VP, Product Management for Liquidity Solutions, RBC Clear

VP, Product Management for Liquidity Solutions. The role will manage product strategy, design, and development to build out the Liquidity product suite to meet the needs of our global client base in the Cash Management business. This role will support the Director of Liquidity Solutions to work closely with key stakeholders and partners to build alignment of Liquidity product and client strategy, then develop product designs and roadmaps to execute on the strategy. This role will collaborate with Technology partners to ensure successful build of system capabilities, and work with Sales partners to roll out the product capability to clients.

What is the Opportunity?

VP, Product Management for Liquidity Solutions.The role will manage product strategy, design, and development to build out the Liquidity product suite to meet the needs of our global client base in the Cash Management business. This role will support the Director of Liquidity Solutions to work closely with key stakeholders and partners to build alignment of Liquidity product and client strategy, then develop product designs and roadmaps to execute on the strategy. This role will collaborate with Technology partners to ensure successful build of system capabilities, and work with Sales partners to roll out the product capability to clients.

What will you do?

Your main responsibilities will include:

• Continue the deployment of product strategy, roadmap and design; work with key partner groups to build and deliver new products on roadmap for Liquidity Products
• Ensure product strategy aligns with organization and department goals as well as supports client experience and needs.
• Work closely and ensure progress on Pan- US and Global initiatives on Liquidity to create a seamless solution for our clients.
• Work closely with other products around Core Banking, Payments, FX to ensure a coordinated and integrated launch of product and service-capabilities.
• Obtain buy-in and support from various key stakeholders - including senior management, partners, and committees.
• Determine and manage pricing for new products, including standard pricing and exceptions.
• Support sales teams in product training and collateral needs

What do you need to succeed?

To be successful in this role, you will need:

Knowledge

• Liquidity Products covering both on-balance sheet deposit options, Liquidity Sweeps and Off-balance sheet liquidity options.
• Short term money market instruments, interest rates, and yield curves
• Relevant Banking regulations and Tax implications regarding liquidity and balance sheet management

Skills

• Strong collaboration skills and ability to engage business partners both inside and outside of product organization and navigate a highly matrixed environment.
• Effective and concise communicator at all levels, both verbal and written
• Translates strategy into product designs, roadmaps and development plans

Competencies

• A proven track record of developing and executing product development
• Familiarity with Banking Products and Services
• Ability to Balance Competing Priorities / Effective Time Management
• Acts to surpass goals, seizing opportunities to push the envelope, is entrepreneurial, analytical and proactive.
• Sets continually higher goals that are ambitious but realistic for self and team, geared toward organizational objectives.
• Team player with strong interpersonal skills, leadership skills

Education and Experience

• Undergraduate Degree required, Masters Degree preferred
• Prior experience in Liquidity Product Management preferred
• Experience in executing projects/strategies across multiple stakeholders
• A firm grasp of specific trends impacting the banking industry with an overlay of knowledge of broader macro-economic trends
• 10+ years of experience in Liquidity product management or a related field; 5+ years of successively responsible leadership positions within a financial institution
• 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, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities to building close relationships with clients

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, commissions, and stock where applicable

• Leaders who support your development through coaching and managing opportunities

• Ability to make a difference and lasting impact

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

• Opportunities to do challenging work

• Opportunities to building close relationships with clients

The expected salary range for this particular position is $140,000-$190,000, depending on your experience, skills, and registration status, market conditions and business needs. You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high-performance culture

• Enables collective achievement of our strategic goals

• Generates sustainable shareholder returns and above market shareholder value

Job Skills

Additional Job Details

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

Inclusion and Equal Opportunity Employment

At 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.

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.