Even-though scrum master and product owner work closely together their roles and responsibility are different.
Mostly product owner from buying organization and scrum master from selling organization.
A scrum master leads the development team and seeks input from product owner to get user stories prioritised and update status to product owner.
As you aware product backlog is crucial for the agile project development. It contains all the user stories needs to be delivered during the project.
Product owner need to ensure the product backlog is available to the scrum master and it contains the needs of customer, business, sales, marketing team and all other relevant stakeholders.
Once the product owner create the vision for the project, it’s scrum master’s responsibility to bring the vision to live.
Scrum masters are responsible for adopting and implementing agile methods to increase team productivity, efficiency, and improve the quality of the deliverables they have been tasked to create.
Scrum master roles and responsibilities:
1) Facilitate and collaborate between developers and product owner
2) Clear obstacles and protect team for distractions
3) Lead through influence and credibility
Product Owner roles and responsibilities:
1) Managing, prioritizing and re-prioritizing product backlog
2) Translating business strategies to (user stories) tasks for development
3) Learning the market and business needs
4) Serving as a liaison between product and development
5) Available to development team to answer questions and provide clarification
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