Director or Total Rewards

Metropolitan Commercial Bank•New York, NY

39d•$200,000 - $225,000•Hybrid

About The Position

The Director of Total Rewards is responsible for designing and delivering the banks total rewards strategy that attracts, motivates and retains talent. The Director of Total Rewards will develop and manage the full spectrum of compensation, benefits, executive awards, and wellbeing ensuring alignment with business strategy, market competitiveness, and our culture and values. This position reports to the Chief Human Resources Officer. We have a flexible work schedule where employees can work from home one day a week.

Requirements

Bachelor’s degree in Business, Finance, Human Resources or related discipline.
10+ years of relevant compensation and benefit experience within the banking or financial services industry.
Proven ability to influence at the highest levels of the organization and with the board of directors
Experience building an overall total rewards program in a regulatory environment
Experience in a publicly traded organization
Demonstrated experience leading compensation programs across multiple business lines
Strong knowledge of compensation practices, governance, wellbeing program design and delivery strategies
Expertise in managing payroll processes
Exceptional analytical skills with the ability to interpret complex data for strategic recommendations
Experience interacting with the CEO, executive level leadership and the Board of Directors
Excellent verbal and written communication skills.
Excellent interpersonal and negotiation skills.
Excellent organizational skills and attention to detail.
Excellent time management skills with a proven ability to meet deadlines.
Strong analytical and problem-solving skills.
Strong supervisory and leadership skills.
Ability to adapt to the needs of the organization and employees.
Ability to prioritize tasks and to delegate them when appropriate.
Thorough knowledge of employment-related laws and regulations in multiple states
Proficient with Microsoft Office Suite or related software.
Proficiency with or the ability to quickly learn the organization’s HRIS and talent management systems.

Responsibilities

Develops and leads the Total Rewards strategy in partnership with the Chief Human Resources Officer
Ensures programs are market competitive, cost-effective, equitable, and aligned with business priorities, talent strategy and culture
Serves as a trusted advisor to the CEO, Board of Directors and senior leadership on executive compensation, pay equity, and total reward trends
Develops compensation modeling and analyses for budgeting, forecasting and management reporting
Oversees all compensation programs, including job leveling, total compensation structure, short- and long-term incentives, equity programs, and executive compensation
Leads the annual compensation review cycle, ensuring fairness, compliance and alignment to performance outcomes
Partners with the Compensation Committee on executive pay strategy, disclosures and governance best practices
Directs the design and administration of health and wellness programs, retirement, insurance and leave policies
Serves as administrator of the 401k plan, which includes addressing the day-to-day activities of the plan, including but not limited to 401k committee participation and working with vendors and auditors for 5500 preparation
Leads the wellness strategy on physical, social, mental, and financial health
Manage all Leaves of Absence processes including FMLA, Parental Leave, Medical and other statutory/state leaves, serving as primary liaison with leave and disability vendors
Oversees payroll processing, ensuring accurate, compliant and timely payments, audits and reporting
Ensures compliance with ERISA, ACA, COBRA, FMLA, ADA, HIPPA, and other applicable regulations
Other duties as assigned.