Defined Contribution Senior Product Manager

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role/ Department:

The Defined Contribution Senior Product Manager is responsible for executing the product strategy established by the Accounting Lead Product Manager and the Head of Anchor Product Management. The role include managing globally the Rebalancing product line.

The role manages activities across the product lifecycle, including identifying target client segments, assessing market and industry trends, developing product propositions and supporting product launches. The Senior Product Manager will also evaluate product performance following launch and recommend improvements based on client feedback, commercial results and relevant performance measures.

This individual will work collaboratively across multiple business areas and provide guidance and knowledge-sharing to colleagues.

The key responsibilities of the role include:

• Develop market insight by identifying target client segments, understanding client needs and evaluating market and industry trends.
• Support the development and execution of product strategy by aligning cross-functional teams, identifying opportunities and assessing product lifecycle stages.
• Shape product value propositions, develop business cases and define the appropriate marketing mix as part of the product planning process.
• Lead the introduction of new products and enhancements, including coordinating regulatory approvals, developing marketing materials and delivering sales training.
• Monitor industry developments and recommend appropriate value-based pricing strategies following product launch.
• Provide sales support by presenting product capabilities and propositions during client and prospective client meetings.
• Bring a balanced, cross-functional perspective when working with business partners to improve efficiency, effectiveness and productivity.
• Conduct post-launch reviews and monitor product performance through profit and loss analysis, key performance indicators, client feedback and other relevant measures.
• Recommend improvements to products, pricing, positioning and promotional programmes.

Skills/Qualifications:

The successful candidate will benefit from having:

• Strong product management experience, including involvement throughout the product lifecycle.
• Demonstrated understanding of product strategy, market analysis, client segmentation, value proposition development and go-to-market planning.
• Knowledge of the relevant products or business areas, together with an understanding of client needs and how these influence the product roadmap.
• The ability to translate complex information into clear, logical and decision-ready presentations and materials.
• Strong written and verbal communication skills, with the confidence to present to clients, prospective clients, senior leaders and industry audiences.
• Proven ability to build effective relationships, influence decisions and negotiate with clients, partners and stakeholders across multiple disciplines.
• Experience developing business cases and assessing product profitability, performance measures and commercial outcomes.
• Strong analytical skills, including the ability to interpret profit and loss information, metrics and key performance indicators.
• An understanding of business strategy development, long-term planning and the management of product or business-segment performance.
• Strong organisational and leadership skills, with the ability to establish priorities, coordinate resources and support the development of colleagues.
• The ability to work effectively in a complex environment, manage competing priorities and provide structure where requirements may initially be unclear.

Work Authorization

Applicants must have the right to work in the United Kingdom at the time of application and for the duration of employment.

Please note that Northern Trust is unable to provide visa sponsorship for this role. This includes Skilled Worker visas, Global Business Mobility routes, Graduate visas, Youth Mobility Scheme, High Potential Individual visas, Scale-up Worker visas, Temporary Worker visas, and other employer-sponsored visa categories.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.