Head of Global Compensation Programs and Operations
Head of Global Compensation Programs and Operations
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$ 137400 - 240400
1 Vacancy
Job Description
About Northern Trust:
Northern Trust a Fortune 500 company is a globally recognized awardwinning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.
Summary: Head of Global Compensation Programs & Operations is responsible for design implementation and managing compensation strategies and programs to attract retain and motivate partners ensuring compliance with regulations and aligning with company goals.
Key Responsibilities:
- Provide support to the Head of Global Total Rewards in setting strategic and operational leadership in the implementation administration and communication of compensation programs including HR governance base pay variable pay merit compensation planning and market analysis with a focus on continuous improvement.
- Develop implement and carry out the ongoing evaluation and governance of global compensation and recognition programs processes and systems and people data to manage costs increase efficiency and improve functionality.
- Manage the annual compensation cycles including stakeholder communications enablement project planning timelines system set up data management and dissemination audits and approvals.
- Advise leaders and managers on compensation & reward policies and practices providing deep subject matter expertise and provide training and guidance on development of best practice compensation programs policies and procedures to stakeholders.
- Lead the development of educational materials tools and necessary training modules to increase HRBPs and management understanding of existing or new compensation programs and practices.
- Ownership of compensation survey submissions and salary range reviews: job matching data submission and independent analysis of benchmarking data to support compensation strategy.
- Continuously review current compensation processes programs and tools (e.g. annual compensation review market pricing etc. to identify opportunities for process improvements automation and solutions for implementation to enable greater efficiency scalability as well as enhance employees total rewards experience.
- Support audit processes and legal reporting to make certain compensation programs are administered in compliance with company policies and government regulations.
- Partner with business and HR leaders in the administration and continuous enhancement of the companys job architecture. Annually assess our job architecture and salary ranges and provide recommendations as needed.
- Collaborate with HR Technology team on technology strategy improvements and enhancements to data integrity and Total Reward systems and tools.
- Make staffing decisions manage expenses and salary review process
- Support other crossfunctional global initiatives and projects as needed.
Knowledge Experience and Skills:
- Bachelors degree in human resources or related field of study or equivalent experience.
- A minimum of 10 years of progressive compensation experience partnering with senior leadership/executives and a track record for driving the talent agenda.
- Demonstrated experience in job evaluation job architecture market pricing benchmarking salary structure design and development pay for performance short and longterm incentive compensation and equity plan development and administration.
- Excellent critical thinking and problemsolving skills with the ability to develop creative solutions to complex global compensation issues.
- Strong communication and interpersonal skills with the ability to effectively present complex global compensation information and influence stakeholders at all levels of the organization.
- Knowledge of global compensation laws regulations and market trends.
- Ability to work independently and in a team environment.
- Detailoriented and organized with strong project management skills and the ability to manage multiple global priorities and deadlines.
- Advanced proficiency in Microsoft Excel and other Office products and HR applications including Workday.
Salary Range:
$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 wellbeing 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.
Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply 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 .
We hope youre 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.
Required Experience:
Exec
Employment Type
Full-Time
