Senior Product Manager, Business Deposits Products

Job Description

What is the opportunity?

The Senior Product Manager, Business Deposits Products is a Product Management role accountable for the delivery and management of Business interest bearing deposit products, targeting Business Clients across all channel and market segmentations to maintain RBC's #1 market share position. You will lead on key cross business and platform strategic initiatives and be responsible for managing product, pricing, financials, business risks and distribution channel for the following:

• Lead Admin Interest portfolio management along with pricing tactics
• Co-lead Deposit Pricing Solution Commercialization and Manage DPS portfolio post launch
• Support ADI/BVI product management including policy, pricing and product strategy
• Perform regular product process review to mitigate any potential business risk
• Lead deposit product related advisor training and communication
• Support business deposit segment strategy development

You will also support and provide guidance on transformative expansion / enhanced capabilities of various Deposit product types within Business Deposits & Treasury solutions.

What will you do?

• Responsible for all aspects of product management life cycle for products assigned

• Work closely with Risk, Law Group, Operations, advisors and other partners in managing deposits portfolio ensuring alignment of procedures, communications, and execution.

• Develop, implement, and maintain product/product portfolio strategies and tactics to ensure products continue to offer strong value propositions to all our business client segments
• Ensure risk assessments are documented and updated as per the required schedule and that adequate control measures are implemented and maintained throughout product life cycles
• Understand not only the risks associated with your products but also the risk mitigants and how they impact the risk rating of the product portfolio
• Ensure effective management of each product through its lifecycle to capture its full business, market, and profitability potential
• Complete/update policies and procedures for products as required
• Work with internal groups and external providers to lower error rates, improve service levels and increase reliability to continually improve Client Satisfaction and retention levels

What do you need to succeed?

Required:

• University degree in Business Commerce and/or MBA – Role requires broad business management insight and knowledge, especially in client relationship concepts and principles
• 5-7 years of relevant or similar experience
• Experience in Product Management
• Strong Project Management skills
• Strategic influencing skills
• Strong business acumen
• Robust analytical and problem-solving skills, especially in ambiguous situations
• Strong PowerPoint skills in creating and presenting
• Familiarity with RBC deposit products and related systems preferred

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

Job Skills

Additional Job Details

Address:

RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

PERSONAL & COMMERCIAL BANKING

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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