Director / Senior Manager, Transformation & Change – Wealth Consumer Lending & Deposits

Bank of Montreal•Virtual, IL

11h•Remote

About The Position

This role is responsible for leading end-to-end transformation initiatives across Wealth Consumer Lending and Deposit Products, with a primary focus on product innovation, process optimization, and distribution strategy. Sitting at the intersection of lending and deposits, this leader will drive execution of strategic initiatives from concept through delivery—ensuring alignment to business priorities, regulatory expectations, and client needs.

Requirements

Typically 7+ years of relevant experience and post-secondary degree in Business or a related field of study or an equivalent combination of education and experience.
Strong experience with consumer / commercial credit applicable to retail and business financing products.
Strong experience working with retail and business product fundamentals, including product design, functionality, and related policies and procedures
Strong knowledge of product delivery infrastructure systems and underlying product interdependencies.
In-depth retail and business banking environmental awareness / understanding.
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
Seasoned professional with a combination of education, experience and industry knowledge.
Verbal & written communication skills - In-depth / Expert.
Analytical and problem solving skills - In-depth / Expert.
Influence skills - In-depth / Expert.
Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
Able to manage ambiguity.
Data driven decision making - In-depth / Expert.

Nice To Haves

Digital Enablement as a Competitive Advantage: Wealth currently has limited digital capabilities across lending and deposits, creating a significant opportunity to modernize the client and advisor experience. This role will help prioritize and deliver digital solutions that simplify workflows, improve speed to market, and enhance competitiveness.
Salesforce Engagement & Growth: Activate and enable the salesforce with better tools, insights, and product positioning to drive higher balances, deeper client penetration, and increased share of wallet across all consumer products.
End-to-End Experience Ownership: Ensure alignment of product design, pricing, policy, and distribution to create a seamless and differentiated client experience.

Responsibilities

Lead cross-functional transformation initiatives spanning lending and deposit products, from ideation through implementation and adoption
Drive product strategy and enhancements, including pricing, features, and client experience improvements
Identify and execute process efficiencies and simplification opportunities to reduce manual work and improve scalability
Partner with Distribution, Sales, and Client Teams to strengthen go-to-market execution, drive adoption, and increase product penetration
Serve as a liaison across Product, Technology, Risk, Finance, and Operations to ensure coordinated delivery and measurable outcomes
Establish clear success metrics tied to balance growth, client acquisition, and ROE optimization
Researches, defines, aligns, develops, and implements 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.
Makes strategy and new initiative recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
Acts as a subject matter expert on relevant regulations and policies.
May network with industry contacts to gain competitive insights and best practices.
Assists in the development of strategic plans.
Identifies emerging issues and trends to inform decision-making.
Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
Determines product lifecycle.
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.
Acts as the prime subject matter expert for internal/external stakeholders.
Builds effective relationships with internal/external stakeholders.
Ensures alignment between stakeholders.
Defines business requirements for analytics and reporting to ensure data insights inform business decision making.
Oversees the development of business analytics and insights (e.g. portfolio profitability tracking, customer analytics, revenue forecasts, operations metrics, trend analytics, and predictive modelling).
Leads, develops, and manages strategies for reporting and forecasting and/or analytics teams within the business.
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 addresses any issues.
Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.
Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
Provides input into the planning and implementation of operational programs.
Executes work to deliver timely, accurate, and efficient service.
Develops and implements action plans that meet financial and growth metrics.
Conducts complex market research, competitive intelligence, and data analysis.
Develops problem evaluation frameworks and defines research approach.
Assesses customer/consumer and channels analysis and develops recommendations.
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.
Develops and maintains product directives and policies.
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 channels 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.
Gathers basic market research and competitive intelligence, including pricing, from publicly available information.
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.
Creates the marketing strategy, including offers and campaigns, and works with Marketing and other partners to execute.
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.
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
Implements changes in response to shifting trends.
Broader work or accountabilities may be assigned as needed.
Take 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.