Manager, Strategy & Corporate Development

at  EQ Bank Equitable Bank

JOIN A CHALLENGER

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.
We are a big (and growing!) family. Overall we serve more than 370,000 people across Canada through Equitable Bank, Canada’s Challenger Bank™, and have been around for more than 50 years. Equitable Bank’s wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than 5 million members. Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people’s lives. Our EQ Bank platform (eqbank.ca) has been named the top Schedule I Bank in Canada on the Forbes World’s Best Banks 2023, 2022, and 2021 lists.

CORE PARTS OF THE ROLE WOULD BE:

• Strategy development and execution (30%)
• Support the development of business cases for new opportunities by performing analyses, managing communication of findings, and supporting on follow-ups
• Leverage internal/external sources to gather relevant data and support senior members of the team to drive strategic projects forward by creating and delivering presentations to communicate findings from analysis
• Contribute to the brainstorming, structuring and problem-solving process for a range of strategic and tactical business topics (e.g., growth, pricing, operational efficiency, etc.)
• Use quantitative methods (e.g., Excel models) to develop insights that support decision making

Business analysis and problem solving (30%)

• Communicate findings and insights from research in a logical, concise, and clear manner to drive decisions
• Play an integral role in the annual enterprise-wide strategic planning and budgeting process (e.g., financial modeling, market research, development of presentation materials, etc.)
• Support the development of business updates (e.g., personal and commercial banking, tech) for quarterly Board meetings
• Engage with Corporate Finance and Reporting teams on content creation and finalization for quarterly and annual reporting obligations
• Drive projects forward by managing internal stakeholders, developing output material, and presenting key deliverables

• Proactively engage and lead efforts on multiple parallel engagements

Due diligence and Integration support for M&A opportunities (30%)

• Support in identifying and assessing potential acquisition targets, as well as other corporate initiatives, for strategic fit and value generation
• Support in developing strategic rationale, performing financial analysis, building valuation models, and identifying opportunities and risks in initial stages of potential acquisitions
• Co-ordinate and collaborate with internal teams to manage due-diligence activities across workstreams in tight timelines
• Draft presentation documents as required to support communication of critical elements of transactions to Senior Management and Board of Directors

• Develop solid understanding of accounting and administrative requirements for transactions, to lead internal implementation efforts

Market dynamics and intelligence (10%)

• Conduct research to support business unit and enterprise strategy (e.g., competitive position, product assessments, market sizing, etc.)
• Perform interviews with internal and external parties to gather information and develop insights
• Scan various sources (e.g., news releases, journals, industry publications, etc.) to identify, track and monitor market, competitive and regulatory trends
• Stay current on recent events and share findings to related parties as necessary

WHAT WE OFFER [FOR FULL-TIME PERMANENT ROLES]

\uD83D\uDCB0 Competitive discretionary bonus
✨ Market leading RRSP match program
\uD83E\uDE7A Medical, dental, vision, life, and disability benefits
\uD83D\uDCDD Employee Share Purchase Plan
\uD83D\uDC76\uD83C\uDFFD Maternity/Parental top-up while you care for your little one
\uD83C\uDFDD Generous vacation policy, personal days and even a moving day
\uD83D\uDDA5 Virtual events to connect with your fellow colleagues
\uD83C\uDF93 Annual professional development allowance and a comprehensive Career Development program
\uD83D\uDC9B A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We can’t wait to get to know you