Home Equity Product Manager
BMO U.S., Chicago, IL, United States
Job Description
The Home Equity Product Manager is responsible for supporting the strategic direction and performance of the Home Equity line of business with a strong emphasis on data analytics, policy management, forecasting, quarterly campaign recommendations and execution.
This role uses data-driven insights to identify opportunities, improve product health, guide policy decisions, and support growth initiatives across channels. The position partners extensively with Salesforce, Credit Risk, Finance, Marketing, Operations, and Technology to deliver sustainable portfolio growth while maintaining sound risk controls. The ideal candidate brings a proactive mindset, strong personal drive, and the ability to operate effectively with minimal supervision.
Data Analysis & Competitive Insights
Analyze trends including originations, credit quality, utilization, customer behavior and attributes leveraging Power BI dashboards.
Maintain excel workbooks with graphs and charts to track performance for senior leadership meetings and presentations.
Monitor competitive benchmarks, pricing movements, and market conditions to identify opportunities or emerging risks.
Diagnose performance drivers and present findings with clear, actionable recommendations.
Evaluate impacts of product, pricing, and policy changes through pre/post analytics.
Policy Management & Governance
Lead development, review, and enhancement of Home Equity credit policy and underwriting standards.
Partner with Risk, Legal, and Compliance to ensure adherence to regulatory expectations and internal governance.
Produce business cases for policy modifications supported by data analysis, risk assessment, and financial impact modeling.
Manage cross‑functional rollout of policy changes including documentation, communication, and change management.
Ensure consistent application of policy across channels and operational workflows.
Quarterly Campaign & Execution
Partner with Marketing and Channel teams to design and execute quarterly Home Equity campaigns aimed at acquisition, utilization, and/or cross‑sell.
Identify target segments using portfolio analytics and customer insights.
Define success metrics, develop test‑and‑learn strategies, and measure campaign performance.
Provide insights and recommendations to optimize future campaigns.
Forecasting & Strategic Planning
Develop the annual business plan for all regions, segments and channels to meet growth objectives.
Complete quarterly reforecasting based on actual performance data to provide insights, recommendations and resourcing needs.
Required Qualifications
Bachelor’s degree in Business, Finance, Economics, Data Analytics, or related field.
5+ years of experience in consumer lending or product management (Home Equity preferred).
Strong analytical skills with expertise in Excel, Power BI, or similar tools.
Solid understanding of credit risk principles, consumer lending policies, and forecasting methodologies.
Ability to turn complex data into clear, compelling insights for diverse audiences.
Strong communication, cross‑functional partnership, and presentation skills.
Core Competencies
Data‑Driven Decision Making
Policy Development & Governance
Strategic Forecasting
Financial & Risk Acumen
Cross‑Functional Collaboration
Communication & Influence
Analytical Problem Solving
Execution & Results Focus
Salary $74,000.00 - $138,000.00
Pay Type Salaried
Legal Information BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance‑based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.
To view more details of our benefits, please visit https://jobs.bmo.com/global/en/Total-Rewards
About Us At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in‑depth training and coaching, to manager support and network‑building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
Equal Opportunity Employer BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e‑mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
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This role uses data-driven insights to identify opportunities, improve product health, guide policy decisions, and support growth initiatives across channels. The position partners extensively with Salesforce, Credit Risk, Finance, Marketing, Operations, and Technology to deliver sustainable portfolio growth while maintaining sound risk controls. The ideal candidate brings a proactive mindset, strong personal drive, and the ability to operate effectively with minimal supervision.
Data Analysis & Competitive Insights
Analyze trends including originations, credit quality, utilization, customer behavior and attributes leveraging Power BI dashboards.
Maintain excel workbooks with graphs and charts to track performance for senior leadership meetings and presentations.
Monitor competitive benchmarks, pricing movements, and market conditions to identify opportunities or emerging risks.
Diagnose performance drivers and present findings with clear, actionable recommendations.
Evaluate impacts of product, pricing, and policy changes through pre/post analytics.
Policy Management & Governance
Lead development, review, and enhancement of Home Equity credit policy and underwriting standards.
Partner with Risk, Legal, and Compliance to ensure adherence to regulatory expectations and internal governance.
Produce business cases for policy modifications supported by data analysis, risk assessment, and financial impact modeling.
Manage cross‑functional rollout of policy changes including documentation, communication, and change management.
Ensure consistent application of policy across channels and operational workflows.
Quarterly Campaign & Execution
Partner with Marketing and Channel teams to design and execute quarterly Home Equity campaigns aimed at acquisition, utilization, and/or cross‑sell.
Identify target segments using portfolio analytics and customer insights.
Define success metrics, develop test‑and‑learn strategies, and measure campaign performance.
Provide insights and recommendations to optimize future campaigns.
Forecasting & Strategic Planning
Develop the annual business plan for all regions, segments and channels to meet growth objectives.
Complete quarterly reforecasting based on actual performance data to provide insights, recommendations and resourcing needs.
Required Qualifications
Bachelor’s degree in Business, Finance, Economics, Data Analytics, or related field.
5+ years of experience in consumer lending or product management (Home Equity preferred).
Strong analytical skills with expertise in Excel, Power BI, or similar tools.
Solid understanding of credit risk principles, consumer lending policies, and forecasting methodologies.
Ability to turn complex data into clear, compelling insights for diverse audiences.
Strong communication, cross‑functional partnership, and presentation skills.
Core Competencies
Data‑Driven Decision Making
Policy Development & Governance
Strategic Forecasting
Financial & Risk Acumen
Cross‑Functional Collaboration
Communication & Influence
Analytical Problem Solving
Execution & Results Focus
Salary $74,000.00 - $138,000.00
Pay Type Salaried
Legal Information BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance‑based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.
To view more details of our benefits, please visit https://jobs.bmo.com/global/en/Total-Rewards
About Us At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in‑depth training and coaching, to manager support and network‑building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
Equal Opportunity Employer BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e‑mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
#J-18808-Ljbffr