Senior Product Manager-REPO

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.

We are seeking a strategic and execution-focused Senior Product Manager to lead the development and enhancement of our Cleared Repo product offering. This role will be central to shaping the roadmap for cleared repo services, including integration with platforms like FICC and ensuring alignment with client needs, regulatory requirements, and operational capabilities.  Responsible for executing the strategy of the product umbrella as outlined by the Lead Product Manager, Product Executive and Head of Product Management for the business unit. Responsible for Product Management Lifecycle activities such as defining the target client segment market and evaluating industry trends and uncovering opportunities. The senior product manager will also perform launches and post launch assessments/ recommendations. Acts as a resource for direction, training and guidance for less experienced staff. Work Model: Hybrid Major Duties: 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 Carries out complex initiatives involving multiple disciplines and/or ambiguous issues Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity Conducts post launch audits, tracks product success, analyses P &L, metrics, KPIs, Makes recommendations for improvements to promotional programs Knowledge: Excellent oral and written communication skills are required. 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 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. Knowledge of FICC operational settlements Familiar with the new SEC Mandate to clear transactions in US Treasuries and Repurchase