Director, Money Movement Products - Retail Payments, Canadian Banking

Scotiabank; Toronto; On-site; CAD 150,000 - 200,000; Full time

Job summary

A leading bank in the Americas is seeking a Director, Money Movement Products for its Toronto office. The ideal candidate will lead product strategy and management for debit and money movement products while ensuring compliance with banking standards. With over 10 years of experience preferred, the role involves collaborating with partners, developing strategies for growth, and leading a high-performance team. Competitive compensation and an inclusive work culture are offered.

Benefits

Competitive compensation and benefits package

Recognition and rewards for high performance

Opportunities for career progression

Qualifications

• 10+ years of experience in payments product strategy and product management.
• Strong understanding of the payments, eCommerce, digital banking, and financial technology landscape.

Responsibilities

• Lead the evolution of the product strategy for debit and money movement products.
• Oversee product development and management for various payment solutions.

Skills

Payments product strategy

Product management

Strong communication skills

Strategic thinking

Education

Bachelor’s degree in business, engineering, or finance

MBA

Job description

Overview

Director, Money Movement Products - Retail Payments, Canadian Banking

Requisition ID: 240891

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Responsibilities

• Lead the evolution of the product strategy for debit and money movement products to deepen primacy.
• Oversee product development and management for the suite of products, solutions, services and features related to Interac Debit, Interac Flash, Interac Direct, Interac etransfer, Visa Debit, Visa Direct, account-based transfers, money in solutions, bill payments and emerging account-based payments solutions.
• Collaborate with payment network and infrastructure partners and technology companies to deliver products and solutions.
• Develop a deep understanding of client usage drivers and performance; create a roadmap to drive transaction growth.
• Manage the P&L to grow and optimize the financial performance of the portfolio.
• Lead a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates the team; foster an inclusive work environment; communicate vision/values/business strategy; manage succession and development planning.
• Incorporate the Bank’s risk appetite and risk culture into day-to-day activities and decisions.
• Ensure effective and efficient operations in accordance with Scotiabank’s Values, Code of Conduct and Global Sales Principles; maintain adequate day-to-day business controls to meet obligations related to operational, compliance, AML/ATF/sanctions and conduct risk.

Qualifications

• 10+ years of experience in payments product strategy and product management
• Strong understanding of the payments, eCommerce, digital banking, and financial technology landscape
• Strong strategic thinking, leadership, analytical and communication skills
• Bachelor’s degree in business, engineering, or finance. MBA preferred

What's in it for you?

• Opportunity to join a forward-thinking organization with a collaborative team of innovative thinkers.
• Competitive compensation and benefits package.
• Organization committed to making a difference in communities—for you and clients.
• Recognition and rewards for high performance; leadership support through development conversations and internal training.
• Clear, transparent criteria to progress in your career.

Working Conditions

• This role is located at our downtown Toronto, ON, Canada office. Standard office-based environment; non-standard hours may be required to meet business objectives. Limited travel required.

Location: Canada, Ontario, Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.