Manager, Product Management - Global Family Office (GFO)

Northern Trust Asset Management • Full-time • Chicago, IL, US • $114.50k - $194.70k / year • 12h ago

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 Posting Title: Manager, Product Management

Job Description Summary

Responsible for executing the strategy of the product umbrella as outlined by the Lead Product Manager and Head of Product Management and Product Executive for the umbrella. Also responsible for managing a team of Associate Product Managers. Conducts performance management and career development processes, and staffing and disciplinary actions.

Major Duties

Develop market insight by defining the target client segment markets and evaluating industry trends
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
Leads and oversees introducing new products to the market securing regulatory approvals, publishing marketing material and conducting sales training
Oversees team providing post product audits and tracking product successes
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
Provides sales support including presenting at client and prospect meetings
Conducts post launch audits, tracks product success, analyses P &L, metrics, KPIs, Makes recommendations for improvements to promotional programs
Create strategies for cross-program coordination and go-to market rollouts
Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity
Participates in developing group strategic plan and sets goals and priorities based on the direction set for the umbrella; follows through to ensure that objectives are met
Initiates, assists, participates or leads efforts that have an impact on one or more products or deliverables within or across the product umbrella and might involve other parts of the NT Organization; may have a technology component
Conducts performance management and career development processes, provides input for staffing and disciplinary actions and provides hands-on training to staff

Knowledge

Knowledge of multiple products and business areas within an umbrella, able to assist in solving complex and complicated issues, able to lead initiatives relating to client segmentation, evaluating market trends and uncovering opportunities
Excellent oral and written communication skills are required. Proficient in constructing/overseeing logical and conclusive presentations, distilling complex subject matter into management-ready materials
Strong understanding or knowledge of applicable NT product(s) and a strong understanding of client needs and how this impacts the product development agenda/roadmap
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 product management 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.

Salary Range

$114,500 - 194,700 USD

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.