Lead Product Manager-Banking & Treasury Services

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 Description Summary

The Banking & Treasury Services (BTS) Lead Product Manager is a business leader with responsibility for BTS’ product group. As a strategic thinker, they lead the product team and are supported by subject matter experts, business analysts and product managers as needed and are accountable to the Business/Product Executive. The Lead Product Manager conducts performance management and career development processes and makes staffing decisions.

Major Duties:

• Responsible for management of BTS product lifecycle and the issues that impact the delivery of capability or service which include:
• Discovery and Innovation: Derive market insights and formulate product strategy
• New Product Planning: Concept, feasibility and definition
• New Product Introduction: Development and launch of product
• Post-Launch Product Management: Performance & lifecycle management
• Leads, motivates and cultivates a team of product managers to manage product group
• Vendor engagement and management
• Ensures the development and execution of product roadmaps with 3–5-year horizons that outline the strategic goals as determined and prioritized in partnership with the Product Executive and Business Stakeholders.
• Partner with Technology Lead to ensure recommended roadmap is feasible and aligns with corporate/C&IS technology strategy
• Manages the alignment of the business strategy and objectives to the product strategy
• Ensures reliability, performance, quality and robustness of the product group
• Ensures that industry and market research is conducted on product viability and competitive threats and understand how they may impact product strategies
• Assesses the investment needs (capital and expense) through understanding trends, client’s needs and roadmap review and makes recommendations to the Product Executive and Business Stakeholders
• Oversees the capital planning process and capital projects through formal product and program governance.
• Represents organization with thought leadership - product at industry events, in publications, and at client events
• Establishes, manages and monitors the financial and market progress of product group through metrics and key performance indicators
• Understand the impact of new regulations on the business and how that may impact the business strategy
• Serves as main product point of contact for sales teams, communicates new features and their value proposition, oversees RFI, RFPs and due diligence responses
• Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity
• Makes staffing decisions, manages expenses and salary review process for the division
• Participates in developing division strategic plan and sets goals and priorities based on the direction set for the unit; follows through to ensure that objectives are met
• Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication.

Knowledge:

• Strong understanding or knowledge of banking product (transaction banking and treasury management) and a strong understanding of client needs and how this impacts the product development agenda/roadmap
• Excellent oral and written communication skills are required.
• Proficient in constructing/overseeing logical and conclusive presentations, distilling complex subject matter into management-ready materials
• Proven business leadership skills, with track record of building products and /or understanding of the core concepts of product management required.
• Ability to understand and grow the strategic business vision
• Proven track record of managing, leading, coaching and developing a team
• 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 required.
• Related Industry qualification (e.g. CTP) is desired.
• A minimum of 10 years of experience.
• Must have direct experience in product and banking.
• Must have expertise in banking across treasury management and transaction banking including global payments.
• Proven success in product and software development including vendor management.

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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 MyHRHelp@ntrs.com.

 
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.