Director, Interest-Bearing Deposits

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.

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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.