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Personal & Business Banking Development Program

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BMO

Sep 10, 2024

  • Job
    Full-time
    Entry & Junior Level
  • Data
    Product
  • Toronto
  • Quick Apply

AI generated summary

  • You must build relationships, analyze data, design analytics solutions, produce reports, collaborate with stakeholders, improve processes, and manage risks while working independently on complex tasks.
  • You will support product strategy, manage risks, leverage analytics for insights, and help execute data solutions to enhance banking products and customer experience.

Requirements

  • - Builds effective relationships with internal/external stakeholders.
  • - Leads/participates in the design, implementation, and management of new analytics & reporting solutions.
  • - Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
  • - Collaborates with internal and external stakeholders to deliver on business objectives.
  • - Analyzes data and information to provide subject-matter insights and recommendations.
  • - Recommends and implements solutions based on analysis of issues and implications for the business.
  • - Designs, develops, and implements innovative analytical solutions.
  • - Designs and produces regular and ad-hoc reports, and dashboards.
  • - Breaks down strategic problems, and analyses data and information to provide subject matter insights and recommendations.
  • - Structures and assembles data into multi-dimensions with various granularities (e.g., demographics, customers, products, transactions).
  • - Monitors and tracks tool performance, user acceptance testing, and addresses any issues.
  • - Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
  • - Builds reports and visualizations to effectively communicate data driven insights to users for a variety of audiences e.g. visualization solutions of data into reports, graphics, dashboards to illustrate facts, trends, and insights.
  • - Supports development and execution of strategic analytics & reporting initiatives in collaboration with internal and external stakeholders.
  • - Documents and maintain operational procedures and processes relating to analytical and reporting processes.
  • - Builds effective relationships with internal/external stakeholders.
  • - Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
  • - Exercises judgment to identify, diagnose, and solve problems within given rules.
  • - Works independently on a range of complex tasks, which may include unique situations.
  • - Continuously improves processes to identify issues and deliver optimal customer experience.
  • - Works with partners to develop salesforce training and materials and manages change.
  • - Identifies existing and potential risks and develops risk management controls and processes.
  • - May support the sales team in development of client deals and related presentations.
  • - Develops and maintains relationships with external partners and vendors.
  • - Broader work or accountabilities may be assigned as needed.

Responsibilities

  • Support development and implementation of product strategies to drive sales of existing banking products, launch new products to market, optimize profitability and improve the customer experience.
  • Support management of product risks to ensure compliance with legal, regulatory, and risk compliance, and reporting.
  • Leverage strong analytical, problem-solving and communication skills to contribute value and grow a network across multiple roles and functions in Canadian Personal & Business Banking, including the Data & Analytics Centre of Excellence, Product Management, Risk Management and Collections.
  • Help plan and deploy data & analytics solutions to improve issue understanding, generate insights and enable high-quality, fact-based decisions that drive better business outcomes.
  • Support the development and execution of various data & analytics-related strategies and roadmaps, including data quality and data analytics, reporting, business intelligence, modeling and the design and development of decision support tools.

FAQs

What is the duration of the Personal & Business Banking Development Program?

The program is a 2-year rotational program designed to accelerate knowledge and personal development.

What will I be working on during the program?

Participants will work alongside banking product, analytics, and risk leaders to build a solid understanding of how BMO’s Personal and Business Banking segment operates and interacts.

What is the salary range for this position?

The salary range is $54,500.00 - $101,500.00, varying based on factors such as location, skills, experience, education, and qualifications.

What qualifications are required for this role?

A graduate or undergraduate degree in Business/Commerce, Data & Analytics, Risk Management, Economics, Engineering, Finance, and/or Mathematics is required, along with work experience (including Coop and/or Internship placements).

Are there any preferred skills for this position?

Yes, technical proficiency in data preparation and analysis, familiarity with data analytics tools (like MS Power BI, Tableau, SQL, R, Python), and strong analytical and problem-solving skills are preferred.

What kind of benefits does BMO offer?

BMO offers a total compensation package that may include performance-based incentives, discretionary bonuses, health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

Will I have opportunities for growth and development in this role?

Yes, BMO provides in-depth training, coaching, manager support, and network-building opportunities to help you gain valuable experience and broaden your skillset.

Is there a focus on collaboration in the Personal & Business Banking Development Program?

Yes, the program emphasizes collaboration with internal and external stakeholders to deliver on business objectives.

What is the key accountability for this role?

Key accountabilities include supporting the development and implementation of product strategies, managing product risks, and leveraging data and analytics to drive insights and decision-making.

Does BMO have a commitment to diversity and inclusion?

Yes, BMO is committed to creating an inclusive, equitable, and accessible workplace, valuing differences and perspectives among its people.

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BMO

Finance
Industry
10,001+
Employees
1817
Founded Year

Mission & Purpose

At BMO, banking is our personal commitment to helping people at every stage of their financial lives. The truth is, people’s needs change: so we change too. But we never change who we are. Which means we’ll never waiver from providing our customers the best possible banking experience in the industry. Our incredible team of over 46,000 people is just the tip of the iceberg. You should get to know us. We’re here to help.