Vice President, Strategy & Operations - Commercial Banking
Toronto
Commercial – Commercial /
Full Time /
Hybrid
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.
Position Overview
This is a highly strategic role working with the Group Head and the executive team to develop the Commercial Banking strategy and monitor its successful implementation. The role is accountable for devising strategies and overseeing initiatives to enable growth and profitability within Commercial Banking. The role requires experience providing thought partnership to the senior executive level, overseeing transformational change including M&A, and ensuring continuous improvement and successful delivery within the Commercial Banking team. The role oversees a team of seasoned senior leaders driving operational excellence and enabling Commercial Banking’s various business units.
Main Activities
- Develop and lead the Commercial Banking strategy in collaboration with Commercial Group Head and the senior leadership team
- Provide thought partnership to Commercial Banking executive team, e.g. scoping of opportunities, growth and profitability opportunities, external partnerships.
- Provide guidance and oversight for enterprise initiatives for Commercial Banking, e.g. BPI, consumer research
- Oversee business analytics and regular reporting for Commercial Banking, uncovering and enabling growth and profitability opportunities
- Oversee Deposits operations for Concentra’s Credit Union Business, including driving increased digitization and operational improvement
- Drive the methodology and tracking of continuous process improvements for Commercial Banking and enable Group Head to hold executive team accountable for success
- Oversee special projects across the Commercial Banking space, including the interface with broader enterprise and external partners, e.g. development of IT roadmap, etc.
Knowledge/Skill Requirements
- University degree, MBA preferred
- Minimum 15 years’ experience including executive roles and P&L ownership
- Proven ability in driving strategic planning at Group or Enterprise level
- Executive experience leading transformation or Group level change management initiatives
- Strategic thinking with the ability to understand market dynamics and trends and how to integrate into the broader business strategy
- Ability to prioritize competing demands and use data to inform decision-making and articulate trade offs for respective businesses and broader portfolio
- Strong coach and mentor, with a passion for building and developing people and teams
- Proven ability to communicate at all levels of the organization, including CEO level
- Collaborator with strong influencing skills and the ability to align stakeholders across teams
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!
