What is the opportunity?

The Director, Money Movement, reporting directly to the Head of Digital Banking and Lending, is a critical leadership role responsible for the end-to-end strategy, execution, and risk management of all money movement services across RBC Wealth Management. This leader will drive key decisions regarding vendor solutions and the risk-based limits engine, balancing superior client/advisor money availability with robust fraud and risk mitigation. This role is central to modernizing and securing the firm’s digital money transfer ecosystem.

What will you do?

Money Movement Strategy & Vendor Management

• Define and execute the RBC Wealth Management money movement strategy, covering all products including ACH transfers, Bill Pay, external transfers, wire transfers, and internal journals.
• Lead the evaluation, selection, and management of money movement vendor solutions, ensuring technology decisions align with long-term strategic goals for security, scalability, and cost efficiency.
• Drive the successful delivery of new and enhanced money movement products and services through client and advisor-facing channels (digital platforms).
• Act as the primary business owner for money movement functionality, maintaining a deep understanding of industry best practices, payment regulations (e.g., Nacha Rules), and emerging payment technologies (e.g., real-time payments).

Risk Management and Limits Engine Optimization

• Oversee the strategy and operations of the risk-based limits engine for all money movement types, ensuring optimal tuning of limits and controls.
• Work closely and iteratively with Risk and Fraud teams to analyze transaction data, identify emerging fraud patterns, and adjust limits and control parameters to balance optimal money availability with the least amount of risk exposure.
• Establish key risk indicators (KRIs) and key performance indicators (KPIs) to monitor the health, security, and usage of all money movement channels.

Product Management and Digital Delivery

• Manage money movement products through the full lifecycle, from strategy and development through training and adoption across advisor and client-facing digital channels.
• Partner with Operations and Technology to ensure seamless, compliant, and efficient processing of all money movement transactions.
• Product P&L management (including cost of fraud/loss and revenue generated from fees) is a strong plus.

What do you need to succeed?

Must-have

• Minimum 10 to 15 years of progressive experience in financial services, specifically in consumer banking, brokerage banking, or wealth management product delivery.
• Deep, hands-on experience managing and deploying core money movement products, including ACH, Bill Pay, external transfers, internal journals, and wire transfers.
• Critical experience working with Risk and Fraud teams on building, tuning, and operating risk-based limits and controls engines for digital transactions.
• Proven experience in product delivery through digital channels (client portals, mobile apps, advisor platforms).
• Demonstrated ability to lead complex, cross-functional projects and make critical decisions regarding vendor selection and risk trade-offs.

Nice-to-haves

• Direct experience managing a product P&L for a payments or money movement product line.
• Knowledge of payment processing standards (e.g., ISO 20022) and fraud prevention technologies.
• Prior experience managing vendor relationships for high-stakes payment/money movement 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.

• 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 $130,000-$210,000, (Minneapolis), 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 culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Job Skills

Business Case Design, Critical Thinking, Knowledge Organization, Product Development Lifecycle, Product Development Methodology, Product Manufacturing, Product Services, Product Testing, Results-Oriented, Waterfall Model

Additional Job Details

6000 FAIRVIEW ROAD:CHARLOTTECharlotteUnited States of America40Full timeWEALTH MANAGEMENTRegularSalaried2025-12-102025-12-18

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At 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.