Associate - Product Manager

Job Description

The Payment Product Manager within RBC Clear team will be supporting the end-to-end Fedwire payment product development life cycle, including working with the Sr. Product Managers to establish product vision, strategy and roadmap.

The Product Manager will be supporting the Domestic High Value Payments team by defining, prioritizing and implementing Fedwire functionalities across all end to end product disciplines within RBC Clear to deliver client backed digital first solutions. The Product manager will operate with the agile delivery approach and work collaboratively with teams across engineering, operations, sales, legal, compliance, risk and strategic vendors deliver innovative and best in class outcome.

• Contribute to establishing the vision and the road map for Cash Management payment products including Fedwire and other High Value Payment Rails
• Participate in client discussion and advise client solution related to payment products with focus on Fedwire
• Actively participate for the Fedwire payment product development following the strategy and roadmap in agile delivery environment, including but not limited to story grooming and prioritizing backlog, business process mapping.
• Collaborate with Design team to product service design blue print that is guided by the north star approach
• Collaborate with cross functional teams such as operations, legal, compliance and risk where required to progress the product development and product launch
• Contribute to the Go‑to‑Market readiness for product roll outs, such as providing training and support to teams in Operations, Client Services, Sales and other functional areas
• Support the Risk teams for establishing controls for confirming business is following RBC Clear Compliance Guidelines and the Fed Regulations

• 7+ years of working experience in financial industry, preferably Cash Management or Transaction Banking
• 5+ years of in-depth knowledge in Fedwire Payment product, Wire Processing operations and other payment rails
• 3+ years of experience in hand on agile development in a product owner role, including creating user stories, backlog refinement
• Knowledge in ISO and MT/MX payment formats
• Experience in building web-based payment product
• A good understanding of innovative technologies and current technology trends
• Working knowledge in digital channel product knowledge such as host to host, API, SWIFT and TMS/ERP integration
• Working knowledge in the pricing strategy for payment product in the industry
• CTP certification preferred but not required
• Client centric mind set in product design
• Must be a team player who works well with technical and non-technical resources
• Startup mindset (comfortable with quick pace, quick change, ambiguities)
• A Payment Enthusiast keeping updated with the industry trends
• Strong organizational skills
• A "can do" attitude
• Good oral and written communication skills and the ability to clearly articulate to all project members and stakeholders
• Must be able to see tasks through to completion without significant guidance
• Innovative mindset
• Identify client pain points based on client interaction and create differentiating experience via product design
• Familiar with legal and compliance obligation related to Nacha guidelines and other regulations related to Fedwire
• Ability to work with JIRA in agile squad structure
• Ability to product business process maps

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 including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• 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 building close relationships with…