Jobs for Veterans, Veteran Job Board |

Post Jobs

Job Information

BMO Financial Group Manager, Strategy and Initiatives, Home Financing & Equity Products in Toronto, Ontario


The Manager, Strategy and Initiatives for Home Financing& Equity Products, will be responsible for managing strategic processes forhome equity products within the Home Financing line of business, includingarticulation of the overall Home Financing strategy and ensuring overallbusiness objectives and initiatives are achieved.


  • Supports thought leadership and articulation of holisticHome Financing portfolio strategy across multiple functions, includingacquisition, portfolio optimization, retention, policy, and pricing.

  • Leverages detailed analytics and evaluates financial performanceof the portfolio (including review of customer experience, balance, mix,spread, non-interest revenue, market share, share of wallet, customerretention, product and customer profitability) to identify, assess andprioritize strategic opportunities.

  • Maintains an external focus to understand competitive,environment and technology changes that will impact product portfolio andrecommend plans and strategies to capitalize on any change to meet overallbusiness objectives.

  • Develops documents and commentary that highlight HomeFinancing’s strategies, and as required, refines documents in line with targetaudience (internal team, senior executives, external audience, etc.), andfacilitates meetings to ensure projects or initiatives continue to trackagainst objectives.

  • Manages team strategic offsites by working with VicePresident, Head of Home Financing and Personal Lending, to set agenda anddevelop or gather materials.

Strategic Product Management

  • Bring strategic lens to business and intimatelyunderstand all aspects of product performance and drivers (market, financial,business) to inform Home Financing strategy and provide advice andrecommendations to the Director.

  • Deliver strategic view of product solutions andenhancements in alignment with the approved Personal Banking Canada strategy.

  • Provide input into overall Home Financing valueproposition, including aspects of features and functionality, that will allowus to profitably differentiate products in the marketplace based on a thoroughunderstanding of competitor/ substitute products and product performance anddeep customer knowledge/insights.

  • Develop strategic and tactical plans to manage existingproducts, seeking to maximize value creation across the product portfolio andstreamline the product offering, as appropriate, balancing simplification ofthe product offering with customer need fulfillment.

  • Regularly monitor customer and competitive environmentsto ensure strategy remains relevant to customer needs and achieves the desiredcompetitive positioning.

  • Approach strategic process from a risk perspective byexploring existing and potential sources of risk, taking specific actions tomore accurately and effectively identify and manage them.

Analytics & Reporting

  • Monitor current and forecasted metrics for growth inbalances and profitability.

  • Conduct regular analytics on product related metrics,including, but not limited to, revenue, balance, market share.

  • Work with product analytics, customer insights teams toprovide analysis and recommendations on strategies (including campaigns,programs and initiatives).

  • Participate and prepare regular quantitative reportingrelated to products/key initiatives.

Key Accountabilities

A. Strategy articulation and documentation

B. Research and analytics

C. Strategic initiative monitoring and reporting(Financial, Product and Channel)

D. Portfolio assessment

E. Customer lifecycle management and customer segmentation

F. Risk management & regulatory compliance

G. Business model enhancement

Authorities Scope & Impact

Information Access: Authority to use and accessconfidential information related to customer, product and financialinformation.

This job contributes to BMO Financial Group’s overallbusiness results by managing product suites that contribute to theprofitability of BMO Financial Group.

Cross Functional Relationships

  • Strategic partners (internal teams – Home Financing,Personal Lending, Policy, Pricing, and external teams – BusinessTransformation)

  • Distribution (Specialized sales force, Front line,Customer Contact Center, Digital sales and all other relevant channels)

  • Corporate Marketing & Communications

  • Customer and Product Analytics

  • Legal, Risk, and Compliance

  • Technology & Operations, including Product Operations

  • Portfolio Management

  • Personal Sales Force Effectiveness

  • Finance, Accounting and Corporate treasury


Knowledge & Skills

a) Knowledge:

  • Strategy or consulting experience

  • Finance and analytics experience

  • Project management

  • Financial services/ mortgage industry experience a strong asset

  • Product Management specific to Home Financing a strong asset

  • Product fundamentals; including understanding the design and how the product works (policies and procedures), knowledge of delivery infrastructure systems and the system linkages underlying an asset

  • Consumer/commercial credit experience an asset

  • Environmental awareness/understanding

  • Risk management

  • Process coordination and management

  • Industry and regulatory requirements understanding

b) Skills:

  • Strong strategic and analytical thinking

  • Strong communication skills – written deck building (Microsoft Office Advanced PowerPoint, Intermediated/Advanced Excel) and verbal

  • Strong ability to tell a story, synthesize and distill complex topics

  • Strong cross functional collaboration / relationship building

  • Financial modelling and analytics

  • Problem-solving

  • Time management

  • Negotiation

  • Program / project management

c) Qualifications:

  • Possesses a university degree in business/commerce, data sciences, engineering, finance and/or mathematics (graduate level degrees preferred) and/or 5 to 7 years of experience in consulting/banking, strategy role at Financial Services firm, and/or strategic product management role

  • Familiar with/ willing to learn one or more industry leading data and analytics tool sets including, but not limited to, TIBCO Spotfire, TIBCO BPM, SQL, SAS and Tableau

  • Possess advanced knowledge of Home Financing & Equity products and related industry considered an asset

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 .

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. To request accommodation, please contact your recruiter.

Job Field:

Investment Solutions

Job Schedule:


Primary Location: