Product Manager, Annuities & Insurance

Royal Bank Of Canada Minneapolis , MN 55415

Posted 2 months ago

What is the opportunity?

The Annuity and Insurance Product team acts as the primary source of product management and support for annuities and insurance retirement products sold throughout the RBC US Wealth Management (WM) distribution channel. Products included are: annuities, life, long-term-care and disability income. As Product Manager, your role is responsible for management of all insurance carriers and products. Product management efforts include ensuring the platform provides competitive solutions, developing policies and procedures in compliance with regulatory requirements, implementing strategic initiatives, and managing vendor/partner relationships. You will also be responsible for managing general agency relationships to ensure they meet firm requirements and provide proper coverage throughout RBC footprint. This role is ultimately responsible for identifying product opportunities and challenges, expanding product offering to ensure competitive positioning is achieved in the market place, developing policies and procedures to mitigate risk, communicating across the organization, developing educational campaigns, designing and implementing strategic initiatives, and managing partner/vendor relationships and mainstream product lines into financial planning.

What will you do?

  • Perform management of annuity and insurance products to ensure high competitiveness and advisor satisfaction

  • Be the subject matter expert on annuities and insurance for RBC

  • Identify appropriate solutions to product and business challenges, and manage the implementation of enhancements to existing programs

  • Develop and execute on appropriate policies and procedures for the platform

  • Manage the review of new product offerings and platform enhancements to existing products. Implementation includes product review, marketing, legal, compliance, and communication strategies

  • Conduct research on competitive landscape and industry trends to ensure products are in line with market and client needs

  • Monitor the regulatory environment to determine business risks and impacts. Recommend and implement policy and process changes as required

  • Actively participate in the design of training and education functions for FAs and branch support staff designed to increase sales, productivity and field efficiencies

What do you need to succeed?


  • BA/BS in business, finance, or marketing with 5 7 years securities or financial markets experience

  • Demonstrated ability to support financial planning and integration of products.

  • Excellent project management and organizational skills with an understanding of product, technology, operations, and sales and marketing

  • Willingness to aggressively learn new skills in a short time period

  • Series 7, 63 or 65/66, 24, life and health license


  • Relevant industry designation, e.g., CFA, CRPC, AIF

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.

  • Client First: We will always earn the right to be our clients' first choice

  • Collaboration: We win as One RBC

  • Accountability: We take ownership for personal and collective high performance

  • Diversity & Inclusion: We embrace diversity for innovation and growth

  • Integrity: We hold ourselves to the highest standards to build trust

About RBC

Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit

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Inclusion and Equal Opportunity Employment

RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.


City: Minneapolis

Address: 60 South 6th Street

Work Hours/Week: 40

Work Environment: Office

Employment Type: Regular - U.S.

Career Level: Experienced Hire/Professional

Pay Type: Salaried

Required Travel (%): 0-25

Exempt/Non-Exempt: Exempt

People Manager: No

Application Deadline: 04/05/2019

Req ID: 183886

Ad Code(s): None

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Product Manager, Annuities & Insurance

Royal Bank Of Canada