Payments Product Manager

About

As a Payments Product Manager at BMO Commercial Bank, you will lead the strategy, delivery, and lifecycle management of modern, API‑enabled and real‑time payment solutions that power embedded finance, client integrations, and next‑generation digital experiences. This role is accountable for translating market and client needs into scalable payment capabilities aligned to Interac e‑transfers / Real‑time Rail, ISO 20022 standards, and API‑first architectures, with full P&L ownership. You will work at the intersection of payments modernization, digital platforms, and ecosystem partnerships, collaborating across technology, risk, operations, and sales to bring innovative payment products to market that improve speed, transparency, resilience, and client experience.

Key Responsibilities

• Own the product vision, roadmap, and execution for digital and real‑time payment solutions, including API‑based and embedded payment capabilities across commercial banking portfolios.
• Drive the design and delivery of real‑time payment experiences, ensuring alignment with industry standards such as ISO 20022, evolving clearing rails, and regulatory requirements.
• Lead API strategy and lifecycle management, including onboarding models, versioning, developer experience, performance metrics, and partner integrations.
• Translate client, market, and ecosystem needs into scalable digital payment capabilities that support straight‑through processing, automation, and real‑time insights.
• Maintain end‑to‑end P&L accountability, including pricing, revenue forecasting, cost management (vendor and internal), and margin optimization.
• Conduct market research, competitive benchmarking, and industry analysis across payments modernization, real‑time rails, and API platforms to identify opportunities and gaps.
• Define and monitor key performance metrics (e.g., payment volumes, API usage, latency, uptime, adoption, revenue growth) and implement action plans to optimize performance.
• Partner with Technology and Architecture teams to ensure secure, resilient, and scalable payment platforms, aligned with enterprise standards and future‑state architecture.
• Manage product risk in compliance with legal, regulatory, operational, and technology risk frameworks, including controls related to payments, data, and APIs.
• Lead vendor and fintech partnerships, ensuring contractual obligations are met and solutions align to product strategy and client needs.
• Develop business cases and investment proposals for new payment capabilities, enhancements, and platform modernization initiatives.
• Support sales and client teams with digital payment value propositions, deal support, and client‑facing materials.
• Drive change management, training, and adoption for new digital and real‑time payment capabilities across internal and external stakeholders.
• Weekend or after‑hours work will be required periodically to support product releases, implementations, or critical initiatives.

Qualifications

• 5–7 years of experience in payments, digital product management, or financial services platforms, with increasing accountability.
• Strong knowledge of real‑time payments, payments modernization, and ISO 20022 messaging standards.
• Hands‑on experience with API‑enabled platforms, embedded finance, or developer‑facing products.
• Solid understanding of commercial and retail banking products, payment flows, and end‑to‑end processing.
• Experience building business cases, managing P&L, and driving financial performance.
• Strong analytical skills with the ability to translate data into actionable product insights.
• Experience collaborating with technology, architecture, risk, operations, and external partners.
• Excellent communication and influence skills, with the ability to align senior stakeholders.
• Familiarity with regulatory, compliance, and risk considerations related to payments and digital platforms.

Why This Role Matters

This role plays a critical part in BMO’s payments transformation, helping the bank deliver faster, smarter, and more connected payment experiences through real‑time rails, ISO‑aligned data, and API‑driven ecosystems. You’ll shape how clients move money in a digital, embedded, and always‑on world.

Salary

• $69,000 – $129,000 (Salaried)

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans
• Performance‑based incentives and discretionary bonuses
• Additional perks and rewards (see BMO Total Rewards)

About BMO

At BMO we are driven by a shared purpose: Boldly Grow the Good in business and life. We create lasting, positive change for our customers, communities, and people. As a member of the BMO team you are valued, respected, and heard, with many ways to grow and make an impact. We provide tools, resources, training, coaching, manager support, and network‑building opportunities to help you reach new milestones while helping our customers do the same. BMO is committed to an inclusive, equitable, and accessible workplace, offering accommodations on request throughout the selection process.