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Vice President, Product Management, Trade Finance

Toronto, ON
  • Number of positions available : 1

  • To be discussed
  • Starting date : 1 position to fill as soon as possible

Date limite pour présenter sa candidature :

01/02/2025

Adresse :

33 Dundas Street West

Groupe de famille d'emploi :

Solutions clientèle

The Trade Finance product team is a key contributor within Treasury & Payment Solutions (T&PS). We are experienced trade finance professionals that help our clients navigate global trade corridors and improve working capital efficiency. We provide innovative products and solutions for activities related to commerce and international trade, which includes traditional trade products (such as Documentary Letters of Credit, Standby Letters of Credit, Demand Guarantees and Documentary Collections) and Supply Chain Finance products.

LIVING OUR CULTURE

At our core, we’re builders - proud to be fueling growth and expanding possibilities for individuals, families and businesses.

INSPIRED BY OUR PURPOSE

BMO’s Purpose is to Boldly Grow the Good in business and life. It guides every decision we make and inspires and empowers us to do more for the customers and communities we serve. As a commercial enterprise, we are intent on growing, but believe that growth must be inclusive, creating benefits for families, businesses, and the wider world around us. Our focus is more than profit - it’s progress.

BMO’s Purpose identifies what we are here to do. BMO’s four values illuminate who we are.

We are looking for a Vice President, Product Management, Trade Finance

Our Vice President, Product Management, Trade Finance will research, define, align, develop, and implement sales and marketing strategies with P&L (profit and loss) accountability to enable the sales force to effectively sell, fulfill, and service new and existing individual or portfolio of banking products and improve the customer experience. Carries out market research, forecasting, pricing, and competitive analysis, monitors product and system performance, and assesses problems to develop and implement solutions. Manages product risks in compliance with legal, regulatory, and risk compliance, and reporting. Collaborates with internal partners across the enterprise to take products to market.

Product supports the global trade finance business for BMO. We serve most Capital Markets and P&C industry sectors. The role involves frequent interaction and extensive teamwork with BMO colleagues from various market segments and lines of business around the world including sales, relationship management, risk, credit, legal, compliance and operations. It also involves interaction with external business partners such as technology providers, consultants and other service providers, industry associations and government agencies.

Accountabilities:

  • Recommends and implements solutions based on analysis of issues and implications for the business.

  • Assists in the development of strategic plans.

  • Identifies emerging issues and trends to inform decision-making.

  • Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.

  • Conducts independent analysis and assessment to resolve strategic issues.

  • Develops business cases by identifying needs, analyzing potential options, and assessing expected returns on investment.

  • Provides recommendations on product lifecycle.

  • Builds effective relationships with internal/external stakeholders.

  • Ensures alignment between stakeholders.

  • Designs and produces regular and ad-hoc reports, and dashboards.

  • Breaks down strategic problems and analyzes data and information to provide insights and recommendations.

  • Monitors and tracks performance and address any issues.

  • Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.

  • Executes work to deliver timely, accurate, and efficient service.

  • Monitors key product performance and growth metrics to identify trends and recommend action plans.

  • Leads/oversees the management of vendor relationships and external partnerships and provides guidelines for execution; ensures that all agreements are met as per requirements.

  • Resolves internal, complex, or higher risk customer escalations or policy exceptions, which may include interactions with clients and sales.

  • Reviews analysis of issues and identifies gaps and solutions.

  • Provides competitive analysis and benchmarking to identify product strengths and gaps, and extract insights.

  • Analyzes customer/consumer insights and channel data to identify strengths and gaps, and extract insights.

  • Completes internal and regulatory reporting, and attestations.

  • Identifies existing and potential risks and develops risk management controls and processes.

  • Supports development of key metrics and identification of trends.

  • Gathers customer and sales feedback and analyzes issues.

  • Participates in and evaluates market research and competitive analysis associated with assigned products.

  • Participates in and evaluates customer / consumer insights and channel information.

  • Acts as the day to day contact for vendors; supports the implementation, maintenance, and sustainment of vendor solutions.

  • Resolves internal, first level customer escalations.

  • Leads/participates in the design, implementation, and management of core business / group processes.

  • Runs analyses and reports that support risk management and policy development.

  • Defines and implements business cases and strategic roadmaps for banking products and services, including project and budget approvals.

  • Designs, implements, manages, and enhances a single product or suite of products throughout the product lifecycle.

  • Develops, implements, and monitors key metrics and action plans to optimize financial performance

  • Continuously improves processes to identify issues and deliver optimal customer experience.

  • Works with partners to develop salesforce training and materials and manages change.

  • May support the sales team in development of client deals and related presentations.

  • Develops and maintains relationships with external partners and vendors.

  • Develops, implements, and manages product documentation, templates, and requirements to ensure they accurately reflect product and systems functionality.

  • Influences and/or determines credit product risk parameters and metrics.

  • Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.

  • Provides specialized consulting, analytical and technical support.

