Executive Compensation Specialist

4 days ago

Chicago, Illinois, United States Northern Trust Full time
About Northern Trust

Northern Trust is a leading global financial institution with a rich history dating back to 1889. As a Fortune 500 company, we have established ourselves as a trusted partner for individuals, families, and institutions seeking innovative financial services and guidance.

We take pride in our commitment to service, expertise, and integrity, which has enabled us to maintain our position as a global leader in the financial industry. With over 130 years of experience and a team of over 22,000 partners, we serve the world's most sophisticated clients using cutting-edge technology and exceptional service.

Role and Department

The Head of Executive Compensation is a critical role within our Global Total Rewards department. This position is responsible for designing, implementing, and administering compensation programs for executive officers of Northern Trust.

Key Responsibilities
  • Design, implement, and administer compensation programs for eligible employees, officers, and executives of the Corporation.
  • Analyze and prepare various reports on executive incentive plans, stock option plans, and long-term capital accumulations.
  • Conduct and participate in surveys of competitive executive compensation and variable pay practices.
  • Advise senior management on issues involving the interpretation and administration of executive compensation programs.
  • Monitor and review complex long-term incentive programs and executive salary administration to ensure consistency and compliance with Corporate policy, guidelines, and budgets.
  • Stay up-to-date on compensation policies and trends relating to the Corporation's compensation policy/programs, such as executive incentive plans, stock plans, etc.
  • Oversee the administration of executive compensation plans and executive compensation analysis.
  • Make staffing decisions, manage expenses, and salary review process for the division.
  • Participate in developing division strategic plans and set goals and priorities based on the direction set for the unit; follow through to ensure that objectives are met.
  • Provide leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication.
  • Develop and maintain expertise in executive compensation and related disciplines in financial services.
Requirements
  • 10 or more years of experience in executive compensation and/or related compensation disciplines in financial services.
  • Demonstrated proficiency in designing and administering executive compensation.
  • Excellent verbal, written, and presentation communication skills.
  • 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 and 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

Northern Trust offers a hybrid working model that balances flexibility and collaboration. The successful candidate will spend their time between working in the office and working from home.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture in an organization where financial strength and stability are assets that enable us to explore new ideas. We encourage movement within the organization, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve.

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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