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Innovation, Lead



Toronto, ON, Canada
Posted on Tuesday, February 6, 2024

Innovation, Lead

At Interac, we design and deliver products and solutions that give Canadians control over their money so they can get more out of life. But that’s not all. Whether we’re leading real-time money movement, driving innovative commerce solutions like open payments for transit systems, or making advancements in new areas like verification and open banking, we are playing a key role in shaping the future of the digital economy in Canada.

Want to make a lasting impact amongst a community of creative thinkers, problem solvers, technical gurus and high-performance application developers? We want to hear from you.

The Innovation, Leadreporting to the Head, Innovationwill be responsible for exploring and validating new ideas while defining the key success metrics for proof of concept (POC) testing and incubation. They will maintain open lines of communication with product owners to develop a deep understanding of relevant offerings within Interac’s lines of business.

You’ll be responsible for:

  • Exploring and evaluating new idea/opportunity/problems leveraging market insights.

  • Analyzing Interac’s current products and promoting/recommending solutions and areas of improvement.

  • Prioritizing areas for growth amongst competing priorities using appropriate criteria.

  • Defining customer/participant pain points and clearly articulating problem statements.

  • Ideating to detail problem/opportunity statements, exploring alternative approaches.

  • Establishing options, flows etc. and defining the path forward, developing POC strategies that align with company goals and customer needs.

  • Defining the potential Total Addressable Market (TAM), Serviceable Addressable Market (SAM), and Serviceable Obtainable Market (SOM).

  • Working with Product, Corporate Development and Finance to align with corporate strategy and financial models.

  • Developing and presenting supporting business cases.

  • Defining key success metrics to allow for tracking POC success.

You bring:

  • 10+ years of hands-on experience leading the exploration and validation of new ideas/problems to leverage existing products.

  • Eligibility to work for Interac Corp. in Canada in a full-time capacity.

  • A comprehensive understanding of strategic and economic principles.

  • Extensive knowledge of the latest payment/verification trends and best practices to ensure the organization remains at the forefront of advancements.

  • Understanding that success is in the details. You notice things that others don't. Your analytical and critical thinking skills help to inform your decision making.

  • Proficiency in business modeling and problem solving that is not only innovative but also practical in addressing real-world business issues.

  • Proven experience in building and maintaining relationships and time management.

  • The ability to quickly understand the organization’s products, their features and positioning in the market.

  • You are a proactive problem-solver with a demonstrated track record of driving continuous improvement initiatives.

  • Proven experience in building products (nice to have).

Interac requires employees to complete a background check that is completed by one of our service providers. We use this service to complete the following checks:

  • 5-year employment verification;
  • Canadian criminal record check;
  • Education verification;
  • Canadian ID cross-check;
  • Public safety verification; and
  • Credit inquiry

How we work
We know that exceptional people have great ideas and are passionate about their work. Our culture encourages excellence and actively rewards contributions with:

Connection: You’re surrounded by talented people every day who are driven by their passion of a common goal.

Core Values: They define us. Living them helps us be the best at what we do.

Compensation & Benefits: Pay is driven by individual and corporate performance and we provide a multitude of benefits and perks.

Education: To ensure you are the best at what you do we invest in you