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Sr. Manager – Banking & Treasury Services Product Management

Sr. Manager – Banking & Treasury Services Product Management

CompanyNorthern Trust
LocationChicago, IL, USA
Salary$164600 – $288000
TypeFull-Time
Degrees
Experience LevelSenior, Expert or higher

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.