Manager, Pricing Operations, Reporting & Insights ( Commercial Banking)

BMO•Toronto, ON

4d•CA$69,000 - CA$129,000•Onsite

About The Position

The Manager, Pricing Operations, Reporting & Insights, is part of the Canadian Commercial Deposits team. You will be accountable for managing Pricing Operations and Reporting for deposit products including liquidity management solutions. This includes daily front-line communications and transaction support, management of pricing tools, developing and running performance reporting, and maintaining policies and procedures to ensure strong governance. This role also generates insights that inform pricing strategies and tactics to achieve business goals.

Requirements

Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Strong knowledge of process coordination and management.
Strong experience working with retail and business product fundamentals, including product design, functionality, and related policies and procedures.
Experience in reporting, dashboards, and performance management.
Collaboration & team skills - In-depth.
Financial Understanding – In-depth.
Analytical and problem solving skills - In-depth.
Data driven decision making - In-depth.
Relationship management –In-depth.
Influencing and negotiation skills – good.
Verbal & written communication skills - In-depth.

Responsibilities

Daily transaction and pricing approval support for the Canadian Commercial Banking and Capital Markets lines of business including Front-Line Advisory, Training and developing Resources to help with product pricing, customer prospecting and conversations.
Lead pricing operations and processes for commercial deposit products, seeking to maximize value creation, meet or exceed balance and profitability targets.
Develop and refine reporting and dashboards to analyze product pricing/client data and performance with deposit product managers, sales and business partners to inform pricing strategies and balance growth initiatives.
Manage and develop product pricing tools through innovation and digitization while simplifying the pricing approval process and increasing efficiency, speed to market.
Own and ensure top-tier risk management and strong risk culture with robust policies, procedures, operating controls and reporting.
Develop comprehensive pricing expertise for deposit products, process and systems. Intimately understand all aspects of product pricing inputs (cost of funds), performance and drivers to inform strategy and business decisions.
Establish and monitor key pricing performance indicators to develop a deep understanding of the customer base and pricing characteristics by product, industry sector, and relationship.
Identify trends anchored in data, clearly identifying problem statement, and share with key stakeholders to develop action plan.
Support enhancement of pricing tools and processes based on operational insights and identified gaps ensuring successful completion by identifying critical success factors, integrating risk mitigating strategies, applying project management skills to plan, organize and execute implementation plans.
Leverage technology solutions to digitize, simplify process and increase efficiency.
Lead and support streamlining and continuous improvement to drive operational excellence in day-to-day pricing operations and initiatives.
Run daily pricing operations including distribution of daily rates, pricing tool updates, issue management, transaction support and approvals.
Develop, enhance and automate management reporting of product and client pricing to develop strategies and enhance financial performance.
Support, product pricing, forecast and other requests from enterprise and business partners.
Act as product pricing subject matter expert for internal partners, including policies and procedures, pricing tools and inputs, process and technology enhancements.
Maintain detailed competitive pricing intelligence to inform client acquisition opportunities and retention strategies.
Partner with the Deposit Team, Sales, LOB and Treasury & Payment Solutions partners and other appropriate stakeholders to assist in the development and execution of business cases and initiatives.
Ensure robust and regular maintenance of pricing documentation management standards, procedures and controls.
Partner with the TPS Risk and Compliance team to effectively complete applicable internal audits, governance and compliance requirements.