BaNCS Product Manager

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 purpose The Business Product Manager will act as the accountable business owner for the BaNCS platform within Entitlements and Trade & Settlements. The role is responsible for defining business strategy, prioritising product development, governing platform change, management of the application and all Data attributes, ensuring operational readiness and maximising business value from platform investments. The role serves as the primary liaison between Operations, Product Management, Technology, vendors and business stakeholders while ensuring the platform supports strategic modernisation objectives, regulatory obligations, operational efficiency and client service requirements. Core responsibilities 1. Product strategy and roadmap Own and maintain the multi-year BaNCS product roadmap. Define the platform vision, target state and measurable business outcomes. Prioritise demand, enhancements, regulatory change and strategic initiatives. Evaluate business cases, benefits, risks, dependencies and investment opportunities. Align regional and functional requirements to the enterprise settlements strategy. 2. Platform governance Act as Business Application Owner for BaNCS and provide clear business accountability. Chair or represent the business in product governance forums and working groups. Approve business requirements, operating-model decisions and solution designs within delegated authority. Maintain oversight of product risks, issues, assumptions, dependencies and decisions. Escalate strategic decisions, delivery risks and control concerns to the appropriate governance body. 3. Requirements and change management Gather, challenge, document and prioritise business requirements. Translate operational and client needs into clear capabilities, outcomes and acceptance criteria. Manage the business backlog and recommend release priorities. Review impact assessments, change requests, sequencing options and implementation plans. Ensure changes transition successfully into the operating environment. 4. Data and process ownership Own or coordinate ownership for the key business processes operating through BaNCS. Define data-accountability and stewardship arrangements for critical settlement data.