Equitable Bank is hiring a

Business Implementation Manager

Toronto, Canada
Full-Time
Join a Challenger

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. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.
 
We are a big (and growing!) family. Overall we serve more than 370,000 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 5 million members. Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our EQ Bank platform (eqbank.ca) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists. 


Purpose of Job:
The Business Implementation Manager will be responsible for supporting the Senior Manager, Personal Banking Payments and bring to the market a variety of exciting payments products for Equitable Bank. This key role will be at the center of managing the execution of the payments roadmap across large internal and external cross-functional teams and improve competitive position of the digital Bank, ultimately furthering Equitable’s position as “Canada’s Challenger Bank”. The role will focus on EQ Bank’s suite of payment products including EFT, Interac e-Transfer, EQ to EQ Transfer, Bill Payment, Payments Card and BIN Sponsorship. This role will also contribute to the overall strategy and execution of the Payments roadmap.

Main Activities and responsibilities:

  • Support development and successful market launch of high visibility payments products and features for the digital bank
  • Contributes to development of execution strategy by effectively collaborating with internal and external stakeholders
  • Develops and manages the execution plan, including budget and resource requirements. Able to identify and escalate issues or risks to ensure timely resolution
  • Works with the Product owners to define the objective, scope, and implementation plan
  • Contribute to product backlog refinement, resourcing assessment,
  • Secures proper documentation and sign-off from relevant parties.
  • Communicates the progress to stakeholders throughout the design and implementation stage.
  • Oversees all related activities and ensures accurate and timely completion includes planning, execution, rollout and post-launch activities
  • Works with operations or other support teams to manage escalation and resolve issues
  • Provides support with any customer concerns
  • Work closely with cross-functional stakeholders within the digital bank as part of product execution (i.e. Product, Technology, Marketing, Customer Experience, Operations, Contact Center, Finance, etc.)
  • Review and help shape service & licensing agreements with external vendors, program managers & payments networks
  • Manage relationships with external partners as well as payment networks
  • Assist in the monitoring performance of the Payments products and key product measures, identify actions necessary and lead corrective actions
  • Ensure that the Payments programs reflect the external market needs, align internally with EQ policies and is in compliance with business & regulatory risk (AML, KYC, ATF) requirements
  • Develop an understanding of the Payments industry, competition, and suggest recommendations to the product suite and for external partnerships accordingly

Knowledge/Skill Requirements:

  • 5+ years of work experience, ideally minimum 1-2 years in a Payments role across any of the following: payments technology, credit cards, prepaid cards, and/or digital banking
  • Bachelor degree in Business Administration, Engineering, Math or related field
  • Strong business acumen and passion for building and launching new products in the market and developing forward-thinking solutions for consumers in retail payments financial services
  • Prior experience supporting project implementations and managing tasks across cross-functional teams to ensure implementation stays on budget and meets timelines
  • Strong verbal and written communication skills, ideally with 1+ year of experience synthesizing analyses and preparing corporate presentations for senior executives
  • Experience with designing new processes and willingness to question the status quo to find areas for process and cost optimization
  • Awareness of key trends in payments & financial services, particularly related to digital banking & fintech landscape.
  • Nice to have 1+ years’ of experience building, modifying, and running excel based business scenarios and predictive models
  • Experience, confidence, and maturity managing internal and external stakeholders
  • Proficient in using MS Office (Excel, Access, PowerPoint, Project).
  • Strong attention to detail and time management skills

Job Complexities / Thinking Challenges:

  • Mature, confident, personable, professional presence
  • Ability to work in ambiguously defined situations with some supervision on complex tasks that require critical thinking
  • Able to complete work efficiently and to agreed timescales, working smart and seeking to automate & streamline tasks
  • Adaptable to manage competing workloads - building in sufficient contingency to achieve multiple tight deadlines
  • Ability to quickly become a subject matter expert on foreign concepts to take ownership of certain projects or work streams
  • Excellent interpersonal skills, with proven track record of developing relationships and maturity to interact with various teams across an organization
  • Problem solver with sound judgment who takes initiative, accepts ownership and accountability and is able to articulate under pressure or scrutiny
  • Proven ability to undertake complex analyses whilst presenting simple and clear results and insights relevant
  • Ability to translate complex business problems into financial models in an accurate and pragmatic manner
  • Independent, self-motivated and enthusiastic

  • Accountability and Key Internal/External Stakeholders:
  • Directly accountable for supporting the Senior Manager, Personal Banking Payments on projects and initiatives
  • Will mostly receive direction and oversight from the Senior Manager but may also receive direction from and present to other Senior Management team members (e.g. Senior Directors, VPs, SVPs.).
  • The incumbent will often work closely with various internal departments (e.g., Product, Tech, Marketing, Customer Experience, Operations, Corporate Development etc.) to gather information and interact with other business unit heads.
  • The incumbent will occasionally need to interact with external stakeholders (e.g., research firms, consulting firms, etc.) to gather data / market intelligence
  • Ownership of financial and numerical analysis and models used to develop Board level business cases or assess new opportunities. Models may be incorporated into the enterprise-wide budget forecast approved by the Board
  • The quantitative and qualitative analysis managed by the candidate will be critical in enabling Digital Banking to make data-driven decisions that will impact future projects and initiatives
  • Regular market/competitor scans managed by the candidate will be crucial in order to identify, track, and monitor market, competitive, and regulatory trends to help identify challenges and opportunities for Digital Banking

What we offer [For full-time permanent roles]
 
💰 Competitive discretionary bonus 
✨ Market leading RRSP match program
🩺  Medical, dental, vision, life, and disability benefits
📝  Employee Share Purchase Plan
👶🏽 Maternity/Parental top-up while you care for your little one
🏝 Generous vacation policy, personal days and even a moving day 
🖥  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 351 King Street East, Toronto, ON.
  
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. 

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
 
We can’t wait to get to know you! 

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