Senior Product Manager – Automotive Finance

Job title:

Senior Product Manager – Automotive Finance

Company

Royal Bank of Canada

Job description

Job Summary

Job Description

What is the opportunity?

As a Senior Product Manager on the Retail Automotive Products team, you will have responsibility for the retail automotive indirect lending portfolio, including the development and execution of product strategies designed to drive incremental market share and improve portfolio profitability, while balancing business risks.

What will you do?

Shared P&L responsibility with the Director of Product & Pricing for the Retail Auto portfolio

Responsible for the development of product strategies and roadmaps for the retail New Auto and Used Auto portfolios

Grow indirect lending portfolio by developing segment-specific programs

Improve portfolio profitability by identifying opportunities to increase revenue and reduce costs through automation and other efficiency pursuits

Lead and execute policy changes, process enhancements and other product initiatives designed to drive improved market share and portfolio profitability

Proactively assess value of various opportunities or requests and prioritize deliverables to focus on what matters most

Support of first-line-of defense risk mitigation activities including dealership management strategies and fraud prevention/detection

Develop and execute pricing strategies and changes in collaboration with the Director of Retail Product

Effectively manage all day to day product and pricing escalations from Sales and Operations partners

What do you need to succeed?

Must have:

Product management experience

Thorough understanding of product profitability and strong knowledge of financials

Understanding of business risks, sound judgment and decision-making capabilities

Strong analytical and creative problem-solving skills with a focus on prioritizing high impact deliverables

Ability to think strategically and leverage large amounts of data from multiple sources

Self-starter with the ability to understand the assigned task and work independently to execute and complete the task with minimal supervision

Nice to have:

Previous experience in the automotive finance industry

Previous pricing experience

Experience working with large and complex datasets utilizing SAS, Python, SQL, etc.

What’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.

Ability to make a difference and lasting impact

Work in a dynamic, collaborative, progressive, and high-performing team

Opportunities to do challenging work

Job Skills Business Case Design, Communication, Critical Thinking, Effectiveness Measurement, Financial Regulation, Interpersonal Relationship Management, Product Development Lifecycle, Product Development Methodology, Product Services, Project Management, Results-Oriented

Additional Job Details

Address: WATERPARK PLACE, 20 BAY ST:TORONTO

City: TORONTO

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: Personal and Commercial Banking

Job Type: Regular

Pay Type: Salaried

Posted Date: 2024-01-12

Application Deadline: 2024-01-27

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expected salary

Location

Toronto, ON

Job date

Sun, 14 Jan 2024 01:51:58 GMT

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