Retirement Solutions Product Manager-Individual

RBC • Minneapolis, MN

1d • $85,000 - $150,000

About The Position

The Retirement Solutions team is the primary source of product development, management, and support for retirement products distributed through RBC US Wealth Management, including individual retirement accounts and employer-sponsored retirement plans. The Product Manager, Retirement Solutions is responsible for managing products used by employer-sponsored retirement plans, including internal plans and accounts and third-party products.

The role ensures the platform offers competitive solutions; develops policies and procedures that meet regulatory requirements and mitigate risk; designs and implements strategic initiatives; and manages vendor and partner relationships. The Product Manager identifies product opportunities and challenges, expands offerings to maintain competitive positioning, communicates across the organization, and develops educational campaigns.

The position is based at 250 Nicollet Mall in Minneapolis, Minnesota. It is a full-time, salaried role with a stated workweek of 40 hours.

Requirements

• Bachelor of Arts or Bachelor of Science in business, finance, or marketing.
• At least 7 years of securities or financial markets experience.
• Understanding of employer-sponsored retirement plans and advisory products.
• Excellent project management and organizational skills, with an understanding of product, technology, operations, sales, and marketing.
• Series 7, 63, or 65/66 license, and Life and Health license, or ability to obtain the required licenses.

Nice To Haves

• MBA.
• Industry-relevant designation.

Responsibilities

• Develop and lead implementation of strategies that help US Wealth Management business lines identify distribution opportunities and promote retirement product offerings.
• Manage reviews of new product offerings and enhancements to existing products, including product review, marketing, legal, compliance, and communication strategies.
• Research the competitive landscape and industry trends to ensure products meet market and client needs.
• Identify product challenges and recommend solutions.
• Monitor the regulatory environment for business risks and impacts, and recommend and implement policy and process changes as needed.
• Participate in designing training and education for Financial Advisors and branch support staff to increase sales, productivity, and field efficiency.
• Develop policies and procedures, implement strategic initiatives, and manage vendor and partner relationships.

Benefits

• Bonuses and flexible benefits.
• Competitive compensation and commissions.
• Stock where applicable.
• 401(k) program with company-matching contributions.
• Health, dental, vision, life, and disability insurance.
• Paid time-off plan.
• Coaching and opportunities for development.
• Flexible work/life balance options.
• Opportunities to take on progressively greater accountabilities and access to job opportunities across the business.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior