Northwestern Mutual

Senior Director of Product, Wealth Management

Northwestern Mutual • $176K — $264K *
Milwaukee, WI 53215In-Person
Finance & Insurance
11 - 15 years of experience
2 months ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Computer Science or related field.
  • MBA or CFA preferred for advanced business understanding.
  • 15+ years of experience as a product manager in tech-driven environments.
  • Experience in investment and wealth management sectors.
  • Strong communication skills for both technical and business contexts.
  • 5+ years managing teams of product managers.
  • Ability to navigate a matrix organization.

Responsibilities

  • Engage and influence various business partners and stakeholders effectively.
  • Translate business strategies into actionable tech objectives and results.
  • Create and oversee a long-term technology roadmap for wealth solutions.
  • Foster a culture of accountability and team development.
  • Ensure timely and high-quality delivery from team members.
  • Utilize data to manage enterprise dependencies effectively.
  • Set measurable goals aligned with business strategy for the product portfolio.

Benefits

  • Hybrid work model offering flexibility.
  • Opportunities for professional growth and advancement.
  • Culture that emphasizes collaboration and innovation.
  • Support for continuing education and skill development.
Full Job Description
About the Role

As we accelerate our investment in Wealth Tech, we are seeking an exceptional Senior Director of Product to lead a dynamic team of product managers to lead and drive the implementation of modern wealth tech stack. The director will possess and apply their wealth business domain expertise while working in close partnership with wealth business leaders to co-develop innovative technology strategies and ensure technology initiatives closely align with business goals. Collaboration across engineering, design, servicing, Investment management, Field and other Enterprise partners is essential to drive product development and deliver impactful solutions.

What You'll Do in the Role/Skills You'll Have
  • Business Influence: Collaborates, communicates and influences business partners, direct reports, stakeholders, and other enterprise functions based on understanding of the wealth domain and organizational needs. Building trust with business partners, direct reports, stakeholders, and other enterprise functions and brings positive impact to the overall outcome of the organization.
  • Business Strategy Translation: Translate business strategy into actionable technology capabilities, objectives, and measurable results by partnering with business, engineering, design, servicing, field and enterprise teams and applying wealth domain expertise.
  • Roadmap Creation: Develop a long-term (2-5 years) technology roadmap for Wealth business solutions, foster a culture of domain expertise, and enable strategic business objectives. Provide direction that illustrate the epics and features that will be delivered across a portfolio of products or platform and how it integrates with other cross functional team efforts.
  • Leadership: Creates the future by fostering an engaging environment and encourage accountability and development. Breaks down barriers so individuals and teams can be accountable and responsible to do their best.
  • Accountability: Holds self and their direct reports accountable for measurable, high-quality, timely, and cost-effective results, delivery, and execution. Determines team objectives, sets priorities, delegates work to direct reports, and accepts responsibility for mistakes.
  • Business Acumen: Applies knowledge of both general and organization-specific business issues/financial implications for the organization to problem solve.
  • Dependency Management: Utilizes data and insights to identify and monitor enterprise dependencies and guides the development and execution of sophisticated product strategies by applying risk management methodologies for optimal results.
  • Goal setting: Partner with key functions to set technology objectives and key results aligned to the business strategy for the Wealth product portfolio. Aligns other functions like engineering, design, field, finance, service and enterprise around a common set of measurable goals.
  • Requirements Specification: Identify and prioritize technology capabilities and drive the development and implementation of advanced product solutions or platforms for the field and home office customers.
  • Team Leadership: Foster an engaging environment, encourage accountability and growth, and remove obstacles to maximize team performance. Identify necessary skills, build or adjust teams to fit those needs, and set long-term goals for both the product portfolio and individual team members.
  • Alliance Building: Collaborate with employees and stakeholders, nurture talent, and proactively address skill gaps to maximize business value outcomes.
  • Opportunity Creation: Turn challenges into growth opportunities, resolve conflicts, and inspire high-performing teams through expertise, energy, and empathy.
  • Data-Driven Decision Making: Build and model a culture of data-driven decision-making. that influences business, engineering and other stakeholders to model this behavior.
  • Prioritization: Partner with business stakeholders to balance priorities aligned to business strategies, track progress against key metrics and results, and support teams as they achieve ambitious goals.
  • Dependency Management: with enterprise dependencies
  • Requirements Management: Accountable for their team's product requirements including the ability to evaluate what good requirements look like, teach best practices, and use requirements effectively to build outstanding products.
  • Product Definition: Identifies and validates problems and/or opportunities for multiple user groups/scenarios across the organization. Aligns stakeholders and documents high-level business requirements for various user groups, build alliances and help build and maintain vendor relationships and relevant processes from technology perspective.
  • Communication: Collaborates cross functionally with business partners and executives in engineering, design, field and enterprise departments to allow for the smooth and efficient flow of product activities.
  • Team Building: Aligns employees' passion to business value outcomes, grow talent and proactively solve for talent gaps. Identifies & recruits internal and/or external industry resources to address those needs. Drives high performing teams and can lead with expertise, energy and empathy.
  • Conflict Resolution: Turns challenging teams, interpersonal conflicts, and cross-departmental political initiatives into opportunities. Pinpoints root causes disagreement to resolve conflict.
  • Team outcomes: Accountable for helping teams track progress against key results and help balance priorities with strategic initiatives or the introduction of new products, strategies and capabilities.


