Senior Principal, IAM Strategy & Product Management

About Northern TrustAs 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. Position SummaryThe Senior Principal, Identity & Access Management (IAM) Strategy & Product Management, is responsible for defining, driving, and executing the strategic vision, product roadmap, and governance framework for the organization's IAM capabilities. This role serves as a senior subject matter expert and strategic advisor, partnering with cyber security leadership, technology teams, business stakeholders, risk, compliance, and audit functions to advance the maturity, effectiveness, and adoption of IAM services across the enterprise.The successful candidate will lead strategic planning, product management, capability development, and transformation initiatives across key IAM domains, including Identity Governance & Administration (IGA), Privileged Access Management (PAM), Access Controls, Authentication, Authorization, Directory Services, and Emerging Identity Technologies. This role will drive innovation, establish performance measures, and ensure IAM capabilities align with business objectives, regulatory requirements, and industry best practices.Key ResponsibilitiesIAM Strategy & VisionDefine and maintain the multi-year IAM strategy, roadmap, and capability maturity plan.Partner with senior business and technology leaders to align IAM priorities with enterprise objectives and cyber security priorities.Identify emerging identity and security trends, technologies, and industry best practices to inform strategic direction.Provide thought leadership on IAM transformation initiatives and future-state operating models.Drive strategic planning activities, capability assessments, and roadmap prioritization.Product Management & Capability OwnershipOwn product strategy and lifecycle management for assigned IAM capabilities and services.Define product vision, objectives, key results (OKRs), performance measures, and success criteria.Lead product roadmap development and prioritization activities across multiple workstreams.Evaluate new technologies, vendor solutions, and market opportunities to enhance IAM capabilities.Develop business cases, strategic recommendations, and executive presentations to support IAM priorities and roadmap decisions.Enterprise Stakeholder LeadershipServe as a trusted advisor to senior leadership, engineering teams, and business stakeholders.Facilitate alignment across cyber security, technology, risk, compliance, and business functions.Lead governance forums, steering committee discussions, and strategic planning sessions.Influence enterprise priorities and drive adoption of IAM services and controls.Communicate complex technical and strategic concepts to executive audiences.Program & Transformation LeadershipLead large-scale IAM transformation initiatives from strategy through delivery.Identify and manage dependencies, risks, and opportunities across IAM programs.Establish operating models, governance structures, and performance management frameworks.Drive continuous improvement initiatives that enhance efficiency, scalability, and security outcomes.Support organizational change management and adoption efforts.Governance, Risk & ComplianceEnsure IAM capabilities align with regulatory requirements, security policies, and control frameworks.Partner with audit, compliance, and risk management teams to strengthen governance processes.Assess IAM risk exposure and define strategies to improve control effectiveness and maturity.Sponsor remediation efforts for significant audit findings and control gaps.Champion security-by-design principles across IAM products and services.Data Analytics & Performance ManagementEstablish metrics, KPIs, KCIs, and executive reporting frameworks for IAM services.Drive data-informed decision making through analytics and performance monitoring.Present strategic insights and recommendations to executive leadership.Measure product success and continuously optimize service delivery.Required QualificationsBachelor's degree in Cyber Security, Information Technology, Computer Science, Engineering, Business, or a related field.10-15+ years of experience in Cyber Security, Identity & Access Management, Product Management, Technology Strategy, or related disciplines.Extensive experience leading enterprise-scale IAM initiatives and transformation programs.Deep understanding of IAM architecture, operating models, governance, and industry best practices.Experience developing technology strategy, business cases, and executive-level presentations.Strong leadership, influence, negotiation, and stakeholder management skills.Proven ability to develop and execute strategic roadmaps and long-term plans.Experience working with executive leadership and cross-functional teams.Exceptional analytical, communication, and problem-solving abilities.Salary Range:$164,600 - 288,000 USDSalary 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 AuthorizationApplicants 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 UsAs 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 View email address on click.appcast.io, or alternatively you can discuss your individual requirements with the recruiter you are working with. SummaryLocation: Chicago, IL; Tempe, AZType: Full time