Group Product Manager, Virtual Account Management

What You'll Be Doing As a Group Product Manager within the Liquidity Products and Accounts Services team, you will be supporting the Senior Director in achieving business objectives, and managing the relationship with various partners throughout the bank for all facets of the product management lifecycle and projects related to Virtual Account Management & Liquidity Products. You will lead in the development, management, presentation and implementation of Virtual Account Management solutions, including tactics that will build the business and optimize profitability, efficiency, growth and improve the client experience. You will also serve as the point person on a variety of overarching projects across Transaction Banking. At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview. How You'll Succeed • Product Development - Responsible for leading and supporting end-to end development of Virtual Account Management solution. From design, development, testing, launch and ongoing product optimization. This role works closely with other Payments, Channels and Billing Product partners, cross functional stakeholders to deliver client centric solutions that aligns with the bank's strategic objective, meet regulatory and risk requirements and drive sustainable business growth. • Product Management - Take ownership of the assigned product portfolio, focusing on maximizing market share and profitability of products through collection of revenue, regular competitive reviews and cost management. Develop product roadmaps and recommendations for consideration by management and subsequent incorporation into Transaction Banking's overall business plan. Defining criteria to monitor on-going compliance to established service level agreements, and ensuring service levels meet or exceed the client's expectations and the standards of key major competitors with reasonable consistency. Communicate business strategy and initiative updates to large groups of stakeholders via presentation formats to deliver clear, concise and effective communication. • Collaboration - Act as a focal point for product and market information for the assigned product portfolio, providing specialized support for key client solutions during the sales cycle. Provide subject matter expertise to various internal business partners in order to support key stakeholders, business cases, requirement documents, product collateral and communications. Contribute to strategy, annual business plans, development of recommendations and business cases for programs supporting Commercial Banking clients. • Project Management & Continuous Improvement - Accountable for delivery of key initiatives related to your assigned product portfolio. Lead in the development of options and proposals for projects related to product enhancements and developments and make recommendations regarding impact, effectiveness and feasibility. Develop recommendations inclusive of research market activities to ensure timely and comprehensive knowledge of technology, target market segments, and key clients is reflected. Who You Are • You can demonstrate experience in Virtual Account Management and Liquidity, with preferred experience in Liquidity related Products. You have strong knowledge of strategic planning with demonstrated project delivery skills and understanding of our network and operations. • You think and act as a Product owner. You take full responsibility for how clients interact with financial services products. You are constantly thinking about how to improve the client experience and possess the drive and demonstrated ability to take the necessary measures to achieve these goals. • You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You have strong command of Microsoft Word, Excel, PowerPoint. • You give meaning to data. You have strong analytical skills, and are able to understand and draw conclusions from data. You are experienced in building financial models and conducting/understanding credit risk analysis • You're driven by collective success. You value building effective working relationships and 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 put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do. #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 Job Location Toronto-81 Bay, 12th Floor Employment Type Regular Weekly Hours 37.5 Skills Analytical Thinking, Data Analysis, Leadership, Market Research, Product Analysis, Product Development, Product Management, Product Planning, Product Pricing, Strategic Objectives