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About the Role

The Director, Interest-Bearing Deposits, is responsible for comprehensive oversight and management of RBC's interest-bearing deposit product portfolio. This role directly supports core objectives to optimize interest margins, maximize market share, and drive profitability. You will serve as the primary product owner and thought leader, ensuring all deposit products are strategically positioned, competitively priced, and aligned with Commercial Banking strategies while maintaining rigorous risk and compliance standards.

Responsibilities

Develop and execute comprehensive product vision, strategy, and roadmap; enhance capabilities and recommend features aligned with business needs, client requirements, and regulatory expectations.
Lead commercialization and go-to-market strategy while partnering with other product owners to ensure consistent client experience across BDLM and RBC's broader suite.
Monitor market trends and act as a thought leader in competitive positioning.
Recommend rate setting for assigned administered products and manage pricing within delegated authorities; analyze volume and interest rate dimensions to drive competitive strategy, achieve spreads/revenue targets, and inform pricing discipline.
Approve pricing exceptions within delegated limits for key client deals and escalate policy exceptions for strategic deals.
Collaborate on broader pricing initiatives and total relationship pricing strategies.
Own P&L and compliance accountability for the interest-bearing deposit portfolio.
Develop acquisition strategies to grow deposit market share and establish robust reporting to track balance growth, client retention, and spreads.
Support annual business plans in collaboration with Sales, Marketing, and Business Segment.
Manage budget for product-related projects and initiatives as approved by the Commercial Banking Investment Review Board.
Manage Annual Portfolio Distribution exercises with Corporate Treasury to optimize portfolio performance, revenue growth and support strategic decision-making.
Manage interest-bearing deposit products through their complete lifecycle with adequate risk assessment and control measures, overseeing end-to-end delivery including sales channels and customer service.
Develop and maintain policies ensuring compliance with evolving regulations (AML, industry standards); lead continuous improvement initiatives for cost efficiency and quality.
Maintain strong relationships and influence across all teams to coordinate product compliance, market initiatives and create product-related marketing materials and collateral.

Requirements

Finance or Business degree
Minimum 5-10 years of combined experience in product management, product development, and lifecycle management
Minimum 3-5 years of specialized experience in deposits product management and/or deposit transfer pricing
Proven track record in building, launching, and managing product portfolios and roadmaps
Strong financial acumen with demonstrated P&L management experience in financial institutions, knowledge of funds transfer pricing
Strong analytical skills with expertise in deposit pricing, volume analysis, and interest rate dynamics
Proven experience in product design, market analysis, and competitive positioning
Understanding of business and corporate liquidity management, cash flow management, and payment processing
Strong understanding of relevant risk identification and mitigation strategies
Solid working knowledge of desktop software: Excel, Word, PowerPoint
People leadership experience with proven ability to build and develop high-performing teams
MBA or equivalent post-graduate degree
Accounting or Finance certification
Experience in go-to-market and commercialization execution
Experience with wholesale, corporate, commercial, or SME business clients
Global mindset and market awareness

Skills

Communication
Critical Thinking
Effectiveness Measurement
Financial Regulation
Interpersonal Relationship Management
Long Term Planning
Product Development Lifecycle
Product Development Methodology
Product Services
Results-Oriented
Waterfall Model

Location

RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTO
Toronto
Canada

Work Type

Full time

Experience Level

5-10 years
3-5 years

Education Level

Finance or Business degree
MBA or equivalent post-graduate degree
Accounting or Finance certification

Benefits

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

About the Company

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.