Senior Product Manager, Commercial Banking

Application Deadline:11/06/2026Address:250 Yonge StreetJob Family Group:Customer SolutionsLead 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.ResponsibilitiesLead 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.Qualifications7+ 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:$70,000.00 - $150,000.00Pay Type: SalariedThe 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 our benefits, please visit: About UsAt BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.To find out more visit us at .BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.SummaryLocation: Toronto, ON, CANType: Full time