Senior Product Manager, Commercial Banking

bmo; Toronto; On-site; CAD 70,000 - 150,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Retirement plans

Accident and life insurance

Job summary

BMO Financial Group is seeking a Senior Product Manager to lead the North American Corporate Card portfolio across Canada and the United States from its Toronto base. You will shape product strategy, manage roadmaps, and drive revenue growth while ensuring client satisfaction and operational excellence.

You will partner with Sales, Treasury, Risk, Compliance, Legal, and Technology, owning governance, analytics, and go-to-market execution for new capabilities.

Qualifications

• 7+ years of product management or related experience in financial services.
• Bachelor's degree in Business, Finance, Economics, or Commerce; MBA an asset.
• Strong knowledge of commercial card programs, purchasing cards, virtual payments, travel and expense management, and business payment solutions.
• Experience managing product strategy, roadmaps, and P&L performance.
• Ability to collaborate across Sales, Technology, Risk, Compliance, Legal, and Finance.

Responsibilities

• Lead the strategy, management, and growth of the North American Corporate Card portfolio across Canada and the United States, including One Card, Travel & Entertainment and Fleet.
• Develop and execute product roadmaps, business cases, and investment priorities that support revenue growth, client retention, and enhanced customer experience.
• Own and manage product P&L performance, including portfolio growth, pricing, rewards, client economics, and profitability metrics.
• Monitor industry trends, emerging payment technologies, and competitive offerings to identify market opportunities and product enhancements.
• Partner with Sales, Treasury & Payment Solutions, Risk, Compliance, Legal, Operations, Technology, and Finance teams to deliver strategic initiatives and product enhancements.
• Serve as a subject matter expert for Corporate Card products, supporting client meetings, RFP responses, complex deal structures, and sales enablement activities.
• Build and maintain strong relationships with payment networks, strategic vendors, and third-party partners, ensuring contractual obligations and service expectations are achieved.
• Lead product governance activities including policy development, regulatory compliance, risk assessments, audits, and issue resolution.
• Analyze portfolio performance, customer insights, and market data to develop actionable recommendations that improve growth, client engagement, and operational efficiency.
• Manage and prioritize strategic initiatives from concept through implementation, ensuring business outcomes, benefits realization, and stakeholder alignment.
• Resolve complex client escalations and policy exceptions while balancing customer experience, risk considerations, and business objectives.
• Support the development of product communications, training materials, operational readiness activities, and go-to-market strategies for new capabilities and enhancements.

Skills

Product management

Commercial payments

Treasury management

Banking

P&L ownership

Data analysis

Stakeholder collaboration

Vendor management

Education

Undergraduate degree in Business, Finance, Economics, Commerce

MBA or professional designation

Job description

Application Deadline:

11/06/2026

Address:

250 Yonge Street

Job Family Group:

Customer Solutions

Lead the strategy, growth, and modernization of BMO's North American Corporate Card portfolio across Canada and the U.S. This role is responsible for product strategy, roadmap execution, P&L management, competitive positioning, vendor partnerships, and cross-functional delivery of innovative payment solutions that help clients optimize travel, purchasing, and business payments. Working closely with Sales, Technology, Operations, Risk, and external partners, the Senior Product Manager will shape the future of BMO's Corporate Card business while driving client satisfaction, revenue growth, and operational excellence.

Responsibilities

• Lead the strategy, management, and growth of the North American Corporate Card portfolio across Canada and the United States, including One Card, Travel & Entertainment and Fleet.
• Develop and execute product roadmaps, business cases, and investment priorities that support revenue growth, client retention, and enhanced customer experience.
• Own and manage product P&L performance, including portfolio growth, pricing, rewards, client economics, and profitability metrics.
• Monitor industry trends, emerging payment technologies, and competitive offerings to identify market opportunities and product enhancements.
• Partner with Sales, Treasury & Payment Solutions, Risk, Compliance, Legal, Operations, Technology, and Finance teams to deliver strategic initiatives and product enhancements.
• Serve as a subject matter expert for Corporate Card products, supporting client meetings, RFP responses, complex deal structures, and sales enablement activities.
• Build and maintain strong relationships with payment networks, strategic vendors, and third-party partners, ensuring contractual obligations and service expectations are achieved.
• Lead product governance activities including policy development, regulatory compliance, risk assessments, audits, and issue resolution.
• Analyze portfolio performance, customer insights, and market data to develop actionable recommendations that improve growth, client engagement, and operational efficiency.
• Manage and prioritize strategic initiatives from concept through implementation, ensuring business outcomes, benefits realization, and stakeholder alignment.
• Resolve complex client escalations and policy exceptions while balancing customer experience, risk considerations, and business objectives.
• Support the development of product communications, training materials, operational readiness activities, and go-to-market strategies for new capabilities and enhancements.

Qualifications

• 7+ years of experience in product management, commercial payments, treasury management, banking, financial services, card payments, or a related field.
• Undergraduate degree in Business, Finance, Economics, Commerce, or a related discipline; MBA or relevant professional designation is an asset.
• Strong knowledge of commercial card programs, purchasing cards, virtual payments, travel and expense management, and business payment solutions.
• Demonstrated experience managing product strategy, roadmaps, business cases, and P&L performance.
• Strong understanding of payment ecosystems, including card networks, issuers, processors, fintech partners, and expense management providers.
• Experience supporting product launches, enhancements, and large-scale strategic initiatives in a regulated environment.
• Strong analytical skills with the ability to interpret complex data, identify trends, and translate insights into business recommendations.
• Proven ability to influence and collaborate across multiple stakeholder groups, including Sales, Technology, Operations, Risk, Compliance, Legal, and Finance.
• Experience managing vendor and partner relationships and negotiating business requirements.
• Strong knowledge of regulatory, risk, and compliance requirements applicable to payments and banking products.
• Exceptional communication, presentation, and relationship management skills.
• Ability to work independently, manage competing priorities, and lead initiatives in a fast-paced environment.

Salary

Salary : $70,000.00 - $150,000.00

Pay Type: Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of o