Product Manager

RBC • Minneapolis, MN

23d • $90,000 - $160,000

About The Position

What is the opportunity? The Product Manager fills a critical product management role by assisting the Sr. Product Manager, Advisory Programs, in the platform management of the Advisory Programs separately managed account (SMA) and unified managed account (UMA) programs. This person will assist in driving growth in fee-based strategies and to ensure competitive positioning is achieved in the marketplace. The Product Manager identifies product opportunities and challenges, leads the development of sales tools, marketing materials and product enhancements on existing programs, establishes new products, communicates across the organization, supports and participates in educational campaigns, and manages multiple vendor relationships. This individual will collaborate with various organizational groups and departments to ensure proper relationships are established and maintained and provides the necessary products and services for use by the Private Client Group/RBC Wealth Management-US (RBC WM-US), and RBC Clearing & Custody (RBC C&C) divisions. The role of Product Manager aligns directly to the RBC WM-US overall strategy of client service. What will you do? Maintain knowledge and understanding of current trends and products and can effectively manage the needs of multiple business channels, advisors, and clients in an increasingly global environment.

Requirements

• BA / BS in a related field or equivalent experience.
• 5 - 7 years securities and financial markets experience.
• Vendor relationship experience.
• In depth knowledge of fee-based platforms and Advisor needs.
• Proficient with MS Office, specifically Excel, Word, PowerPoint, etc. (Ability to adapt to changing technology).
• Securities license of 7, 63/65 or 66 (or willingness to obtain within one year).

Nice To Haves

• Completion or work towards investment management certification course (CFP, CIMA, CFA, MBA).

Responsibilities

• Conduct and coordinate ad-hoc quantitative analysis of product (e.g., profitability, asset growth, revenue, expense, market share and segmentation, program features, etc.)
• Manage product training, marketing & support: Work closely with and act as a resource for multiple business partners in providing effective support and services to the field.
• Serve in an advanced support role for advisors and various business partners in high-level situations that require analysis or policy decisions.
• Enhance and improve sales and marketing tools for the SMA and UMA programs.
• Develop a strong relationship with the research teams and develop coordinated tools and marketing pieces to leverage the respective skill sets.
• Proactively market and communicate with various business channels to better understand each business channels needs and continually improve materials, tools and programs.
• Partner with the various business partners to ensure effective support structure for the programs.
• Partner with various business partners and groups to deliver educational campaigns, training programs, annual symposiums and annual Advisory Council meetings for field management and advisors to help them transition and build wealth management businesses using fee-based solutions.
• Ad hoc duties as required (ex. contribute to cross-functional product initiatives, support RBC WM-US strategic initiatives as needed, etc.).
• Lead in the product development of strategic initiatives to enhance and/or develop the SMA and UMA programs to meet client needs for the Advisory Programs business channel.
• Identify opportunities for new product development, determine solutions to product challenges and manage the implementation of these opportunities and enhancements.
• Maintain an in-depth understanding of the competitive landscape and industry trends to ensure that products are in line with the markets and client needs.
• Manage feedback given by the business channels on recommended changes to products and/or services.
• Develop strong partnerships with various support teams to understand key opportunities and challenges within the programs and develop creative solutions.
• Develop strong relationships with product vendor(s) to enhance service within RBC WM-US and provide tools / products for the business channels to use with their clients.
• Develop and promote positive relationships with RBC WM-US branches and other business channels.
• Be reliable partner for Advisory Programs in competitive recruiting efforts.
• Represent the SMA and UMA programs as a reliable partner for Advisory Programs at forums and meetings.
• Increase product adoption rates among advisors.
• Reduce time-to-market for new products and product enhancements.

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Flexible work/life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Access to a variety of job opportunities across business

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees