Product Manager – Banking | Chicago, IL, USA

About Northern Trust

Northern Trust, an esteemed financial institution, stands as one of the Fortune 500 companies. Its recognition on a global level and array of awards underscores its continuous operation since 1889. Northern Trust is committed to remaining true to its enduring principles of service, expertise, and integrity. The company takes pride in offering innovative financial services and guidance to the world’s most successful individuals, families, and institutions.

With more than 130 years of financial experience and over 22,000 partners, Northern Trust is equipped to serve the world’s most sophisticated clients. The company leverages leading technology and exceptional service to meet the diverse needs of its clients.

Job Description Summary

The role described here pertains to managing the strategy of banking products as outlined by the Lead Product Manager and Product Leadership. The responsibilities include executing Product Management lifecycle activities in partnership with senior product leaders. These activities range from defining target client segments, evaluating industry trends, supporting product launches, to performing post-launch assessments.

The role also involves maintaining product materials, inventory, and key metrics while supporting new product introductions through risk analysis. This position 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

Northern Trust offers a competitive salary range from $88,900 – 151,100 USD. Along with this, the company provides a comprehensive benefits package that includes 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, you get to be part of a flexible and collaborative work culture. The company’s financial strength and stability encourages the exploration of new ideas. There’s ample room for movement within the organization, and senior leaders are accessible. You can take pride in working for a company dedicated to assisting the communities it serves. Northern Trust is a workplace with a greater purpose.

Northern Trust is eager to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies. Therefore, if you’re looking to build your career, consider applying 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] .

The company values an inclusive workplace and acknowledges that flexibility means different things to different people. So, if you’re excited about the role and the opportunity to work with us, apply today. Let’s talk about your flexible working requirements and together, we can achieve greater.

Find out more about this role and how to apply here.

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John Wick

John Wick

ABJ, a Senior Writer at Luxurylaunches, brings over 10 years of automotive journalism expertise. He provides insightful coverage of the latest cars and motorcycles across American and European markets, while also highlighting luxury yachts, high-end watches, and gadgets. An authentic automobile aficionado, his commitment shines through in educating readers about the automotive world. When the keyboard rests, Sayan feeds his wanderlust, traversing the world on his motorcycle.
John Wick

John Wick

ABJ, a Senior Writer at Luxurylaunches, brings over 10 years of automotive journalism expertise. He provides insightful coverage of the latest cars and motorcycles across American and European markets, while also highlighting luxury yachts, high-end watches, and gadgets. An authentic automobile aficionado, his commitment shines through in educating readers about the automotive world. When the keyboard rests, Sayan feeds his wanderlust, traversing the world on his motorcycle.
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