Job Information
EDC Senior Financial Innovation Lead, Financial Products & Innovation in Ottawa, Ontario
Senior Financial Innovation Lead, Financial Products & Innovation - 0004P9
Posting Date: Jun 12, 2024, 9:49:51 AM
Primary Location: Ontario-Ottawa
Job Type: Permanent
Schedule: Full-time
Description
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC offers financial products and knowledge to help Canadian businesses confidently enter new markets, reduce financial risk, and grow their business.
When you join our team, you’ll be helping Canadian businesses learn the endless possibilities that open to them through export and help bring their vision, passion, and innovation to the world. Your knowledge and expertise will support more than 25,000 Canadian businesses and their customers in as many as 200 markets worldwide. You’ll work amongst the best and brightest in an inclusive, collaborative environment that fosters professional development and success. And you’ll know that you’re making an impact every day – for businesses, for Canada and for the people you work with.
Are you ready to make an impact? Join EDC, recognized as a Top 100 and Top Family-Friendly Employer, as we take on the risk so Canadian businesses can take on the world. #LI-Hybrid
Team & Job Overview
The Financial Products & Innovation team vision is to inspire innovative culture at EDC anchored on the customer to shape, accelerate, and create impact for Canada's International Trade. To deliver on EDC ambitious long-term strategic goals, we enable and empower multi-disciplinary teams working with us across three pillars of EDC innovation: Innovation Enablement (EDC Innovation Portfolio and tools, Market Intel and Innovation Research, Innovation Strategy development), Financial Product Innovation (end-to-end design of solutions from discovery to piloting and commercialization), and lastly, the Solution Suite Management pillar, focusing on product life-cycle management.
The team works with internal stakeholders and external partners to develop new solutions, enhance, and reposition existing products through product management and a deep understanding of client and partner needs, and ensure consistent application of product development and innovation best practices.
The team is looking for a Sr. Financial Innovation Lead with a strong financial and innovation background, strategy expertise, relationship building and influencing skills to help support the team as it leads the next generation of EDC customer centric innovation, financial products development, and product management. We are looking for a strategic thinker with a natural bias to action, whose values are rooted in open innovation, who can work well in the realm of the unknown and has a proven track record of rigorously seeing through the ideas from inception to customer impact.
Discipline Summary
The Sr. Financial Innovation Lead will report to the Manager or Director of the Financial Products & Innovation team and will be responsible for leading various phases of new financial product initiatives including triage & evaluation of new ideas, incubation, design, pilot phases product life-cycle management and scaling. In addition to understanding financing issues, financial markets terminology, product pricing models and general lending/underwriting practices, this individual must possess a high-level understanding of all areas of product development, with a particular focus on design thinking, digital user experience, strategic planning, and stakeholder engagement.
The role requires someone entrepreneurial with strong relationship skills and a bias to action, someone relentless in understanding and advocating for EDC customers.
Key Responsibilities
Manages collection, aggregation and prioritization of financial product development ideas
Develops market-needs hypotheses and manages validation process
Leads stakeholder engagement sessions with SMEs and external partners for incubation-phase of initiatives
Collaborates with a wide range of stakeholders including banks, private sector companies, not-for-profits, government departments, as well as EDC business leaders, marketing, business development, IT and other multi-disciplinary teams to achieve customer acquisition, retention and served targets
Works closely with the product owners to create requirements, delivers product design and processes, and obtains required approvals
Leads a stream of financial product development for multiple products in the portfolio, including:
Defining and communicating a product vision at senior and executive level
Providing clear direction to the various product development teams, including financial solution parameters and various elements of the business model canvas
Proactively monitoring product analytics and recommending iterative choices based on customer needs and user behavior
Working with key internal stakeholders to drive the development and implementation of the go-to-market strategy for various products
Consistently represents the voice of the customer in product discussions and decisions, taking a data-driven approach to decision-making
Monitors product risk exposure and product performance, able to steer new product choices through internal risk review and authorization processes
Screening Criteria
Completed an Undergraduate degree in Accounting, Business Administration, Finance or related field
Minimum 7 years experience in financial services (preferably in the capacity of underwriter or financial product manager)
Experience and/or deep knowledge of financial products (lending, insurance, guarantees, equity)
Financial analysis, credit and modeling skills
Applied knowledge of modern product management, innovation and design thinking
Minimum 3 years of Experience in stakeholder engagement, strategic planning and workshop facilitation
Assets
Bilingual in both official languages (French and English)
MBA or professional designation (CFA or CPA)
Fintech experience
Management consulting experience
Salary Range:
- Fin. Product Innovation 19: Salaries are based on qualifications and experience and typically range from $107,132 To $142,842 plus a performance-based incentive.
Location
Export Development Canada is a hybrid work environment.
This role will be performed from EDC’s headquarters in Ottawa.
Relocation assistance is available for eligible candidates.
EDC's Commitment to Employment Equity
- EDC is committed to employment equity and achieving a diverse workforce. EDC actively encourages applications from women, Aboriginal peoples, visible minorities, persons with disabilities and members of the 2SLGBTQI community. If selected for an interview, please advise us if you need any special accommodation.
How to apply
Only candidates selected for an interview will be contacted. : Application deadline on www.edc.ca/careers : Jun 28, 2024, 10:59:00 PM EDC is committed to employment equity and actively encourages applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation. Candidates must meet the requisite government security screening requirements. :
Req ID: 0004P9