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Head of Global Compensation Programs and Operations

Head of Global Compensation Programs and Operations

Northern TrustChicago, IL, US
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Head of Global Compensation Programs and Operations

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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 Global Compensation Programs & Operations / Global Compensation. The Head of Global Compensation Programs & Operations is responsible for design, implementation, and management of compensation strategies and programs to attract, retain, and motivate partners, ensuring compliance with regulations and aligning with company goals.

Responsibilities

  • Provide support to the Head of Global Total Rewards in setting strategic and operational leadership in the implementation, administration, and communication of compensation programs including HR governance, base pay, variable pay, merit, compensation planning, and market analysis with a focus on continuous improvement.
  • Develop, implement and govern global compensation and recognition programs, processes and systems and people data to manage costs, increase efficiency and improve functionality.
  • Manage the annual compensation cycles including stakeholder communications, enablement, project planning, timelines, system setup, data management and dissemination, audits and approvals.
  • Advise leaders and managers on compensation & reward policies and practices, providing deep subject matter expertise, and training on development of best practice compensation programs, policies, and procedures to stakeholders.
  • Lead the development of educational materials, tools, and training modules to increase HRBPs and management understanding of existing or new compensation programs and practices.
  • Own compensation survey submissions and salary range reviews : job matching, data submission and independent analysis of benchmarking data to support compensation strategy.
  • Continuously review current compensation processes, programs and tools to identify opportunities for process improvements, automation and solutions for implementation to enable greater efficiency, scalability and enhanced total rewards experience.
  • Support audit processes and legal reporting to ensure compensation programs are administered in compliance with policies and regulations.
  • Partner with business and HR leaders in the administration and enhancement of the company’s job architecture. Annually assess job architecture and salary ranges and provide recommendations.
  • Collaborate with HR Technology on technology strategy, improvements, and enhancements to data integrity and Total Reward systems and tools.
  • Make staffing decisions, manage expenses and salary review process; support cross-functional, global initiatives and projects as needed.

Skills / Qualifications

  • Bachelor’s degree in human resources or related field or equivalent experience.
  • Minimum 10+ years of progressive compensation experience partnering with senior leadership / executives with a track record for driving the talent agenda.
  • Experience in job evaluation, job architecture, market pricing, benchmarking, salary structure design and development, pay for performance, incentive compensation, and equity plan development and administration.
  • Excellent critical thinking and problem-solving skills with the ability to develop creative solutions to complex global compensation issues.
  • Strong communication and interpersonal skills, with the ability to present complex global compensation information and influence stakeholders at all levels.
  • Knowledge of global compensation laws, regulations, and market trends.
  • Ability to work independently and in a team environment; detail-oriented with strong project management skills to manage multiple priorities and deadlines.
  • Advanced proficiency in Microsoft Excel and other Office products and HR applications including Workday.
  • Working Model

    Hybrid – a balanced model with time spent between the office and remote work.

    Salary Range

    $137,400 - $240,400 USD

    Working With Us

    As a Northern Trust partner, you will be part of a flexible and collaborative work culture with financial strength and stability that supports new ideas. Movement within the organization is encouraged, and senior leaders are accessible. We are committed to an inclusive workplace and accommodating flexible working requirements.

    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.

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    Head Of Compensation • Chicago, IL, US