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.
The Manager of Transformation Performance and Finance will establish the financial, performance-management and benefits-realization disciplines required to ensure that the Wealth Management transformation portfolio delivers its commitments. This manager will create a single, reliable view of investment, resource utilization, delivery performance, adoption, client and field outcomes, and realized value.
Reporting to the Head of Transformation Enablement, the manager will oversee data and financial analysts and partner with Finance, Strategic Planning, Capital Management, Procurement, Technology, Product, Program Management and initiative leaders. The role will manage the full financial lifecycle of transformation activity, including annual planning, capital and expense budgets, forecasts, software and vendor costs, consulting arrangements, capitalization and utilization, reallocations, accruals, benefits tracking and executive reporting.
This is a hands-on management role with enterprise visibility. The manager will not merely report historical results. The manager will challenge assumptions, identify performance gaps, improve the quality of decisions, and recommend actions when initiatives are over budget, underutilizing approved capital, missing milestones, failing to adopt, or not producing the intended client, field, operational or financial benefits.
Transformation Performance Management
Design and own the integrated performance-management framework for the transformation portfolio, covering delivery, financial performance, client outcomes, advisor and employee impact, adoption, service, risk, controls and benefits realization.
Define standard KPI dictionaries, calculation methods, baselines, targets, data sources, owners, reporting frequency and escalation thresholds.
Create portfolio dashboards and executive reporting that distinguish activity, outputs, adoption, outcomes and realized benefits.
Establish a disciplined monthly performance review process and surface initiatives requiring intervention, additional evidence, reforecasting, scope change or discontinuation.
Benefits Realization and Value Assurance
Create and maintain benefits records for each transformation initiative, including expected client, field, growth, revenue, expense, productivity, capacity, risk and service outcomes.
Validate benefit assumptions, baselines, timing, dependencies and accountable business owners before investment approval.
Budgeting, Forecasting and Financial Planning
Lead annual and multi-year financial planning for the Transformation Office, including capital, operating expense, software, vendors, consulting, data, technology and internal resource requirements.
Maintain initiative-level and portfolio-level budgets, forecasts, commitments, actuals, accruals, variances and estimate-at-completion views.
Ensure financial plans reconcile across Transformation, Finance, Technology, Procurement and business records.
Capital Governance and Utilization
Monitor approved capital, release schedules, capitalization eligibility, utilization, in-service timing and forecasted carryover in partnership with Finance and Accounting.
Identify underutilized, delayed or stranded capital early and recommend acceleration, reallocation, reforecasting or release.
Expense, Vendor and Consulting Management
Manage the transformation portfolio view of software licenses, subscriptions, data expenses, external services, contractors and consulting arrangements.
Coordinate statements of work, purchase orders, contract financials, rate cards, milestones, invoices, accruals, renewals and termination dates with Procurement, Legal and initiative owners.
Management Information and Data Quality
Partner with source-system owners to improve data definitions, completeness, timeliness, reconciliation and lineage.
Allocate analyst capacity across recurring reporting, planning cycles, initiative support, ad hoc analysis and executive requests.
Build team capability in financial analysis, data management, visualization, benefits realization, executive communication and business partnership.
Governance and Executive Support
Prepare materials for transformation investment, portfolio and performance forums, including financial position, KPI performance, benefits, risks and decisions required.
Experience and Qualifications
8+ years of progressive experience in financial planning and analysis, corporate finance, capital management, portfolio management, transformation performance, management information, consulting or related disciplines.
Proven experience managing capital and expense budgets, forecasts, vendor or consulting spend, accruals, variances and executive financial reporting.
Strong analytical and data-management capability, including advanced spreadsheet skills and experience with financial, portfolio, visualization or business-intelligence tools.
Experience in wealth management, banking, asset servicing, financial services, technology or another highly regulated environment preferred.
Bachelor’s degree in finance, accounting, economics, business, data analytics or a related field required; MBA, CPA, CFA or other relevant advanced credential preferred.
The manager will have direct responsibility for a team of data and financial analysts. The initial team size may evolve with the transformation portfolio. The role is expected to operate as both a people leader and a working manager, with direct involvement in planning, analysis, portfolio reviews and senior-management deliverables.
Salary Range:
$137,400 - 233,600 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.
Work Authorization
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).
Working with Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.
