Senior Manager, Product Development

4 weeks ago

Chicago, Illinois, United States Northern Trust Full time
About Northern Trust:

Northern Trust is a leading financial institution with a rich history dating back to 1889. We pride ourselves on providing innovative financial services and guidance to the world's most successful individuals, families, and institutions.

Our team is dedicated to delivering exceptional results and building long-lasting relationships with our clients. We are committed to staying true to our core values of service, expertise, and integrity.

We are seeking a highly skilled and experienced professional to join our team as a Senior Manager, Product Management. This role will be responsible for developing market insight, formulating strategy, and leading cross-functional teams to drive business growth.

Key Responsibilities:

  • Develop market insight by defining target client segments and evaluating industry trends
  • Formulate strategy for the group by aligning cross-functional teams and determining life cycle states
  • Shape the value proposition, develop the business case, and define the marketing mix model
  • Lead and oversee the introduction of new products to the market, securing regulatory approvals and conducting sales training
  • Oversee team providing post-product audits and tracking product successes
  • Assess industry movement and refine value-based pricing post-launch
  • Attend and present at industry events and publish in industry publications
  • Provide sales support, including presenting at client and prospect meetings
  • Conduct post-launch audits, track product success, analyze P&L, metrics, and KPIs, and make recommendations for improvements to promotional programs
  • Create strategies for cross-program coordination and go-to-market rollouts
  • Display a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness, and productivity
  • Participate in developing the group strategic plan and set goals and priorities based on the direction set for the umbrella
  • Initiate, assist, participate, or lead efforts that have an impact on one or more products or deliverables within or across the product umbrella
  • Conduct performance management and career development processes, provide input for staffing and disciplinary actions, and provide hands-on training to staff
  • Focus on the execution of strategic direction of business function activities
  • Provide input and support to budget management processes

Requirements:

  • Knowledge of all products or business areas, mastery of 2-4+ and SME ability in at least 1-2+ specific areas
  • Excellent oral and written communication skills, proficient in constructing/overseeing logical and conclusive presentations
  • Thorough understanding or knowledge of applicable NT products 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/preferred. Related Industry qualification (e.g. ACCA) is required/preferred

Working with Us:

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 .

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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