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Bank of Montreal

Runs Canadian and US banks for people and firms

Retail Market President

Retail & Commercial BankingConfirmed live in the last 24 hours
Full-timeAlbuquerque, NM, USAIn-person

About the Job

Requirements

  • Typically 9+ years of relevant experience and a post-secondary degree in a related field of study, or an equivalent combination of education and experience.
  • Previous supervisory or management experience.
  • Expert knowledge of retail banking products and services.
  • Expert knowledge of the competitive marketplace and trends in product offerings.
  • Expert knowledge of branch operational processes and policies.
  • Expert knowledge of branch technologies, processes, and performance metrics.
  • Expert knowledge of applicable regulations, audit standards, and related policies, procedures, and directives.
  • For roles involving regulated securities or insurance activities, including supervision of registered representatives, obtain and maintain applicable licenses and registrations as a condition of employment, which may include Securities Industry Essentials (SIE), State Life & Health Insurance, and one of the following license sets: Series 6, 63, 65, or Series 7, 66.
  • Verbal and written communication skills at an expert level.
  • Analytical and problem-solving skills at an expert level.
  • Influence skills at an expert level.
  • Collaboration and team skills, with a focus on cross-group collaboration, at an expert level.
  • Ability to manage ambiguity.
  • Data-driven decision-making at an expert level.
  • Current Market President, Regional Manager, or District Manager experience is preferred.

Responsibilities

  • Guide, direct, and coach employees to deliver exceptional service to customers and prospects.
  • Understand customer needs and advise on products and strategies that meet financial objectives and serve customers’ best interests.
  • Identify and make referrals to other business groups, and support sales and customer-service activities to meet strategic customer-experience and profitability goals in compliance with legal, regulatory, and Bank requirements.
  • Foster a culture aligned with BMO’s purpose, values, and strategy, role-model BMO values and behaviours, and promote diversity and inclusion.
  • Connect work to BMO’s purpose, set goals and expected outcomes, and ensure accountability for follow-through.
  • Build collaborative teams across functional and operating groups to create value for stakeholders.
  • Attract, retain, and enable the career development of top talent; improve team performance, recognize and reward performance, coach employees, support their development, and manage poor performance.
  • Develop, maintain, and execute a market plan and sales strategies to achieve sales objectives and acquire new clients.
  • Create business-development strategies, collaborate with BMO partners to grow the business, maximize branch revenues, sales, and customer satisfaction, and minimize operating losses.
  • Develop and execute a branch business plan to maximize business growth and wallet share and achieve customer-retention and acquisition objectives.
  • Explore customers’ personal-banking and credit-card needs and integrate marketing promotions and programs into conversations to provide strategic advice in customers’ best interests.
  • Build rapport, credibility, and trust with clients.
  • Address escalated sales or relationship-management issues to retain business and resolve issues for clients.
  • Review and monitor the performance of existing accounts and client relationships.
  • Conduct cold calls to prospective customers to develop new customer relationships.
  • Develop and maintain a community network to enhance the Bank’s visibility and generate referrals; support Bank community involvement and participate in community activities.
  • Maintain high-touch relationships with key market customers, prospects, and centers of influence.
  • Monitor sales processes, customer experiences, sales targets, and performance against plans to identify gaps, issues, and best practices, and implement action plans to improve consistency and results.
  • Advise senior leaders on business decisions and strategic initiatives; develop an expert understanding of business and group challenges and recommend measures to improve organizational effectiveness.
  • Consult to or serve on committees and task forces as needed; act as a subject matter expert on relevant regulations and policies.
  • Influence and negotiate to achieve business objectives; identify emerging issues and trends to inform decisions.
  • Set long-range team priorities and lead development of sales, service, and people strategies that drive sales results.
  • Recommend business priorities, advise on resource requirements, and develop roadmaps for strategic execution.
  • Implement, review, and revise work plans; independently analyze and assess strategic issues.
  • Serve as the primary contact for internal and external stakeholders, which may include regulators.
  • Work with internal stakeholders and colleagues to leverage sales, fulfillment, and referral opportunities, improve share of wallet, acquire customers, and provide full financial services; ensure stakeholder alignment.
  • Break down strategic problems and analyze data to provide insights and recommendations.
  • Collaborate across BMO on communications strategies and ensure consistent messaging to influence or change behaviour.
  • Communicate goals, plans, and assignments to achieve financial and customer-service goals.
  • Lead implementation of new programs, products, and processes within the branch; lead operational programs and adapt execution to ensure quality.
  • Coordinate national and regional sales and service initiatives; assess and adapt operational programs and develop new capabilities for ongoing success.
  • Recommend opportunities to improve the branch network.
  • Plan and control unit operating expenses in accordance with forecasts.
  • Deliver exceptional customer service, address customer needs in their best interests, and resolve complex or unresolved situations or escalate them to the next higher manager.
  • Maintain current knowledge of personal banking and credit-card industries, practices, and trends and integrate that knowledge into customer conversations.
  • Build effective relationships with internal and external stakeholders.
  • Maintain confidentiality of customer and Bank information.
  • Identify and report suspicious patterns of activity suspected to be related to money laundering.
  • Comply with all legal and regulatory requirements for the jurisdiction.
  • Operate at a group or enterprise-wide level as a senior specialist resource across BMO and influence how teams and groups work together.
  • Apply expertise and creative thinking to ambiguous situations and complex, interdependent problems; communicate abstract concepts in simple terms.
  • Build internal and external networks and work across teams to achieve business objectives; anticipate trends and implement appropriate changes.
  • Perform other broader work or accountabilities as assigned.
  • Take measured risks while protecting the Bank by applying the Risk Management Framework and Risk Culture within approved Risk Appetite, making sound, risk-informed decisions aligned with business strategy and applicable policies, standards, procedures, supporting documents, laws, and regulations.

Desired Qualifications

  • Current Market President, Regional Manager, or District Manager experience.

About the Company

Bank of Montreal

Runs Canadian and US banks for people and firms

Bank of Montreal, known as BMO, runs a Canadian bank and a large American bank, serving households and businesses on both sides of the border. Until the Bank of Canada opened in 1935, it acted as the Canadian government's banker. People use its branches and apps for accounts, mortgages, credit cards, and investments, while companies borrow from it and turn to its BMO Capital Markets arm to raise money and trade securities. BMO makes money on the gap between the interest it charges on loans and pays on deposits, plus fees from managing wealth and advising on deals. Bank of Montreal was founded in 1817 as Canada's first bank, and it keeps its legal head office in Montreal and its executive offices in Toronto, Canada.

Company size
10,001+
Company stage
IPO
Headquarters
Toronto, Canada
Founded
1817

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