Lead Product Manager - Alternatives

Job DescriptionWhat is the opportunity?Join our growing Global Asset Management (GAM) team at RBC! We are seeking a Lead Product Manager who will be focused on alternative strategies including Emerging Market Debt and Multi-Asset Credit) strategies and investment vehicles.Reporting up through the RBC GAM US Distribution channel and working in very close proximity to the investment teams, this role will be focused on driving product innovation, development, management, and long-term growth strategy of our alternative investment products.What will you do?Work alongside the Director of Product Innovation on end-to-end product lifecycle management of Alternative strategies and help drive the strategic direction for our Alternatives product suite expansionAct as the firm’s subject matter expert for all US vehicle types, in particular those more prevalent in the Alternatives space eg interval funds, hedge funds, drawdown vehicles, semi-liquid structures etc.Proactively identify, develop and champion new Alternative investment product opportunitiesWork closely with Legal, Compliance, Operations and other key functional stakeholders to navigate the product approval process efficiently, building the proactive relationships needed to accelerate speed to market and eliminate potential bottlenecksPrepare materials for, and ultimately present to, various Funds Boards, New Product Committees and senior governance forums, presenting new product proposals with confidence and authority to senior internal and external stakeholdersPartner with Legal and other key stakeholders to support periodic filings and ensure investment vehicle documents stay up to date as strategies or terms evolveDevelop compelling go-to-market strategies for newly approved products, working closely with Distribution, Marketing and the Institutional Portfolio Management (IPM) team to ensure every launch is well-positioned, well-timed and well-supportedContinuously monitor the competitive landscape, regulatory environment, industry flow dynamics and investor trends to identify commercial opportunities and potential future product requirementsProduce competitive analysis packages for each Alternative product, and partner with key stakeholders to develop and execute product-level business development plansChallenge the status quo on the existing Alternatives product suite, identifying strategies that are no longer competitively positioned and making the case for rationalisation where appropriateAct as a conduit of knowledge and information flow between the investment desks and distribution/client-facing teams; serve as the primary point of contact who leads on responding to product-related queries on our Alternatives investment strategies from clients and prospectsSupport the IPM team in responding to RFPs by developing high quality responses to typical product-related RFP questions and provide input into solution design and pricingContribute to ongoing training sessions for the Distribution team on our suite of Alternatives strategies including team structure, investment philosophy and process, peer-relative performance as well as key differentiating features of our team and strategy etc.Work on projects as needed internally specifically to increase the effectiveness, efficiencies and consistency of the service we provide to clientsCo-ordinate with other Product Managers and IPMs to build efficiencies into the process of supporting the client-facing teamsWhat do you need to succeed?Must-haveBachelor’s degree7+ years of relevant experience in the asset management industryDeep understanding of the competitive landscape within the Alternatives asset classDetailed knowledge across all US vehicle types, in particular those more prevalent in the Alternatives space eg of interval funds, hedge funds, drawdown vehicles, semi-liquid structuresExperience working across multiple distribution channels — institutional, intermediary, RIA and sub-advisory — with a clear understanding of what each channel needs from a product perspectiveExperience bringing new products to market, originating and championing ideas from concept through to launchExperience using analytical tools such as Morningstar Direct, eVestment, Preqin, Pivotal Path, Bloomberg etc.Strong understanding of US fund regulation and the product approval processCFA / CAIA designations strongly preferredWhat’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.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 $99,000-$176,000, 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 cultureEnables collective achievement of our strategic goalsGenerates sustainable shareholder returns and above market shareholder valueJob SkillsBusiness Case Design, Communication, Critical Thinking, Effectiveness Measurement, Financial Regulation, Interpersonal Relationship Management, Product Development Lifecycle, Product Development Methodology, Product Services, Results-Oriented, Waterfall ModelAdditional Job DetailsAddress:225 FRANKLIN STREET:BOSTONCity:BostonCountry:United States of AmericaWork hours/week:40Employment Type:Full timePlatform:WEALTH MANAGEMENTJob Type:RegularPay Type:SalariedPosted Date:2026-09-03Application Deadline:Note: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 CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.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.Job SummaryJob number: R-0000186162Date posted : 2026-10-05Profession: Strategy | Project & Program ManagementEmployment type: Full time