Senior Product Manager, Savings & Term Deposits

Westpac; Sydney; On-site; AUD 120,000 - 160,000; Full time

Benefits offered by this job

Top-brand mortgage rates (employee)

Flexible work arrangements

Learning and development opportunities

Community volunteering

Job summary

Westpac is seeking a Senior Product Manager for Savings & Term Deposits in Sydney, responsible for shaping the Everyday Banking portfolio and delivering customer outcomes. You will lead product features, risk governance and cross‑functional collaboration with delivery, distribution, technology, risk, legal, compliance and marketing partners to drive strategy and measurable results.

The role demands strong product management experience in banking, data-driven decision making, and the ability to

Qualifications

• Strong experience in product management within banking.
• Ability to turn data into actionable insights and influence with clarity.
• Experience with risk management and regulatory considerations in Everyday Banking.
• Excellent communication and leadership across diverse stakeholder groups.

Responsibilities

• Ensure ongoing management of the Savings & Term Deposits product features and customer outcomes.
• Leverage data and insights to measure product operational, risk and financial performance.
• Support the end to end risk profile of the portfolio, including identifying emerging risks and controls.
• Support governance of the portfolio including regular reviews and assessments.
• Drive portfolio strategy with the Commercial Product Lead and other Senior Product Managers.

Skills

Product management

Banking

Data‑driven decision making

Leadership

Job description

Senior Product Manager, Savings & Term Deposits

Sydney, NSW, Australia

Job Description

What's the role?

We currently have two opportunities for aSenior Product Manager, Savings & Term Deposits, you’ll be at the heart of managing and shaping the Westpac Group’s Everyday Banking (‘EDB’)portfolio.

Based in Sydney, this full-time role is accountability for our Savings & Term Deposits portfolio customer outcomes, product features and benefits, risk management and governance. You’ll collaborate across stakeholders including project delivery, distribution, technology, risk, legal, compliance and marketing partners to ensure our products are providing great customer outcomes.

Key Responsibilities

• Ensure ongoing management of the Savings & Term Deposits product features and customer outcomes, collaborating across the business to ensure products are delivering on their promises to customers.
• Leverage data and insights to measure product operational, risk and financial performance.
• Support the end to end risk profile of the portfolio, including identifying emerging risks, managing known risks, rectifying incidents and managing our controls environment.
• Support the governance of the portfolio including regular reviews and assessments.
• With Commercial Product Lead and other Senior Product Managers, drive the strategy of the portfolio and support in the planning process and production innovation.

What do I need?

We’re looking for someone with strong foundations and a strategic mindset—someone who can think big, distil complexity, and deliver with precision.

Here’s what will help you succeed:

• Strong experience in product management within banking.
• A skillset focused on logical problem solving, attention to detail and end to end accountability mindset.
• Strong judgement, decision-making skills, planning and written & verbal communication—you know how to simplify the complex and influence with clarity.
• Proven ability to turn data into clear, actionable insights, and a proactive, structured and solutions-focused approach to complex challenges.
• Proven risk management experience with understanding of the risk and regulatory landscape of everyday banking products.
• Proven ability to guide and influence decision making and leadership capability to drive outcomes with varied stakeholder groups.

We’re obsessed with becoming our customers' #1 banking partner for life and we’re looking for people who are passionate about helping us achieve that goal. In return, we’re committed to making Westpac the best place to work in the country. Here are just a few of the ways we’re already doing that:

• Special offers on banking products and discounts from top brands, including generous employee-only mortgage rates!
• Flexible work arrangements to help you achieve a greater work/life balance, and a variety of leave options including Culture, Lifestyle and Wellbeing leave.
• Tailored learning and development opportunities to help your grow your career within the bank.
• Lots of opportunities to ‘give back’ to the Community by getting involved in our many volunteering initiatives.

Create Your Future Today

We’re all about creating a supportive and inclusive community. We welcome everyone – no matter your age, gender, background, or abilities. We also provide additional support to welcome our veterans, Indigenous Australians and neurodiverse community.

If you need any adjustments during the recruitment process, you can find more information and contact details on our FAQs and how to contact us page , under the ‘Diversity, Sustainability and Flexibility’ section.