Head of Product Management, Asset Servicing at Northern Trust in Chicago, Illinois

Job Description:

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.

Role/ Department:

The Head of Product Management - Asset Servicing is responsible for spearheading the strategic direction, and management of asset servicing products and solutions. This Executive leadership role involves working closely with internal stakeholders, clients, and industry bodies to enhance the firm's asset servicing offerings, ensuring they remain competitive, compliant, and aligned with market trends.

The key responsibilities of the role include:

Product Strategy & Development:

• Define and drive the product vision, strategy, and roadmap for asset servicing, aligning with business objectives and client needs.


• Assume responsibility for pricing and P&L of asset serving products


• Drive innovation efforts, identifying market trends and emerging technologies to enhance service offerings.


• Oversee the end-to-end lifecycle of asset servicing products, including Custody, Fund Administration, Banking & Markets & Data

Client & Market Engagement:

• Engage with key clients to understand their needs and develop solutions that add value to their operations.


• Represent the company at industry forums, conferences, and client meetings to position the firm as a thought leader in asset servicing.


• Monitor competitive and regulatory landscapes, ensuring product offerings are aligned with industry best practices.

Operational & Risk Management:

• Collaborate with technology, operations, and risk teams to ensure seamless delivery and operational efficiency.


• Drive prioritization of client change management process improvements and automation initiatives to enhance service quality and cost efficiency.


• Ensure compliance with regulatory requirements across different jurisdictions.

Leadership & Stakeholder Management:

• Lead and mentor a team of product managers, fostering a high-performance culture.


• Work closely with senior executives, sales, technology, and operations teams to align product strategy with broader business goals.


• Influence key decision-makers and drive cross-functional collaboration.

Skills/ Qualifications:

• Extensive experience in product management within asset servicing, custody, data & digital, fund servicing


• Strong understanding of financial markets, post-trade operations, and regulatory environments.


• Proven track record of developing and managing financial services products at a strategic level.


• Excellent stakeholder management skills, with the ability to engage senior executives and clients.


• Strong leadership, analytical, and problem-solving capabilities.


• Experience with digital transformation and automation in asset servicing is a plus.

Salary Range:
300,000.00 to 400,000.00

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 MyHRHelp@ntrs.com .

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.