Specialist Product Manager / Agile Product Owner

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. Job Profile Summary: The Specialist Product Manager / Agile Product Owner is accountable for maximizing the business value delivered by an agile product delivery team. This role represents the voice of the business, client, and regulatory stakeholders, ensuring that product delivery aligns to strategic objectives, client outcomes, and enterprise priorities. The Product Manager/Owner influences & translates product vision and business strategy into a prioritized and actionable product backlog, driving delivery outcomes through close partnership with Technology, Business Analysis, and cross-functional stakeholders. Key Responsibilities of the Role Include: 1. Product Ownership & Value Delivery Own and prioritize the Product Backlog to optimize business value and client outcomes Ensure backlog alignment to product strategy, regulatory requirements, and funding commitments Make informed trade-off decisions across scope, timeline, risk, and investment Define and maintain clear acceptance criteria to ensure delivery meets intended outcomes Balance short-term delivery needs with long-term product evolution and sustainability Carry out complex initiatives involving multiple disciplines and/or ambiguous issues 2. Agile Execution & Delivery Oversight Actively participate in Agile ceremonies including sprint planning, reviews, and retrospectives Accept or reject completed work based on defined acceptance criteria and alignment to business intent Ensure delivery teams focus on outcomes, not just feature completion Partner with Scrum Masters and Technology Leads to maintain delivery momentum and remove blockers Ensure backlog items are clearly defined, sequenced, and ready for development Conduct post launch audits, track product success, analyze P&L, metrics, KPIs 3. Stakeholder & Business Engagement Serve as the primary liaison between business stakeholders and delivery teams Engage Product Executives, Operations, Risk, Compliance, and Technology partners to align priorities Communicate product vision, roadmap, and delivery progress to stakeholders in a clear, concise manner Represent client and business needs throughout the product lifecycle Provide sales support including presenting at client & prospect meetings Display a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity 4. Strategic Alignment & Product Direction Formulate strategy by aligning cross functional teams, uncovering opportunities and determining life cycle states. Shape the value proposition and develop business cases as part of the product roadmap planning process. Create strategies for cross-program coordination and go-to-market rollouts. Align backlog priorities to product roadmaps, enterprise initiatives, and client commitments Ensure solutions meet regulatory, operational, and risk management expectations Collaborate with Product Management to align delivery with broader product strategy Continuously refine product priorities based on stakeholder feedback, performance, and outcomes 5. Risk, Control & Regulatory Alignment Lead in introducing new products and features to the market by securing regulatory approvals, contributing to marketing materials