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.
Product
Strategy & Development ~ Translate business requirements into prioritized backlogs and technical specifications for engineering delivery. 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. 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) ~ 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 ~ capacity to synthesize complex information into actionable insights supported by data-driven presentations and AI-enhanced analysis ~ ensuring deliverables—including presentations and analyses—meet stakeholder expectations and business requirements; Control Agreements, Blocked / Pledge Accounts, Escrow and Trust or similar offerings 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. A comprehensive Total Rewards Program including bonuses and adaptable benefits, competitive compensation Leaders who support your development through coaching and managing opportunities Flexible work/life balance options 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 Employment Type: Full time 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.
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. #
📌 Senior Product Manager, Specialized Deposits (Toronto)
🏢 RBC
📍 Toronto