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Executive Compensation – Managing Director

Executive Compensation – Managing Director

CompanyState Street
LocationBoston, MA, USA
Salary$170000 – $267500
TypeFull-Time
DegreesBachelor’s, MBA
Experience LevelExpert or higher

Requirements

  • 10+ years of experience in executive compensation, preferably within the banking or financial services industry.
  • Strong knowledge of executive compensation best practices, including regulatory compliance, pay-for-performance, and design.
  • Experience managing reward programs for a large, complex organization.
  • Proven ability to build relationships and work cross-functionally with senior leadership, Human Resources, Legal, Finance, and external consultants.
  • Bachelor’s degree in Human Resources, Business Administration, Finance, or related field; MBA or advanced degree preferred.

Responsibilities

  • Lead the development and implementation of executive compensation programs for the Executive Committee.
  • Drive a strong linkage between pay-for-performance and the company’s strategic goals through carefully constructed compensation plans.
  • Ensure that compensation structures are aligned with business objectives, competitive in the marketplace, and compliant with all regulatory requirements.
  • Regularly benchmark compensation data to ensure pay structures remain competitive.
  • Provide strategic advice to senior leadership on the effectiveness of current programs and recommend changes as needed.
  • Work with the Global Head of Total Rewards, the CHRO and the Chair of the Human Resources Committee to propose and review executive compensation proposals while considering potential perspectives from proxy advisors and shareholders.
  • Help facilitate and participate in shareholder outreach.
  • Play critical role in drafting the CD&A section of the proxy statement and ensure all required disclosures occur (Say-on-Pay, CEO pay ratio, pay for performance), including documentation for SEC filings and proxy statements.
  • Ensure transparent communication of compensation plans to executives and stakeholders.
  • Facilitate Director pay.

Preferred Qualifications

  • MBA or advanced degree preferred.