Treasury Product Manager

Bank of America; Toronto; On-site; CAD 110,000 - 160,000; Full time

Job summary

Bank of America is seeking a Treasury Product Manager in Toronto to lead P&L for Canadian cash management products, digital assets, open banking, and bill payment initiatives. You will partner with Sales, Implementation and Servicing to deliver value to Canadian corporate and commercial clients.

The role requires strong financial analysis, a cross-functional mindset, and the ability to navigate regulatory and industry modernization efforts in Payments Canada.

Qualifications

• Bachelor's degree or equivalent work experience.
• 5-7+ years of product management experience with strong understanding of Canadian cash management.
• Knowledge of digital assets, Biller Network and Payments Canada Modernization is a plus.
• Experience in treasury services with exposure to US and international treasury management.
• Strong presentation skills and ability to communicate with product executives and business partners.

Responsibilities

• Oversee a set of product(s) with accountability for profit and loss.
• Interpret policy and risk management standards for products under management.
• Understand market trends and competitive landscape to drive product enhancements.
• Drive completion of funded projects to close product gaps.
• Support Sales, Implementation and Servicing as a subject matter expert on Canada products and services.
• Provide ongoing product management through monthly/quarterly reviews with key metrics.

Skills

Communication skills

Data analytics

Data visualization

Cross-functional collaboration

PowerPoint

Education

Bachelor's degree or equivalent

Tools

PowerPoint

Excel

Word

Job description

Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description The GTS Product Management team is currently looking for a Treasury Product Manager in Toronto, who will report to the Head of Canada Product Management. The Canada Product Management Team is mandated to grow both domestic payments and receipts through the enhancement of our existing offering and the development and launch of new products. Serving both the corporate and commercial lines of business, the team’s responsibilities include end-to-end product and P&L management, new product development and product launches, pricing, training and marketing. The Treasury Product Manager will be responsible for managing evolving digital asset, open banking, bill payment and innovation for Global Corporate and Commercial clients doing business in Canada. In addition, the Treasury Product Manager will be responsible for sourcing new opportunities to grow Canadian cash management business as well as driving funded initiatives. The Treasury Product Manager will demonstrate strong financial and analytical skills, and the ability to work independently as well as with virtual project members.

Responsibilities

• Oversee a set of product(s) and maintains financial responsibility, including accountability for profit and loss activities such as revenue, profit margins, etc.
• Interpret policy and standards of a risk management framework, applying them to the products under management
• Understands product functionality, marketplace trends, and the competitive landscape to help define and drive product enhancements to existing product sets
• Drive the completion of funded projects to close existing product gaps
• Support internal partners in Sales, Implementation and Servicing as a subject matter expert on local Canada products and services
• Provide ongoing product management, through the use of monthly/quarterly business reviews, with close attention to achievement of revenue targets, cost targets and key performance metrics
• Support senior leadership in interpretation of analysis relevant in making strategic decisions regarding current and future payments/financial solutions

Qualifications

• Bachelor's degree or equivalent work experience
• A minimum of 5-7+ years of product management experience and with an excellent understanding of Canadian cash management are required
• An in-depth knowledge of digital assets, the Biller Network and the Payments Canada Modernization program would be an asset
• Business background in Payment systems/integration with banking products
• New product development background
• Must have strong knowledge of local payments and banking delivery channels
• Must have experience in treasury services with exposure to US and International treasury management
• A thorough understanding of Canadian cash management, including the Payments Canada’s roles and responsibilities, as well as current industry initiatives, specifically Payments Canada’s Modernization program
• Strong ability to present to all levels in the organization including product executives and business partners, demonstrating excellent verbal and clear communication skills
• Must have ability to work in a fast-paced, cross-functional environment
• Ability to manage multiple projects simultaneously while meeting associated deadlines
• Must have experience with data analytics and data visualization tools
• Proficiency with PC skills (PowerPoint, Word, Excel)

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees. Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization. Bank of America is an Equal Opportunity Employer Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Shift: Hours Per Week: 37.5

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe.