Job Description

Come Work with Us!

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title Senior Product Manager Business Deposits & Analytics



What is the opportunity?

RBC is currently looking for a Senior Product Manager reporting into the Business Liquidity & Deposit Solutions team. This Product Management leader role with specialization in analytics and portfolio insights for Business deposits. will apply data science & analytics expertise along with strong business acumen to surface relevant insights and recommend actions. You will lead key strategic initiatives for Business Deposits including interest rate pricing along with risk and growth strategies for the entire portfolio. You will apply extensive, in-depth knowledge, skills, and practices to perform complex assignments, and will focus on the analytics and portfolio insights for business deposits and liquidity solutions supporting the needs of the business. You will apply data & analytics expertise along with strong business acumen to surface relevant insights and recommend actions.

From tracking market rate movements, engaging treasury and the field on how business deposits are behaving, and supporting pricing and analytics to broader flow of funds across the portfolio- this is an exciting role very much entrenched into one of the largest revenue contributors to Business Financial Services. The role will require utilizing data & analytics expertise to surface insights along with a good balance of storytelling, and cross-collaboration with stakeholders to drive market share volume growth along with net interest income growth.

What will you do?

Manage analytics "infrastructure" particularly our Flow of Funds tool and support to continually monitor performance on all aspects of deposit volume and associated revenues across all the relevant segments and sectors within BFS.

Deliver accurate and timely analytics that enable the business to meet both short term and long term Market Share objectives. This also includes the needed analytics for on-going reviews including monthly & quarterly Business Review Deliverables for BD&TS

Lead data analytics initiatives and identify insights opportunities for BD&TS portfolio, partnering with BDTS SMT and Enterprise Analytics team (DNA) to optimize portfolio and revenue growth

Act as a partner and subject matter expert to the team on RBC internal data

Deliver end-to-end analysis and presenting actionable insights to stakeholders in a timely and effective manner

Communicate, frame and align analytical objectives with senior leaders

Own, automate, and standardize deposits portfolio analyses and work collaboratively with partners from Corporate Treasury

Build and maintain complex queries, reports and dashboards for products & features that drive value in pricing decisions and customer conversations

Promote analytics across the broader team to enable RBC to become a data-driven organization

As may be assigned, product oversight on all interest bearing accounts including negotiated products, administered rate products, GICs as well as the NIM for non-interest bearing accounts ensuring commitment to RBC values, employee engagement, employee accountability, and building a diverse work environment, delegating authority and accountability required to deliver superior client experience, high performance & profitability

Implement product strategy, process supporting all segment strategies for Business Financial Service Accounts to sustain and improve RBC's competitive position and client experience in its key markets

What do you need to succeed?

Must-have

University degree in Quantitative field of study (e.g Statistics, Economics, Finance, Engineering) and/or MBA - Role requires broad business management insight and knowledge, especially in Business Sector Behaviour

5-10 years in Data Science/Finance/Analytics field

Significant experience in utilizing advanced SQL to build meaningful data views

Expert programming skills with Python. Proficient with data manipulation and visualization libraries/frameworks

Expert visualization skills with Tableau

Effective and comfortable in business and technical environment.

Ability to take initiative, multi-task and work in a fast-paced environment

Strong Project Management skills

Influencing skills

Strong PowerPoint skills in creating and presenting

Nice-to-have

Experience in payment and cash management

Bank Liabilities/Deposits Management & Interest Rate Risk Knowledge

Product Management experience

Agile Methodology

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

Ability to make a difference and lasting impact which includes exposure to key decision makers throughout the organization

Work with a dynamic, collaborative, progressive, and high-performing team

Opportunity to take on progressively responsibilities commensurate with your performance

Job Summary

Address: TORONTO, Ontario, Canada

City: CAN-ON-TORONTO

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: Personal and Commercial Banking

Job Type: Regular

Pay Type: Salaried

Posted Date: 2022-11-21-08:00

Application Deadline: 2022-12-21-08:00

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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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 rbc.com/careers.