Job Description
What is the opportunity?The Senior Manager, Group Retirement Products is responsible for the overall product management of group retirement products (Group RRSP, Group TFSA and Deferred Profit Sharing Plans), with a focus on ensuring compliance with mandatory federal legislation, as well as administrative and operational effectiveness. As the subject matter expert for group retirement products, you are responsible for all aspects of the product, including strategy, profitability, policy and development. You will also manage and/or lead assigned initiatives and manage external and internal vendor relationships as part of the group business.What will you do?Accountable for P&L of assigned products while taking into consideration the overall business P&L
Ensure products align and integrate with overall Personal Savings & Investment and Group product strategies and maximize profitability through focused client value propositions, segmented target markets, and efficient sales and service processes
In conjunction with Product Director, develop and maintain product strategies to ensure products are competitively differentiated and continue to offer strong value propositions to our clients (based on in-depth understanding of client needs and processes) focusing on achieving revenue and NIAT targets
Partner with Director in effective management of each product through its lifecycle to capture its full business, market and profitability potential, including end-to-end product delivery (sales/distribution channels and fulfillment) and customer-service support processes and associated costs
Build solutions and processes to ensure product line is compliant with evolving regulations (industry standards, tax regulations, federal/provincial regulations, etc.) while minimizing the potential impact on our clients
Work with internal groups and external providers to lower error rates, improve service levels and increase reliability to continually improve Client Satisfaction levels.
Ensure adequate risk control measures are implemented/maintained through life cycle. Identify, manage, and when necessary, escalate the risks and/or control deficiencies, while also promoting and encouraging effective challenge during risk discussions
Provide leadership/act as the RBC Group Retirement Product “consultant” to internal partners
Represent RBC with key suppliers, industry associations, etc.
Bachelor’s degree in business, commerce or related field, with broad business management insight/knowledge
5-7 years of related experience in product management, group retirement and/or pension plan management, preferably in a large insurance provider
Extensive product management experience including managing a P&L, building and executing product strategies and lifecycle management
Knowledge of Canadian Group Retirement space including Group RRSP, Deferred Profit Sharing Plan and Group TFSA administration and regulations
Working with financial and pricing models – comfortable working in a data driven environment
Demonstrated planning and execution capabilities
Experience working in a matrix and highly collaborative, team-based environment
Canadian Securities course
Canadian pension certificate
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work
Address:
RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTOCity:
TorontoCountry:
CanadaWork hours/week:
37.5Employment Type:
Full timePlatform:
PERSONAL & COMMERCIAL BANKINGJob Type:
RegularPay Type:
SalariedPosted Date:
2025-11-28Application Deadline:
2026-06-02Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveOur Employment OpportunitiesAt 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
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Senior Manager, Group Retirement Products • TORONTO, Ontario, Canada
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