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Director, Compensation
2 months ago
Job Description:
As Compensation Director for Fidelity Brokerage, you will support compensation initiatives and programs, develop and communicate offers and work in partnership with the HR team to design, deliver and advise on solutions that meet the short and long-term needs of a diverse suite of Fidelity s business and support groups.\u00A0
If you are analytical, consultative and enjoy thinking and working across Fidelity, the Compensation role is an excellent opportunity to consider.
This role is based in Boston; however, locations could also include Smithfield, or Merrimack
The Role
The Compensation Director acts as a subject matter expert, working closely with HR partners and business leaders to provide the consulting and insight required to deliver pay programs and solutions in support of overall business objectives.\u00A0 You will contribute to and benefit from Fidelity s broader compensation community where we shape the future of compensation and continuously develop, improve and share our strategies and resources that benefit our businesses, leaders and associates in achieving their goals. The Expertise and Skills You Bring
- Bachelor s or equivalent; 12+ years of experience in HR, compensation, finance and/or other analytical roles
- Excellent analytical skills including Excel, Tableau, PowerPoint and database tools
- Strong communication skills and ability to tell a story with data
- Expertise with surveys, market data and compensation tools including MarketPay
- Problem solving and ability to function with ambiguity
- Interest in designing and managing a variety of compensation programs and processes including base salary, variable pay programs, compensation strategy and competitive pay analysis
- You are an expert with the full spectrum of analytical tools and can apply them for compensation-related market research, modeling and analysis
- You have deep analytical skills with an ability to break down complex questions / data into well-structured analyses, and synthesize key points
- You effectively manage concurrent programs, processes and initiatives collaborating with and influencing a wide range of stakeholders, and have a proven ability to think end-to-end about the work to be implemented
- You have expertise with Microsoft Excel analysis and experience with various HR database applications
- You have the expertise, confidence and skill to develop and deliver formal and informal reports, presentations and communications to executive audiences
- You are passionate about building consultative partnerships with HR, Finance and senior business leaders
- You enjoy working on initiatives and programs that often extend beyond the local team and business unit
The Value You Deliver
Client Support/Relationship Management:\u00A0 Provide consultation, coaching and sophisticated advice to Line HR and senior business leaders on complex compensation issues.\u00A0 Conduct analysis to address compensation issues, projects or initiatives.\u00A0 Complete pay recommendations for executive offers.\u00A0 Participate in the design & delivery of manager and HR training to increase the understanding of our compensation philosophy, strategies, programs and decisions.
Program Design:\u00A0 Partner with Finance/Variable Compensation teams to design and develop sales incentive plans and support formal plan governance and oversight activities.\u00A0\u00A0 Represent the voice of the customer in the design of enterprise-wide pay programs and lead the design for client pay programs.\u00A0
Cycle Management:\u00A0 Serve as the primary contact for Line HR for cycle administration activities. \u00A0Inform, manage and measure operational cycle components.\u00A0 Provide issue resolution, support reporting and analysis.\u00A0 \u00A0
Collaborate with Enterprise Compensation to establish shared reporting requirements.\u00A0 Work in close partnership with Line HR and Finance/Variable Comp teams to support variable semi-annual bonus cycles.
Market Data Management:\u00A0 Act as SME on surveys, data and tools.\u00A0 Lead competitive assessments using market analysis, including defining the peer groups and formulating recommendations and presenting to management. \u00A0Coordinate job matching process, review data when surveys are complete and analyze market survey data trends. \u00A0 The Team
The Fidelity Brokerage Human Resources team consists of associates who work in line HR, talent, training, operations, compensation, and workforce analytics. We act as a key business partner to our colleagues to develop and implement HR and learning programs and strategies.
Certifications:
Company Overview
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients money.
Join Us
At Fidelity, you ll find endless opportunities to build a meaningful career that positively impacts peoples lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don t need a finance background to succeed at Fidelity\u2014we offer a range of opportunities for learning so you can build the career you ve always imagined.
Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
We invite you to Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.
