focus on capital, funding and liquidity implications of the business to the enterprise while building product systems to enable new ways to ROE for the business. The group product manager will ensure business plan expectations are achieved with additional focus on product design, strategy, customer experience, efficiency, compliance, innovation, continuous improvement and risk management.
This position will serve as an effective liaison with senior leadership, finance, corporate funding, risk capital and capital markets teams to develop strategies that will optimize the profitability of BMO Home Financing portfolios.
One key part of the role will be to oversee and integrate an advanced level view of how Home Financing products can be optimized using leading industry specific corporate funding and securitization programs. These include optimizing for and executing on securitization dimensions, liquidity and capita benefit specific opportunities. Experience working with Treasury/corporate funding strategies and managing the integration of Treasury/corporate funding knowledge with Retail products is required.

Key Accountabilities

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
• Ensures alignment between values and behaviour that fosters diversity and inclusion.
• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders. Ensures alignment between stakeholders.
• Acts as a subject matter expert on relevant regulations and policies.
• Makes HF product strategy and new initiative recommendations to senior leaders, based on an in-depth understanding of the business/group as well as treasury(funding/liquidity/capital) objectives.
• Designs, implements, manages, and enhances a single product or suite of products throughout the product lifecycle. Core focus will be on external HF portfolio as it relates to will be on capital/funding optimization.
• Leads the execution of strategic initiatives to deliver on business and financial goals in collaboration with internal and external stakeholders
• Leads, develops, and manages strategies for reporting and forecasting and/or analytics teams within the business. Works in partnership with treasury, corporate funding, and external partners on additional requirements.
• Conducts independent analysis and assessment to resolve strategic issues.
• Breaks down strategic problems and analyzes data and information to provide insights and recommendations.
• Leads/oversees and develops vendor relationships and external partnerships and provides guidelines for execution; ensures that all agreements are met as per requirements
• Determines and provides recommendations on product lifecycle.
• Develops business cases by identifying needs, analyzing potential options, and assessing expected returns on investment
• Oversees the development of business analytics and insights (e.g. portfolio profitability tracking, customer analytics, revenue forecasts, operations metrics, trend analytics, and predictive modelling).
• Designs and produces regular and ad-hoc reports, and dashboards. Completes internal and regulatory reporting, and attestations.
• Conducts complex market research, competitive intelligence, and data analysis.
• Influences and/or determines credit product risk parameters and metrics. Identifies existing and potential risks and develops risk management controls and processes.
• Monitors key product performance and growth metrics to identify trends and recommend action plans.
• Creates the marketing strategy, including offers and campaigns, and works with Marketing and other partners to execute.
• Develops, implements, and manages product documentation, templates, and requirements to ensure they accurately reflect product and systems functionality.
• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
• Develops and implements action plans that meet financial and growth metrics.
• Develops problem evaluation frameworks and defines research approach.
• Assesses customer/consumer and channels analysis and develops recommendations.
• Resolves internal, complex or higher risk customer escalations or policy exceptions, which may include interactions with clients and sales.
• Continuously improves processes to identify issues and deliver optimal customer experience.
• Works with partners to develop salesforce training and materials and manages change.
• Broader work or accountabilities may be assigned as needed.

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.
• Desirable to have an experience in corporate funding, capital management or other treasury functions
• Strong experience working with retail and business product fundamentals, including product design, functionality, and related policies and procedures
• Strong knowledge of product delivery infrastructure systems and underlying product interdependencies.
• In-depth retail and business banking environmental awareness / understanding.
• In-depth risk management associated with new and existing product development and management.
• Strong knowledge of process coordination and management.
• Strong knowledge of banking product management and associated industry and regulatory requirements.
• Verbal & written communication skills - Expert.
• Analytical and problem-solving skills - Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - Expert.
• Building business cases - in-depth
• Researching market trends – in-depth
• Relationship management – in-depth
• Capital, funding and liquidity management - good
• Analytics and reporting – in-depth
• Product marketing – in-depth
• Negotiation skills – good
• Software and systems architecture knowledge – good/in-depth
• Financial Understanding – good/in-depth
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert.

Please refer the Job description for details