Job summary
Job post source
This job is directly from BMO U.S.
Job overview
The Product Manager for Unsecured Consumer Lending at BMO U.S. is responsible for developing and implementing strategies to manage unsecured lending products, impacting profitability and customer experience.
Responsibilities and impact
The role involves market research, product performance monitoring, risk management, collaboration with internal and external partners, vendor management, competitive analysis, and supporting sales and marketing efforts to optimize product lifecycle and financial performance.
Compensation and benefits
The salary range is $74,000 to $138,000 annually, with potential commissions, bonuses, health insurance, tuition reimbursement, life and accident insurance, and retirement plans offered by BMO.
Experience and skills
Candidates should have 5-7 years of relevant experience, strong knowledge of unsecured consumer credit, product design, risk management, analytics, and communication skills, with a post-secondary degree or equivalent experience.
Career development
BMO offers in-depth training, coaching, manager support, and network-building opportunities to help employees grow and broaden their skillsets.
Work environment and culture
BMO values diversity, inclusion, and equal opportunity, fostering a supportive environment where employees are respected, heard, and encouraged to make an impact.
Company information
BMO U.S. is part of BMO Financial Group, committed to creating positive change and economic growth globally with a focus on innovation and customer impact.
Application process
Applicants are encouraged to apply directly through BMO's official channels; unsolicited resumes from recruiters are not accepted without a valid agency agreement.
Unique job features
The role includes managing a suite of unsecured lending products with P&L accountability, extensive cross-functional collaboration, and a focus on data-driven decision-making and risk management.
Company overview
BMO U.S. is the American division of the Bank of Montreal (BMO), a leading North American financial services provider. They offer a wide range of banking products and services, including personal and commercial banking, wealth management, and investment banking. BMO U.S. generates revenue through interest on loans, fees for financial services, and investment income. The company has a significant history, having been established in 1817, and has grown through strategic acquisitions and expansions in the U.S. market.
How to land this job
Position your resume to emphasize your experience in managing unsecured consumer lending products, including personal loans, lines of credit, and overdraft products, showcasing your ability to develop strategies with P&L accountability.
Highlight your skills in market research, competitive analysis, risk management, and collaboration with cross-functional teams, especially your experience working with compliance, fraud, legal, and regulatory stakeholders.
Apply through multiple channels such as BMO U.S.'s official careers page and LinkedIn to maximize your chances of being noticed for the Product Manager role.
Connect with professionals in BMO U.S.'s unsecured consumer lending division on LinkedIn; start conversations by mentioning your interest in their recent product launches or asking about challenges in managing unsecured lending portfolios.
Optimize your resume for ATS by incorporating keywords from the job description like 'product lifecycle management,' 'risk management,' 'market research,' 'P&L accountability,' and 'consumer credit products' to ensure it passes initial screening.
Use Jennie Johnson's Power Apply feature to automate tailored applications, identify multiple application portals, and find LinkedIn connections to network with, allowing you to focus more on interview preparation and skill enhancement.
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