Director - Digital Lending/Products

Director Digital Lending/Cash

The Director Digital Lending/Cash provides strategic leadership and oversight of digital product initiatives in RBC's Banking & Lending business within US Wealth Management. They manage a team of Product Owners, align product strategy with banking and lending objectives, and drive innovation across the digital client experience and lending solutions portfolio. This role focuses on the multiple lending and deposit products, including cash sweep and savings, as well as other lending products like mortgages, credit cards and specialized products such as securities-based lending and tailored lending.

Strategic Leadership

• Define digital product strategy for deposit products, credit products, and lending solutions
• Establish product roadmaps aligned with interest and lending business goals and customer needs
• Identify market opportunities in alternative lending, and credit products
• Drive innovation in customer-facing and internal lending platform experiences
• Ensure compliance with banking regulations, anti-money laundering (AML), and consumer protection frameworks

Team Leadership & Development

• Hire, mentor, and develop Product Owners focused on banking and lending solutions
• Provide coaching on product strategy, regulatory requirements, and banking industry best practices
• Set performance expectations and conduct regular evaluations
• Foster collaboration between product, compliance, risk, fraud prevention, and business teams

Portfolio & Financial Management

• Oversee digital banking and lending product portfolio performance and ROI
• Manage budget allocation across deposit products, lending platforms, payment solutions, and customer tools
• 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

• Report to Banking & Lending leadership on product performance, market trends, and competitive positioning
• 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 You Need To Succeed?

Must have:

• 12+ 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, deposit products, credit products, 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?

• 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
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work

The good-faith expected salary range for the above position is $140,000- $230,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan. 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

Job Skills

Business Case Design, Critical Thinking, Knowledge Organization, Product Development Lifecycle, Product Development Methodology, Product Manufacturing, Product Services, Product Testing, Results-Oriented, Waterfall Model