Director - Digital Lending/Products

Royal Bank of Canada•Edina, MN

1d•$140,000 - $230,000•Onsite

About The Position

The Director – Digital Lending/Cash provides strategic leadership and oversight of digital product initiatives in RBC's Banking & Lending business within US Wealth Management. They manage a team of Product Owners, align product strategy with banking and lending objectives, and drive innovation across the digital client experience and lending solutions portfolio. This role focuses on the multiple lending and deposit products, including cash sweep and savings, as well as other lending products like mortgages, credit cards and specialized products such as securities-based lending and tailored lending.

Requirements

12+ years of product management experience in financial services (banking, lending, or consumer finance)
5+ years leading product management teams
Proven track record of scaling digital products in highly regulated banking environments
Strong understanding of banking industry, deposit products, credit products, and lending operations
Experience navigating regulatory compliance, risk management, and consumer protection in financial services
Excellent strategic thinking and executive communication abilities
Deep knowledge of agile and digital product development methodologies

Responsibilities

Define digital product strategy for deposit products, credit products, and lending solutions
Establish product roadmaps aligned with interest and lending business goals and customer needs
Identify market opportunities in alternative lending, and credit products
Drive innovation in customer-facing and internal lending platform experiences
Ensure compliance with banking regulations, anti-money laundering (AML), and consumer protection frameworks
Hire, mentor, and develop Product Owners focused on banking and lending solutions
Provide coaching on product strategy, regulatory requirements, and banking industry best practices
Set performance expectations and conduct regular evaluations
Foster collaboration between product, compliance, risk, fraud prevention, and business teams
Oversee digital banking and lending product portfolio performance and ROI
Manage budget allocation across deposit products, lending platforms, payment solutions, and customer tools
Prioritize investments based on customer value, revenue impact, and strategic fit
Present business cases to secure funding for digital transformation and product innovation
Monitor product profitability, cost structures, and operational efficiency
Report to Banking & Lending leadership on product performance, market trends, and competitive positioning
Manage relationships with key stakeholders including Banking/Lending Product team, vendors, IT/App Dev partners, compliance, and risk teams
Communicate product vision and roadmap across the organization
Represent product function in regulatory and strategic business discussions
Ensure alignment with RBC's broader digital and lending strategy
Establish product management frameworks aligned with banking regulations and RBC governance standards
Implement decision-making structures for product launches and feature prioritization
Ensure compliance with federal banking regulations, consumer protection laws, and fair lending requirements
Drive continuous improvement in product development processes while maintaining security and data privacy standards
Coordinate with Security, Compliance, Risk, and Fraud Prevention teams on product initiatives
Support product documentation and audit requirements