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Expression of Interest - Product Management Payments Acceptance - Job Opportunity at Commonwealth Bank

Sydney, Australia
Full-time
Mid-level
Posted: April 9, 2025
Hybrid
AUD 130,000 - 180,000 based on Sydney market rates for mid-senior product roles in major banks

Benefits

Flexible work arrangements - proven by program support and agile environment
Career development opportunities through merchant transformation program
Enterprise-scale learning and growth potential
Collaborative team environment with focus on innovation

Key Responsibilities

Lead strategic product initiatives within Payments Acceptance Business unit
Drive merchant transformation program deliverables and outcomes
Manage stakeholder relationships across technical and business domains
Design and execute product strategy for assigned payment acceptance crew
Oversee platform migration and modernization efforts
Develop pricing strategies and product capabilities
Guide technical solution design and implementation

Requirements

Education

University degree or masters

Experience

3-7 years of relevant experience

Required Skills

Product Management experience Payment domain knowledge Migration program management Stakeholder management Commercial acumen Technical knowledge Risk management Agile methodologies Communication skills
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Sauge AI Market Intelligence

Industry Trends

The payments industry is experiencing rapid transformation with the rise of digital payments and real-time settlement systems Legacy platform modernization is a key focus across major financial institutions as they compete with fintech disruptors Merchant acceptance solutions are becoming increasingly sophisticated with emphasis on omnichannel capabilities

Role Significance

Likely part of a 15-20 person product team within larger payments division, working across multiple crews
Mid to senior level position with significant influence on strategic payment initiatives and merchant experience

Key Projects

Legacy system migration and modernization New payment acceptance product development Pricing strategy optimization Platform resilience improvements

Success Factors

Deep understanding of payment ecosystems and merchant needs Ability to balance technical requirements with business outcomes Strong stakeholder management across multiple business units Experience with large-scale transformation programs

Market Demand

High demand driven by digital transformation initiatives across financial services and increasing complexity of payment systems

Important Skills

Critical Skills

Payment domain expertise - essential for understanding complex payment ecosystems and regulatory requirements Product management experience - crucial for driving strategic initiatives and stakeholder alignment Technical acumen - necessary for effective solution design and platform modernization

Beneficial Skills

Change management skills - valuable for migration programs Data analytics capabilities - important for pricing and product optimization UX/UI knowledge - helpful for merchant experience design

Unique Aspects

Rare opportunity to influence major banking infrastructure transformation
Combination of traditional banking stability with digital innovation focus
Scale of merchant network provides significant impact potential

Career Growth

2-3 years in role before progression to senior product leadership positions

Potential Next Roles

Head of Product - Payments Director of Digital Banking Payment Strategy Lead Product Director

Company Overview

Commonwealth Bank

Commonwealth Bank is Australia's largest retail and commercial bank with significant investment in digital transformation

Market leader in Australian banking sector with strong focus on technology and innovation
Dominant position in Australian market with growing APAC presence
Progressive corporate environment with strong emphasis on agile practices and innovation
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