Product Manager - International Money Movement

BMO•Toronto, ON

27d•$69,000 - $129,000

About The Position

At BMO’s Everyday Banking Money Movement team, we thrive launching innovative digital solutions that allow our customer’s need to move money easily, safely and digitally. From enabling mobile tapping at merchant’s POS to pay for things, to explore new trends across eCommerce, real time and emerging payments, domestic and international money movement, we love building pioneer products, and we have fun doing it! The Product Manager of Money Movement reports to the Group Product Manager, Money Movement and is part of the Everyday Banking Products team in Canadian Personal Banking. This role is responsible to manage the portfolio of innovative money movement products for retail customers, including Global Money Transfer, eCommerce, real time and new emerging payments. This role sits at the intersection of product innovation and driving the next phase of acquisition and growth for our International Money Movement portfolio for our retail customers. The Product Manager will own the P&L, focused to undertake Corridor Profitability Analysis to manage margins across different regions, Revenue Optimization by balancing transaction volume growth and Incentive Modeling to drive FX pricing decision, targeted offers for potential segments to deliver deeper penetration and repeat engagement. The Product Manager will be a growth architect with hands on experience owning the retail growth roadmap by analyzing behavioral data to optimize end to end conversion funnel, execute data driven FX Pricing strategies that balance aggressive market penetration with long term P&L sustainability and lead cross-functional teams involving data science, marketing, compliance, fraud and others to launch, run and analyze campaign results and devise next steps. The Product Manager is a high visibility role working with Senior Management within the Bank to showcase strategic and lifecycle insights, showcasing performance across key metrics and obtain buy-in for implementing key strategic pillars to support the continuous growth with in their portfolio.

Requirements

5+ years of experience managing retail banking products for a large Bank or a Fintech within the International Money Movement domain
Proven experience managing P&L and driving pricing strategies to deliver growth and profitability
Strong analytical skills to identify actionable insights and drive data-based decision making
Go-To-Market experience launching marketing campaigns tailored to specific diaspora to drive usage and engagement
Bachelor’s degree in business management, finance, economics or a related field.

Nice To Haves

MBA or other relevant certifications is a plus.
Proficient in SQL (asset)

Responsibilities

Product Strategy: Own and execute on the product growth strategy for International Money Movement
Product Strategy: Constantly monitor the market and key trends to re-evaluate and re-align our FX Pricing strategy to remain relevant and competitive
Product Strategy: Provide visibility across the organization on the key strategic pillars and our playbook for strategy execution
Product Management: Own the product roadmap in terms of new product enhancements, corridor launches and new capabilities
Product Management: Use detailed analytics to capture lifecycle trends, identify key insights, pain points and make data driven product decisions to ensure relevance for our customers
Product Management: Develop detailed go to market strategies for new products and enhancements
P&L & Risk Management: Own end to end P&L for the International Money Movement portfolio
P&L & Risk Management: Analyze corridor wide profitability and develop FX pricing strategies to reduce churn and increase profitability
P&L & Risk Management: Work closely with internal and external cross-functional partners to constantly keep the product policies and processes up to date
Lifecycle Marketing: Closely work with segments and marketing to ensure we always have our customers top of mind
Lifecycle Marketing: Develop strategic communication strategy for different cohorts to drive better usage and engagement
Lifecycle Marketing: Own the complete marketing plan and budgets and create strategies related to offline and digital marketing
Lifecycle Marketing: Analyze, report and identify dos and don’ts from the marketing campaigns and identify key pivot points for upcoming campaigns

Benefits

BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.
To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

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