SVP, Payments

SVP, Payments & Deposits Peoples Group is hiring for a Senior Vice President of Payments & Deposits in Toronto. Successful candidates who apply from outside of this area will be expected to relocate. About The Role The SVP, Payments & Deposits plays a pivotal role in shaping the future of our business. Reporting directly to the CEO, the role oversees and optimizes our transaction banking services (payments and deposits) while supporting financial innovation across the organization. The leader will manage strategies for fintechs and consumers, leveraging emerging technologies to enhance our competitive position. The role is instrumental in managing the institution’s financial health, driving performance, and identifying new growth opportunities. Working closely with internal stakeholders and external partners, the SVP ensures that financial strategies align with both short-term goals and long-term objectives. The ideal candidate possesses deep knowledge of financial markets, payments and deposits products, and emerging financial technologies, and can navigate complex challenges while fostering a culture of innovation. About You As the Senior Vice President, you bring a wealth of experience and forward-thinking mindset to the evolving landscape of payments and deposits. You have a proven track record in leading deposits and driving performance across all client segments. You are results-oriented, with deep expertise in business accounts, savings, GICs, and payment solutions including EFT, bill payment, Interac eTransfer, and credit card issuing and acquiring. You thrive in a fast-paced environment, communicate strategic vision, and consistently drive growth. You are a people leader focused on engagement, performance, and operational excellence. About The Day To Day Strategic Leadership Define and execute the long-term vision and roadmap for payments and deposit products, including business accounts, savings, GICs and payment solutions. Lead strategy to modernize the bank’s payments infrastructure in alignment with Payments Canada modernization efforts. Serve as board-facing leader with credibility to engage executive leadership and board members. Act as an ambassador for Peoples, enhancing brand recognition through strategic engagement and public speaking. Maintain a best-in-class understanding of market trends and translate insights into actionable strategies. Champion the bank’s voice in the industry through thought leadership initiatives, including white papers, webinars, and media commentary. Product Innovation Oversee the full product lifecycle from ideation to launch and optimization. Drive product profitability, pricing strategies, and customer experience enhancements. Monitor market trends, fintech partnerships, and emerging technologies to inform product development. Risk Management Excellence Ensure risk management and compliance with OSFI, FINTRAC, and Payments Canada regulations. Collaborate across Technology, Operations, and Risk to ensure robust and scalable product delivery. Leadership & Talent Development Lead and inspire a high-performing team of product strategists, fostering a culture of excellence and continuous improvement. Provide training and development opportunities to enhance team skills and knowledge. Set performance goals and conduct regular evaluations. Encourage collaboration and open communication to drive innovation and efficiency. Recognize and reward outstanding performance, promoting a positive work environment. Develop succession plans to ensure continuity and stability within the department. Stay updated on industry best practices and incorporate them into team processes. About The Qualifications Minimum of 20 years of experience in banking with deep expertise in payments and deposits products. Proven track record of leading large-scale product transformations and digital initiatives with executive presence. Strong understanding of Canadian regulatory frameworks and payments ecosystem. Strong understanding of the Canadian Fintech ecosystem and market trends. Exceptional leadership, communication, and stakeholder management skills. Bachelor’s degree in Business, Finance or related field; MBA or equivalent preferred. About Us Peoples Group is a boutique financial institution with offices in Vancouver, Calgary, Toronto, and Montreal. Our mission is to exceed customer expectations through exceptional service and extensive product knowledge. We value risk-based practices and building relationships, and we execute with passion. About The Work Environment We offer a flexible, hybrid work environment. Typically, the role involves regular business hours, Monday to Friday, 8:00 am to 5:00 pm, with flexibility around start and end times. Hybrid work options include both in‑office and remote work from home. We Offer A hybrid work environment that balances personal and professional life. Competitive salaries, profit sharing, RRSP matching, and benefits from day one. Generous paid time off to support a healthy work‑life balance. A strengths‑based approach to teamwork. Commitment to well‑being in five key areas: Financial, Physical, Social, Career, and Community. NOTE: This job posting is for an existing vacancy. Peoples Group is an Equal Employment Opportunity employer. Only candidates under consideration will be contacted. We value and celebrate individuality while fostering an inclusive workplace for everyone. If there is any way we can support or accommodate you during the selection process, please let us know. #J-18808-Ljbffr