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Multi Asset Class Product Manager - Strategic Product Group

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Investment Management
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63777 Requisition #
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Northern Trust Asset Management leverages deep capital markets expertise and capabilities to provide differentiated and innovative investment solutions for clients and profitable growth for shareholders. The Strategic Product Management Group (SPG) mission is to translate our asset management capabilities into a comprehensive product strategy rooted in the firm’s strategic growth plans. The SPG works collaboratively with investment manufacturing and distribution to ensure products are effectively managed through the product life cycle. We are seeking results-driven investment professionals who will play critical roles in commercialization of our core asset management capabilities. 

Strategic Product Group – Multi asset class Product Manager 

The Product Manager is a capability expert who develops and manages comprehensive product plans that yield profitable growth. Responsibilities lie in 4 broad areas: (1) competitive landscape assessment; (2) product innovation, positioning and messaging; (3) go-to-market action plans; (4) pricing Key 

Responsibilities 
  1. Support all the activities of the Strategic Product Group  
  2. Run analysis of market and industry trends. Inform product development and commercialization efforts for a range of vehicles including but not limited to Collective Trusts and UCITs. 
  3. Identify product competitive sets/peers and the key Northern Trust product value drivers that are differentiators relative to the competition. 
  4. Develop internal assessment approach, mapping existing products to stages of the product lifecycle, to aid in identification of gaps and establishment of product development priorities. Work with senior product managers to recommend repositioning or elimination of products as needed to enhance commercial performance. 
  5. Assess investment performance and product commercial viability throughout the product life cycle. 
  6. Write quarterly investment commentaries for our core strategies  
  7. Support business case development for product innovation cleared through product governance and vetting structures. 
  8. Champion product line profitability and evolve pricing and expense management strategies to effectively manage the P&L. 
  9. Collaborate with distribution and investment manufacturing teams on annual sales and revenue targets. 
  10. Position and promote products in collaboration with Product Marketing and Investment Team Strategists with focus on content development for thought leadership and sales collateral. 
  11. Support sales/prospecting opportunities with effective pricing strategies against the backdrop of competitive institutional client bids.
Qualifications 
  1. Bachelor degree; MBA and/or CFA strongly preferred. 
  2. 5-7 years of work experience in the investment management industry, with direct experience in investment product management with passive strategies 
  3. Exposure to Institutional client vehicles including Collective Investment Trusts 
  4. Strong analytical and business management skills with an ability to translate broad strategic goals into specific and measurable action plans 
  5. Strong oral and written communication skills, prior experience with product marketing collateral development is a plus 
  6. Strong team orientation with solid negotiation skills and an ability to influence across disciplines and outside of reporting lines; an ability to lead virtual teams 
  7. P&L management experience 
  8. Experience developing junior staff 
  9. Proficient with investment tool sets, project management software, Excel and Powerpoint
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.

As of December 31, 2018, Northern Trust Corporation had:

$10.1 trillion in assets under custody/administration
$7.6 trillion in assets under custody
$1.1 trillion in assets under management
$132 billion in banking assets 

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
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    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

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      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

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    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement