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Director, Product Strategy

Position TypeFull timeType Of HireExperienced (relevant combo of work and education)Education DesiredBachelor of Commerce/BusinessTravel Percentage10 - 15%Job DescriptionJob Summary~We are seeking a highly motivated and experienced Director of Strategy to support our Wealth business, including Trust, Reliance Trust, and Collective Investment Trust (CIT) business lines. The Director of Strategy will play a critical role in driving the strategic direction and growth of our Wealth business, ensuring alignment with the company's overall goals and objectives.Key ResponsibilitiesStrategic Planning and Execution~• Develop and execute strategic plans for the Wealth business, including Trust, Reliance Trust, and CIT business lines• Collaborate with senior leadership to define and prioritize strategic initiatives that drive business growth and profitability• Monitor industry trends and competitive landscape to identify opportunities and threats, and adjust strategies accordinglyBusiness Development• Identify and evaluate new business opportunities, partnerships, and acquisitions to expand the Wealth business• Lead the development of business cases and financial models to support strategic initiatives and investment decisions• Work closely with the sales and marketing teams to develop and implement go-to-market strategies for new products and servicesClient Engagement• Develop and maintain strong relationships with key clients and stakeholders in the Wealth business• Understand client needs and preferences, and ensure that our products and services are aligned with their expectations• Lead efforts to gather and analyze client feedback, and use insights to drive continuous improvement in our offeringsOperational Excellence• Collaborate with cross-functional teams to ensure the effective execution of strategic initiatives• Implement best practices and processes to improve operational efficiency and effectiveness• Monitor key performance indicators (KPIs) and metrics to track progress and measure the success of strategic initiativesLeadership And Team Development• Provide leadership and guidance to the strategy team, fostering a culture of innovation and collaboration• Mentor and develop team members, ensuring they have the skills and resources needed to succeed• Promote a positive and inclusive work environment that encourages diversity and teamworkQualifications• Bachelor's degree in Business Administration, Finance, or a related field; MBA or advanced degree preferred• Minimum of 10 years of experience in strategy development and execution, preferably in the financial services or Wealth management industry• Strong analytical and problem-solving skills, with the ability to think strategically and make data-driven decisions• Excellent communication and interpersonal skills, with the ability to build and maintain relationships with clients, stakeholders, and team members• Proven track record of successfully leading and executing strategic initiatives that drive business growth and profitability• Ability to work effectively in a fast-paced and dynamic environment, managing multiple priorities and deadlinesFis Job Level DescriptionDirector level role with strong leadership skills. Oversees multiple teams managing large, strategic client relationships with delivery of multiple, complex types of services. Leads the development and execution of strategic policies that affect immediate client operations and may have a broader impact to the division or enterprise. Interacts with senior management or executive levels within the enterprise as well as major client organizations. Oversees the resolution of issues where analysis of situations or data requires an in-depth knowledge of organizational objectives and operations of the enterprise and the client’s business. Requires the ability to change the thinking of, or gain acceptance from, executive management in sensitive situations without damaging the relationship. Establishes and assures adherence to budgets, schedules, work plans and performance requirements. Authority for hire, fire, performance appraisal, and pay review decisions. Establishes operational objectives and work plans, and delegates assignments to subordinates. Oversees the development of standards, guidelines, direction and education on process/procedures for staff. Typically leads the management of ten or more strategic client relationships with total annual revenue of more than $100 million USD. Typically requires a minimum of fifteen years in client management, sales, or the financial industry dealing with large financial institutions and a minimum of ten years of experience in a leadership role.FIS is committed to providing its employees with an exciting career opportunity and competitive compensation. The pay range for this full-time position is $163,310.00 - $274,380.00 and reflects the minimum and maximum target for new hire salaries for this position based on the posted role, level, and location. Within the range, actual individual starting pay is determined additional factors, including job-related skills, experience, and relevant education or training. Any changes in work location will also impact actual individual starting pay. Please consult with your recruiter about the specific salary range for your preferred location during the hiring process.Privacy StatementFIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice .EEOC StatementFIS is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, genetic information, national origin, disability, veteran status, and other protected characteristics. The EEO is the Law poster is available here supplement document available hereFor positions located in the US, the following conditions apply. If you are made a conditional offer of employment, you will be required to undergo a drug test. ADA Disclaimer~ In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for Americans with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.Sourcing ModelRecruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.#pridepass
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Average salary estimate

$218845 / YEARLY (est.)
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$163310K
$274380K

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What You Should Know About Director, Product Strategy, FIS

