Senior Manager, Cross-Border Deposit Products

RBC•Toronto, ON

5d•Onsite

About The Position

The Senior Manager, Cross border Deposit Products is responsible for the suite of deposit products across product strategy, pricing, and profit & loss management. Own the suite of deposit products across chequing, CDs, and money market products. The role provides senior level product management and oversight of the deposit portfolio collaborating with other product team members, Marketing, Digital, Assisted Channels, and Operations to ensure appropriate alignment, prioritization and execution against the desired end state and outcomes. Proactively identifies and prioritizes product innovation opportunities, portfolio monitoring activities, and pricing opportunities to drive growth of the portfolio.

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

Nice To Haves

Masters in Business Administration
Advanced skills in data analytics and digital enablement strategies.

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.