Associate Compensation Consultant

Truist Bank • Charlotte, NC

12d • Onsite

About The Position

Design, deliver, communicate, monitor, and/or administer broad-based compensation programs and practices, including job attributes, pay structure, incentive plans, annual rewards and other compensation related programs supporting Consumer and Small Business Banking. Develop and implement strategies for delivery of compensation to ensure competitiveness, appropriate linkages between pay and performance, and compliance with legal and regulatory requirements. Consult and partner with Human Resources Business Partners (HRBPs) and the business regarding ongoing compensation management, job evaluation, program/plan design, and other compensation related topics. Lead and participate in initiatives of larger size and/or complexity. Develop, deliver, and execute initiatives in partnership with stakeholders. Role has in-office expectations.

Requirements

• Bachelor's degree or equivalent or an equivalent combination of education and experience.
• 3 years of demonstrated specialized and/or broad knowledge with Compensation or related discipline (Human Resources, Finance, etc.).
• Ability to lead projects of moderate complexity and risk exposure and to exercise judgment in solving technical, operational, and organizational challenges in the context of business objectives and priorities.
• Demonstrated ability to partner with business to understand business needs and develop suitable compensation / incentive programs
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products

Nice To Haves

• Previous project management experience.
• Experience working in a in a complex organization.
• Experience working in the financial services industry
• Professional certification in HR related discipline (PHR, SPHR, CCP, etc.)
• Experience working with HRIS systems and Market Data tools

Responsibilities

• Build strong partnerships with the leaders within a moderately complex sub-business in Consumer and Small Business Banking (CSBB), as well as, HRBPs, to provide compensation related consulting services to assigned areas. Develop a thorough understanding of all compensation programs within assigned LOBs, including strategy, drivers, metrics, goals, and analysis of results.
• Provide advice and creative solutions for moderately complex compensation issues which strategically support assigned areas.
• Perform analysis of all compensation-related issues within CSBB, such as market pricing/grading of exempt and nonexempt positions, organization design, design and administration of short-term incentives, to ensure consistent and equitable establishment across the enterprise.
• Evaluate alternative methods of compensation and the design of compensation packages for various functional areas and levels of management. Partner with CSBB leaders to develop and structure market competitive, equitable and compliant compensation programs.
• Lead or participate in moderately complex projects with oversight of resources, accountability for risk mitigation and responsibility through implementation and communication.
• May mentor less experienced teammates to build their own technical and consulting expertise.
• Contribute to the development, communication and interpretation of compensation policies, procedures and regulations (e.g. Fair Labor Standards Act, Consumer Financial Protection Bureau, Interagency Guidance on Sound Incentive Compensation Policies) to establish and maintain uniform understanding and application within each LOB.

Benefits

• All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees