Director, Product Development, Alternate Solutions Group
Director, Product Development, Alternate Solutions Group
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Job Description
Were building a relationship-oriented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats right for our clients.
At CIBC we embrace your strengths and your ambitions so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC please visit
What Youll Be Doing
Join the Alternate Solutions Group (ASG) as a Director of Product Development and make a real difference for our clients. Within CIBC Global Markets the Alternate Solutions Group was launched in 2013 with a mandate to develop innovative and creative technology-driven capital markets solutions. This group is an unconventional capital markets organization that combines the innovative spirit and agility of a FinTech startup with the financial strength and strong governance protocol of a major financial institution. ASG has been recognized as a global leader in providing disruptive technological capital markets solutions in several product areas including Cross Border Payments Dynamic Currency Conversion Foreign Cash & Precious Metals Online and white labeling thereof. ASGs client base stretches from some of the largest banks in the world to corporates to CIBCs retail clients.
We are hiring on the Global Payment Services (GPS) team. This team helps clients across many industry verticals with cutting edge solutions to facilitate international payments and foreign exchange.
In this role you will directly support the Global Money Transfer (GMT) product line enabling millions of clients to send payments to over 130 countries. You will focus on developing core functionality that ensures seamless cost-effective and near real-time movement of money in and out. We are looking for a high-energy individual with an entrepreneurial spirit to help grow our Global Money Transfer business. You will thrive in a fast-paced environment as part of a dynamic results-driven and execution-focused product team dedicated to achieving ASGs overall revenue growth goals. Your key mandate will be to deliver high-value product features enhance user experience and implement process improvements that unlock large-scale growth in users and transactions to achieve business results.
At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work youll be on-site full-time.
How Youll Succeed
Business Planning & Management: You will be responsible for business planning and management by developing and executing product strategies and initiatives that enable ASG to achieve its short-term and long-term goals and objectives. You will meet performance targets that support the overall Global Payment Services plan through data-driven insights and initiatives. Regularly monitoring performance and market trends will be essential for you to provide valuable information that drives decision-making. Additionally you will ensure that all regulatory business and financial reporting is completed accurately and on time.
Leading with Authenticity: You will lead a high-performing team with authenticity through knowledge sharing collaboration and effective problem-solving. You will inspire and support the team in reaching their goals fostering an environment where everyone feels valued and empowered to contribute their best. Your leadership will be instrumental in driving team success and achieving shared objectives.
Collaboration: You will build effective relationships with internal stakeholders including risk technology operations marketing and retail channels to successfully execute initiatives and bring new users capabilities and offerings to market.
Product and Process Improvement: You will seek concrete and practical ways to enhance our product and overall value proposition to clients. You will understand and review our processes identify areas for improvement and propose productivity-enhancing solutions. Additionally you will manage the team through the execution of these initiatives to ensure successful implementation.
Who You Are
You have a Bachelors degree or higher in Finance/Economics Computer Science Mathematics Engineering other related fields or equivalent work experience.
You have at least 5 years of experience working in payments and FinTech product development/management roles.
You have at least 3 years of experience in digital product management portfolios with a specialty in daily banking Canadian deposits interest bearing mechanisms and building requisite financial models.
You have demonstrated interest in Capital Markets. Youve built a strong knowledge of Capital Markets FinTech or the financial services industries which allows you to analyze complex issues and identify & develop innovative opportunities.
You are goal-driven. Youre motivated by the desire to build a thriving new business in a fast-paced and competitive environment with aggressive targets.
You give meaning to data. You enjoy investigating complex problems and making sense of information. Youre confident in your ability to communicate detailed information in an impactful way.
You are a problem solver. You have exceptional critical thinking problem solving and decision making skills with demonstrated ability to independently identify and analyze problems and recommend solutions.
Youre passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You build trust through respect and authenticity.
Youre motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team that enjoys working together can bring a vision to life.
You understand that success is in the details. You notice things that others dont. Your critical thinking skills help to inform your decision making.
You have strong communication and relationship building skills. Working experience in multiple languages an asset. Your ability to communicate effectively across lines of business infrastructure groups and external partners is vital to the success of the business priorities you manage. You also understand strong negotiations and influencing skills will be required to achieve business goals.
You are a bold and accountable leader. You have experience developing and implementing strategic team goals. You can demonstrate experience in effectively developing mentoring and empowering a high performance team.
You have strong business planning and management skills with the ability to create and set business strategies and plans to grow the business and provide value-add to your clients and internal partners.
Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability.
#LI-TA
What CIBC Offers
At CIBC your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career rather than just a paycheck.
We work to recognize you in meaningful personalized ways including a competitive salary incentive pay banking benefits a benefits program* defined benefit pension plan* an employee share purchase plan a vacation offering wellbeing support and MomentMakers our social points-based recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation please contact
You need to be legally eligible to work at the location(s) specified above and where applicable must have a valid work or study permit.
We may ask you to complete an attribute-based assessment and other skills tests (such as simulation coding French proficiency MS Office). Our goal for the application process is to get to know more about you all that you have to offer and give you the opportunity to learn more about us.
Job Location
Toronto-161 Bay St. 4thEmployment Type
RegularWeekly Hours
37.5Skills
Analytical Thinking Business Financial Analysis Financial Markets Strategic OutlookRequired Experience:
Director
Employment Type
Full-Time
