Director Retail Checking Products

$128,000 - $238,000/Yr

BMO - Chicago, IL

Full-time - Senior

Chicago, IL

Credit Intermediation and Related Activities

About the position

The Director of Retail Checking Products is responsible for researching, defining, and implementing sales and marketing strategies for banking products, with a focus on improving customer experience and managing product performance. This role involves collaboration with internal partners, market analysis, risk management, and leading strategic initiatives to achieve business goals. The director will also foster a culture of diversity and inclusion while mentoring and developing top talent within the team.

Responsibilities

• Research, define, and implement sales and marketing strategies for banking products.
• Conduct market research, forecasting, pricing, and competitive analysis.
• Monitor product performance and develop solutions to improve customer experience.
• Manage product risks in compliance with legal and regulatory requirements.
• Collaborate with internal partners to take products to market.
• Build and lead interdependent teams to create value for stakeholders.
• Act as a trusted advisor to senior leaders for business decisions and strategic initiatives.
• Develop sales strategies and growth metrics to achieve sales objectives.
• Oversee the development of business analytics and insights for decision-making.
• Lead change management programs and operational initiatives.

Requirements

• Typically 9+ years of relevant experience in banking or related field.
• Strong experience with consumer and commercial credit products.
• In-depth knowledge of product delivery infrastructure and interdependencies.
• Expertise in risk management associated with product development.
• Strong analytical and problem-solving skills.
• Excellent verbal and written communication skills.

Nice-to-haves

• Experience in product marketing and negotiation skills.
• Knowledge of software and systems architecture.
• Ability to manage ambiguity and make data-driven decisions.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans