Senior Product Manager - Asset Management (Liquidity & Cash Investments)

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role

The Senior Product Manager, Liquidity & Cash Investments is responsible for the strategic development, management, governance, and commercial positioning of Northern Trust Asset Management’s liquidity solutions. The role partners closely with investment, distribution, legal, compliance, risk, operations, and technology teams to deliver innovative, scalable, and client-focused investment products that meet evolving market demands while maintaining regulatory and governance standards.

Key Responsibilities

Liquidity Product Strategy & Management

• Lead the development and execution of product strategy across liquidity and cash investment solutions, including mutual funds, money market funds, government and treasury strategies, sweep-eligible products, and separately managed accounts.
• Monitor market trends, client requirements, competitive developments, interest rate environments, regulatory changes, and industry innovation to identify product opportunities and enhancements.
• Develop product positioning, business cases, and strategic recommendations for senior leadership.
• Act as a subject matter expert for liquidity solutions, supporting internal stakeholders, clients, consultants, and distribution teams.
• Prepare executive presentations, client materials, marketing content, and sales support documentation.

Product Development & Cross-Functional Leadership

• Drive product launches, enhancements, restructures, and lifecycle management initiatives.
• Support the development of tokenized liquidity solutions and digital product capabilities, ensuring alignment with broader business strategy and client needs.
• Partner with portfolio management teams on investment strategy, product performance, liquidity management, cash flows, investment guidelines, and capacity considerations.
• Collaborate with technology teams to enhance digital client experiences and cash management platforms.
• Coordinate product governance processes, including product approvals, fund changes, prospectus updates, and committee materials.

Governance, Risk & Regulatory Oversight

• Partner with legal, compliance, risk, and operational teams to ensure products remain compliant with applicable regulations and internal governance requirements.
• Support regulatory initiatives, disclosures, documentation updates, and ongoing product oversight activities.
• Contribute to product governance committees and risk management forums.
• Ensure operational readiness and effective controls throughout the product lifecycle.

Qualifications & Experience

• Bachelor’s degree in Finance, Economics, Business, or a related discipline.
• Significant experience within asset management, product management, liquidity investments, fixed income, treasury, or cash management solutions.
• Strong knowledge of money market funds, cash investment products, liquidity strategies, and institutional client requirements.
• Understanding of regulatory frameworks, product governance, and risk management practices within asset management.
• Experience working across global, cross-functional teams and influencing senior stakeholders.
• CFA, CAIA, MBA, or other relevant professional qualifications preferred.

Skills & Competencies

• Strong product management and strategic thinking capabilities.
• Excellent analytical and problem-solving skills with the ability to translate market insights into actionable product strategies.
• Strong executive-level communication and presentation skills.
• Proven ability to lead cross-functional initiatives and influence stakeholders across the organization.
• Client-focused mindset with strong commercial awareness.
• Exceptional organizational skills and attention t…