Product Manager - Commercial (Wire Transfer & Instant Payments)

About Working at Commerce 

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.  

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk. 

Compensation Range

Annual Salary: $91,000.00 - $121,000.00 (Amount based on relevant experience, skills, and competencies.)

About this Job

The main purpose of this job is to support the growth and profitability of the Wire Transfer and Instant Payments products, which includes oversight of development, enhancement, and optimization of these offerings.

 

Essential Functions

• Collaborate with stakeholders and customers to develop, refine, expand, and execute the Wire Transfer & Instant Payments product strategies, aligning with the bank’s overall business objectives.
• Identify market trends, customer needs, and competitive landscape to drive product enhancements and innovations.
• Conduct thorough market analysis and customer research to identify gaps, address customer pain points, and propose product improvements.
• Collaborate with technology teams to translate business requirements into technical specifications, ensuring smooth implementation of product features.
• Engage with internal stakeholders, including Senior Management, Operations, Sales, and Customer Support, to understand their needs and align development initiatives.
• Partner with product marketing and sales enablement to ensure market success.
• Collaborate with compliance and risk management teams on regulations, AML/KYC guidelines, and industry best practices to ensure compliance within payment offerings.
• Perform other duties as assigned

 

Knowledge, Skills & Abilities Required

• Working understanding of Treasury Payments products, namely Wire Transfer and Real Time/Instant Payments

• Knowledge of agile development methodology

• Strong analytical and problem-solving abilities, with a data-driven approach to decision-making.

• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities

• Inquisitive, agile and strong team player with excellent written, verbal and interpersonal communication skills

• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values

• Proficient with Microsoft Word, Excel, Teams and Outlook  

 

Education & Experience

• Bachelor’s degree in related field or equivalent combination of education and experience required

• 5+ years product management/development or equivalent experience in Commercial payments/cash management, product and/or project management required

• Product management experience and deep understanding of product lifecycle required

• Development or business analysis background preferred

*Hybrid Schedule: In office 3 days per week 

**Level of role is determined by knowledge, experience, skills, abilities, and education  

***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles.  This compensation range is for the Product Manager II and Senior - Commercial job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other