at Northern Trust Company in Chicago, Illinois, United States
Job Description
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 Executive Compensation/Global Total Rewards
The Head of Executive Compensation is responsible for designing, implementing and administering compensation programs for executive officers of Northern Trust. The role will work and partner directly with the Control Functions, business/functional Senior Management, governance bodies, HR functions and the Head of Global Regulatory to ensure compliance with regulations, supported by the development of policies, procedures, and communication tools. Responsible for providing documents, or input into documents, for the corporate Human Capital and Compensation Committee in partnership. The role will manage a team responsible for design and administration of executive compensation.
The key responsibilities of the role include:
Designs, implements, and administers compensation programs for eligible employees, officers, and executives of the Corporation
Analyzes and prepares various reports on executive incentive plans, stock option plans, and long-term capital accumulations
Conducts and participates in surveys of competitive executive compensation and variable pay practices
Advises senior management on issues involving the interpretation and administration of executive compensation programs
Monitors and reviews complex long term incentive programs and executive salary administration to ensure consistency and compliance with Corporate policy, guidelines, and budgets
Keeps abreast of compensation policies and trends relating to the Corporate's compensation policy/programs, such as executive incentive plans, stock plans, etc.
Oversees the administration of executive compensation plans and executive compensation analysis
Makes staffing decisions, manages expenses and salary review process for the division
Participates in developing division strategic plan and sets goals and priorities based on the direction set for the unit; follows through to ensure that objectives are met
Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication
Seasoned multi-disciplinary expert with extensive technical and / or business knowledge and functional expertise
Focus of role is on execution of strategic direction of business function activities. Carries out complex initiatives involving multiple disciplines and/or ambiguous issues
Skills/Qualifications:
10 or more years of experience in executive compensation and/or related compensation disciplines in financial services
Demonstrated proficiency via extensive technical and business knowledge and functional expertise in designing and administering executive compensation
Excellent verbal, written and presentation communication skills. Experience with conducting presentations to clients, peers and/or senior management related to reward materials
Demonstrated ability to consult and interface with all levels of management and apply influencing skills
Past experience...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
