VP of Compensation
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Job Description
VP of Compensation leading and designing compensation programs across a complex multi-entity organization. Collaborating with HR and business leaders to optimize pay practices and structures.
Responsibilities:
- Own and execute end-to-end compensation planning cycle, including Workday configuration, data validation, governance, and stakeholder alignment.
- Serve as the functional lead for Workday Compensation, including design, configuration, and optimization of compensation modules and planning cycles.
- Partner with HR Operations to design and implement job architecture and leveling frameworks, ensuring alignment with compensation strategy, salary structures, and internal equity.
- Drive broad-based compensation strategy, including base salary, annual incentives, and workforce segmentation.
- Develop reporting and dashboards to enhance data transparency, support decision making, and improve the efficiency of compensation processes.
- Partner with HR and business leaders to build, standardize, and scale compensation practices across a multi-entity environment.
- Lead market benchmarking and pay equity analyses, translating insights into actionable recommendations.
- Establish and maintain governance frameworks to ensure consistency, compliance, and disciplined execution of compensation programs across entities.
- Build processes that enable efficient administration and data integrity across compensation programs.
- Support executive compensation programs as needed, in partnership with senior leadership.
- Stay informed on market trends, regulatory developments, and best practices in broad-based compensation, incentive pay, and executive compensation within the industry.
- Partner with Finance, Legal, and HR leaders to ensure alignment between compensation strategy, budgets, and overall business strategy.
- Provide coaching and training to HR and business leaders on compensation practices and policies.
- Build strong relationships with leaders in both wealth management and business management lines to address their unique needs.
Requirements:
- 10+ years of progressive compensation experience, with a strong focus on broad-based compensation and program execution.
- Demonstrated experience leading compensation planning cycles in a complex, multi-entity environment.
- Deep understanding of job architecture, leveling, and salary structure design.
- Hands-on experience with Workday Compensation (required), including configuration and execution of compensation planning cycles.
- Strong analytical skills and problem-solving skills with the ability to translate data into actionable insights.
- Experience building or transforming compensation programs, processes, or infrastructure in a complex environment.
- Proven ability to operate in a fast-paced, high-growth, and decentralized organization.
- Demonstrated ability to influence and build consensus with senior leaders.
- Bachelor’s degree in Human Resources, Finance, Business, or related field required; Master’s degree or CCP (Certified Compensation Professional) preferred.
Benefits:
- Annual cash bonus
- Comprehensive benefits package including medical, dental, vision, and life insurance
- 401(k) plan
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