Description
Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada’s Challenger Bank™, and have been around for more than 50 years. Equitable Bank’s wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people’s lives. Our customers have named our EQ Bank digital platform ( eqbank.ca ) one of the top banks in Canada on the Forbes World’s Best Banks list since 2021.
The Associate Product Manager is responsible for supporting a variety of day-to-day responsibilities for the Insurance Lending and Reverse Mortgage businesses. These include new product (or feature) identification and evaluation, reporting & data analysis, operational enhancements, growth/marketing analysis, and leading/supporting on elements of departmental projects. The Associate Product Manager will also help maintain, update, and amend procedure/departmental guidelines and policies as required.
These projects usually involve cross-functional teams and contribute to the overall strategy (or compliance) and direction of the businesses. The incumbent will use their analytical abilities to provide both qualitative and quantitative input supporting the development of recommendations and implementation for Senior Management.
Product Development and Expansion:
Work alongside the Product Manager, underwriters, and Business leads to stay up to speed on competitive and industry landscape
Develop product and industry expertise in the Canadian Insurance Lending and Reverse Mortgage spaces, helping to identify new products and product enhancements to round out the product suite
Perform required analysis (i.e. cost benefit) to determine the reward associated with implementing product additions vs. Lead discovery, business casing, and execution to bring the products to market in a timely manner
Work independently, and act as the “owner” for elements of larger projects and as project lead on other initiatives
Interact with key business stakeholders to ensure that all additions are regulatory compliant, and can be adequately managed by existing resources
CSV and IFA underwriting, reverse mortgage online calculator), working with internal stakeholders and external resources as required through testing and implementation
Prepare and lead business case, and recommendation. Make recommendations to Product Manager, and lead implementation process as applicable
Reporting and Data Analysis:
Own ongoing reporting requirements, sending weekly updates to broader management team
Work alongside Personal Banking Strategy team to continue to refine automated reporting
Identify key insights from reporting data. Recommend strategies, tactics, or other improvements to management when necessary
Lead the analysis of various initiatives, helping to measure and develop marketing strategies and materials, supporting Sales & Marketing
Present data in various formats including excel reports and presentations to help shape marketing and growth strategies
Strategy development and execution:
Support in developing the lending and wealth strategy for personal banking, including quantitative analysis to support forecasts
Own development of materials required for key strategy meetings
Present key insights and recommendations based on research and data analysis
Drive projects forward by managing internal stakeholders, developing output materials and presenting key deliverables
Support Personal Banking’s diligence activities for external opportunities
Bachelor degree in Business Administration, Engineering, Math or related field
~Strong business acumen
~ Proficient in using MS Office (Excel, Access, Power Point)
~ What we offer [For full-time permanent roles]
Medical, dental, vision, life, and disability benefits
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Annual professional development allowance and a comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON .
Equitable Bank is deeply committed to inclusion.
