Product Manager

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.

Sr. Product Manager – Aggregation (Open Banking)

Role Summary

Responsible for executing the strategy for the Aggregation / Open Banking product area as outlined by the Lead Product Manager, Product Executive, and Head of Product Management. This role owns Product Management lifecycle activities—defining target client segments, evaluating industry trends, uncovering opportunities, shaping value propositions and business cases, and leading launches and post-launch assessments/recommendations. Acts as a resource for direction, training, and guidance for less experienced staff while driving cross-functional alignment across business, technology, data, risk, and operations.

In addition, this role is accountable for the Aggregation capability that enables external account connectivity and data ingestion across the Wealth ecosystem, including oversight of aggregation providers and the reliability/quality of aggregated data across internal platforms.

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa) 

Major Duties

• Develop market insight by defining target client segment markets and evaluating industry trends
• Formulate strategy by aligning cross functional teams, uncovering opportunities and determining lifecycle states
• Shape the value proposition, develop business cases, and define go-to-market approach
• Lead introduction of new products by coordinating approvals, publishing materials, and supporting sales training
• Assess industry movement and refine value-based pricing post launch
• Provide sales support including presenting at client and prospect meetings
• Create strategies for cross-program coordination and go-to-market rollouts
• Conduct post-launch audits, track product success, analyze P&L, metrics, and KPIs, and recommend improvements
• Drive complex initiatives involving multiple disciplines and stakeholders
• Display a cross-functional perspective, partnering with business, technology, and operations
• Own aggregation platform strategy and roadmap across Wealth capabilities
• Manage platforms such as Yodlee, Plaid, and PCR, including vendor performance and roadmap alignment
• Evaluate and onboard new aggregation tools/providers for inbound (data ingestion) and outbound (API/open banking) use cases
• Oversee external account connectivity, data ingestion, normalization, and reliability across platforms
• Partner with risk, security, and compliance on data sharing, consent, and regulatory requirements
• Define and track KPIs such as connection success rates, data quality, refresh cadence, and platform uptime

Qualifications

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa) 

• Strong communication skills; ability to translate complex topics into clear, management-ready materials
• Broad product knowledge with SME depth in at least one area and strong understanding of client needs
• Ability to build relationships, influence, and negotiate across teams and partners
• Experience with program/project management (planning, analysis, governance)
• Knowledge of business strategy and product lifecycle management
• Understanding of aggregation platforms, open banking, APIs, and data connectivity patterns
• Experience managing third-party vendors and platform performance (SLAs, reliability, issue resolution)
• Familiarity with data ingestion, normalization, and quality controls

Preferred Qualifications

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa) 

• Wealth Management or Financial Services experience, particularly in areas involving open banking
• College or University degree and/or relevant proven work experience preferred

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.