Senior Product Manager, Money Movement

Royal Bank of Canada•Charlotte, NC

6d•$90,000 - $160,000

About The Position

The Senior Product Manager for Money Movement is the architect of how capital flows into and out of RBC Wealth Management-US. The focus of this role will be on the "velocity of money"—ensuring that high-net-worth clients can move funds via ACH, Bill Pay, and P2P (e.g., Zelle) with minimal friction and maximum speed. This is a high-impact role that sits at the intersection of Product Innovation and Strategic Risk Management. This position will lead the development of intelligent movement rails that increase funds availability and transaction limits for Wealth Management-US’s most valued clients, while simultaneously building the infrastructure to protect the firm and our clients from evolving threats.

Requirements

Bachelor’s degree in finance, business or related field
7+ years in Product Management, with at least 4 years focused on Payments, Money Movement, or FinTech Risk
Expert knowledge of ACH (Standard, Same-Day), Bill Pay rails, and P2P networks. Familiarity with The Clearing House (TCH) or FedNow is a major plus
Demonstrated experience working with Risk/Fraud models to tune "False Positive" rates and improve the client experience without increasing losses
Ability to use data to justify higher limits and faster availability cycles; comfortable with SQL, Tableau, or similar data tools
Ability to navigate a complex matrixed environment and build consensus among competing stakeholders (e.g., Sales vs. Compliance)

Responsibilities

Design and execute a strategy to transition from traditional "next-day" settlement to near-real-time and enhance ACH capabilities
Direct the evolution of the P2P payment experience, tailoring standard consumer tools to handle the higher-value transaction profiles typical of wealth management clients
Modernize the Digital Bill Pay suite, moving beyond legacy platforms to a streamlined, integrated experience that handles complex recurring payments
Lead the product vision for a Variable Limits Engine that dynamically adjusts transfer caps based on real-time risk signals (e.g., Client AUM, account tenure, behavioral patterns, and multi-factor authentication strength)
Optimize "Hold" logic for incoming transfers to increase immediate funds availability for trading, using risk-based segmentation to balance liquidity needs with the bank's risk appetite
Integrate advanced authentication and behavioral analytics into the money movement flow to reduce "friendly fraud" and account takeovers
Act as the primary liaison between the Wealth Management Product team and the Enterprise Payments team to ensure wealth-specific requirements are prioritized in the broader bank roadmap
Lead a cross-functional "Squad" including Engineers, UX Designers, Risk Officers, and Legal Counsel to move features from ideation to production
Drive the adoption of API-first architecture to allow for more flexible money movement integrations with third-party fintech apps and aggregators
Ensure all money movement workflows comply with Regulation E, NACHA rules, and evolving AML/CTF (Anti-Money Laundering) requirements
Monitor operational health through dashboards tracking "Success Rates," "Time to Settle," and "Return/Reversal Rates"

Benefits

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 $90,000-$160,000, (Minneapolis) 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 shareholder value