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About the Role

The Senior Manager, Cross border Deposit Products is responsible for the suite of deposit products across product strategy, pricing, and profit & loss management. This role owns the suite of deposit products including chequing, CDs, and money market products, providing senior-level product management and oversight. The position collaborates with various teams to ensure alignment, prioritization, and execution against desired outcomes, proactively identifying innovation, monitoring, and pricing opportunities to drive portfolio growth.

Responsibilities

Lead RBC Bank Deposits Portfolio Management: Oversee deposit product portfolio across chequing, CDs, and money market products with full P&L and pricing accountability for strategy, execution, performance, risk management, and forecasting.
Design Client-Centric Strategies: Deeply understand client pain points, competitive landscapes, and market trends to create differentiated value propositions that drive portfolio growth and satisfaction.
Drive Cross-Functional Collaboration: Partner with Digital, Assisted Channels, Operations, Risk, Digital, Marketing, and Technology teams to align on shared goals and optimize experiences.
Execute Strategic Roadmaps: Translate vision into actionable plans with defined KPIs, MVPs, A/B testing, segmentation of offers, hypothesis-based validation, and iterative launches, ensuring profitability and risk mitigation.
Develop Financial Business Cases: Analyze market insights, validate demand, engage external partners, and collaborate with marketing to assess viability and recommend enhancements.
Own End-to-End Risk Management: Manage reputational, regulatory, and strategic risks; lead fraud prevention and mitigation strategies with Risk, Legal, and Compliance teams.
Lead Cross-Functional Initiatives: Act as accountable owner for deposit product portfolio in product initiatives, formulating strategic recommendations and optimizing P&L impact.
Monitor Industry & Competitor Trends: Benchmark portfolio performance, maintain awareness of economic trends, and manage product impact through regular industry analysis.

Requirements

7–10 years of experience in product management including pricing, P&L, product strategy & innovation
Deep expertise owning and driving growth in everyday banking products such as deposit products
Strong financial acumen to analyze revenue/cost levers and set balance growth, revenue, and profitability targets.
Experience developing business cases and conducting risk assessments to drive prioritization and execution decisions
Demonstrated ability to identify, evaluate, and champion innovative product solutions / value proposition to enhance portfolio performance
Deep understanding of Canadian banking culture and cross-border client needs.
Exceptional influence and communication skills to align stakeholders outside direct control.

Skills

Communication
Critical Thinking
Group Problem Solving
Knowledge Organization
Long Term Planning
Product Development Lifecycle
Product Manufacturing
Product Services
Product Testing
Waterfall Model
Data analytics
Digital enablement strategies

Location

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

Work Type

Full time
Salaried

Experience Level

Senior Manager
7–10 years

Education Level

Bachelor’s degree in Business, Finance, or a related field.
Masters in Business Administration

Benefits

Competitive compensation
Flexible benefits
Pension program with company-matching contributions
Health, dental, vision, life, disability insurance
Paid-time off

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.
Expand your limits and create a new future together at RBC.
Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

Equal Opportunity

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.