Product Manager, Savings - Everyday Banking Products

Application Deadline:

11/29/2026

Address:
33 Dundas Street West

Job Family Group:

Customer Solutions

Role Description

The Product Manager, Savings is part of the Day-to-Day Banking Products team within Canadian Personal Banking and reports to the Senior Manager, Savings. This role helps enable the performance and continued evolution of BMO’s Savings portfolio by strengthening product capabilities, pricing and policy execution, operational effectiveness, controls, reporting, and frontline support.

The role contributes to customer experience, portfolio performance, and sustainable P&L outcomes by helping the business execute effectively and making better-informed decisions. This includes identifying operational pain points and root causes, improving processes and controls, and using data, automation, and technology to reduce manual effort, strengthen service levels, and address recurring customer and frontline issues.

Success requires strong analytical and technical skills, sound product judgment, and a hands-on approach to execution. The Product Manager will work closely with partners across Frontline, Operations, Technology, Digital, Finance, Risk, Compliance, Legal, Analytics, Marketing, and other product teams to deliver practical improvements that support customers, employees, portfolio economics, and long-term business performance.

Key Accountabilities

Product & Offer Capability Development
· Define business requirements and support the design, delivery, testing, launch, and ongoing management of new Savings product and offer capabilities.
· Translate business, customer, frontline, operational, and control needs into clear requirements, process designs, and implementation plans.
· Identify opportunities to simplify or modernize existing capabilities, including workflows, tools, controls, and customer or employee experiences.
· Partner with Technology, Digital, Operations, and other delivery teams to ensure solutions are scalable, supportable, and aligned with business objectives.

Pricing Management
· Support end-to-end management of Savings pricing, including interest rates, promotional offers, service charges, and fees, with consideration for customer value, competitive positioning, and portfolio economics.
· Conduct pricing, performance, customer, and financial analysis to inform recommendations that support balance growth, revenue, net interest income, and sustainable portfolio profitability.
· Coordinate pricing changes across governance, approvals, system implementation, communication, validation, and post-implementation monitoring.
· Develop business cases and executive-ready recommendations that clearly articulate customer, financial, operational, and risk impacts.

Reporting, Analytics & Automation
· Develop and enhance recurring reporting, dashboards, and management information for portfolio performance, pricing, risk, service levels, and escalations.
· Use advanced Excel, SQL or similar data-querying skills, and visualization tools such as Power BI to analyze data and generate actionable insights.
· Improve data quality, reporting accuracy, automation, and self-serve access to information for the Savings team and key partners.
· Use Microsoft Power Automate and related tools to streamline manual workflows, notifications, approvals, tracking, and recurring team processes.
· Establish clear metrics and monitoring to measure whether process and capability improvements are reducing effort, escalation volume, and turnaround times.

Operational Excellence & Escalation Management
· Support the effective management of complex Savings customer and frontline issues requiring product, policy, pricing, process, or system expertise.
· Coordinate investigation and resolution with frontline, operations, technology, risk, and other partners, while maintaining clear ownership, communication, and appropriate customer and business outcomes.
· Use operational data, service-level performance, customer feedback, and recurring issue themes to identify root causes and broader improvement opportunities.
· Support sustainable improvements through process redesign, automation, clearer policies, stronger controls, frontline guidance, training, or system enhancements.
· Build feedback loops and reporting that demonstrate improvements in operational efficiency, service levels, issue prevention, and customer and employee experiences.

Frontline Relationship Management
· Build strong relationships with branch, contact centre, digital, and operational partners to understand pain points and improve how Savings products are supported and serviced.
· Provide clear product guidance and support the development of frontline communications, job aids, procedures, and training materials.
· Create structured channels for frontline feedback and use insights to inform product, policy, process, and capability improvements.
· Represent the Savings product team in operational forums and ensure frontline impacts are considered in business decisions.

Qualifications

Experience & Knowledge
· 3+ years of experience in retail banking product management, product operations, business analysis, operations, process improvement, or a related field; financial services experience is strongly preferred.
· Knowledge of retail banking frontline and servicing operations is an asset; familiarity with frontline systems, workflows, and escalation processes is a strong asset.
· Experience translating business and operational needs into requirements, process improvements, controls, reporting, or technology-enabled solutions.
· Experience with product policy, pricing, risk management, operational issue management, and cross-functional delivery.
· Experience developing dashboards, management reporting, performance measures, and executive-ready insights.
· Experience working with large or complex datasets and investigating data, process, or system issues.

Technical Skills
· Advanced Microsoft Excel skills, including complex formulas, PivotTables, data validation, data modelling, Power Query, and automation; VBA or macro experience is an asset.
· Working knowledge of SQL or another data-querying or programming language, with the ability to extract, reconcile, analyze, and validate data.
· Hands-on experience creating dashboards and visual reporting using Microsoft Power BI or a comparable business intelligence tool.
· Experience with Microsoft Power Automate and other Microsoft 365 tools to automate workflows and improve team productivity.
· Ability to learn complex products, processes, data, and system environments quickly and apply that knowledge to practical business problems.

Core Capabilities
· Strong analytical, problem-solving, and root-cause analysis skills, with a bias toward practical, scalable solutions.
· Strong customer and frontline orientation, with sound judgment in managing complex or sensitive escalations.
· Excellent stakeholder management and influencing skills in a cross-functional environment.
· Clear verbal and written communication skills, including the ability to create concise business cases, process documentation, and executive-level presentations.
· Strong organization, ownership, attention to detail, and ability to manage multiple priorities in a fast-paced environment.
· Continuous-improvement mindset, with a demonstrated interest in using data, technology, and automation to reduce manual effort and improve outcomes.

Salary:

$70,000.00 - $150,000.00
Pay Type:

Salaried
The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: 

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

Employment type: Full-time