Bank Manager I

BMO•Fremont, CA

1d•Onsite

About The Position

The Bank Manager I guides, directs, and coaches employees to deliver exceptional service to BMO customers and prospects. This role involves understanding customer needs, providing sales and service, and advising on products and strategies to meet financial objectives. Key responsibilities include identifying and making referrals to other business groups, supporting sales and customer service activities to meet strategic goals, and ensuring compliance with legal and regulatory requirements. For positions in the U.S., this role acts as an originator of consumer loans, requiring Federal registration with the Nationwide Mortgage Licensing System and Registry, a criminal background review, and a credit history evaluation, with restrictions on performing in a real estate agent capacity. The manager is expected to foster a culture aligned with BMO's purpose, values, and strategy, promoting diversity and inclusion. They set inspirational goals, ensure accountability, build interdependent teams, and attract, retain, and develop talent. The role also encompasses creating innovative business development strategies, executing a branch business plan to maximize growth and customer retention, conducting cold calls, developing community networks, and participating in community activities. The manager maintains high-touch relationships with key customers, resolves customer issues, fulfills sales and service activities, and recommends solutions based on analysis. They assist in strategic planning, build the branch business plan, influence and negotiate to achieve objectives, identify emerging issues, and implement work plans. Collaboration with internal stakeholders to leverage sales and referral opportunities is crucial. The manager monitors sales and service performance, communicates goals, leads the implementation of new programs, coordinates initiatives, monitors service request processes, and provides technical training. They plan and control unit operating expenses, manage transactional outcomes, resolve complex customer situations, and maintain current knowledge of industry trends. Building effective internal/external relationships, maintaining confidentiality, identifying suspicious activity, and complying with regulations are also key aspects. The role primarily focuses on the business/group within BMO, provides specialized consulting, analytical, and technical support, and involves independent judgment in problem-solving. The manager is expected to take measured risks while protecting the bank by applying the Risk Management Framework.

Requirements

Typically between 5 - 7 years of relevant experience.
Post-secondary degree in related field of study or an equivalent combination of education and experience.
Previous supervisory or management experience.
In-depth knowledge of retail banking products and services.
In-depth knowledge of competitive marketplace and trends in product offerings.
In-depth knowledge of all branch operational processes and policies.
In-depth knowledge of branch technologies, processes, and performance metrics.
In-depth knowledge of applicable regulations, audit standards, and related policies, procedures, and directives.
Deep knowledge and technical proficiency gained through extensive education and business experience.
In-depth 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.
Federal registration with the Nationwide Mortgage Licensing System and Registry (U.S. Only).
Criminal background review and credit history evaluation (U.S. Only).
Restrictions on performing in a real estate agent capacity (U.S. Only).

Responsibilities

Guides, directs, and coaches employees to deliver exceptional service to BMO customers and prospects.
Understands the needs of BMO customers or prospects to provide sales and service in the best interests of the customer.
Advises customers on products and strategies that meet their financial objectives.
Identifies and makes referrals to other business groups.
Supports sales and customer service activities to meet strategic customer experience and profitability goals in compliance with legal and regulatory requirements and the Bank’s policies and processes.
Act as an originator of consumer loans as defined by Regulation Z, Regulation G, and the Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act) (U.S. Only).
Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
Ensures alignment between values and behaviour that fosters diversity and inclusion.
Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
Attracts, retains, and enables the career development of top talent.
Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
Creates innovative business development strategies, including collaborating with BMO partners to grow the business and maximize branch revenues, sales, and customer satisfaction, and minimize operating losses.
Develops and executes a branch business plan to maximize business growth and wallet share and achieve customer retention and acquisition objectives.
Probes to understand customer personal banking and credit card needs and integrates marketing promotions and programs into customer conversations to provide strategic advice in the best interests of the customer.
Conducts cold calls to prospective customers to develop new customer relationships.
Develops and maintains a network in the community to enhance the Bank’s visibility and builds a strong referral source for new potential business.
Supports the Bank’s community involvement and participates in community activities.
Maintains a high-touch relationship with key branch customers and prospects within the market.
Resolves customer related issues using knowledge of bank services, products, and processes.
Fulfills sales and service activities for the customer in accordance with approved procedures.
Recommends and implements solutions based on analysis of issues and implications for the business.
Assists in the development of strategic plans.
Builds the business plan for the branch.
Influences and negotiates to achieve business objectives.
Identifies emerging issues and trends to inform decision-making.
Implements, reviews, and revises work plans.
Helps determine business priorities and best sequence for execution of business/group strategy.
Conducts independent analysis and assessment to resolve strategic issues.
Works with internal stakeholders and colleagues to leverage sales, fulfillment, and referral opportunities to improve share of wallet, acquire new customers, and provide full financial services to customers.
Ensures alignment between stakeholders.
Monitors sales and service performance against plan to identify gaps, issues, and best practices, and develop and implement action plans that close performance gaps and resolve issues.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
Communicates goals, plans, and assignments to achieve financial and customer service goals.
Leads the implementation of new programs, products and processes within the branch.
Coordinates the implementation of national and regional sales and service initiatives.
Monitors the service request and problem resolution processes for adherence to national standards.
Provides technical training and support to branch employees to maintain operational and sales effectiveness and recommends improvements.
Plans and controls unit operating expenses in accordance with forecasts.
Manages transactional outcomes for customer calls or defers to appropriate internal business groups.
Resolves complex or unresolved customer situations or escalates to the next higher manager for resolution.
Maintains current knowledge of personal banking and credit card industries, practices, and trends and integrates into customer conversations.
Builds effective relationships with internal/external stakeholders.
Maintains the confidentiality of customer and Bank information.
Identifies and reports suspicious patterns of activity that are suspected to be related to money laundering.
Complies with all legal and regulatory requirements for the jurisdiction.
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.
Takes measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.