Product Manager, Deposits & Liquidity

About the Role

Key Responsibilities

• Assist in the development of new deposit products by supporting the project team as required.
• Gather market research, customer insights, and analyze competitor offerings.
• Provide strategic recommendations to improve product features and market positioning.
• Collaborate with subject matter experts in product development and sales teams to ensure seamless integration of new products into training programs.
• Review training and sales enablement materials to ensure sales teams are empowered with a deep understanding of deposit and treasury management solutions.
• Gather and incorporate sales team feedback to refine training materials and improve knowledge transfer.
• Develop and maintain performance dashboards to track product metrics, sales effectiveness, and training impact.
• Conduct data-driven analyses to identify trends, opportunities, and areas for improvement in deposit products and training programs.
• Prepare regular reports and presentations for senior leadership, highlighting actionable insights and key findings.
• Support the development of business cases, strategic plans, and risk management controls.
• Monitor key product performance and growth metrics to identify trends and recommend action plans.
• Lead or oversee vendor relationships and external partnerships, ensuring contractual obligations are met.
• Resolve internal customer escalations and policy exceptions, including interactions with clients and sales.
• Participate in market research, competitive analysis, and customer insights evaluation.
• Design, implement, and manage product lifecycle strategies and documentation.
• Support sales team development, including client deals and presentations.
• Create marketing strategies, including offers and campaigns, in collaboration with marketing partners.
• Develop and maintain product policies, directives, and key metrics.
• Identify risks and develop risk management controls and processes.
• Build effective relationships with internal and external stakeholders to ensure alignment.

Requirements

• Bachelor's degree in business, Finance, Marketing, or a related field.
• Experience in product analysis, training development, or banking.
• Strong analytical skills with experience in reporting and data visualization tools such as Excel, Tableau, or Power BI.
• Excellent communication and presentation skills to convey complex concepts clearly.
• Proven ability to think critically and solve problems resourcefully.
• Demonstrated experience collaborating across departments to achieve shared goals.
• Knowledge of treasury management and deposit products.
• Typically between 5 - 7 years of relevant experience and post-secondary degree or equivalent experience.
• Strong experience with consumer and commercial credit applicable to retail and business financing products.
• Deep knowledge of product delivery infrastructure systems and industry/regulatory requirements.
• In-depth understanding of retail and business banking environments.
• Experience in risk management related to product development and management.
• Strong knowledge of process management and product lifecycle strategies.
• Ability to develop business cases, research market trends, and manage relationships.
• Proficiency in analytics, reporting, and product marketing.

Nice to Have

• Negotiation skills.
• Software and systems architecture knowledge.
• Financial understanding.

Qualifications

• Typically 5-7 years of relevant experience.
• Post-secondary degree in a related field or an equivalent combination of education and experience.

Benefits & Perks

• Salary range of $72,500.00 - $134,500.00, with potential performance-based incentives and bonuses.
• Health insurance, tuition reimbursement, accident and life insurance, retirement savings plans.
• Work environment that supports growth, training, and development.
• Additional perks and rewards as part of BMO's total compensation package.