Job Duties
Job Description
What is the opportunity?
The Sr. Product Owner - Banking/Cash Management provides strategic leadership over digital product initiatives in RBC's Banking & Lending business within US Wealth Management. This role drives the product strategy, innovation, and delivery of cash management solutions-including Bill Pay, Money Movement (ACH/Wires), checking accounts, and debit cards-to strengthen our platform and client experience.
What will you do?
Strategic Leadership
Define digital product strategy for banking products, including cash management accounts, money movement, and checking/debit card services
Establish product roadmaps aligned with lending business goals and customer needs
Identify market opportunities and competitive gaps in banking and cash management products
Drive innovation in customer-facing and internal platform experiences
Ensure compliance with banking regulations, anti-money laundering (AML), and consumer protection frameworks
Team Leadership & Development
Coach cross-functional teams on product strategy, regulatory requirements, and banking industry best practices
Foster collaboration between product, compliance, risk, fraud prevention, and business teams
Portfolio & Financial Management
Oversee banking product portfolio performance and ROI
Manage budget for technology used for banking products
Prioritize investments based on customer value, revenue impact, and strategic fit
Present business cases to secure funding for digital transformation and product innovation
Monitor product profitability, cost structures, and operational efficiency
Stakeholder & Executive Engagement
Communicate product performance, market insights, and competitive positioning to Banking & Lending leadership
Manage relationships with key stakeholders including Banking/Lending Product team, vendors, IT/App Dev partners, compliance, and risk teams
Communicate product vision and roadmap across the organization
Represent product function in regulatory and strategic business discussions
Ensure alignment with RBC's broader digital and lending strategy
Process & Governance
Establish product management frameworks aligned with banking regulations and RBC governance standards
Implement decision-making structures for product launches and feature prioritization
Ensure compliance with federal banking regulations, consumer protection laws, and fair lending requirements
Drive continuous improvement in product development processes while maintaining security and data privacy standards
Coordinate with Security, Compliance, Risk, and Fraud Prevention teams on product initiatives
Support product documentation and audit requirements
What do you need to succeed?
Must-have
Bachelor's degree, preferably in business, finance or technology
7+ years of product management experience in financial services (banking, lending, or consumer finance)
5+ years leading product management teams
Proven track record of scaling digital products in highly regulated banking environments
Strong understanding of banking industry and lending operations
Experience navigating regulatory compliance, risk management, and consumer protection in financial services
Excellent strategic thinking and executive communication abilities
Deep knowledge of agile and digital product development methodologies
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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
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 build close relationships with clients.
The expected salary range for this particular position is $100,000-170,000, 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 share.
Job Skills
Agile Methodology, Business Case Design, Business Oriented, Communication, Decision Making, Long Term Planning, Process Management, Software Product Management, Software Quality Assurance (SQA), Time Management
Additional Job Details
Address:
250 NICOLLET MALL:MINNEAPOLIS
City:
Minneapolis
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2026-09-03
Application Deadline:
2026-09-28
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
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.
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status or any other legally-protected factors.
Minimum Education Required
Bachelor Degree
Minimum Experience Required
7 - 20 years
Shift
First (Day)
Number of Openings
1
Public Transportation Accessible
Yes
Veterans Encouraged to Apply
Yes
Physical Required
Yes
Drug Test Required
Yes
Compensation
$11.41 / Hourly
Postal Code
55401
Job Type
Full Time
Place of Work
On-site
Requisition ID
RBCAA0088R0000186473EXTERNALENCA
Job Benefits
Not specified
