Executive Director, Compensation

CME Group•Chicago, IL

3d•$195,400 - $325,600

About The Position

CME Group is seeking an experienced Executive Director, Compensation to lead our global compensation function, driving the strategy, design, governance and execution of our base pay, annual bonus, and equity programs for our global workforce. This role serves as the senior-most compensation partner to leadership and HR and oversees a competitive, performance-based rewards framework that attracts, retains and motivates top talent, while managing a team of compensation professionals.

Requirements

10+ years of progressive compensation experience in a global organization, including executive compensation experience at a U.S. public company.
5+ years of experience managing a compensation function / team.
Advanced proficiency in compensation analytics (Google Sheets / Microsoft Excel).
Experience with market pricing software (Payfactors), HRMS (Workday) and compensation planning software (Peoplefluent).
Strong communication and influencing skills required.
Proven track record of consulting with leadership to solve complex compensation challenges.
Bachelor’s degree.

Nice To Haves

Financial services, fin tech or technology industry experience is strongly preferred.
Prior experience with M&A due diligence and integration for the compensation function is a plus.
Experience interfacing with members of the Board of Directors preferred.

Responsibilities

Designs and implements competitive pay strategies aligned with organizational goals, drives a pay-for-performance culture and fosters an engaged and productive global workforce.
Directs the administration of the company’s compensation programs, policies and processes. Leads the execution of base pay, bonus and equity award planning across the organization. Oversees the promotion process and job evaluation framework. Develops and executes communication strategies that enhance employees’ understanding of and appreciation for compensation programs and pay decisions.
Provides thought leadership and counsels management on pay practices and decisions that incorporate company philosophies. Provides expert guidance on executive compensation matters. Serves as an advisor to leadership, managers, HR business partners and recruiters. Communicates with candidates as necessary.
Provides effective management, leadership and mentorship to compensation team members. Manages third party vendors/consultants/data providers.
Translates data and insights into clear, actionable recommendations. Researches issues, analyzes market trends, develops cost models, prepares materials and presents to leadership.
Manages the support for and liaises with the Compensation Committee of the Board in the fulfillment of their duties. Manages the production of the executive compensation disclosure in the proxy statement as well as other HR-related public disclosures. Ensures compliance with country- and entity-specific regulatory requirements and alignment with best practices. Partners with Legal, Compliance, Tax, Payroll, Accounting and other internal functions as necessary.