State Street
Compensation Consultant, Vice President
State Street, Boston, Massachusetts, us, 02298
Who we are looking for
With immediate effect, we are looking for an experienced Compensation Consultant to support our Global Total Rewards team. The role will be based in Boston, MA and report into the Head of Compensation.
Job Summary
You will join a dynamic and highly collaborative team of seasoned financial services compensation professionals within Global Total Rewards, supporting the business strategies of State Street Bank & Trust business units globally. You will work within and across functions to support the flawless implementation and execution of all broad based compensation programs for the assigned group(s) and contribute to company-wide initiatives.
Primary Responsibilities:
Lead Compensation related activities for a specific Business Unit or Function
Responsible for base salary and incentive compensation planning, pool sub-allocation modeling, business client management, analysis of pay outcomes and other analysis
Build and work with detailed models and analyses based on large data sets to review and assess competitive pay positioning and other special projects (e.g., reorganizations, job architecture and mergers & acquisitions due diligence).
Exercise critical thinking and strong technical/business skills to synthesize the results of complex analyses into salient points for key stakeholders. Make data-driven recommendations.
Serve as a subject matter expert regarding skills, responsibilities, scope of roles, and appropriate alignment under State Street’s Job Architecture, internal compensation ranges, and external benchmarks. Conduct ad-hoc benchmarking requests, job analyses, and role evaluations.
Collaborate with State Street’s in-house Talent Acquisition team to develop competitive offers for internal and external executive and non-executive talent.
Support the implementation and execution of auditable processes that ensure risk excellence and compliance with State Street Global Total Rewards’ controls framework. This framework is informed by applicable laws and regulatory guidance in the jurisdictions in which we operate (e.g., FLSA, OFCCP, US Federal Reserve guidance, European Central Bank and Country-specific regulations and guidance, etc.).
Qualifications
Bachelor's degree is required
Minimum of 5 years of professional experience in a compensation or benefits role or equivalent experience in human resources, or other related roles in financial services
Highly collaborative team player with a process improvement mind-set
Strong problem solving, attention to detail, critical thinking, financial analytics and modeling
Strong verbal communication, and corporate/business writing
Strong MS Excel, proficiency in MS PowerPoint and MS Word
Financial Services or Consulting industry experience highly preferred
WorldatWork Certified Compensation Professional or related coursework/certifications (CCP, ACCP, GRP, CERP) a plus
Experience with Workday, benchmarking platforms (e.g., MarketPay, PayFactors) and market data, and comfort adapting easily to new technology tools is a plus
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Salary Range:
$100,000 - $167,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
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With immediate effect, we are looking for an experienced Compensation Consultant to support our Global Total Rewards team. The role will be based in Boston, MA and report into the Head of Compensation.
Job Summary
You will join a dynamic and highly collaborative team of seasoned financial services compensation professionals within Global Total Rewards, supporting the business strategies of State Street Bank & Trust business units globally. You will work within and across functions to support the flawless implementation and execution of all broad based compensation programs for the assigned group(s) and contribute to company-wide initiatives.
Primary Responsibilities:
Lead Compensation related activities for a specific Business Unit or Function
Responsible for base salary and incentive compensation planning, pool sub-allocation modeling, business client management, analysis of pay outcomes and other analysis
Build and work with detailed models and analyses based on large data sets to review and assess competitive pay positioning and other special projects (e.g., reorganizations, job architecture and mergers & acquisitions due diligence).
Exercise critical thinking and strong technical/business skills to synthesize the results of complex analyses into salient points for key stakeholders. Make data-driven recommendations.
Serve as a subject matter expert regarding skills, responsibilities, scope of roles, and appropriate alignment under State Street’s Job Architecture, internal compensation ranges, and external benchmarks. Conduct ad-hoc benchmarking requests, job analyses, and role evaluations.
Collaborate with State Street’s in-house Talent Acquisition team to develop competitive offers for internal and external executive and non-executive talent.
Support the implementation and execution of auditable processes that ensure risk excellence and compliance with State Street Global Total Rewards’ controls framework. This framework is informed by applicable laws and regulatory guidance in the jurisdictions in which we operate (e.g., FLSA, OFCCP, US Federal Reserve guidance, European Central Bank and Country-specific regulations and guidance, etc.).
Qualifications
Bachelor's degree is required
Minimum of 5 years of professional experience in a compensation or benefits role or equivalent experience in human resources, or other related roles in financial services
Highly collaborative team player with a process improvement mind-set
Strong problem solving, attention to detail, critical thinking, financial analytics and modeling
Strong verbal communication, and corporate/business writing
Strong MS Excel, proficiency in MS PowerPoint and MS Word
Financial Services or Consulting industry experience highly preferred
WorldatWork Certified Compensation Professional or related coursework/certifications (CCP, ACCP, GRP, CERP) a plus
Experience with Workday, benchmarking platforms (e.g., MarketPay, PayFactors) and market data, and comfort adapting easily to new technology tools is a plus
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Salary Range:
$100,000 - $167,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
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