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BMO Harris - Los Angeles, CA

posted 23 days ago

Full-time - Mid Level
Los Angeles, CA
Credit Intermediation and Related Activities

About the position

The position focuses on Commercial Deposit Products & Liquidity Management, emphasizing strong financial acumen related to deposit spreads, deposit forecasting, and P&L management. The role involves trend analytics to support forecasting and requires experience in bank product management, including strategic roadmap creation, development, and execution, as well as managing vendor relationships.

Responsibilities

  • Researches, defines, aligns, develops, and products strategies with P&L accountability to enable the sales force to effectively sell, fulfill, and service new and existing banking products and improve customer experience.
  • Carries out market research and uses internal valuation of deposits to perform pricing and competitive analysis.
  • Monitors product and system performance, assesses problems, and develops and implements solutions while managing product risks in compliance with legal, regulatory, and risk compliance.
  • Collaborates with internal partners across the enterprise to take products to market.
  • Recommends and implements new product solutions based on analysis of issues and implications for the business.
  • Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
  • 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 and ensures alignment between them.
  • Designs and produces regular and ad-hoc reports and dashboards.
  • Leads/oversees the management of vendor relationships and external partnerships, ensuring 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.
  • 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.
  • Acts as the day-to-day contact for vendors; supports the implementation, maintenance, and sustainment of vendor solutions.

Requirements

  • Strong financial acumen especially related to deposit spreads, deposit forecasting, and P&L management.
  • Experience with bank product management: strategic roadmap creation, development, and execution.
  • Experience managing vendor relationships.
  • In-depth knowledge of analytics and reporting, product marketing, negotiation skills, software and systems architecture, and financial understanding.
  • Excellent verbal and written communication skills, collaboration and team skills, analytical and problem-solving skills, and influence skills.

Nice-to-haves

  • Experience in building business cases and researching market trends.

Benefits

  • Health insurance
  • Tuition reimbursement
  • Accident and life insurance
  • Retirement savings plans
  • Performance-based incentives
  • Discretionary bonuses
  • Other perks and rewards
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