Senior Digital Product Owner - Banking
RBC · Minneapolis, United States · 19d ago
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 ManagementAdditional Job Details
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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.