Product Owner

Organization:

At CommBank, we never lose sight of the role we play in other people’s financial wellbeing. Our focus is to help people and businesses move forward to progress. To make the right financial decisions and achieve their dreams, targets, and aspirations. Regardless of where you work within our organisation, your initiative, talent, ideas, and energy all contribute to the impact that we can make with our work. Together we can achieve great things.

Job Title: Product Owner

Location: Bangalore, Manyata Tech Park

Business & Team:

The Commonwealth Bank is the leading financial institution in Australia and provides integrated financial services.
The role sits within the Bankwest Technology division. Bankwest is a subsidiary of The Commonwealth Bank, and the Bankwest Technology division (BWT) is accountable for maintaining system resilience and supporting the delivery of our bold technology strategy at pace and scale.
Bankwest Technology consists of Platforms and Chapters underpinned by areas of expertise that manage Bankwest technology, applications and systems to support the Bankwest business. Bankwest Technology is located primarily in Bankwest Place in Perth, WA and has a total approx. 650 employees.

Impact & Contribution:

• Empathetic and self-aware. You think and care deeply about how you might interact with your team, stakeholders and customers.
• A Mentor, harboring a passion to nurture, grow and influence those around you to think differently and always maintain a growth mindset.
• Innovative. You continually seek to improve the status quo for our customers. You inspire your team to do the same and remain resilient through change.
• Promoting quality and delivering at pace through the maximization of automation is one of the key focus area of the role.
• Risk Aware. You proactively identify and understand, openly discuss and act on current and future risk.
• Agile practices. You are aware of agile practices and are able to promote the same within the squad

Role Overview   We are seeking a Product Owner to lead initiatives that strengthen our AML compliance capabilities in line with ongoing regulatory reforms. The role will focus on customer onboarding, due diligence, and risk‑based controls.

Key Responsibilities

• Translate AML regulatory requirements into product features and backlog items.
• Drive delivery of ICDD/ECDD processes, PEP screening, and onboarding risk controls.
• Design exception workflows for high‑risk customers and ensure proper due diligence.
• Partner with compliance, risk, and technology teams to deliver required system uplifts.
• Monitor KPIs such as onboarding completion, exception volumes, and false positive rates.
• Strong knowledge of AML, KYC, onboarding, and risk‑based controls.
• 8-12 years of experience. Experience with compliance technology platforms and Agile delivery.
• Excellent communication and stakeholder management skills.
• Translate AML regulatory requirements into product features and backlog items.
• Drive delivery of ICDD/ECDD processes, PEP screening, and onboarding risk controls.
• Design exception workflows for high‑risk customers and ensure proper due diligence.
• Partner with compliance, risk, and technology teams to deliver required system uplifts.
• Monitor KPIs such as onboarding completion, exception volumes, and false positive rates.
• Strong knowledge of AML, KYC, onboarding, and risk‑based controls.
• 8-12 years of experience. Experience with compliance technology platforms and Agile delivery.
• Excellent communication and stakeholder management skills.

Skills & Experience:

• ICDD - Initial Customer Due Diligence
• ECDD  - Enhanced Customer Due Diligence
• PEP - Politically Exposed Person

If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.

We're aware of some accessibility issues on this site, particularly for screen reader users. We want to make finding your dream job as easy as possible, so if you require additional support please contact HR Direct on 1800 989 696.

Advertising End Date: 16/12/2025