The Lead Product Manager is a senior business leader with global responsibility for Fund Accounting. Reporting into the Head of Product Management & Solutions, the Lead Product Manager is supported by product teams including subject matter experts, business analysts and product managers as needed and are jointly accountable to the Fund Accounting Product Executive to set the strategic direction of the product.
We are seeking a Lead Product Manager for Fund Accounting within our Asset Servicing business. This broad based, leadership role will be responsible for a global product team. The seasoned leader will have a deep understanding of the fund services business and a proven track record for managing products, building strategies, leading global teams, maximizing operational efficiencies and successfully boosting revenue and profitability.
Product Management Role:
Product management is tasked with focusing energies on five key disciplines:
Planning: Strategic and Tactical Product Planning & Development
Marketing: Promotional Communications, Sales Tools and Training
Sales and Distribution Channel Support
Financial and Profitability Management
Regulatory and Risk Management
Product Management designs and leads cross functional teams eg Sales, Product Development, Marketing, Operations, Client Servicing and Financial Management to help optimize the market position and performance of the products.
Responsibilities of the Lead Product Manager:
Responsible for management of product lifecycle and the issues that impact the delivery of capability or service
o Discovery and Innovation: Derive market insights and formulate product strategy
o New Product Planning: Concept, feasibility and definition
o New Product Introduction: Development and launch of product
o 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
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
Partner with Technology Lead to ensure recommended roadmap is feasible and aligns with corporate / C&IS technology strategy
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
Requirements:
Proven business leadership skills, with track record of building products and /or understanding of the core concepts of product management required
Very strong operational experience in the fund administration industry at least 10 years with a strong knowledge of fund structure and jurisdictional inter-operability
Demonstrates an in-depth knowledge of the funds industry
Demonstrates a solid grasp of the technology and systems supporting the product with direct knowledge of core fund accounting platforms
Excellent communication skills as the role is highly consultative in nature
Proficient in constructing/overseeing logical and conclusive presentations, distilling complex subject matter into management-ready materials
Ability to understand and grow the strategic business vision
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
Ability to demonstrate inclusion of risk and control parameters in daily activities
Display strong understanding of client needs and how this impacts the product development agenda/roadmap
Program or project management experience is advantageous; planning, analysis, design and governance
About Northern Trust
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
Northern Trust proudly cultivates a diverse workforce, to serve our diverse client base. We strongly believe that diversity of experience contributes to a broader collective perspective that will consistently lead to a better company. We encourage applications from the best regardless of ethnicity, gender, gender identity, age, nationality, disability, sexual orientation, education, socio-economic background, parental and caring status, or religion.
As of September 30, 2018, Northern Trust Corporation had:
$10.8 trillion in assets under custody/administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$132 billion in banking assets
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