Senior Manager, Interest Bearing Products, Direct Investing

Job Description

What is the opportunity?

RBC Direct Investing is RBC's online retail brokerage offering industry-leading tools and research to help clients pick the right investments, place trades quickly and track how they are doing. As Senior Manager, Interest Bearing Products, you will be accountable for P&L outcomes related to the net interest income P&L lines. You will develop strategies and deliver initiatives focused on optimizing interest income including optimizing deposit and margin pricing, leading contribution and transfer campaigns and developing new opportunities and managing savings opportunities available through the retail brokerage.

What will you do?

• Optimize the interest bearing portfolio at Direct Investing including margin lending and savings/deposit products

• Drive revenue growth through business planning, and being accountable for P&L outcomes for the Direct Investing interest bearing portfolio

• Transform data into strategic insights for decision making, by both participating and driving programs from initiation to completion to ensure actionable insights are implemented

• Partnering with stakeholders, deliver solutions to address client needs, close product gaps and lead the market on brokerage saving and borrowing products

• Report regularly to senior management on P&L outcomes, market trends, and key opportunities and risks

What do you need to succeed?

Must-have:

• Undergraduate degree in business, finance, or related discipline

• 3+ years of relevant experience managing P&L outcomes, leading initiatives or developing and delivering on strategy

• A critical thinking, analytical mindset with a data-led approach to decision making

• Strong communication, negotiation and people skills

• Strong understanding of financial services economics and P&L drivers

• Strong ability to deliver in both small team settings and across large matrix organizations

Nice to have:

• Experience in the securities industry, particularly at a self-directed brokerage

• Proficiency with SQL, Python, R, or other equivalent analytical tools

• Experience with applied statistics - such as distribution analysis and statistical significance

• Deep curiosity about data, processes, and client behaviour

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

Actionable Insights, Commercial Acumen, Critical Thinking, Decision Making, Financial Planning and Analysis (FP&A), Group Problem Solving, Interpersonal Relationship Management, Personal Initiative, Product Services, Strategy Development

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:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-03-25

Application Deadline:

2026-04-10

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.