Product Manager - Banking

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Job Description Summary

Responsible for executing the strategy of Banking products as outlined by the Lead Product Manager and Product Leadership. Drives Product Management lifecycle activities in partnership with senior product leaders, including defining target client segments, evaluating industry trends, supporting product launches, and performing post-launch assessments.

Maintains product materials, inventory, and key metrics while supporting new product introductions through risk analysis. Provides sales support through client pitches and RFP responses.

Major Duties & Responsibilities

• Support discovery and innovation by developing client personas and evaluating competitors

• Assist in product planning by deriving forecasts, defining requirements, and establishing KPIs

• Manage and prioritize product backlog; translate requirements into user stories and acceptance criteria

• Partner cross-functionally with technology, design, data, and business teams to deliver features

• Support new product introduction, including risk analysis, pilots, and launch readiness

• Track customer satisfaction, adoption metrics, and KPIs; conduct post-launch reviews

• Provide sales support through client/prospect pitches and RFP responses

• Monitor capital and expense alignment across banking products and regions

• Act as a subject matter expert, providing guidance to partners and stakeholders

• Contribute to both day-to-day execution and strategic direction of banking product initiatives

Necessary Knowledge & Skills

• Strong written and verbal communication skills; able to build clear, logical presentations

• Working knowledge of banking products (e.g., deposits, lending, payments)

• Understanding of client needs and their impact on product strategy and roadmap

• Ability to build relationships, influence stakeholders, and collaborate across teams

• Strong organizational and analytical skills to manage priorities and track performance

• Familiarity with product lifecycle, agile delivery, and governance frameworks

Necessary Experience & Education

• Bachelor’s degree or relevant work experience required

• Experience in product management, banking, or financial services preferred

• Experience working with cross-functional and agile teams

• Program or project management experience is a plus

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected].

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.