Head of Global Compensation

T. Rowe Price • Owings Mills, MD

2d • Hybrid

About The Position

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident. We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity. Join us for the opportunity to grow and make a difference in ways that matter to you. Role Summary The Director – Head of Global Compensation leads the team of compensation consultants focused on broad-based advice and support to our global managers, as well the compensation operations and reporting team. In partnership with HR Business Partners (HRBPs), this role leads the design, maintenance and implementation of effective compensation programs and processes. Through the compensation operations and reporting team, this role is accountable to successfully deliver on our annual compensation processes and integration with HR Systems and other vendors. The Director – Head of Global Compensation reports to the Head of Total Rewards and is a member of the Global Total Rewards lead team.

Requirements

• Bachelor's degree, preferably in Business, Finance, Human Resources, or related field AND 12+ years of relevant work experience and 5+ years of management experience, preferably in the asset management or financial services.
• Demonstrated experience in managing work through others, and coaching to drive higher levels of individual performance
• Strong communication skills; able to adjust communication strategy to audiences at multiple levels
• Ability to consult with HR colleagues, senior executives, and Business Unit Leaders/ Managers
• Demonstrated analytical skills and attention to detail
• Advanced Excel skills
• Experience managing external vendors and consultant relationships
• Demonstrated experience managing complex, cross-departmental projects and process improvement initiatives
• Commitment to excellence in service and client relationship management

Nice To Haves

• Master’s degree in human resources development, management or related field
• CCP (Certified Compensation Professional) certification
• Experience advising on global compensation programs in asset management to support business strategy and competitiveness.
• Experience with Workday and/or other compensation systems.

Responsibilities

• Leads and develops a multi-level team of compensation consultants to partner with HRBPs and business unit leadership to ensure the organization maintains a competitive compensation position within the market.
• Liaises with HRBPs and other HR COEs to influence key stakeholders and bring consensus on appropriate compensation strategies and best practices that meet the needs of the broad-based associate population.
• In partnership with peers on the Total Rewards lead team, assesses programs and offerings to make informed, strategic recommendations for improving program competitiveness and alignment with business strategies and functional global objectives.
• Accountable for execution and driving continual improvement of annual compensation processes, including year-end compensation process, salary increase and bonus forecasting, salary survey submission process and vendor management, officer titling program, offer analyses, and other special projects to serve our business units.
• Accountable for ensuring pay equity and conducting firm-wide annual reviews in partnership with external advisors
• Keeps up to date on applicable compensation trends, laws and regulations and responsible for implementing strategies to ensure compliance and competitive positioning
• Ensures the timely and accurate implementation of multiple compensation projects and strategies.
• Establishes effective working relationships with HRBPs and business leaders to support manager understanding of how to best utilize programs to meet their needs.

Benefits

• Competitive compensation
• Annual bonus eligibility
• A generous retirement plan
• Hybrid work schedule
• Health and wellness benefits, including online therapy
• Paid time off for vacation, illness, medical appointments, and volunteering days
• Family care resources, including fertility and adoption benefits

What This Job Offers

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