Product Lead, Elevate Platform

Northern Trust • Chicago, IL

6d • $205,700 - $360,100

About The Position

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.

Requirements

• 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
• Deep understanding or knowledge of 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 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 direct the activities for the multiple units.
• A College or University degree and/or relevant proven work experience is required.
• Related Industry qualification (e.g. ACCA) is required.

Nice To Haves

• Seasoned leader with extensive business experience, and broad functional expertise, with focus on proactive strategic leadership

Responsibilities

• Responsible for management of 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
• 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
• Represents organization with thought leadership - product at industry events, in publications, and at client events
• Establish, manages and monitor 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
• Oversees, plans and directs the activities for the Unit, ensuring that Business objectives are being met
• Assumes accountability for financial and staffing resources, including developing and managing capital and expense budgets, liaising cross-function to improve efficiency, effectiveness and productivity
• Assumes full accountability for the performance and profitability of the area as compared to the plan
• Responsible for managing multiple units or functions through the direct management of a group of managers

Benefits

• 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
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: Associate degree