We're thrilled to announce an exciting opportunity at FIS as a Director of Product Strategy, specifically focused on our Wealth business located in the heart of Chicago, IL. This role is tailor-made for a highly motivated individual looking to take the reins in shaping and driving the strategic direction of our Wealth business, which encompasses Trust, Reliance Trust, and Collective Investment Trust (CIT) business lines. In this key position, you’ll have the chance to work closely with senior leadership, prioritizing and executing initiatives that not only foster business growth but also align seamlessly with FIS's overall objectives. Your experience in identifying new business opportunities will play a crucial role here, as you'll be leading the development of compelling business cases and financial models that support our ambitious strategies. Your hands-on approach to client engagement will ensure that we maintain strong relationships and deliver solutions that truly resonate with their needs. This position isn't just about strategy—it's about operational excellence and developing a team that thrives on collaboration and innovation. If you're passionate about making impactful changes in the financial services sector and have the qualifications to match, we encourage you to consider joining our dynamic team at FIS.

Frequently Asked Questions (FAQs) for Director, Product Strategy Role at FIS
What are the key responsibilities of the Director of Product Strategy at FIS?

The Director of Product Strategy at FIS is responsible for developing and executing strategic plans for the Wealth business, which includes Trust, Reliance Trust, and CIT lines. This role involves collaborating with senior leaders, monitoring industry trends, driving business development, and ensuring effective client engagement, all aimed at fostering growth and aligning with the company's objectives.

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What qualifications are needed for a Director of Product Strategy position at FIS?

Candidates for the Director of Product Strategy role at FIS should possess a bachelor's degree in Business Administration or a related field, with an MBA preferred. A minimum of 10 years of experience in strategy development within financial services is essential, alongside strong analytical, communication, and leadership skills.

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How does the Director of Product Strategy influence FIS’s Wealth business growth?

By identifying new business opportunities and crafting effective go-to-market strategies, the Director of Product Strategy directly influences the growth of FIS's Wealth business. They lead the development of business cases and financial models that support key strategic initiatives, ensuring the company capitalizes on market opportunities.

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What is the work environment like for the Director of Product Strategy at FIS?

The work environment for the Director of Product Strategy at FIS is dynamic and fast-paced, requiring collaboration with various teams to execute strategic initiatives. There’s an emphasis on cultivating a positive and inclusive work culture that promotes innovation, diversity, and teamwork.

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What can a candidate expect in terms of salary for the Director of Product Strategy at FIS?

Salary for the Director of Product Strategy position at FIS ranges from $163,310 to $274,380, depending on individual experience and qualifications. FIS values competitive compensation, ensuring that starting pay reflects the depth of skills and relevant education a candidate brings to the table.

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Common Interview Questions for Director, Product Strategy
What strategic initiatives did you lead in your previous role related to product management?

In answering this question, focus on specific examples where you defined strategic initiatives that resulted in measurable outcomes, detailing how your actions aligned with the overall business goals.

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How do you prioritize multiple strategic projects as a Director of Product Strategy?

Discuss your approach to prioritization, including methodologies you utilize, the importance of stakeholder input, and how you adapt strategies based on changing company needs and market dynamics.

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Can you describe your experience with financial modeling and business case development?

Provide detailed examples of how you've created financial models and developed compelling business cases that supported strategic decisions, emphasizing the impact these had on your previous roles.

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How do you ensure alignment between strategic initiatives and client needs?

Highlight techniques for gathering client feedback, analyzing data, and collaborating with cross-functional teams to ensure that strategic initiatives are responsive and beneficial to client needs.

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What challenges have you faced in product strategy, and how did you overcome them?

Discuss specific challenges related to strategy execution, highlighting your problem-solving skills and the innovative solutions you implemented to overcome these obstacles.

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How do you monitor industry trends and competitive landscapes?

Explain your methods for staying current with industry trends, including tools, networks, and resources. Emphasize how this information informs your strategic planning processes.

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Describe a time when you had to persuade senior management on a strategic decision.

Share a compelling story that illustrates your communication skills and persuasive strategies. Focus on how you presented data-driven insights to gain buy-in from key stakeholders.

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What role does mentoring play in your leadership style?

Discuss your commitment to mentoring and developing team members, providing examples of how you have fostered a culture of growth and collaboration in your teams.

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How do you measure the success of strategic initiatives?

Outline the KPIs and metrics you consider vital for tracking the progress of strategic initiatives, emphasizing the importance of regular review and adjustment based on performance data.

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Can you describe your experience in managing client relationships?

Articulate how you've effectively managed and nurtured client relationships, detailing the strategies you've employed to understand and exceed client expectations.

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We lift economies and communities by advancing the way the world pays, banks, and invests FIS stays ahead of how the world is evolving to power businesses, across merchants, banking, and capital markets, to outpace today’s fast-changing competiti...

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Full-time, on-site
DATE POSTED
December 21, 2024

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