What is the opportunity?The Director, Interest-Bearing Deposits is responsible for comprehensive oversight and management of RBC's interest-bearing deposit product portfolio. This role directly supports core objectives to optimize interest margins, maximize market share, and drive profitability. You will serve as the primary product owner and thought leader, ensuring all deposit products are strategically positioned, competitively priced, and aligned with Commercial Banking strategies while maintaining rigorous risk and compliance standards.What will you do?Product Strategy & DevelopmentDevelop and execute comprehensive product vision, strategy, and roadmap; enhance capabilities and recommend features aligned with business needs, client requirements, and regulatory expectations.Lead commercialization and go-to-market strategy while partnering with other product owners to ensure consistent client experience across BDLM and RBC's broader suite.Monitor market trends and act as a thought leader in competitive positioning.Pricing & Revenue OptimizationRecommend rate setting for assigned administered products and manage pricing within delegated authorities; analyze volume and interest rate dimensions to drive competitive strategy, achieve spreads/revenue targets, and inform pricing discipline.Approve pricing exceptions within delegated limits for key client deals and ...Collaborate on broader pricing initiatives and total relationship pricing strategies.P&L Accountability & Financial ManagementOwn P&L and compliance accountability for the interest-bearing deposit portfolio.Develop acquisition strategies to grow deposit market share and establish robust reporting to track balance growth, client retention, and spreads.Support annual business plans in collaboration with Sales, Marketing, and Business Segment.Manage budget for product-related projects and initiatives as approved by the Commercial Banking Investment Review Board.Manage Annual Portfolio Distribution exercises with Corporate Treasury to optimize portfolio performance,



revenue growth and support strategic decision-making.Product Lifecycle ManagementManage interest-bearing deposit products through their complete lifecycle with adequate risk assessment and control measures, overseeing end-to-end delivery including sales channels and customer service.Develop and maintain policies ensuring compliance with evolving regulations (AML, industry standards); lead continuous improvement initiatives for cost efficiency and quality.Maintain strong relationships and influence across all teams to coordinate product compliance, market initiatives and create product-related marketing materials and collateral.Must have:Finance or Business degreeMinimum 5-10 years of combined experience in product management, product development, and lifecycle managementMinimum 3-5 years of specialized experience in deposits product management and/or deposit transfer pricingProven track record in building, launching, and managing product portfolios and roadmapsStrong financial acumen with demonstrated P&L management experience in financial institutions, knowledge of funds transfer pricingStrong analytical skills with expertise in deposit pricing, volume analysis, and interest rate dynamicsProven experience in product design, market analysis, and competitive positioningUnderstanding of business and corporate liquidity management, cash flow management, and payment processingStrong understanding of relevant risk identification and mitigation strategiesSolid working knowledge of desktop software: Excel, Word,



PowerPointPeople leadership experience with proven ability to build and develop high-performing teamsNice to have:MBA or equivalent post-graduate degreeAccounting or Finance certificationExperience in go-to-market and commercialization executionExperience with wholesale, corporate, commercial, or SME business clientsGlobal mindset and market awarenessWhat'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.Ability to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workJob SkillsCommunicationCritical ThinkingEffectiveness MeasurementFinancial RegulationInterpersonal Relationship ManagementLong Term PlanningProduct Development LifecycleProduct Development MethodologyProduct ServicesResults-OrientedWaterfall ModelAdditional Job DetailsAddress: RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTOCity: TorontoCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: PERSONAL & COMMERCIAL BANKINGJob Type: RegularPay Type: SalariedPosted Date: 2026-07-31Application Deadline: 2026-08-15Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveAt 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 prospect for all. #J-18808-Ljbffr

📌 Director, Interest-Bearing Deposits (Toronto)
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📍 Toronto