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Bank of Montreal

Runs Canadian and US banks for people and firms

Branch Manager

Retail & Commercial BankingPosted on Nov 13
Full-timeToronto, ON, CanadaIn-person

About the Job

Requirements

  • Typically, candidates have 5 to 7 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 is required.
  • In-depth knowledge of retail banking products and services is required.
  • In-depth knowledge of the competitive marketplace and trends in product offerings is required.
  • In-depth knowledge of all branch operational processes and policies is required.
  • In-depth knowledge of branch technologies, processes, and performance metrics is required.
  • In-depth knowledge of applicable regulations, audit standards, and related policies, procedures, and directives is required.
  • Deep knowledge and technical proficiency gained through extensive education and business experience are required.
  • In-depth verbal and written communication skills are required.
  • In-depth collaboration and team skills are required.
  • In-depth analytical and problem-solving skills are required.
  • In-depth influence skills are required.
  • In-depth data-driven decision-making skills are required.
  • Candidates must maintain confidentiality of customer and Bank information and comply with applicable legal and regulatory requirements.
  • Candidates must identify and report suspicious patterns of activity suspected to be related to money laundering.

Responsibilities

  • Guide, direct, and coach employees to deliver exceptional service to customers and prospects.
  • Understand customer and prospect needs and advise on products and strategies that support their financial objectives and 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 and regulatory requirements and Bank policies and processes.
  • Foster a culture aligned with BMO’s purpose, values, and strategy, model BMO values and behaviours, and promote diversity and inclusion.
  • Connect work to BMO’s purpose, set inspirational goals and clear expected outcomes, and ensure accountability for follow-through.
  • Build interdependent teams that collaborate 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.
  • Create business development strategies in collaboration with BMO partners to grow the business, maximize branch revenues and 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.
  • Probe to understand customers’ personal banking and credit card needs and integrate marketing promotions and programs into customer conversations to provide strategic advice in their best interests.
  • Conduct cold calls to prospective customers to develop new customer relationships.
  • Develop and maintain a community network to enhance the Bank’s visibility and build referral sources for potential business; support the Bank’s community involvement and participate in community activities.
  • Maintain high-touch relationships with key branch customers and prospects in the market.
  • Resolve customer-related issues using knowledge of bank services, products, and processes; fulfill sales and service activities in accordance with approved procedures.
  • Recommend and implement solutions based on analysis of issues and their business implications, and assist in developing strategic plans.
  • Build the branch business plan, influence and negotiate to achieve business objectives, identify emerging issues and trends, implement, review, and revise work plans, and help determine business priorities and execution sequence.
  • Conduct independent analysis and assessment to resolve strategic issues.
  • Work with internal stakeholders and colleagues to leverage sales, fulfillment, and referral opportunities, improve share of wallet, acquire new customers, and provide full financial services to customers; ensure alignment between stakeholders.
  • Monitor sales and service performance against plan, identify gaps, issues, and best practices, and develop and implement action plans to close gaps and resolve issues.
  • Break down strategic problems and analyze data and information to provide insights and recommendations.
  • Communicate goals, plans, and assignments to achieve financial and customer service goals.
  • Lead implementation of new programs, products, and processes within the branch, and coordinate implementation of national and regional sales and service initiatives.
  • Monitor service request and problem resolution processes for adherence to national standards.
  • Provide technical training and support to branch employees to maintain operational and sales effectiveness, and recommend improvements.
  • Plan and control unit operating expenses in accordance with forecasts.
  • Manage transactional outcomes for customer calls or defer them to appropriate internal business groups; resolve complex or unresolved customer situations or escalate them to the next higher manager.
  • Maintain current knowledge of personal banking and credit card industries, practices, and trends and integrate this knowledge into customer conversations.
  • Build effective relationships with internal and external stakeholders.
  • Apply the Risk Management Framework and Risk Culture within approved Risk Appetite, making informed decisions aligned with business strategy, protecting assets, and complying with applicable policies, laws, and regulations.
  • Provide specialized consulting, analytical, and technical support; exercise judgment to identify, diagnose, and solve problems within given rules; work independently and regularly handle non-routine situations.

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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