Director, Product Development

4 weeks ago

Toronto, Ontario, Canada Momentum Financial Services Group Full time
Company Description

Momentum Financial Services is a leading provider of financial services in North America. For 40 years, we've been committed to providing financial solutions that meet the evolving needs of consumers and business owners. Backed by a retail network of over 400 locations, we provide access to cash and related products to help our customers achieve their goals.

Our highly skilled workforce puts customers first in everything we do. We serve 2 million people annually with diverse and innovative financial products such as loans, check cashing, money transfer and prepaid cards. Through this ever-evolving suite of services, we empower customers to manage their finances and improve their lives. Wherever customers are on their financial journey, Money Mart Financial Services provides solutions.

#Corporate

Job Description

Job Summary:

  • We are seeking a highly analytical and experienced Director of New Products to spearhead the development and launch of innovative products that will create new revenue streams for the company. The ideal candidate will be a strategic thinker with a robust background in product management, especially within the FinTech, Financial Services sector or similar industries. This role requires a comprehensive approach to product lifecycle management, from ideation through to launch and ongoing optimization, emphasizing user experience and profitability.

Key Responsibilities:

  • Develop and present business cases for new products, aligning with the company's strategic objectives and financial goals
  • Negotiate and finalize business terms and contracts with new vendors and partners
  • Develop and launch a company-wide loyalty rewards initiative that drives member and employee engagement
  • Manage ongoing product performance that includes P&L oversight while focusing on an optimal user experience
  • Collaborate with PMO teams to detail business requirements and develop user stories for new product launches
  • Partner with the Technology team to bring new products to fruition, ensuring technical feasibility and alignment with business goals
  • Partner closely with Marketing, Operations, and Retail teams to craft and execute go-to-market strategies that drive successful product launches and market penetration
  • Assess competitive information by proactively keeping on top of the latest customer, industry and competitive developments
Qualifications

Qualifications:

  • Proven experience in product management, preferably in FinTech or a related industry.
  • Strong analytical skills and ability to develop strategies based on data-driven insights.
  • Experience with contract negotiations and vendor management.
  • Demonstrated success in launching and managing products, including P&L responsibility.
  • Excellent collaboration skills, able to work effectively across teams and with all levels of management.
  • Innovative problem solver with a proven track record of driving initiatives to completion.
  • Excellent communication and leadership skills.
Additional Information

All your information will be kept confidential according to EEO guidelines.

Additional Information

*Notice to Ontario Applicants - National Money Mart is committed to accommodating applicants with disabilities up to the point of undue hardship during the recruitment, assessment and selection process. If you are selected for an interview, please notify National Money Mart if you require accommodation in respect of the materials or procedures used at any time during this process. If you require accommodation National Money Mart will work with you to determine how to meet your needs.

Note to Internal Applicants: All internal applicants are required to notify current manager regarding interest in applying for this role.

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