Senior Manager, Interest Bearing Products, Direct Investing
About The Position
RBC Direct Investing is RBC’s online retail brokerage offering industry-leading tools and research to help clients pick the right investments, place trades quickly and track how they are doing. As Senior Manager, Interest Bearing Products, you will be accountable for P&L outcomes related to the net interest income P&L lines. You will develop strategies and deliver initiatives focused on optimizing interest income including optimizing deposit and margin pricing, leading contribution and transfer campaigns and developing new opportunities and managing savings opportunities available through the retail brokerage.
Requirements
- Undergraduate degree in business, finance, or related discipline
- 3+ years of relevant experience managing P&L outcomes, leading initiatives or developing and delivering on strategy
- A critical thinking, analytical mindset with a data-led approach to decision making
- Strong communication, negotiation and people skills
- Strong understanding of financial services economics and P&L drivers
- Strong ability to deliver in both small team settings and across large matrix organizations
Nice To Haves
- Experience in the securities industry, particularly at a self-directed brokerage
- Proficiency with SQL, Python, R, or other equivalent analytical tools
- Experience with applied statistics - such as distribution analysis and statistical significance
- Deep curiosity about data, processes, and client behaviour
Responsibilities
- Optimize the interest bearing portfolio at Direct Investing including margin lending and savings/deposit products
- Drive revenue growth through business planning, and being accountable for P&L outcomes for the Direct Investing interest bearing portfolio
- Transform data into strategic insights for decision making, by both participating and driving programs from initiation to completion to ensure actionable insights are implemented
- Partnering with stakeholders, deliver solutions to address client needs, close product gaps and lead the market on brokerage saving and borrowing products
- Report regularly to senior management on P&L outcomes, market trends, and key opportunities and risks
Benefits
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
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What This Job Offers
Job Type
Full-time
Career Level
Senior