  • Exercises judgment to identify, diagnose, and solve problems within given rules.

  • Works independently and regularly handles non-routine situations.

  • Broader work or accountabilities may be assigned as needed.

Qualifications:

  • Strong experience working with product fundamentals, including product design, functionality, and related policies and procedures

  • Strong knowledge of product delivery infrastructure systems and underlying product interdependencies.

  • 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.

  • Building business cases - in-depth

  • Researching market trends - in-depth

  • Relationship management - in-depth

  • 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

  • Deep knowledge and technical proficiency gained through extensive education and business experience.

  • Verbal & written communication skills - In-depth.

  • Collaboration & team skills - In-depth.

  • Analytical and problem solving skills - In-depth.

  • Influence skills - In-depth.

  • Data driven decision making - In-depth.

KNOWLEDGE AND SKILLS:

Knowledge and aptitude required for successful job performance:

  • Strong knowledge of international financial transactions and trade practices

  • Bachelor’s degree or post graduate degree (preferred)

  • 10+ years of business and/or Trade Finance experience

Successful candidate will possess a subset of the following capabilities:

  • Product Management expertise

  • Subject specific knowledge - trade finance, supply chain finance, commodity trade finance

  • Passion for emerging technology

  • Process expertise - demonstrated ability to efficiently mobilize a variety of experts across a complex organization

Additional skills and behaviours:

  • Strong interpersonal and communications skills. Must possess the ability to communicate in a professional and knowledgeable manner with senior levels within the Bank, LOB Relationship Management and, when required, externally with vendors and clients.

  • Able to focus on and achieve established business targets

  • A team player who works collaboratively. Takes initiative to understand others; gets the cooperation of peers, colleagues; develops and a broad network of relationships within the Bank.

  • Confident, independent and self-motivated

  • Comfortable working in a technology dependent environment

Salaire :

$68,000.00 - $126,000.00

Type de rémunération :

Salaire

Ce qui précède représente la fourchette et le type de rémunération de BMO Groupe financier.

Les salaires varieront en fonction de facteurs comme l’emplacement, les compétences, l’expérience, les études et les qualifications pour le poste et pourront inclure une structure de commissions. Les salaires pour les postes à temps partiel seront calculés au prorata du nombre d’heures travaillées régulièrement. Pour les rôles à commission, le salaire susmentionné représente la cible de BMO Groupe financier pour la première année au poste.

La rémunération totale offerte par BMO variera selon le type de rémunération associé au poste et peut comprendre des primes de rendement, des primes discrétionnaires ainsi que d’autres avantages et récompenses. BMO offre également une assurance santé, le remboursement des frais de scolarité, une assurance accident et une assurance vie, ainsi que des régimes d’épargne-retraite. Pour en savoir plus sur nos avantages sociaux, consultez le site : https://jobs.bmo.com/ca/fr/R%C3%A9mun%C3%A9ration-globale

Ici, pour vous.

À BMO, nous sommes animés par une raison d’être commune : Avoir le cran de faire une différence dans la vie, comme en affaires. Cette raison d’être nous invite à entraîner des changements positifs et durables pour nos clients, nos collectivités et nos gens. En travaillant ensemble, en innovant et en repoussant les limites, nous transformons des vies et des entreprises et favorisons la croissance économique partout dans le monde.

En tant que membre de l'équipe de BMO, vous êtes valorisé, respecté et entendu, et vous avez plus de moyens pour progresser et obtenir des résultats. Nous nous efforçons de vous aider à obtenir des résultats dès le premier jour, pour vous-même et nos clients. Nous vous offrirons les outils et les ressources dont vous avez besoin pour franchir de nouvelles étapes, car vous aidez nos clients à franchir les leurs. Au moyen de formation et de coaching approfondis ainsi que de soutien de la direction et d'occasions de réseautage, nous vous aiderons à acquérir une expérience enrichissante et à élargir votre groupe de compétences.

Pour en savoir plus, visitez-nous à l'adresse https://jobs.bmo.com/ca/fr.

BMO s'engage à offrir un milieu de travail inclusif, équitable et accessible. Nous apprenons de nos différences et tirons notre force des gens et de leurs différents points de vue. Des mesures d’adaptation sont disponibles sur demande pour les candidats qui participent à tous les aspects du processus de sélection. Pour demander des mesures d’adaptation, veuillez communiquer avec votre recruteur.

Remarque aux recruteurs : BMO n’accepte pas les curriculum vitæ non sollicités provenant de toute source autre que le candidat directement. Tout curriculum vitæ non sollicité envoyé à BMO, directement ou indirectement, sera considéré comme la propriété de BMO. BMO ne paiera aucuns frais pour les placements découlant de la réception d’un curriculum vitæ non sollicité. Une agence de recrutement doit d’abord détenir une entente de service écrite valide et dûment signée avant d’envoyer des curriculum vitæ.


Requirements

Level of education

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Work experience (years)

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Written languages

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Spoken languages

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