Analyst, Product Development, Alternate Solutions Group - Job Opportunity at CIBC

Toronto, Canada
Full-time
Mid-level
Posted: March 1, 2025
On-site
CAD 85,000 - 110,000 based on Toronto market rates for fintech product analysts with similar requirements

Benefits

Competitive salary with incentive pay
Comprehensive banking benefits package
Defined benefit pension plan
Employee share purchase plan
Flexible vacation policy
Wellbeing support programs
MomentMakers social recognition program
Purpose Day for personal development
Modern workspace and technology resources

Key Responsibilities

Lead product strategy and vision development for Global Payment Services
Drive cross-functional collaboration with engineering and design teams
Manage product backlog and sprint planning processes
Monitor and analyze product performance metrics
Develop and maintain client relationships
Conduct market analysis and competitive research
Drive innovation in payment technology solutions
Facilitate risk management and compliance requirements

Requirements

Education

Undergraduate degree in STEM (Computer Science, Technology, Engineering or Mathematics) or related fields

Experience

1+ years as Product Owner or similar product management role

Required Skills

Capital markets knowledge Foreign exchange expertise Financial technology understanding Data analytics proficiency Product lifecycle management Tableau Python Pandas DataFrames NumPy Power BI SQL Excel Stakeholder management Problem-solving Communication

Certifications

PCEP certification Microsoft Azure Data Scientist certification Certified Scrum Product Owner (CSPO) or Certified Scrum Master (CSM - Technical) preferred Product Analytics (Product School) or SQL for Data Science certifications preferred
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Sauge AI Market Intelligence

Industry Trends

Financial institutions are increasingly prioritizing fintech integration, particularly in cross-border payments and currency conversion services. Growing demand for product professionals who can bridge technical and business requirements in financial services. Rising importance of data-driven product development in banking technology. Increased focus on real-time payment solutions and blockchain technology integration.

Role Significance

Likely part of a 5-8 person product team within larger Global Markets division
Mid-level position with significant product ownership responsibilities and direct impact on business growth

Key Projects

Cross-border payment system optimization Currency conversion platform development Payment infrastructure modernization Client onboarding automation Risk management system integration

Success Factors

Strong technical foundation combined with business acumen Ability to navigate complex financial regulations while driving innovation Excellence in stakeholder management across technical and business teams Data-driven decision making capability Understanding of global payment ecosystems

Market Demand

High demand with growing competition from both traditional banks and fintech startups for professionals with combined product and technical skills

Important Skills

Critical Skills

Python and data analysis skills indicate heavy focus on data-driven product development Financial market knowledge essential for understanding product context Product management methodologies crucial for effective execution Strong technical background required for complex payment systems

Beneficial Skills

Experience with blockchain or distributed ledger technology Knowledge of regulatory compliance in financial services Understanding of API design and integration Experience with agile development in regulated environments

Unique Aspects

Combination of startup-like product development with major bank resources and stability
Focus on innovative payment solutions within established financial institution
Strong emphasis on both technical skills and product management capabilities
Direct exposure to global financial markets and payment systems

Career Growth

2-3 years in role before advancement opportunity, depending on business impact and leadership development

Potential Next Roles

Senior Product Manager Product Lead Solutions Architect FinTech Innovation Manager Digital Banking Product Director

Company Overview

CIBC

CIBC is one of Canada's Big Five banks with significant international presence and growing focus on digital transformation

Leader in Canadian banking sector with strong investment in financial technology innovation
Major employer in Toronto's financial district with growing technology operations
Traditional banking environment actively transitioning to more agile, technology-focused culture
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