Associate Product Manager

ntrs; Chicago (IL); On-site; USD 81,000 - 133,000; Full time

Benefits offered by this job

401k and pension

Health and welfare benefits

Paid time off

Parental and caregiver leave

Life & accident insurance

Discretionary bonus program

Job summary

Northern Trust is seeking an Associate Product Manager to help execute the product umbrella strategy under the Lead Product Manager, Head of Product Management, and Product Executive. You will participate in the Product Management Lifecycle, define target client segments, analyze industry trends, and support launches and post-launch assessments.

You will also maintain product materials, manage inventories, and contribute to risk analyses.

Qualifications

• Strong written and verbal communication skills.
• Experience in constructing and delivering presentations for internal/external stakeholders.
• Ability to build and maintain relationships with clients, partners and cross-functional teams.
• Excellent organizational skills to support goals and resource planning.
• Experience with program or project management is advantageous.

Responsibilities

• Support discovery and planning for new products.
• Assist in product requirements and forecasting.
• Collaborate across functions to improve efficiency and roadmap delivery.
• Contribute to risk analyses for new product introductions.
• Provide sales support through RFP responses and client pitches.
• Monitor metric performance and align regional rate cards.

Skills

Communication skills

Presentations

Relationship building

Organizational skills

Project management

Strategy development

Education

College degree or equivalent

ACC A or related qualification preferred

Job description

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.

Job Title: Associate Product Manager

Job Description Summary:

Under general supervision (but works independently most of the time) responsible for helping execute the strategy of the product umbrella as outlined by the Lead Product Manager, Head of Product Management and Product Executive for the umbrella. Responsible for Product Management Lifecycle activities in partnership with the Senior Product Manager such as helping define the target client segment market and evaluating industry trends and uncovering opportunities, perform launches and post launch assessments/ recommendations. The Associate Product Manager will also be responsible for performing regular maintenance of product materials, maintaining product inventory and key metrics Support new product introduction by creating the risk analysis. Provide sales support through client/ prospect pitches and RFP response and review.

Major Duties:

• Support discovery and innovation by creating client personas and evaluating competitors
• Assist in new product planning activities by deriving forecasts, composing product requirements and establishing future metrics
• Display a balanced, cross- functional perspective, liaising with the business to improve efficiency, effectiveness and productivity
• Support new product introduction by creating the risk analysis
• Track customer satisfaction, evaluate metrics and KPIs, gauge channel performance, conduct post product launch audits
• Provide sales support through RFP response and review
• Monitor capital and expenses and rate card alignment across regions
• Carries out complex activities with significant financial, client, and/or internal business impact
• Able to serve as a key subject matter expert and mentor to other more junior level employees

Knowledge:

• Good oral and written communication skills are required. Experienced in constructing/ overseeing logical and conclusive presentations.
• Understanding or knowledge of 2-3+ NT products or business areas within an umbrella, mastery of 1+ product and an understanding of client needs and how this impacts the product development agenda/roadmap.
• Good in building key relationships, influencing and negotiating with clients, partners and leaders across multiple disciplines.
• Organizational skills are required to support the Business Unit's goals, resources needed, and to assess and develop the skills of staff.
• 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.

Experience:

• A College or University degree and/or relevant proven work experience is required. Related Industry qualification (e.g. ACCA) is required / preferred.

Salary Range:

Salary Range: $80,800 - 133,400 USD

• 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

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

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 the