Compensation Consultant
Compensation Consultant
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1 Vacancy
Job Description
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Partner with business leaders in Wholesale Banking to design deliver communicate monitor and/or administer broad-based compensation programs and practices including job attributes pay structure incentive plans annual rewards and other compensation related programs. Develop and implement strategies for delivery of compensation to ensure competitiveness appropriate linkages between pay and performance and compliance with legal and regulatory requirements. Consult and partner with Human Resources Business Partners (HRBPs) and the business regarding ongoing compensation management job evaluation program/plan design and other compensation related topics. Ensure the effectiveness of compensation policies procedures and controls.ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Build strong partnerships with the leaders within one or more of the most complex Lines of Business (LOB) and/or corporate functions as well HRBPs to provide compensation related consulting services to assigned areas. Possess a thorough understanding of all compensation programs within assigned LOBs including strategy drivers metrics goals and analysis of results.
2. Provide advice and creative solutions for the most complex compensation issues which strategically support assigned areas.
3. Perform analysis of all compensation-related issues within an LOB and/or corporate functional area such as market pricing/grading of exempt and nonexempt positions organization design design and administration of short-term incentives to ensure consistent and equitable establishment across the enterprise.
4. Evaluate alternative methods of compensation and the design of compensation packages for various functional areas and levels of management. Partner with LOB/corporate function leaders to develop and structure market competitive equitable and compliant compensation programs.
5. Lead complex projects with oversight of resources accountability for risk mitigation and responsibility through implementation and communication.
6. Mentor less experienced teammates to build their own technical and consulting expertise.
7. Develop communicate and interpret compensation policies procedures and regulations (e.g. Fair Labor Standards Act Consumer Financial Protection Bureau Interagency Guidance on Sound Incentive Compensation Policies) to establish and maintain uniform understanding and application within each Line of Business.
QUALIFICATIONS
Required Qualifications:
1. Bachelors degree or equivalent or an equivalent combination of education and experience.
2. 6 years of demonstrated specialized and/or broad knowledge with Compensation or related discipline (Human Resources Finance etc.).
3. Ability to lead projects of significant complexity and risk exposure and to exercise judgment in solving technical operational and organizational challenges in the context of business objectives and priorities.
4. Demonstrated ability to partner with business to understand business needs and develop suitable compensation / incentive programs
5. Demonstrated proficiency in basic computer applications such as Microsoft Office software products
Preferred Qualifications:
1. 8 years of experience as a compensation professional in a complex organization
2. Experience working in the financial services industry and specific experience supporting Wholesale Banking (including Corporate Banking Commercial Banking Commercial Real Estate Credit Delivery Wealth Management or Enterprise Payments)
3. Professional certification in HR related discipline (PHR SPHR CCP etc.)
4. Experience working with HRIS systems and Market Data tools
OTHER JOB REQUIREMENTS / WORKING CONDITIONS
Sitting
Constantly (More than 50% of the time)
Standing
Occasionally (Less than 25% of the time)
Walking
Occasionally (Less than 25% of the time)
Bending
Occasionally (Less than 25% of the time)
Lifting
Up to 10 lbs.
Visual / Audio / Speaking
Able to access and interpret client information received from the computer and able to hear and speak with individuals in person and on the phone.
Manual Dexterity / Keyboarding
Able to work standard office equipment including PC keyboard and mouse copy/fax machines and printers.
Availability
Able to work all hours scheduled including overtime as directed by manager/supervisor and required by business need.
Travel
Minimal and up to 25%
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits though eligibility for specific benefits may be determined by the division of Truist offering the offers medical dental vision life insurance disability accidental death and dismemberment tax-preferred savings accounts and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment along with 10 sick days (also prorated) and paid holidays. For more details on Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and/or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any non-temporary position for which you apply based on full-time or part-time status position and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race gender color religion citizenship or national origin age sexual orientation gender identity disability veteran status or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the LawPay Transparency Nondiscrimination Provision E-Verify
Required Experience:
Contract
Employment Type
Full-Time
