Senior Manager, Retail Products – Automotive Finance
City : Toronto
Category : Strategy | Project & Program Management
Industry : Financial/Banking
Employer : RBC
Job Description
The Opportunity
In this role, you'll drive the strategic transformation and oversight of our Indirect Lending portfolio across Personal Retail Auto, Business Vehicle Solutions (BVS), Recreational Vehicles (RV), Marine products, and Newcomer segments. You'll develop and execute product strategies that expand market share, enhance subvented and non-subvented portfolio profitability, and proactively mitigate business risks.
What You'll Do
Strategic Leadership & Product Management
Serve as subject matter expert on automotive finance products, credit portfolio dynamics, and policy frameworks
Own product shelf reviews, policy assessments, and regulatory impact analyses (RTAs) for key initiatives
Build consensus and secure stakeholder sign-off on strategic recommendations
Develop data-driven business cases and compelling presentations to influence policy, process, and strategy decisions
Risk & Portfolio Management
Lead risk identification, management, and remediation efforts for fraud, regulatory issues, and audit findings
Proactively monitor portfolio and credit trends against KPIs and OKRs
Review and approve policy exceptions, escalating complex cases to resolution
Support Business Risk Management (BRM) and Control teams in assessing the risk and control environment
Business Intelligence & Performance
Analyze economic and competitive landscapes to identify growth opportunities and emerging risks
Prepare forecasts to support operational capacity planning and track progress toward business goals
Monitor business performance and recommend actions to maximize results while minimizing risk
Maintain initiative tracking and provide regular status updates to senior leadership
Cross-Functional Collaboration
Partner with colleagues across RBC to define, scope, and address retail automotive finance risks and opportunities
Act as business representative for regulatory change initiatives
Develop monitoring frameworks to ensure implemented initiatives deliver intended outcomes
What You Need to Succeed
Must-Have
5+ years of credit management or related risk management experience
Strong collaboration and change leadership capabilities with demonstrated ability to influence cross-functional teams
Proven analytical mindset with excellent problem-solving skills
Ability to manage multiple complex initiatives simultaneously and adapt to shifting priorities
Solid understanding of credit and product economics
Proficiency with financial models and business case development
Excellent verbal and written communication skills, including experience presenting to senior executives
University degree or equivalent professional experience
Consulting and customer service orientation; demonstrated ability to act as a trusted business partner
Nice-to-Have
In-depth knowledge of automotive finance industry, market trends, and competitive landscape
CPA or relevant professional designation
Experience with regulatory compliance and risk frameworks in financial services
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, Results-Oriented, Waterfall ModelAdditional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At 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.
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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.