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Product Director, Retail Financing

At Fairstone, our culture is built on strong values and leadership principles that define the expectations we have for working together and with our customers. We help Canadians find the right solution to meet their needs with a variety of products and services. Our values and principles guide the actions we take to ensure our customers get the best experience possible.

Be part of our talented and growing team! We are currently looking for a Product Director, Retail Financing, to join our team report to the Senior Vice President, Chief Card Services.

As a Product Director, Retail Financing, you will be responsible for the product and customer experience strategy in support to the growth business targets and strategy. The successful candidate will employ an unwavering focus on maximizing the product’s value proposition to exceed the customer and the partner’s expectations, while driving the expected portfolio growth.

The ideal candidate has a strong knowledge of retail financing programs, including co-branded products in partnership with large Canadian retailers. The Product Director will work cross-functionally with the portfolio, , IT and broader business leaders to execute large and small initiatives across multiple channels, to implement customer-centric solutions and to generate revenue growth.

This represents a unique opportunity to be part of a team with the goal of innovating the market leader in providing consumer finance products to Canadians.

"Be a part of our inclusive workplace where diverse perspectives drive innovation and excellence."

WHY JOIN US?

BECAUSE WE ARE PROUD TO BE One of Montreal's Top Employers for 2025 for the fifth consecutive year by the editors of Canada's Top 100 Employers.

WE OFFER:

  • Work-Life Balance: Our 37.5-hour workweek and hybrid model (3 days in-office) promote a healthy balance.
  • Wellness: Tailored well-being solutions available 24/7.
  • Time Off: Minimum 15 paid vacations, 6 wellness days, with federal holidays.
  • Community Support: Paid Volunteer Day to give back to your community.
  • Retirement Planning: Employee and employer contribution pension plan, plus the Fairstone Retirement Savings Plan
  • Development: Access to Fairstone Academy for comprehensive training and skill development.
  • Employee discounts: Exclusive access to discounted products and services, including car insurance, hotels, attractions, movies, gym memberships, and more.

WHAT WILL YOU WORK ON?

  • Spearhead the product’s strategy, innovation, prioritization, as well as oversee execution of all aspects of the product lifecycle to ensure that the product strategy is meeting the market needs and business goals.
  • Relentless focus on the customer experience/centricity.
  • Own and maintain strategic product roadmaps.
  • Work closely with business stakeholders and executives of the broader organization to assess, recommend, present product’s strategies and solutions.
  • Ensure timely and proper execution of roadmap with every key stakeholders
  • Give presentations to various committees and work with external partners in the context of existing agreements.
  • Support and manage a business agile process. This includes working collaboratively with Technology and other business groups to ensure successful delivery of the products/features.
  • Monitor and analyze the products’ commercial results and financial performance to target opportunities and make recommendations for improvements.
  • Make sure products comply with laws and regulations and make the necessary recommendations.
  • Identify the strategic, operational, reputational and financial risks associated with the implementation of the product offer and make suitable recommendations.
  • Supervises a team of experienced Product Managers.
  • Build and maintain market competitive intelligence

WHO ARE WE LOOKING FOR

  • Vast experience of over 5 years in a high-ranking Product Management position, preferably in a complex business setting. A suitable candidate will also have diverse experience in the fields of product marketing, project management, and communications, with a focus on financing products.
  • Knowledge and expertise in Retail Point of Sale financing solutions, Credit Cards, Payment solutions -including digital strategies and eCommerce- and Retail markets
  • Superior collaboration skills allowing to be effective in communicating and bringing together many functional groups
  • Rich blend of analytical, creative, and strategic talents
  • Superior problem-solving skills and experience resolving daily internal and external problems and challenges in product management positions that affect a product’s financial and market success
  • Ability to conceptualize, prioritize, and manage multiple projects with ease
  • Highly customer-focused
  • University in business-related fields

WE ARE PROUD TO BE: Montreal's Top Employers 2025 by Canada’s Top 100 Employers!

Learn more: https://www.fairstone.ca/en/about/canadian-lender

Follow us on LinkedIn: https://www.linkedin.com/company/fairstone/mycompany/

If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.

Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.

Time Type:

Full time

Job Type:

Permanent

Average salary estimate

$115000 / YEARLY (est.)
min
max
$100000K
$130000K

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What You Should Know About Product Director, Retail Financing, Fairstone

Join Fairstone as a Product Director, Retail Financing, and be part of a vibrant team dedicated to helping Canadians achieve their financial goals. Located in Montreal, Quebec, this exciting role puts you at the forefront of shaping our product and customer experience strategies to drive business growth. Reporting directly to the Senior Vice President, Chief Card Services, you'll lead with a strong emphasis on maximizing our products’ value propositions. If you have a robust understanding of retail financing programs and are passionate about delivering exceptional customer experiences, this position is tailor-made for you! You will work collaboratively across various departments, executing initiatives that not only meet but exceed expectations. Your efforts will play a critical role in maintaining our standing as a market leader in consumer finance products. We celebrate inclusion and innovation, making it an ideal environment for diverse perspectives to thrive. If you’re seeking a role that combines strategic thinking, customer-centric initiatives, and innovative product development, consider taking the next step with us at Fairstone. Here, you can build a career while positively impacting the lives of Canadians through accessible financing solutions!

