RBC is a leading bank seeking an Associate - Payments Product Manager to support the Fedwire payment product development life cycle. The role involves collaborating with various teams to establish ...
RBC is a leading bank seeking an Associate - Payments Product Manager to support the Fedwire payment product development life cycle. The role involves collaborating with various teams to establish ...
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Associate Rbc information
What is the hierarchy of RBC?
What is the difference between Associate Rbc vs Financial Advisor?
| Aspect | Associate Rbc | Financial Advisor |
|---|---|---|
| Credentials | Typically requires a bachelor's degree; licensing may be needed for certain products | Requires licensing (e.g., Series 7, 66), often a bachelor's degree, and certifications like CFP |
| Work Environment | Bank branches, client meetings, administrative tasks | Client offices, virtual meetings, financial planning sessions |
| Employer & Industry | RBC Bank, financial services industry | Independent or bank-affiliated financial planning firms |
| Search & Comparison Intent | Understanding entry-level banking roles | Comparing financial planning careers |
The main difference between an Associate Rbc and a Financial Advisor lies in their roles and certifications. Associates typically support banking operations and client service within RBC, while Financial Advisors focus on providing personalized financial planning and investment advice, often requiring additional licensing and certifications. Both roles are integral to the financial services industry but serve different functions and client needs.
What is the lowest position at a bank?
Is RBC a good place to work?
What skills are needed for RBC careers?
Job description
RBC is a leading bank seeking an Associate - Payments Product Manager to support the Fedwire payment product development life cycle. The role involves collaborating with various teams to establish product vision, strategy, and roadmap while ensuring compliance with regulations and delivering innovative solutions.
Responsibilities:
โข Contribute to establishing the vision and the road map for Cash Management payment products including Fedwire and other High Value Payment Rails
โข Participate in client discussion and advise client solution related to payment products with focus on Fedwire
โข Actively participate for the Fedwire payment product development following the strategy and roadmap in agile delivery environment.
โข Collaborate with Design team to product service design blue print that is guided by the north star approach
โข Collaborate with cross functional teams such as operations, legal, compliance and risk where required to progress the product development and product launch
โข 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
โข Support the Risk teams for establishing controls for confirming business is following RBC Clear Compliance Guidelines and the Fed Regulations
Qualifications:
Required:
โข 7+ years of working experience in financial industry, preferably Cash Management or Transaction Banking
โข 5+ years of in-depth knowledge in Fedwire Payment product, Wire Processing operations and other payment rails
โข 3+ years of experience in hand on agile development in a product owner role, including creating user stories, backlog refinement
โข Knowledge in ISO and MT/MX payment formats
โข Experience in building web-based payment product
โข A good understanding of innovative technologies and current technology trends
โข Working knowledge in digital channel product knowledge such as host to host, API, SWIFT and TMS/ERP integration
โข Working knowledge in the pricing strategy for payment product in the industry
โข Client centric mind set in product design
โข Must be a team player who works well with technical and non-technical resources
โข Startup mindset (comfortable with quick pace, quick change, ambiguities)
โข A Payment Enthusiast keeping updated with the industry trends
โข Strong organizational skills
โข A 'can do' attitude
โข Good oral and written communication skills and the ability to clearly articulate to all project members and stakeholders
โข Must be able to see tasks through to completion without significant guidance
โข Innovative mindset
โข Identify client pain points based on client interaction and create differentiating experience via product design
โข Familiar with legal and compliance obligation related to Nacha guidelines and other regulations related to Fedwire
โข Ability to work with JIRA in agile squad structure
โข Ability to product business process maps
Preferred:
โข CTP certification preferred but not required
Company:
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Founded in 1864, the company is headquartered in Toronto, CAN, with a team of 10001+ employees. The company is currently Late Stage.
About Royal Bank of Canada
Sourced by ZipRecruiter
Industry
Banking and credit intermediation
Company size
10,000+ Employees
Headquarters location
Toronto, Ontario, CA