at Northern Trust Company in Chicago, Illinois, United States
Job Description
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 :
1. 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
2. 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
3. Formulate strategy for the group by aligning cross functional teams, uncovering opportunities and determining life cycle states
4. Shape the value proposition, develop the business case and define the marketing mix model as part of the new product planning process
5. Lead in introducing new products to the market by securing regulatory approvals, publishing marketing material and conducting sales training
6. Assess industry movement and refine value based pricing post the launch of new products
7. Attend and present at industry events and publish in industry publications
8. Provide sales support including presenting at client and prospect meetings
9. Create strategies for cross-program coordination and go-to market rollouts
10. Carries out complex initiatives involving multiple disciplines and/or ambiguous issues
11. Drives the adoption and change in behaviors around new initiatives and products launched
11. Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity
12. 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...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
