Under the direction of the Director, Strategy and Development, the Senior Product Manager is accountable for the product strategy, design, development, enhancement, delivery and management of BMO InvestorLine’s product offering. This role is the prime interface for all product development and relationship management with vendors and suppliers. The Product Manager will work closely to integrate products into the platforms and channels of BMO Financial Group. This role is responsible to work with other LOB partners to identify and develop integrated product opportunities. This role will also be accountable to identify and build relationships with external strategic alliences with respect to product offerings.
1. Strategic development of product offerings
Develop product strategy, offering and programs that add value to the BMO InvestorLine client offering.
Assess and quantify new opportunities through market research and evaluate these opportunities against BMO InvestorLine’s strategic direction and the needs of the client.
In partnership with e-business develop the on-line aspect of the product.
In partnership with the Marketing Team and the Sales Team develop the advertising and stakeholder communications strategies.
Work closely with other LOBs within BMOFG to identify and develop integrated product offerings.
Identify and negotiate alliances with external partners.
Work with vendors, members and other industry experts to deliver efficiencies in the development of products.
Evaluate the success of new product/service introductions and identify opportunities for enhancements.
2. Product Management
Responsible for product portfolio including knowledge of product, service and campaign/promotional offerings.
Responsible for the ongoing product management and monitoring of all products to ensure ongoing viablility, initiating any required enhancements.
Perform competitive benchmarking exercises to understand the product and price positioning of products offered by the competition.
Provide support for existing marketing initiatives. Facilitate introduction of new services and programs.
Responsible for budget management.
Participate in on-going training and coaching initiatives.
Create, or review and make necessary changes to existing documentation.
Keep up to date on the key technology drivers for the on-line brokerage environment.
Assist Director, Strategy and Development with multiple projects across all areas of the operation.
Possess broad/diverse knowledge of the investment business.
Broad business and/or on line brokerage experience coupled with a detailed understanding of the financial and behavioural drivers of profitability.
Extensive knowledge of financial services industry, competitive environment, and emerging technologies
Strong understanding of client needs and expectations.
In depth experience in new product/service development
Post-secondary education or equivalent experience.
Minimum 7-10 years industry experience.
P.C. literate (Word, Excel and PowerPoint)
Exceptional relationship management
Strong oral and written communication skills
Ability to manage projects with high complexity.
Able to think strategically and resolve complex and/or ambiguous problems.
Effectively able to manage change in fast paced environment.
Ability to effectively communicate with executives
Highly developed analytical and problem solving skills and an ability to assimilate a large amount of information for purposes of identifying value-added observations
Strong prioritization, time management and multi-tasking skills
Able to resolve a magnitude of diverse, complex and ambiguous issues/situations
Ability to manage in unstructured situations with innovative and creative thinking
Exceptional marketing and oral/written communications skills
Exceptional project management skills
Strong team player – effective in achieving results in a “matrix” environment
We’re here to help
At BMO we have a shared purpose; we put the customer at the centre of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.
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.
To find out more visit us at https://bmocareers.com .
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.