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Director, Head of Mortgage Product Management

Bank of Montreal

Chicago, IL
Full Time
Director
128k-238k
15 days ago

Job Description

About the Role

The Director, Head of Mortgage Product Management at BMO Financial Group is responsible for managing the P&L for the Mortgage line of business, ensuring business plan expectations are achieved with a focus on product design, strategy, customer experience, efficiency, compliance, innovation, continuous improvement, and risk management. This role involves collaborating with various internal departments to deliver an industry-leading customer experience and profitable product set, while fostering a culture aligned with BMO's purpose, values, and strategy.

Key Responsibilities

  • Manage the P&L for the Mortgage line of business, ensuring business plan expectations are met.
  • Develop and implement product strategies, growth metrics, and plans to achieve sales objectives.
  • Lead strategic initiatives, including resource management and execution of operational programs.
  • Build effective relationships with internal and external stakeholders, including regulators.
  • Oversee the development of business analytics, insights, and reporting to inform decision-making.
  • Lead change management programs, including readiness assessments, stakeholder management, and execution.
  • Design, implement, and monitor key product performance and growth metrics.
  • Manage vendor relationships and external partnerships, ensuring contractual obligations are met.
  • Resolve complex customer escalations and policy exceptions, including interactions with clients and sales.
  • Conduct market research, competitive intelligence, and data analysis to inform strategy.
  • Develop and maintain product directives, policies, and risk management controls.
  • Support the development of salesforce training, marketing strategies, and product documentation.
  • Influence and determine credit product risk parameters and metrics.
  • Operate at a group/enterprise-wide level, serving as a senior resource and thought leader.

Requirements

  • Typically 9+ years of relevant experience and post-secondary degree in Business or a related field, or an equivalent combination of education and experience.
  • Strong experience with consumer and commercial credit applicable to retail and business financing products.
  • Deep knowledge of retail and business banking environment and product management fundamentals.
  • In-depth risk management experience related to product development and management.
  • Strong skills in market research, analytics, reporting, and relationship management.
  • Excellent verbal and written communication skills, with the ability to influence and collaborate across teams.
  • Ability to manage ambiguity and make data-driven decisions.
  • Technical knowledge of software and systems architecture, and understanding of financial principles.

Nice to Have

  • Experience in negotiating with vendors and external partners.
  • Experience in developing business cases and strategic roadmaps.
  • Knowledge of banking product delivery infrastructure systems and industry regulations.
  • Leadership experience in a senior or executive role within financial services.

Qualifications

  • Post-secondary degree in Business or a related field, or equivalent experience.

Benefits & Perks

  • Health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.
  • Performance-based incentives, discretionary bonuses, and other perks.
  • Supportive work environment with training, coaching, and career development opportunities.

Working at Bank of Montreal

At BMO, we are driven by a shared purpose to boldly grow the good in business and life. We aim to create lasting, positive change for our customers, communities, and people by working together, innovating, and pushing boundaries. Our culture values being valued, respected, and heard, with a focus on growth, impact, and making a difference. We support our employees with tools, resources, and opportunities to reach new milestones and broaden their skillsets.

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Job Details

Posted AtJun 7, 2025
Job CategoryProduct Management
Salary128k-238k
Job TypeFull Time
ExperienceDirector

About Bank of Montreal

Website

bmo.com

Company Size

10000+ employees

Location

Chicago, IL

Industry

Commercial Banking

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