Manager, Product Management - Wealth Management

Chicago, IL, United States

About Northern Trust

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Job Profile Name: Sr Product Manager / Project Manager

Job Profile Summary

Responsible for executing the strategy of the product umbrella as outlined by the Lead Product Manager, Product Executive and Head of Product Management for the business unit. Responsible for Product Management Lifecycle activities such as defining the target client segment market and evaluating industry trends and uncovering opportunities. The senior product manager will also perform launches and post launch assessments/ recommendations. Acts as a resource for direction, training and guidance for less experienced staff. On an ongoing basis, Product Managers are responsible for creating strategic plans including the development of roadmaps and building out of business cases.

Job Description Major Duties

Analyzes new business opportunities and operational efficiencies by helping identify, research, and cultivate prospective strategic relationships with various institutions, markets, and individuals in new and existing markets

Develop market insight by defining the target client segment markets and evaluating industry trends both from initiatives our competitors are taking on, offerings our clients are seeking and emerging technologies that we should explore leveraging

Formulate strategy for the group by aligning cross functional teams, uncovering opportunities and determining life cycle states

Shape the value proposition, develop the business case and define the marketing mix model as part of the new product planning process

Lead in introducing new products to the market by securing regulatory approvals, publishing marketing material and conducting sales training

Assess industry movement and refine value based pricing post the launch of new products

Attend and present at industry events and publish in industry publications

Provide sales support including presenting at client and prospect meetings

Create strategies for cross-program coordination and go-to market rollouts

Carries out complex initiatives involving multiple disciplines and/or ambiguous issues

Drives the adoption and change in behaviors around new initiatives and products launched

Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity

Conducts post launch audits, tracks product success, analyses P &L, metrics, KPIs, Makes recommendations for improvements to promotional programs

Knowledge

Excellent oral and written communication skills are required. Proficient in constructing/overseeing logical and conclusive presentations, distilling complex subject matter into management-ready materials

Knowledge of products or business areas within Wealth Management and Asset Management, mastery of 2-4+ and/or SME ability in 1+ and a strong understanding of client needs and how this impacts the product development agenda/roadmap

Excellent in building key relationships, influencing and negotiating with clients, partners and leaders across multiple disciplines

Program or project management experience is advantageous; planning, analysis, design and governance

Knowledge of business strategy development is necessary to provide long term planning and to manage the profitability/performance of a major business segment.

Leadership and organizational skills are required to determine the Business Unit's goals, resources needed, and to assess and develop the skills of staff.

Experience

A College or University degree and/or relevant proven work experience is preferred.

Working With Us

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected].

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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