Head of ETF Product Development and Launch Management

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.

Position Summary:

The ETF Product Development and Launch Management role reports to the Head of Global ETFs and Funds and manages the ETF product development and launch process. The incumbent has primary responsibility for the development and launch of NTAM's ETFs. The role draws upon extensive product-management and development knowledge to achieve product-related goals, (ii) leads and/or supports collaboration with other key stakeholders and (iii) encourages professional excellence and growth among members of the ETF Product Development and Launch team.

Major Duties:

• Owns the end-to-end ETF launch process, from approval to market launch
• Develops and manages critical path timelines for each ETF launch
• Ensures effective coordination amongst all stakeholder groups throughout the product-development life cycle
• Ensure that all individual services necessary to satisfy a fund's investment, operational and administrative requirements have been identified, resourced, qualified and integrated into a comprehensive, coordinated whole
• Translate approved ETF concepts into implementable fund structures
• Develops, qualifies and manages the Fund Governance docket, in collaboration with key stakeholders (e.g., NTAM Executive Management, Fund Counsel, Trustee Counsel, NTAM Legal, Adviser and Fund Compliance and Fund Admin.)
• Build and refine a repeatable ETF launch playbook, helping to standardize launch workflows
• Ensure alignment across Strategy, Product Management and Capital Markets for all launch activities.
  
  
  

Additional Responsibilities:

• Support the Marketing and Sales teams as it relates to the investment and administrative properties of NTAM's ETF products, including in relation to competitive peers
• Coordinate with FOO and Fund Compliance for the qualification and pricing of services to be provided by JP Morgan, (i.e., fund accounting, fund administration, regulatory administration, custody, and index receipt agent)
• Coordinate with FOO, ETF Capital Markets, ETF Marketing, and Adviser Compliance as appropriate with regards to the qualification and pricing of services provided by Foreside
  
  
  

Knowledge:

• In depth knowledge of the asset management business and investment products, (including foreign jurisdictions)
• Direct ETF launch experience at a major asset manager
• Strong business execution and management skills
• Well versed in the rules and regulations governing the investments, administration, operations and offering of ETFs in the US market and is a seasoned manager of supporting staff
• Strong, practical management skills: ability to set and prioritize goals, problem solve and course correct
• Thought leadership and collegiality: the ability to engage with other committed professionals, to contribute substantively to the development and pursuit of shared goals, to advocate for one's own views while also respecting those of others.
• Persuades managers and leaders to act and/or negotiates with external partners/vendors/clients
  
  
  

Experience:

• At least ten years' experience managing ETFs (or the equivalent)
• Bachelor degree is required; Master in Business and Administration and/or CFA is strongly preferred.
• Demonstrated success in managing multiple related teams, setting departmental priorities and allocating resources to align with business objectives
• Investor-centric focus and entrepreneurial experience is also highly valued.
  
  
  

Salary Range:

$164,600 - 288,000 USD

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 MyHRHelp@ntrs.com .

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.