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Senior product owner – merchant payments growth (acquisition, activation and retention) (sydney)

Sydney
Commonwealth Bank
Posted: 1 June
Offer description

Role Overview

Do work that matters. Business Bank (BB) provides services and solutions for small to medium and enterprise customers, as well as regional and agribusiness customers. We're seeking a Senior Product Owner to lead the Merchant Payments Growth squad within the Payment Acceptance (SCALE COE) team. The role blends commercial and data‐led product leadership in a regulated workplace.

Key Responsibilities
* Own the growth system across the merchant lifecycle: Acquisition, Activation and Retention.
* Own the Acquisition, Activation and Retention strategy and roadmap for Payments Acceptance across website, online banking, mobile app, branch, and contact centre.
* Translate portfolio goals into clear product OKRs, a prioritised roadmap, and measurable delivery plans.
* Partner with Finance/Pricing/Product to understand and influence P&L drivers (e.g., CAC, margin, pricing/offer economics, LTV).
* Develop and optimise prospecting and acquisition strategies in partnership with channel owners (SEO, SEM, paid social).
* Drive conversion through landing page and funnel optimisation, retargeting, and personalised offers.
* Design and deliver assisted‐channel enablement (branch/contact centre prompts, scripts, servicing journeys, and decision support).
* Own the end‐to‐end merchant onboarding and activation funnel, reducing drop‐off and accelerating approval‐to‐first transaction.
* Validate customer problems, define learning objectives, and run discovery to inform prioritisation.
* Embed necessary controls while minimising friction (identity/KYC checks, fraud/chargeback considerations, eligibility rules).
* Define and maintain funnel metrics, cohort views, dashboards and leading indicators for acquisition and retention performance.
* Lead a high‐velocity experimentation program (A/B testing, holdouts, incrementality) across digital and assisted journeys.
* Use insights and analytics to develop portfolio optimisation initiatives.
* Lead the squad day‐to‐day: backlog quality, prioritisation, story mapping, acceptance criteria, dependencies, release planning and benefits tracking.
* Manage risks and compliance across streams of work, ensuring delivery is within risk appetite.
* Engage senior stakeholders, communicate trade‐offs clearly, and drive alignment in a matrixed environment.
What You'll Bring
* 7+ years' experience in Product (or Risk/Finance/Commercial analytics) within commercial banking, payments, fintech, or merchant acquiring.
* Demonstrated experience delivering growth outcomes in a mass‐managed environment (acquisition, onboarding conversion, activation, retention, churn reduction and/or lifecycle optimisation).
* Proven track record leading medium to large initiatives end‐to‐end, from discovery through delivery and measured benefits.
* Advanced commercial acumen: understands unit economics, portfolio performance, pricing/offer trade‐offs, and can link product choices to P&L.
* Strong stakeholder partnering skills across Product, Marketing, Sales/Service, Pricing, Finance, Risk.
* Highly proficient in Excel and data‐driven problem solving.
* Strong capability in analytics and insight generation (funnel analysis, cohorting, segmentation, attribution concepts, experiment analysis).
* Working knowledge of data tools such as SQL and/or SAS (preferred) and dashboarding/visualisation tool.
* Comfortable defining success metrics, setting up measurement plans, and making prioritisation decisions based on performance and evidence.
* Strong abstract reasoning and structured problem solving; can simplify complex systems into actionable plans.
* Excellent written and verbal communication; confident presenting to senior leaders and influencing across a matrix.
* A risk mindset: proactively identifies and manages compliance, operational and customer risks in product decisions.
* Experience building segmentation‐driven retention journeys, save/win back flows, or churn analytics (voluntary/involuntary) (highly desirable).
* Experience with pricing/packaging and offer governance in a B2B context (highly desirable).
Additional Information

Advertising End Date: 15/05/2026.

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