Compensation Advisor II (US) - Capital Markets

TD Bank•New York, NY

13d•Onsite

About The Position

The Compensation Advisory Group, within the Global Total Rewards Group, is TD's in-house Compensation consulting team that provides advice and tailored compensation solutions for each business group based on their respective strategy and business requirements. The Compensation Advisor II will manage the day-to-day relationship with our various partners and lead customized solutions aligned to the strategic requirements within the assigned portfolio. In this capacity, this role will interface with the business leaders, our various HR partners (Human Resources Business Partners, HR Advice channels, Talent Acquisition, HR Operations), as well as Finance and the Governance & Control teams to provide direction on both individualized complex total rewards requests, the management, design and oversight of incentive plans, and project-based reviews.

Requirements

Undergraduate Degree or equivalent experience
7+ years of related experience
Strong consulting, problem-solving and analytical skills
Experience in a numerical/analytical capacity with the ability to model, review and analyze data and present findings to senior business leaders
Strong written and verbal communication skills with ability to tell a compelling story with data to create persuasive recommendations
Ability to lead and conduct modeling/stress-testing/analysis for the purposes of compensation design
Impact and influencing skills with an ability to persuade members from other areas to obtain cooperation in achieving objectives
Working knowledge of local, state and national laws and regulations pertaining to compensation programs, in particular, the Fair Labor Standards Act
Intermediate to Advanced working knowledge of Excel, Word, and Power Point.
Working knowledge of Access preferred
Project management skills, with an ability to provide oversight and coordination of multiple projects/changing priorities concurrently under tight timelines and with multiple stakeholders
Highly organized, self-motivated, able to work independently and delegate tasks/work to others
Ability to manage changing priorities and work under tight deadlines

Nice To Haves

Compensation experience supporting Capital Markets preferred
Proven experience advising Business Partners and other stakeholders on compensation policy and practices
Strong influencing and stakeholder management skills
Strategic thinker with strong consulting and problem-solving capabilities
Advanced analytical skills with strong attention to detail
Excellent communication skills, with the ability to deliver clear, concise messaging
Highly organized, with the ability to manage multiple priorities in a fast-paced environment
Strong project management skills; comfortable navigating ambiguity in a matrixed organization

Responsibilities

Collaborates with internal and external partners to manage the effective development, implementation, and ongoing delivery of Total Rewards solutions, while ensuring alignment with the broader HR strategy
Maintains a thorough understanding of the portfolios' strategic direction, ensuring alignment of business specific compensation programs with established enterprise Total Rewards principles and objectives
Leads and manages end-to-end activities for the assigned portfolio, including day to day compensation advisory and counsel, complex compensation design, ongoing forecasting and monitoring of plan health, competitiveness, and alignment to the business strategy
Actively monitors trends in the competitive market with a solid understanding of the external comparative organizational structures, ensuring both compensation designs and pay level opportunities allow the attraction and retention of qualified talent
Leads strategic discussions on plan design and conducts complex modeling, stress-testing and analysis for the purposes of compensation design
Develops written materials on program design and impact that is reviewed by the various Conduct Risk Committees and the HR Committee of the Board, as applicable
Prepares and provides guidance and interpretation of analysis, forecasting and summaries on compensation matters, including advice and support on questions of policy and interpretation of plans
Independently manages year-end compensation for the assigned portfolios, including market data intelligence by monitoring participation in salary surveys to ensure competitive compensation as well as alignment with business strategy and compensation philosophy
Actively participates in compensation advisory projects engaging multiple stakeholders in flow of information/assignments across functions using well-established project planning and change management skills, including managing the communication requirements
May provide guidance to Compensation Advisor I positions
Acts as key contact and deep expert within area of expertise for the development, design and delivery of effective HR plans, policies, programs and advice in support of HR strategies
Shares specialized expert knowledge, provides consultation and solutions to business management and HR teams
Maintains awareness of changing legal/regulatory requirements and practices within the industry and consults with policy/process owners within HR to ensure compliance
Identifies opportunities to improve policies and supporting materials to increase their effectiveness for employees, people managers and HR partners while meeting compliance and business objectives
Engages, manages and influences internal/external cross-functional partners to develop/deliver integrated solutions
Facilitates learning and/or information sessions on HR programs and functions
Manages the integrated implementation of HR processes/procedures/changes across multiple functional areas
Accountable for the development and delivery of broad enterprise wide HR policies, and initiatives which may have significant regulatory components, creating business cases and innovative recommendations
Executes on diverse and complex policies, implements and develops activities and tools for businesses, and supports people strategy and management activities
Adheres to enterprise frameworks or methodologies that relate to activities for own business area
Consistently exercises discretion in managing correspondence
Leads relationships with corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements
Ensures respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
Ensures business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
Participates in cross-functional/enterprise/initiatives as a subject matter expert helping to identify risk/provide guidance for complex situations
Conducts internal and external research projects; supports the development/delivery of presentations/communications to management or broader audience
Leads in the selection and relationship management of partners to administer plans and programs in a manner that meet key objectives/service level targets
Monitors service, productivity and assesses efficiency levels within own function and implements continuous process/performance improvements where opportunities exist
Leads/facilitates and/or implements actions/remediation plans to address performance/risk/governance issues as appropriate
Actively manages relationships within and across various business lines, corporate and/or control functions and ensures alignment with enterprise and/or regulatory requirements
Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts
Protects the interests of the organization – identifies and manages risks, and escalates non-standard, high risk transactions/activities as necessary
Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite
Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/points of interest
Provides thought leadership and/or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit
Keeps current on emerging trends/developments and grows knowledge of the business, related tools and techniques
Participates in personal performance management and development activities, including cross training within own team
Keeps others informed and up-to-date about the status/progress of projects and/or all relevant or useful information related to day-to-day activities
Contributes to team development of skills and capabilities through development of others, by sharing knowledge and experiences and leveraging best practices
Leads, motivates and develops relationships with internal and external business partners/stakeholders to develop productive working relationships
Contributes to a fair, positive and equitable environment that supports a diverse workforce
Acts as a brand ambassador for the business area/function and the bank, both internally and/or externally