Frequently Asked Questions (FAQs) for Product Director, Retail Financing Role at Fairstone
What are the core responsibilities of the Product Director, Retail Financing at Fairstone?

The Product Director, Retail Financing at Fairstone is responsible for leading the product strategy, innovation, and overall direction of retail financing offerings. This includes managing the product lifecycle, ensuring alignment with market needs, and collaborating cross-functionally to execute strategic initiatives. The role emphasizes customer-centricity and involves monitoring commercial performance to identify opportunities for improvement.

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What qualifications are needed for the Product Director position at Fairstone?

To be successful as a Product Director, Retail Financing at Fairstone, candidates should possess over 5 years of experience in a senior product management position, preferably in finance. A strong background in retail financing, project management, and product marketing is essential. Candidates should also demonstrate superior collaboration skills, analytical abilities, and problem-solving prowess.

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How does the Product Director contribute to Fairstone's growth?

The Product Director, Retail Financing plays a pivotal role in driving revenue growth by enhancing product offerings and customer satisfaction. By developing strategic product roadmaps and closely monitoring financial performance, the director can make informed decisions that support both market competitiveness and customer expectations, thus directly contributing to Fairstone's overall growth objectives.

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What is the team environment like for the Product Director at Fairstone?

At Fairstone, the work environment for the Product Director, Retail Financing is collaborative and inclusive. The director will engage with diverse teams across various functions, working together to implement innovative solutions that enhance the customer experience. The company's values promote teamwork and open communication, making it a fantastic place for innovative ideas to flourish.

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Are there opportunities for professional development for the Product Director at Fairstone?

Absolutely! Fairstone is committed to the professional growth of its employees, including the Product Director, Retail Financing. The company provides access to Fairstone Academy, offering comprehensive training and skill development programs. Employees also enjoy various resources to help in building a successful and fulfilling career path.

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Common Interview Questions for Product Director, Retail Financing
Can you describe your experience in product management related to retail financing?

When answering this question, highlight specific experiences that showcase your expertise in retail financing. Discuss the types of products you've managed, your role in developing product strategies, and how your efforts led to successful outcomes. Be sure to include details about stakeholder collaboration and how you prioritized customer needs.

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How do you ensure product strategies align with business goals?

To respond effectively, provide examples of past instances where you aligned product strategies with business objectives. Explain your approach to analyzing market needs, setting clear goals, and utilizing data to make strategic decisions that benefit both product performance and organizational targets.

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What techniques do you use to monitor and enhance customer experience?

Discuss the methods you've previously employed to measure customer satisfaction, such as surveys, feedback sessions, and metrics analysis. Share examples of how you utilized this information to implement changes that positively impacted customer satisfaction and loyalty in previous roles.

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How do you handle competing priorities when managing multiple projects?

To answer this question, emphasize your organizational skills and use of project management tools. Describe your methodology for prioritization—whether it’s based on customer impact, alignment with business strategy, or resource availability—and provide real-life examples demonstrating your ability to deliver on multiple projects successfully.

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Can you give an example of a successful product launch you've managed?

When responding, focus on a product launch where you played a key role. Describe the planning, execution, challenges faced, and how you overcame them. Highlight the impact of the launch in terms of customer uptake, feedback, and market reception, showcasing your ability to drive results.

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What role does analytics play in your decision-making process?

In your response, emphasize the importance of data-driven decision-making. Share specific instances where analytics helped you understand market trends, gauge customer behavior, or assess product performance, and explain how these insights informed your strategic choices.

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How do you approach collaboration with cross-functional teams?

Discuss your commitment to collaboration and communication. Provide examples of how you've built relationships with teams such as marketing, IT, and sales, and describe your strategies for ensuring everyone is aligned and working effectively towards shared goals.

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What challenges do you foresee in the retail financing market, and how would you address them?

Answer this by discussing current industry trends, potential regulatory changes, or shifts in consumer behavior. Then, articulate how you would proactively address these challenges through innovative solutions or adjustments to product strategies to remain competitive.

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How do you ensure compliance with laws and regulations in product management?

Share your understanding of the regulatory landscape in retail financing, and discuss the methodologies you've used to stay compliant. Explain how you consult legal advisors and ensure all product strategies and executions align with applicable regulations.

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Why do you want to work for Fairstone as a Product Director?

When answering this question, align your professional goals with Fairstone’s mission and values. Express your excitement for contributing to a company recognized as one of Montreal’s top employers and your desire to make a positive impact in the lives of Canadians through financial solutions.

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DATE POSTED
April 7, 2025

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