Top Benefits
About the role
Job Description
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 & Development
Develop 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 Optimization
Recommend 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 escalate policy exceptions for strategic deals. Collaborate on broader pricing initiatives and total relationship pricing strategies.
P&L Accountability & Financial Management
Own 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 Management Manage 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 What do you need to succeed?
Must have
Finance or Business degree Minimum 5-10 years of combined experience in product management, product development, and lifecycle management Minimum 3-5 years of specialized experience in deposits product management and/or deposit transfer pricing Proven track record in building, launching, and managing product portfolios and roadmaps Strong financial acumen with demonstrated P&L management experience in financial institutions, knowledge of funds transfer pricing Strong analytical skills with expertise in deposit pricing, volume analysis, and interest rate dynamics Proven experience in product design, market analysis, and competitive positioning Understanding of business and corporate liquidity management, cash flow management, and payment processing Strong understanding of relevant risk identification and mitigation strategies Solid working knowledge of desktop software: Excel, Word, PowerPoint People leadership experience with proven ability to build and develop high-performing teams Nice to have: MBA or equivalent post-graduate degree Accounting or Finance certification Experience in go-to-market and commercialization execution Experience with wholesale, corporate, commercial, or SME business clients Global mindset and market awareness 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.
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team Opportunities to do challenging work Job Skills Communication, Critical Thinking, Effectiveness Measurement, Financial Regulation, Interpersonal Relationship Management, Long Term Planning, Product Development Lifecycle, Product Development Methodology, Product Services, Results-Oriented, Waterfall Model Additional Job Details Address: RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTO City: Toronto Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: PERSONAL & COMMERCIAL BANKING Job Type: Regular Pay Type: Salaried Posted Date: 2026-07-31 Application Deadline: 2026-08-15 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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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.
Not the right fit? Search for Director, Interest jobs in Toronto, Ontario, Canada
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Similar Jobs
Top Benefits
About the role
Job Description
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 & Development
Develop 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 Optimization
Recommend 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 escalate policy exceptions for strategic deals. Collaborate on broader pricing initiatives and total relationship pricing strategies.
P&L Accountability & Financial Management
Own 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 Management Manage 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 What do you need to succeed?
Must have
Finance or Business degree Minimum 5-10 years of combined experience in product management, product development, and lifecycle management Minimum 3-5 years of specialized experience in deposits product management and/or deposit transfer pricing Proven track record in building, launching, and managing product portfolios and roadmaps Strong financial acumen with demonstrated P&L management experience in financial institutions, knowledge of funds transfer pricing Strong analytical skills with expertise in deposit pricing, volume analysis, and interest rate dynamics Proven experience in product design, market analysis, and competitive positioning Understanding of business and corporate liquidity management, cash flow management, and payment processing Strong understanding of relevant risk identification and mitigation strategies Solid working knowledge of desktop software: Excel, Word, PowerPoint People leadership experience with proven ability to build and develop high-performing teams Nice to have: MBA or equivalent post-graduate degree Accounting or Finance certification Experience in go-to-market and commercialization execution Experience with wholesale, corporate, commercial, or SME business clients Global mindset and market awareness 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.
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team Opportunities to do challenging work Job Skills Communication, Critical Thinking, Effectiveness Measurement, Financial Regulation, Interpersonal Relationship Management, Long Term Planning, Product Development Lifecycle, Product Development Methodology, Product Services, Results-Oriented, Waterfall Model Additional Job Details Address: RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTO City: Toronto Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: PERSONAL & COMMERCIAL BANKING Job Type: Regular Pay Type: Salaried Posted Date: 2026-07-31 Application Deadline: 2026-08-15 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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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.
Not the right fit? Search for Director, Interest jobs in Toronto, Ontario, Canada
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.