Skip to content
Head of Global Compensation & Senior Vice President
| Company | State Street |
|---|
| Location | Boston, MA, USA |
|---|
| Salary | $225000 – $337500 |
|---|
| Type | Full-Time |
|---|
| Degrees | Bachelor’s, MBA |
|---|
| Experience Level | Expert or higher |
|---|
Requirements
- 10+ years of experience in compensation and benefits management, with at least 5 years in a leadership role, preferably within the banking or financial services industry.
- Strong knowledge of compensation and benefits best practices, including regulatory compliance, pay-for-performance, and executive compensation.
- 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 compensation programs for all employee levels, including base pay, and incentive programs.
- Drive a strong linkage between pay-for-performance and the company’s strategic goals through carefully structured 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 compensation and benefits programs and recommend changes as needed.
- Oversee the bank’s employee benefits programs, including health, wellness, retirement, and other perks, ensuring they are comprehensive, competitive, and cost-effective.
- Work with insurance brokers, benefits providers, and legal advisors to structure and manage employee benefits offerings.
- Ensure the bank’s benefits programs comply with regulatory requirements (e.g., ERISA, HIPAA, etc.) and align with industry best practices.
- Responsible for supporting the US Benefits Committee.
- Stay current on compensation and benefits regulations, ensuring the company’s programs are in compliance with federal, state, and local laws.
- Focus on strategies to mitigate the risk of non-compliant vendors.
- Ensure the accurate and timely filing of regulatory reports and documents, such as Form 5500, and other required filings.
Preferred Qualifications
- MBA or advanced degree preferred.
