Senior Product Manager-REPO at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Excellent oral and written communication skills
Proficient in constructing/overseeing logical and conclusive presentations, distilling complex subject matter into management-ready materials
Knowledge of all products or business areas within an umbrella, 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 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 to provide long term planning and to manage the profitability/performance of a major business segment
Leadership and organizational skills to determine the Business Unit's goals, resources needed, and to assess and develop the skills of staff
Knowledge of FICC operational settlements
Familiar with the new SEC Mandate to clear transactions in US Treasuries and Repurchase agreements
A College or University degree and/or relevant proven work experience is preferred

Responsibilities

Develop market insight by defining the target client segment markets and evaluating industry trends
Formulate strategy for the group by aligning cross functional teams, uncovering opportunities and determining life cycle states
Shape the value proposition, develop the business case and define the marketing mix model as part of the new product planning process
Lead in introducing new products to the market by securing regulatory approvals, publishing marketing material and conducting sales training
Assess industry movement and refine value based pricing post the launch of new products
Attend and present at industry events and publish in industry publications
Provide sales support including presenting at client and prospect meetings
Create strategies for cross-program coordination and go-to market rollouts
Carry out complex initiatives involving multiple disciplines and/or ambiguous issues
Display a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity
Conduct post launch audits, tracks product success, analyses P&L, metrics, KPIs, makes recommendations for improvements to promotional programs
Execute the strategy of the product umbrella as outlined by the Lead Product Manager, Product Executive and Head of Product Management for the business unit
Perform Product Management Lifecycle activities such as defining the target client segment market and evaluating industry trends and uncovering opportunities
Perform launches and post launch assessments/recommendations
Act as a resource for direction, training and guidance for less experienced staff

Skills

Key technologies and capabilities for this role

Product ManagementCleared RepoFICC IntegrationProduct RoadmapMarket SegmentationIndustry Trends AnalysisStrategy FormulationValue PropositionBusiness Case DevelopmentRegulatory ApprovalsProduct LaunchCross-functional Alignment

Questions & Answers

Common questions about this position

What is the work arrangement for this Senior Product Manager role?

The position follows a hybrid work model.

What salary or compensation is offered for this position?

This information is not specified in the job description.

What key skills are required for the Senior Product Manager role?

Excellent oral and written communication skills are required, along with proficiency in constructing logical presentations and distilling complex topics into management-ready materials. Knowledge of all products or business areas within the umbrella is also needed.

What does the company culture emphasize at Northern Trust?

Northern Trust emphasizes enduring principles of service, expertise, and integrity, with over 130 years of experience serving sophisticated clients using leading technology and exceptional service.

What makes a strong candidate for this Senior Product Manager position?

A strong candidate is strategic and execution-focused, with experience leading product lifecycle activities, aligning cross-functional teams, shaping value propositions, and handling complex initiatives across multiple disciplines.