Retirement Solutions Product Manager-Individual

Royal Bank of Canada • Minneapolis, MN

3d • $85,000 - $150,000

About The Position

What is the opportunity? The Retirement Solutions team acts as the primary source of product development, management, and support for retirement products sold throughout the RBC US Wealth Management (WM) distribution channel, including individual retirement accounts and employer-sponsored retirement plans. The Product Manager, Retirement Solutions is responsible for product development and management of products used by employer-sponsored retirement plans, including internal plans and accounts, and third-party products. Product management efforts include ensuring the platform provides competitive solutions, developing policies and procedures in compliance with regulatory requirements, developing and implementing strategic initiatives, and managing vendor/partner relationships. The Product Manager role is ultimately responsible for identifying product opportunities and challenges, expanding product offerings to ensure competitive positioning is achieved in the marketplace, developing policies and procedures to mitigate risk, communicating across the organization, developing educational campaigns, designing and implementing strategic initiatives and managing partner/vendor relationships. What will you do? Develop and lead the implementation of strategy that supports the US Wealth Management business lines in identifying distribution opportunities to enhance and promote the retirement product offerings. Manage the review of new product offerings and platform enhancements to existing products. Implementation includes product review, marketing, legal, compliance and communication strategies. Conduct research on competitive landscape and industry trends to ensure products are in line with market and client needs. Identify product challenges and recommend solutions. Monitor the regulatory environment to determine business risks and impacts. Recommend and implement policy and process changes as required. Actively participate in the design of training and education functions for Financial Advisors and branch support staff designed to increase sales, productivity and field efficiencies. What do you need to succeed? Must-have BA/BS in business, finance or marketing with 7+ years securities or financial markets experience An understanding of employer-sponsored retirement plans and advisory products Excellent project management and organizational skills with an understanding of product, technology, operations and sales and marketing Series 7, 63 or 65/66, Life and Health license or ability to get licensed Nice-to-have MBA Industry relevant designation 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. 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 The good-faith expected salary range for the above position is $85,000 - $150,000, depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan. RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that: Drives RBC’s high-performance culture Enables collective achievement of our strategic goals Generates sustainable shareholder returns and above market shareholder value

Requirements

• BA/BS in business, finance or marketing with 7+ years securities or financial markets experience
• An understanding of employer-sponsored retirement plans and advisory products
• Excellent project management and organizational skills with an understanding of product, technology, operations and sales and marketing
• Series 7, 63 or 65/66, Life and Health license or ability to get licensed

Nice To Haves

• MBA
• Industry relevant designation

Responsibilities

• Develop and lead the implementation of strategy that supports the US Wealth Management business lines in identifying distribution opportunities to enhance and promote the retirement product offerings.
• Manage the review of new product offerings and platform enhancements to existing products.
• Implementation includes product review, marketing, legal, compliance and communication strategies.
• Conduct research on competitive landscape and industry trends to ensure products are in line with market and client needs.
• Identify product challenges and recommend solutions.
• Monitor the regulatory environment to determine business risks and impacts.
• Recommend and implement policy and process changes as required.
• Actively participate in the design of training and education functions for Financial Advisors and branch support staff designed to increase sales, productivity and field efficiencies.

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