Head of Global Compensation Risk and Governance

2 weeks ago


Chicago, Illinois, United States Northern Trust Corporation Full time

Position: Head of Global Compensation Risk and Governance

The Head of Global Compensation Risk and Governance is tasked with the management of global reward risks, audit processes, and remediation obligations, along with overseeing pay equity and gender pay reporting across all operational regions. This position requires the establishment and upkeep of a comprehensive HR governance framework, including the Annual Individual Risk Review for designated employees. Effective collaboration with Control Functions, senior management across various business units, governance entities, HR departments, and Global and Executive Compensation teams is essential to ensure adherence to regulatory standards.

Core Responsibilities:

  • Direct the team responsible for risk remediation and governance initiatives
  • Stay informed about global remuneration regulations and their implications
  • Prepare and present updates to key stakeholders and governance committees
  • Coordinate with the Conduct Office and Control Functions to pinpoint regulated roles
  • Assess and provide guidance on governance issues related to global projects
  • Review the effectiveness and competitiveness of current compensation programs
  • Implement governance processes in partnership with relevant HR and Compensation teams
  • Contribute to the development of policy and procedural guidelines across various compensation domains
  • Maintain and enhance the corporate philosophy and strategy concerning pay equity
  • Conduct analyses on pay equity and gender pay disparities
  • Ensure compliance documentation aligns with global pay equity and gender pay regulations
  • Perform equal pay audits or compliance testing as required

Required Skills and Qualifications:

  • Over 10 years of experience in regulatory compensation or related financial services sectors
  • In-depth technical and business acumen in risk management, remediation, governance, rewards, and pay equity
  • Exceptional communication, influence, change management, and project management capabilities
  • Strong analytical skills with meticulous attention to detail
  • Proficient in Microsoft Excel, Word, and PowerPoint
  • Adept at recommending best practices and reconciling differing viewpoints
  • Experience in coaching, training, mentoring, and leading teams

Work Model: Hybrid

We provide a balanced hybrid working model that allows for flexibility between office and remote work environments.

About Us:

Join a flexible and collaborative work culture at Northern Trust Corporation, a globally recognized financial institution with a rich history. We encourage internal mobility and ensure accessibility to senior leadership. Be part of a company dedicated to making a positive impact in the communities we serve.

Commitment to Inclusion:

Our organization is committed to providing reasonable accommodations for individuals with disabilities. Please reach out to our HR Service Center for assistance during the employment process.

We look forward to the opportunity to collaborate. We foster an inclusive workplace and value flexibility to meet individual needs. Share your flexible working preferences with us, and together we can achieve greater success.



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