TD Securities 140,000 - $160,000 CADThis 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. We are seeking an experienced Product Manager to lead the strategy, commercialization, and development of clearing, payments, and transaction banking solutions for Non-Bank Financial Institutions (NBFIs). The VP Product Manager will own a portfolio of products and capabilities that enable NBFIs to access domestic and cross-border payment infrastructure through TD's Financial Institution Clearing franchise.

This includes indirect participation models for Payments Canada schemes (RTR, Lynx, ACSS), cross-border clearing solutions, settlement agent services, correspondent banking capabilities, virtual account solutions, safeguarding/client money account structures, and related transaction banking services. The successful candidate will be responsible for end-to-end product management, spanning client strategy, market development, product innovation, regulatory compliance, technology delivery, operational readiness, and commercial performance. The role requires a deep understanding of the rapidly evolving NBFI landscape including payment service providers (PSPs), fintechs, broker-dealers, asset managers, trust companies, money services businesses (MSBs), digital asset firms, and other emerging financial ecosystem participants.

The ideal candidate combines strong payments expertise, commercial acumen, and client-centric execution with the ability to lead complex initiatives across business, operations, technology, risk, legal, compliance, and regulatory stakeholders. Identify emerging market opportunities driven by regulatory change, Payments Canada modernization, RTR adoption, RPAA implementation, and evolving NBFI business models. Conduct market scans and competitive analysis to identify growth opportunities, product gaps, and sources of competitive differentiation.

Develop market segmentation strategies across PSPs, fintechs, broker-dealers, asset managers, trust companies, credit unions, MSBs, and other NBFI client groups. Define portfolio-level OKRs, KPIs, revenue targets, and client growth objectives aligned to Transaction Banking priorities. Ensure product competitiveness through market analysis, benchmarking, performance analytics, and client feedback.

Product





Development & Delivery Lead Agile backlog prioritization and product delivery activities. Prepare business cases supporting new product development and investment decisions. Partner with Technology, Operations, Risk, Treasury, Legal, Compliance, and Coverage teams to deliver new products and enhancements.

Drive operational readiness activities including process design, policy development, controls implementation, and support model creation. Support strategic sales opportunities and complex implementations. Develop deep understanding of evolving NBFI business models and associated transaction banking needs.

Monitor revenue performance, profitability, client economics, and growth metrics. Partner with FI Coverage and Origination team on market development initiatives and product rollout. Risk & Regulatory Compliance Ensure products comply with all applicable regulatory requirements, industry standards, and market best practices.

Support governance activities, regulatory examinations, and internal audits. Maintain awareness of regulatory developments impacting NBFIs, including: Bank of Canada participation frameworks Lead product risk assessments and control design activities. Ensure resiliency, operational risk, and third-party risk considerations are embedded into product design.

Undergraduate degree in Business, Finance, Economics, Engineering, or related discipline; MBA considered an asset. ~7-10 years of experience in transaction banking, payments, clearing, treasury services, fintech, or financial services product management. ~ Strong understanding of NBFI business models, including PSPs, fintechs, broker-dealers, asset managers, trust companies, and money services businesses. ~ Experience defining product requirements, managing Agile delivery programs, and leading complex cross-functional initiatives. ~ Proven ability to influence senior stakeholders and drive large-scale strategic programs. ~ Strong commercial acumen with experience in pricing, profitability management, and business case development. ~ Excellent communication, presentation, and stakeholder management skills. Knowledge of RPAA and Bank of Canada registration frameworks. Understanding of sponsor-bank, settlement agent, indirect participation, and correspondent banking models.

Familiarity with SWIFT, ISO 20022, APIs, virtual accounts,



and embedded finance models.

Experience with safeguarding/client money account structures and trust arrangements. Familiarity with digital asset, stablecoin, or tokenized payments ecosystems. Relevant certifications in Agile, Payments, Treasury, Product Management, or related disciplines.

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. 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. S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank.

Together, we are reimagining what banking can be for our clients, colleagues and communities.

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

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. If you're passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

Here at TD, we hire and develop the best. Training & Onboarding We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role. We do our best to communicate outcomes to all applicants by email or phone call.

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.

Language

Requirement (Quebec only)

📌 VP Product Manager - NBFI Clearing & Payments Solutions (Toronto)
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