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Head of Executive Compensation
2 months ago
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.
Role/ Department: Head of Executive Compensation/Global Total Rewards
The Head of Executive Compensation is responsible for designing, implementing and administering compensation programs for executive officers of Northern Trust. The role will work and partner directly with the Control Functions, business/functional Senior Management, governance bodies, HR functions and the Head of Global Regulatory to ensure compliance with regulations, supported by the development of policies, procedures, and communication tools. Responsible for providing documents, or input into documents, for the corporate Human Capital and Compensation Committee in partnership. The role will manage a team responsible for design and administration of executive compensation.
The key responsibilities of the role include:
• Designs, implements, and administers compensation programs for eligible employees, officers, and executives of the Corporation
• Analyzes and prepares various reports on executive incentive plans, stock option plans, and long-term capital accumulations
• Conducts and participates in surveys of competitive executive compensation and variable pay practices
• Advises senior management on issues involving the interpretation and administration of executive compensation programs
• Monitors and reviews complex long term incentive programs and executive salary administration to ensure consistency and compliance with Corporate policy, guidelines, and budgets
• Keeps abreast of compensation policies and trends relating to the Corporate’s compensation policy/programs, such as executive incentive plans, stock plans, etc.
• Oversees the administration of executive compensation plans and executive compensation analysis
• Makes staffing decisions, manages expenses and salary review process for the division
• Participates in developing division strategic plan and sets goals and priorities based on the direction set for the unit; follows through to ensure that objectives are met
• Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication
• Seasoned multi-disciplinary expert with extensive technical and / or business knowledge and functional expertise
• Focus of role is on execution of strategic direction of business function activities. Carries out complex initiatives involving multiple disciplines and/or ambiguous issues
Skills/Qualifications:
• 10 or more years of experience in executive compensation and/or related compensation disciplines in financial services
• Demonstrated proficiency via extensive technical and business knowledge and functional expertise in designing and administering executive compensation
• Excellent verbal, written and presentation communication skills. Experience with conducting presentations to clients, peers and/or senior management related to reward materials
• Demonstrated ability to consult and interface with all levels of management and apply influencing skills
• Past experience demonstrating strong change management and project management skills
• Ability to solve highly complex problems through quantitative and qualitative analysis in a team-based environment
• Critical attention to detail - demonstrated ability to consistently deliver at a high level of accuracy
• Highly proficient in Excel, Word, and PowerPoint
• Interprets internal/external business challenges and recommends best practices to improve products, processes, or services
• Communicates difficult concepts and negotiates with others to adopt a different point of view
• Proven ability to coach, train, mentor and engage a small team of professionals
Working Model: Hybrid (#LI-Hybrid)
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.
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.
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies Build your career with us and apply 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 MyHRHelp@ntrs.com.
We hope you’re 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.
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