Product Manager - Cash & Liquidity Solutions

Company: Northern Trust Corp
Location: Chicago
Posted on: November 2, 2024

Job Description:

Product Manager - Cash & Liquidity Solutions
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.
Role/ Department:
The Cash Product Manager is the senior leader who delivers cash and liquidity solutions for AS clients and prospects. This position is a Chicago-based product role that will:

• 
  
• Demonstrate expertise in NT's cash/liquidity products, institutional cash investment strategies, and market trends/conditions.
  
• Position NT's cash solutions and establish governance over deposit rates offered to custody clients worldwide.
  
• Guide NT's future cash infrastructure development to underpin future cash/liquidity services which will respond to changing client and market demands.
  
  The key responsibilities of the role include:
  
  • 
    
  • Represent NT's Cash/Liquidity products to AS custody clients and prospects, working daily with AS client servicing and sales partners globally.
    
  • Manage NT's custody cash deposit rates, including documentation of competitive intel, tracking of market rate changes, recommendations of rate changes to management, governance/approvals for all decisions, implementation, and communication to all regions.
    
  • Support NT Risk and Finance in efforts like modeling, forecasting, and compliance reporting.
    
  • Coordinate with the other Sr. Product Mgr and Sr. Financial Analyst.
    
  • Collaborate across teams in AS Product Management for new product ideas.
    
  • Contribute to the Cash Program's development of technology platforms by articulating AS business needs.
    
  • Operate across Asset Management (NTAM) and the Treasury and Finance teams (NT CFO department).
    
  • Prepare RFP responses and track cash/liquidity product usage by current clients.
    
  • Deliver management information regarding client deposits/rates within the context of NT relationship profitability.
    
    Skills/Qualification
    The successful candidate will benefit from having:
    
    • 
      
    • Previous experience and success in finance, product, banking, accounting, cash management sales, client servicing or another related field of work.
      
    • Understanding of NT's current cash and liquidity products.
      
    • Understanding of institutional cash investment strategies, markets, and regulations.
      
    • Experience devising and positioning NT solutions to meet the needs of AS clients/prospects.
      
    • Knowledge of how current cash products are delivered on legacy platforms.
      
    • Ability to articulate business priorities for the Cash Program to develop NT's future systems.
      
    • Leadership of efforts that crossed business units, geographic regions and corporate functions.
      
    • Planning, organization, and communication skills as required for presentations to clients, prospects, and NT senior management.
      
    • Ability to effectively use Excel and Power BI.
      
      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.
      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.
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