RBC · 15 hours ago
Senior Product Manager, Money Movement
Minneapolis, MN
Full-time
Onsite
Mid, Senior Level
$90K/yr - $160K/yr
7+ years expRBC is a leading bank focused on providing trusted advice and helping clients thrive. The Senior Product Manager for Money Movement will architect the flow of capital for high-net-worth clients, ensuring efficient and secure transactions while enhancing product offerings in a dynamic environment.
BankingFinancial ServicesWealth Management
Responsibilities
Design and execute a strategy to transition from traditional "next-day" settlement to near-real-time and enhance ACH capabilities
Direct the evolution of the P2P payment experience, tailoring standard consumer tools to handle the higher-value transaction profiles typical of wealth management clients
Modernize the Digital Bill Pay suite, moving beyond legacy platforms to a streamlined, integrated experience that handles complex recurring payments
Lead the product vision for a Variable Limits Engine that dynamically adjusts transfer caps based on real-time risk signals (e.g., Client AUM, account tenure, behavioral patterns, and multi-factor authentication strength)
Optimize "Hold" logic for incoming transfers to increase immediate funds availability for trading, using risk-based segmentation to balance liquidity needs with the bank's risk appetite
Integrate advanced authentication and behavioral analytics into the money movement flow to reduce "friendly fraud" and account takeovers
Act as the primary liaison between the Wealth Management Product team and the Enterprise Payments team to ensure wealth-specific requirements are prioritized in the broader bank roadmap
Lead a cross-functional "Squad" including Engineers, UX Designers, Risk Officers, and Legal Counsel to move features from ideation to production
Drive the adoption of API-first architecture to allow for more flexible money movement integrations with third-party fintech apps and aggregators
Ensure all money movement workflows comply with Regulation E, NACHA rules, and evolving AML/CTF (Anti-Money Laundering) requirements
Monitor operational health through dashboards tracking "Success Rates," "Time to Settle," and "Return/Reversal Rates"
Qualification
Required
Bachelor's degree in finance, business or related field
7+ years in Product Management, with at least 4 years focused on Payments, Money Movement, or FinTech Risk
Expert knowledge of ACH (Standard, Same-Day), Bill Pay rails, and P2P networks. Familiarity with The Clearing House (TCH) or FedNow is a major plus
Demonstrated experience working with Risk/Fraud models to tune 'False Positive' rates and improve the client experience without increasing losses
Ability to use data to justify higher limits and faster availability cycles; comfortable with SQL, Tableau, or similar data tools
Ability to navigate a complex matrixed environment and build consensus among competing stakeholders (e.g., Sales vs. Compliance)
Benefits
401(k) program with company-matching contributions
Health, dental, vision, life, disability insurance
Paid-time off
Company
RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance.
10001+ employees
H1B Sponsorship
RBC has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (29)
2024 (17)
2023 (3)
2022 (4)
2021 (1)
2020 (2)
Funding
Current Stage
Public CompanyTotal Funding
$16.3B2025-10-30Post Ipo Debt· $5B
2025-09-15Post Ipo Debt· $1.35B
2025-07-10Post Ipo Debt· $177.74M
Leadership Team
Graeme Hepworth
Chief Risk Officer
Kelly Bradley
Chief Human Resources Officer
Recent News
2026-01-22
Qatar Tribune
2026-01-21
Company data provided by crunchbase