CPS Product Manager

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career.

Try new things, learn new skills and discover what you excel at—all from Day One.

We are seeking a strategic, collaborative Product Manager to help shape and advance Elan’s commercial payments portfolio. This role is ideal for someone who combines strong product management and a forward‑looking strategic mindset. The Product Manager will lead roadmap development, partner across teams, and help modernize the way Elan delivers value to bank partners and their customers.

In this role, you will help:

• Define and communicate a clear product strategy for Elan commercial payments in partnership with CPS, PCS, Treasury Management, servicing, technology, risk, sales, and operations.
• Build and manage a practical roadmap for key priorities, including the Canadian portfolio rebrand, a new Mastercard One Card BIN, modernized bank rebate models, automated contracting, and digital ordering capabilities, and help modernize legacy business processes to drive compliance and revenue.
• Use portfolio data, reporting, and business insights to identify opportunities, inform priorities, measure outcomes, and strengthen the value Elan delivers to partners.
• Improve the partner and customer experience by reducing friction, strengthening brand consistency, streamlining credit preflight processes, and exploring future payment hub capabilities.
• Advance adoption of the Elan Commercial Portal by delivering value‑added capabilities—Salesforce pipeline reporting, Service Now application status visibility, and enhanced spend insights—to strengthen partner engagement, increase referral activity, and support commercial portfolio growth.

Product Managers at U.S. Bank are customer obsessed and play a critical role in defining product vision, planning, development, and execution in support of our human + digital product strategy. This Product Manager will focus on Elan commercial payments, helping shape the next phase of portfolio growth and modernization for our bank partners and their customers.

This role requires a strong product leader who can bring structure to complex work, connect strategy to execution, and collaborate effectively across CPS, PCS, Treasury Management, technology, servicing, risk, sales, and operations. The ideal candidate will be comfortable using data and business insights to guide decisions, while also bringing creativity and curiosity to identify new ways to improve partner economics, digital experiences, and customer outcomes.

Key responsibilities include:

• Lead product strategy and roadmap development for Elan commercial payments, including priorities such as the Canadian portfolio rebrand, a new Mastercard One Card BIN, digital ordering capabilities, and the future go‑to‑market strategy for Elan.
• Partner closely across CPS, PCS, Treasury Management, technology, servicing, risk, sales, and operations to align priorities, clarify roles, remove barriers, and deliver a more connected partner and customer experience.
• Evaluate and modernize bank partnership rebate models to create more scalable, competitive, and partner‑focused solutions.
• Strengthen portfolio reporting and business insights by reviewing data strategies, identifying gaps, and using analytics to inform product decisions and measure outcomes.
• Support digital enablement efforts, including automation of client contracting and development of on‑demand ordering capabilities that simplify the partner and client experience.
• Drive creation of a new BIN for the Elan Mastercard One Card, coordinating the product, operational, servicing, risk, and go‑to‑market work needed to support launch readiness.
• Help define the future of an Elan payment hub, including how capabilities such as Paper Trl could expand…