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Sr. Manager – Banking & Treasury Services Product Management
Company | Northern Trust |
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Location | Chicago, IL, USA |
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Salary | $164600 – $288000 |
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Type | Full-Time |
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Degrees | |
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Experience Level | Senior, Expert or higher |
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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.
- Strong understanding or knowledge of applicable NT product 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.
- 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 determine the Business Unit’s goals, resources needed, and to assess and develop the skills of staff.
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.
- Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity.
- Makes staffing decisions, manages expenses and salary review process for the division.
- Participates in developing division strategic plan and sets goals and priorities based on the direction set for the unit; follows through to ensure that objectives are met.
- Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication.
Preferred Qualifications
- Program or project management experience is advantageous; planning, analysis, design and governance.