Director, Product Management, Insurance
Director, Product Management, Insurance
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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
As a member of CIBCs Insurance team the Director Product Management will be responsible for developing and executing strategic initiatives on a range of business product lines. Youll be exercising a high degree of independent judgement providing leadership for business consulting information architecture activities and deliverables for a team delivering projects. As a Director youll develop and maintain internal relationships across the organization in and outside of technology including negotiating and influencing addition youll provide sophisticated analysis of complex business information and makes comprehensive recommendations to management including executives and business leaders. Youll drive innovation across areas of responsibility apply expert interpersonal communication and problem-solving skills.
At CIBC we enable the work environment most optimal for you to thrive in your role. Youll have the flexibility to manage your work activities within a hybrid work arrangement where youll spend 1-3 days per week on-site while other days will be remote.
How youll succeed
Strategy and planning Contribute to long-term strategy for the business in collaboration with the Senior Director and other business leaders. Perform in-depth analysis for the purpose of identifying opportunities developing strategic proposals and competitive strategies and targets the product offering with the objective of increasing business revenue competitiveness growing market share and reducing operational costs. Collaborate with internal partners to oversee communicate and align business plans and ensure delivery on strategy and plans.
Product development - Lead and provide direction for the product vision. Oversee development options and proposals related to development or enhancements of specific products or services assessing the impact effectiveness and feasibility of proposed changes and making authoritative recommendations. Responsible for the overall design development and implementation of new products and product plans.
Product p&l ownership - Take full accountability for the financial outcomes of an insurance product portfolio including revenue profitability cost management and ongoing optimization Collaborate with Finance and distribution teams to develop review and adjust quarterly and annual business financial performance identify trends and variances and implement management actions to achieve pricing underwriting and product strategies are optimized to maximize both top-line growth and bottom-line results.
Risk and compliance - Integrate risk assessment into all business decisions maintaining robust controls and ensuring compliance throughout the product identify and address issues by working risk management and compliance teams.
Who you are
You act like an owner. You thrive when youre empowered to take the lead go above and beyond and deliver results.
You are driven by results. You are driven by results and self-motivated to make a meaningful impact on both the business and the people.
Your influence makes an impact. You know that relationships and networks are essential to success. You inspire and enable outcomes by making yourself heard.
You put our clients first. You engage with purpose to find the right solutions. You go the extra mile because its the right thing to do.
You embrace and champion change. Youll continuously evolve your thinking and the way you work in order to deliver your best.
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.
Youre driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
You are curious and forward-thinking. You actively seek out new ideas technologies and approaches. You challenge the status quo and are always looking for ways to innovate and improve anticipating future needs and opportunities.
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-81 Bay 24th FloorEmployment Type
RegularWeekly Hours
37.5Skills
Business Planning Collaboration Communication Financial Modeling Innovation Insurance Underwriting Leadership Portfolio Management Pricing Strategies Product Development Product Management Product Pricing Project Management Relationship Building TeamworkRequired Experience:
Director
Employment Type
Full-Time
