Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

TD General, TD Securities

Pay Details:

$150,000 - $160,000 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

We are seeking an experienced Product Manager to own and scale Canadian domestic indirect clearing products and services delivered to financial institutions. This role covers the full product lifecycle across Payments Canada schemes (Lynx, ACSS, and RTR) and the related instruments (cheque imaging, wires, EFT/EDI, bill payments), as well as third party providers such as Interac (eTransfer, Bulk eTransfer, Konek, Interac Debit, etc.), Symcor, and others. The VP Product Manager will drive commercial strategy, product development, operational readiness, technology delivery, and regulatory compliance, ensuring sponsor-bank models and agency clearing arrangements meet rigorous risk, resiliency, and client experience standards. The ideal candidate brings deep Canadian payments expertise, client-centric execution, and P&L accountability, with a strong ability to define requirements and lead multi-stakeholder programs.

Key Accountabilities

Strategic Leadership

Define and execute a multi-year product strategy and roadmap for domestic indirect clearing (sponsorship and agency models) aligned to Transaction Banking growth objectives, Payments Canada market evolution, and client needs of financial institutions.Conduct market scans and competitive analysis of Canadian sponsor-bank offerings to identify growth opportunities and product differentiation.Define portfolio-level OKRs/KPIs and ensure alignment with Transaction Banking OKRs.Represent TD in Canadian industry forums to shape standards, advocate for sponsor-bank enhancements, and monitor regulatory change.

Product Ownership

Own the end-to-end lifecycle of cross-border CAD clearing products, including value proposition, pricing, SLAs, operating model, and P&L.Own the end-to-end lifecycle of indirect clearing products across Lynx, ACSS/EFT, RTR, and Interac - including value proposition, pricing, SLAs, operating model, and P&L - with clear segmentation for banks, credit unions, and NBFIs.Ensure product competitiveness through market analysis, benchmarking, performance analytics, and client feedback loops.Establish and maintain product documentation (product manuals, service descriptions, SLAs, operating procedures, playbooks).

Product Development & Delivery

Translate product strategy and roadmap into features, epics, and user stories.Lead backlog prioritization and delivery using Agile practices.Define comprehensive functional and non-functional requirements that span the entire product lifecycle.Prepare comprehensive business cases to substantiate the development of new features and capabilities.Partner with various teams to deliver new capabilities & enhancements and drive operational readiness.

Client Engagement

Serve as the product SME with FI and NBFI clients by leading discovery, demos, solutioning, sponsor-bank contract negotiations, and RFP responses.Support onboarding and complex implementations where required.Champion the client’s voice in product design – collect and synthesize feedback, manage feature requests, and ensure measurable client outcomes.Build strong relationships with Payments Canada, participant banks, payment networks, and service providers.

Commercialization

Develop pricing models, monitor P&L performance and unit economics, and implement margin improvement initiatives.Partner with Sales & Coverage teams on go-to-market plans and post-sale expansion strategies.

Risk & Regulatory Compliance

Ensure that products and services adhere to all applicable regulations, industry standards, and market best practices, especially Payments Canada Rules and Bank of Canada requirements.Integrate robust controls and resiliency measures within product design.Lead product risk assessments and adhere to enterprise risk and product development policies.

Qualifications

Undergraduate degree in Business, Finance, Economics, or related field; MBA or equivalent an asset.7–10 years in transaction banking/payments product management, with deep expertise in Canadian domestic clearing and sponsor-bank/agency models.Expert knowledge of Payments Canada rails, rules and standards: Lynx, ACSS/EFT, RTR, cheque imaging, ISO20022 standard, and Interac products; familiarity with SWIFT for cross-border adjacencies.Proven ability to define requirements, manage complex delivery programs in Agile environment, and influence senior stakeholders.Commercial acumen with experience in pricing, P&L management, and strategic business case development.Strong risk and compliance orientation; experience embedding controls in product design.Exceptional leadership, communication, and stakeholder management skills.

Nice-to-Have

Experience with liquidity and intraday funding (nostro/vostro), and credit line structures.Experience with data analytics (e.g., SQL/BI tools) and dashboard creation to monitor KPIs and product health.Familiarity with Treasury products adjacent to clearing (cash management, multicurrency accounts, cross-currency sweeps) as well as institutional deposits.Prior experience working with Payments Canada working groups or SWIFT Canadian forums.Relevant certifications in Agile, Payments, Treasury, or others.

Who We Are:

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.
 

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process 
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Sans Objet