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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-timeNorthbrook, IL, USAIn-person

About the Job

Requirements

  • Typically 9 or more 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.
  • Where the role includes regulated securities or insurance activities, including supervision of registered representatives, obtain and maintain applicable licenses and registrations as a condition of employment. These may include Securities Industry Essentials (SIE), State Life & Health Insurance, and Series 6, 63, 65, or Series 7 and 66 licenses.
  • Extensive industry knowledge as a seasoned expert.
  • Technical leadership and thought leadership for innovation.
  • Expert verbal and written communication skills.
  • Expert analytical and problem-solving skills.
  • Expert influence skills.
  • Expert collaboration and team skills, with a focus on cross-group collaboration.
  • Ability to manage ambiguity.
  • Expert data-driven decision-making skills.

Responsibilities

  • Guide, direct, and coach employees to deliver exceptional service to customers and prospects.
  • Understand customer and prospect needs to provide sales and service in their best interests; advise customers on products and strategies that meet their financial objectives; 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 applicable requirements and policies.
  • Foster a culture aligned with the organization’s purpose, values, and strategy, and model its values and behaviours.
  • Ensure alignment between values and behaviours that fosters diversity and inclusion.
  • Connect work to the organization’s purpose, set goals, define 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.
  • Develop, maintain, and execute a market plan, including sales strategies, to achieve sales objectives and acquire new clients.
  • Create business development strategies; collaborate with 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 share of wallet and achieve customer retention and acquisition objectives.
  • Understand customers’ personal banking and credit card needs and integrate marketing promotions and programs into customer conversations to provide strategic advice.
  • Develop rapport and confidence with clients to establish credibility and trust.
  • Address escalated sales or relationship-management issues to retain business and resolve issues in the client’s interest.
  • Review and monitor the performance of existing accounts and client relationships.
  • Conduct cold calls to prospective customers to develop new 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 market customers, prospects, and centers of influence.
  • Reinforce sales processes and client experiences; monitor sales and performance targets against plans to identify gaps, issues, and best practices and sustain consistent service.
  • Advise senior leaders on business decisions and implementation of strategic initiatives.
  • Develop an expert understanding of business and group challenges.
  • 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 decision-making.
  • Develop a long-range vision for the team’s business goals, establish priorities, and lead the development of sales, service, and people strategies that drive sales results.
  • Recommend business priorities, advise on resource requirements, and develop a roadmap for strategic execution.
  • Implement, review, and revise work plans.
  • Conduct independent analysis and assessment to resolve strategic issues.
  • Act as the primary contact for internal and external stakeholder relationships, which may include regulators.
  • Work with internal stakeholders and colleagues to leverage sales, fulfillment, and referral opportunities to improve share of wallet, acquire customers, and provide full financial services.
  • Ensure alignment between stakeholders.
  • Monitor sales and service performance against plans, identify gaps and best practices, and develop and implement action plans to close performance gaps and resolve issues.
  • Analyze strategic problems, data, and information to provide insights and recommendations.
  • Collaborate across the organization to develop communications strategies and ensure consistent messaging that positively influences or changes behaviour.
  • Communicate goals, plans, and assignments to achieve financial and customer service goals.
  • Lead implementation of new programs, products, and processes within the branch.
  • Establish priorities and lead the team in developing sales, service, and people strategies that drive sales results.
  • Lead execution of operational programs and assess and adapt them to ensure quality of execution.
  • Coordinate implementation of national and regional sales and service initiatives.
  • Assess and adapt existing operational programs and develop new capabilities to ensure ongoing success.
  • Recommend opportunities to drive improvements across the branch network.
  • Plan and control unit operating expenses in accordance with forecasts.
  • Deliver exceptional customer service and address customer needs in their best interests.
  • 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 it into customer conversations.
  • Build effective relationships with internal and external stakeholders.
  • Maintain the confidentiality of customer and bank information.
  • Identify and report suspicious activity patterns suspected to relate to money laundering.
  • Comply with all legal and regulatory requirements for the jurisdiction.
  • Operate at a group or enterprise-wide level and serve as a senior specialist resource across the organization.
  • Influence how teams and groups work together.
  • Apply expertise and creative thinking to address unique or ambiguous situations and solve 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.
  • Take measured risks while applying the Risk Management Framework and Risk Culture, staying within approved risk appetite, making sound risk-informed decisions aligned with business strategy, protecting assets, and complying with applicable policies, laws, and regulations.

Desired Qualifications

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

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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