Senior Product Manager, Specialized Deposits

Job Description

What is the opportunity?

We're seeking a Senior Product Manager to develop and manage deposit products within our US cash management portfolio, including specialized offerings such as DACAs, Blocked Accounts, Escrows, and other emerging niche deposit products. This role combines strategic product development with hands-on execution, offering the opportunity to build deep expertise in complex, high-value products while developing leadership capabilities for progression into broader deposits and cash management product role.

What will you do?

Product Strategy & Development

• Define and execute product roadmaps for specialized deposit offerings, leveraging market research and cross-functional insights to identify opportunities and client needs. Translate business requirements into prioritized backlogs and technical specifications for engineering delivery.

Operational Excellence & Scalability

• Build scalable operational foundations by establishing product requirements, workflows, and implementation frameworks. Drive continuous process improvements to optimize delivery efficiency and enhance client experience.

Compliance & Risk Management

• Embed regulatory requirements into product design, documentation, and risk assessments from inception. Maintain audit readiness through proactive monitoring of regulatory changes, examination support, and cross-functional collaboration with Legal, Compliance, and Risk teams.

What do you need to succeed?

Must have:

• 7+ years in institutional or transaction banking (sales, product, or operations) with knowledge of commercial deposits or cash management products.

• Bachelor’s degree in business, Finance, Economics, or related field (or equivalent professional experience)

• Learnability & Execution: Hunger to master deposit and liquidity products; comfort with steep learning curves; proficiency with productivity, analytical, and AI-based tools to drive efficiency; ability to deliver results in competing-priority environments

• Communication: Excellent presentation and communication skills with demonstrated expertise in creating compelling PowerPoint presentations; ability to translate complex products into clear, visually effective narratives for internal and external stakeholders relative to the participants and audience engaged; experience leveraging AI tools to enhance clarity and impact

• Collaboration: Proven ability to influence and drive alignment across Operations, Legal, Compliance, Risk, and Sales without formal authority; skilled at leveraging AI-driven tools and data to facilitate cross-functional decision-making and accelerate consensus-building

• Analytical & Detail-Oriented: Strong problem-solving abilities; proficiency with analytical, visualization, and AI-based tools; capacity to synthesize complex information into actionable insights supported by data-driven presentations and AI-enhanced analysis

• Ownership: Taking responsibility for end-to-end outcomes and solutions; ensuring deliverables—including presentations and analyses—meet stakeholder expectations and business requirements; committed to adopting emerging tools and technologies to maximize team efficiency

Nice to have:

• Direct experience with specialized deposit products: Control Agreements, Blocked / Pledge Accounts, Escrow and Trust or similar offerings

• Experience in institutional banking, transactional banking, or enterprise cash management

• Hands-on experience in agile product management, including user story creation and backlog management

• Working experience with product management tools such as JIRA, Confluence, Asana, Mural and Figma.

• Familiarity with technology-driven product management or operations

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

• Leaders who support your development through coaching and managing opportunities 

• Work in a dynamic, collaborative, progressive, and high-performing team

• Opportunities to do challenging work

• Flexible work/life balance options

Job Skills

Business Case Design, Communication, Critical Thinking, Effectiveness Measurement, Financial Regulation, Interpersonal Relationship Management, Product Development Lifecycle, Product Development Methodology, Product Services, Results-Oriented, Waterfall Model

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity:

TorontoCountry:

CanadaWork hours/week:

37.5Employment Type:

Full timePlatform:

CAPITAL MARKETSJob Type:

RegularPay Type:

SalariedPosted Date:

2026-08-12Application Deadline:

2026-08-28Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.

Pay Range

The expected pay range for this position is:

$110,000.00 - $140,000.00

The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay rage for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.

You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.