What You'll Bring to the Role
  • Bachelor's degree in Computer Science or an equivalent technical, business or financial field.
  • Master's in Business Administration (MBA) or CFA, preferred.
  • 15+ years of working as a product manager on technology-powered product teams.
  • Working knowledge of modern techniques in product discovery and delivery.
  • Domain experience with Investment and Wealth management.
  • Excellent written and oral communication skills, including experience in high-level business discussions and deep technical discussions.
  • 5+ years of formal people management experience managing other product managers.
  • Ability to work in a matrix organization.


#LI-hybrid

Compensation Range:

Pay Range - Start:
$176,000.00

Pay Range - End:
$264,000.00

Geographic Specific Pay Structure:

Structure 110:
$193,600.00 USD - $290,400.00 USD

Structure 115:

$202,400.00 USD - $303,600.00 USD

We believe in fairness and transparency. It's why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you're living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.

Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!

About Northwestern Mutual

Northwestern Mutual has been helping people and businesses achieve financial security for more than 160 years. Through a holistic planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. Northwestern Mutual delivers financial security to millions with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. The company manages billion of dollars of investments owned by its clients and held or managed through its wealth management and investment services businesses. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (securities), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (fiduciary and fee-based financial planning services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance).

Northwestern Mutual Careers

Joining Northwestern Mutual presents a unique opportunity to be part of a team that is dedicated to empowering personal and professional growth, innovation, and leadership in the financial services industry. As a company renowned for its commitment to excellence and a culture that values diversity and inclusion, Northwestern Mutual offers unparalleled job opportunities for both seasoned professionals and those at the start of their careers.

Work You’ll Do

At Northwestern Mutual, we believe in building strong relationships not only with our clients but also among our team members. By joining our team, you will collaborate with some of the most talented professionals in the industry, all united in their commitment to leadership and innovation. Our employees are equipped with top-tier benefits and diversity training that ensure their career journey is both rewarding and inclusive.

Explore Professional Growth and Development

Northwestern Mutual is committed to fostering an environment where career growth is not just a possibility but a priority. With a variety of positions available, from financial representatives to internships for budding professionals, our company is a place where your skills and passion can thrive. We provide extensive training programs and leadership development opportunities that prepare you for success in your current role and beyond.

Innovative Work Environment

Our team at Northwestern Mutual is at the forefront of integrating cutting-edge technology and innovative financial strategies to provide exceptional service to our clients. This focus on innovation is not just about staying current; it's about leading the way in the financial sector. Employees at all levels are encouraged to contribute ideas and take initiative, driving the company forward as a leader in the financial industry.

Be Part of Our Diverse and Inclusive Team

Diversity and inclusion are more than just buzzwords at Northwestern Mutual; they are integral to our company culture and business strategy. We are committed to creating a workplace where all employees can flourish. Our diversity training programs are designed to enhance understanding and foster an inclusive environment for all team members.

Networking and Career Advancement

Networking within Northwestern Mutual opens doors to expansive career advancement opportunities. We encourage our employees to engage in internal networking events, which often lead to mentorship and further career development. Whether you are looking to enhance your resume, prepare for an interview, or step into a leadership role, Northwestern Mutual provides the resources and support to help you achieve your professional goals.

Join Our Team

Search open positions that match your skills and interests. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level. Explore the job opportunities and internships available at Northwestern Mutual and find out how you can contribute to our legacy of innovation and leadership.

Stay Connected

Keep up to date with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities that await at Northwestern Mutual.

SEARCH NORTHWESTERN MUTUAL JOBS

Join us and start your journey at Northwestern Mutual today, where your career is nurtured, your skills are honed, and your achievements are celebrated.
Learn more about Northwestern Mutual
Size
7,000 employees
Industry
Finance & Insurance
* Ladders Estimates

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