Transformational Initiatives Project Portfolio Analyst - Global Client Onboarding

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.

Job Overview

We are looking for an experienced, strategic Transformation Initiatives Portfolio Analyst to help oversee, and optimize the Global Client Onboarding Transformation Initiative Portfolio.

Ensuring alignment with organizational priorities, driving business value, and enabling data-driven decision-making. In this role, you will be responsible for evaluating, managing, and monitoring the strategic planning, sequencing, and execution of initiatives across the project portfolio to align to organizational objectives complying/utilizing enterprise standards, processes, and tools.

Collaborating with stakeholders to identify capability / product gaps and translate them into opportunities; conduct rigorous business case assessments for funding requests and provide actionable insights for value realization. Identifying barriers to change within the respective portfolio and making recommendations to improve the probability of success and identify tradeoffs and decisions to help portfolio optimization.

The ideal candidate will have strong analytical expertise, effective stakeholder management skills, and the ability to deliver concise, high-impact recommendations to leadership driving measurable value out of the portfolio.

Key Job Responsibilities

• Develop and drive portfolio management best practices and standards that will improve productivity, investment decision making and realize targeted business outcomes.
• Develop and monitor a consistent project management methodology, including creating and promoting the use of templates, tools, processes, and project health metrics to measure and ensure project success aligned with Enterprise standards.
• Develop a project prioritization, intake, and portfolio review approach by collaborating closely with business and technology partners to ensure transparency, consistent direction, and development priorities.
• Develop project charters and assist with business case development for viable opportunities.
• Review, track and monitor business case input and results.
• Create and reports on benefits realization based on the justification in the business case for each project and/or program
• Contribute to training for portfolio management functions.
• Collaborate with the business to deliver functional and enterprise level capabilities and ensure they align to the projects supporting their portfolios.
• Collaborate with (ECMO) Enterprise Change Management Office, Governance & Oversight, Program Management, (OCM) Organizational Change Management and (DMO) Digital Modernization Office to ensure use of standard methodologies, processes, tools, and reporting metrics (KPIs) across the portfolio.
• Develops a set of executive and portfolio related dashboards to communicate up and down the organization the status of the program portfolio.
• Manage the intake and demand management function and maintains the capital and expense budgets across the program portfolio.
• Responsible for the adoption of portfolio management methodology across the portfolio.
• Contribute to the development of overall Global Client Onboarding Business and IT strategy as it relates to the project portfolio and performance of the portfolio.
• The person in this role will interact weekly/regularly with Transformation Management Office leads to understand program health, resolve issues, and mitigate risks.
• Ensure transparency into financial health of the portfolio.
• Monitor gating process for portfolio projects and programs.
• Support the collection and analysis of data into Project Health reports to highlight key trends, areas that need additional support and action, and support ownership of resolutions.
• Develop reports, presentations, and data analyses for leadership to communicate strategic priorities in board meeting, executive reports outs, etc.
• Ensure greater visibility, alignment, and eff