CIBC

Senior Product Manager - Deposits

CIBC$90K — $115K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in financial services or product management
  • Strong analytical skills to interpret complex financial data
  • Proficient in developing strategic business plans and executing them
  • Demonstrated leadership in a matrix organization
  • Excellent communication skills for senior-level presentations
  • Proven ability to engage and build relationships with diverse stakeholders
  • Creative approach to problem-solving with attention to detail

Responsibilities

  • Develop and execute tactical plans for deposit products
  • Analyze financial and client data to derive insights and recommendations
  • Lead key product initiatives from concept to implementation
  • Collaborate with various departments to support product development
  • Manage relationships with external partners and stakeholders
  • Ensure compliance with governance and risk management principles
  • Support business development activities including market assessment and business case development

Benefits

  • Comprehensive Medical, Dental, and Vision coverage
  • 401(k) with a company match
  • Life and Disability Insurance
  • Generous Paid Time Off and Holidays
  • Parental Leave and Sick Leave
  • Health Savings Account
  • Special team member perks and incentives
Full Job Description
What you'll be doing

As a member of CIBC's team, the Senior Product Manager is responsible for developing tactical plans of our deposit product suite for management approval, and to assume responsibility for execution of the approved plans. The role applies advanced concepts to develop, recommend and implement annual business plans, manage day-to-day product activities, support internal and external partner and stakeholder management, and support the development and implementation of new product concepts and features to continue growth and product relevance to clients. The Senior Product Manager uses independent judgement to determine methods and approaches to work, collaborating with the business to engage resources and support initiatives and ensure that the lifetime value of the client is maximized. In addition, the role supports new business development activities including initial concept development, market assessment, business case development and implementation to support CIBC's enhanced client experience objectives while following good governance and risk management principles.

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
  • Strategic planning & execution. Support strategy by developing and executing against strategic priorities to drive product enhancements & development, sales by executing against offers / campaigns, and engagement by improving client communication & experience. Lead key initiatives end-to-end from (i) idea generation / conceptualizing (ii) solution / capability design (iii) assess financial impacts / business case (iv) lead development & build with partners (v) implement
  • Analytical. Strong understanding of financial, client and operational data with ability to interpret complex information, identify patterns and trends. Analyze and assess key business drivers, derive key insights, develop recommendations and implement changes. Stay abreast of and demonstrate strong understanding of industry and competitive positioning and developments in Canada. Evaluate competitive best practices to formulate new ideas and execute to remain competitive.
  • Leadership. Well-developed management and leadership skills sufficient to achieve results within a matrix organization, including the ability to influence at a senior level. Ability to plan, prioritize and organize work effectively while managing competing priorities. Develop strong relationships with and successfully partner with key stakeholders across the bank (Digital, Marketing, Analytics, Finance, Technology, distribution partners, etc.)
  • Communication. Strong communication skills including the ability to present (both written and verbal) complex, conceptual information in a clear and concise manner. Develop and deliver senior-level communications in Insurance and across the bank


Who you are
  • You're passionate about people. You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect and authenticity.
  • 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.
  • You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.
  • You embrace and champion change. You'll continuously evolve your thinking and the way you work in order to deliver your best.
  • You're creative and results oriented. You are innovative and adaptable, with excellent attention to detail.
  • You can demonstrate experience in the financial industries (5-7+ years)
  • Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.


At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $90,000 - 115,000 based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee's needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.

#LI-TA

What you need to know
  • You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
  • We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.


Job Location
IL-Chicago, 120 S LaSalle St Fl 6

Employment Type
Regular

Weekly Hours
40

Skills
Analytical Thinking, Business Cases, Business Development, Business Planning, Market Research, Product Analysis, Product Development, Product Management

About CIBC

The Canadian Imperial Bank of Commerce is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank is headquartered at Commerce Court in the city's Financial District. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT. It is one of two Big Five banks founded in Toronto, the other being the Toronto-Dominion Bank. The Canadian Imperial Bank of Commerce was formed through the June 1, 1961, merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, the largest merger between chartered banks in Canadian history. The bank has four strategic business units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It has international operations in the United States, the Caribbean, Asia, and United Kingdom; Globally. CIBC serves more than eleven million clients, and has over 40,000 employees. The company ranks at number 172 on the Forbes Global 2000 listing.
Learn more about CIBC
Market Cap
$43.5 billion
Industry
Founded
1867
5 Year Trend
+8.8%

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