Senior Director, Global & Executive Compensation

Regal Rexnord•Rosemont, IL

1d•Hybrid

About The Position

A key influencer of Regal Rexnord’s short and long-term business success depends on the ability to have the right talent, in the right roles at the right time to drive the enterprise strategy. Reporting to the VP of Total Rewards, this critical leadership role is responsible for providing the strategic direction in the design and execution of Regal Rexnord’s global and executive compensation programs. This role collaborates with HR, Finance, Business leaders, and our external partners / consultants to evolve our global compensation infrastructure to support the business strategy and position the company to attract & retain top talent. This is a strategic and hands-on leadership role that is responsible for building and leading the team that provides innovative design, quality consulting, and impact to support Regal Rexnord’s revenue growth aspirations. This role will provide thought leadership and be an effective partner to the HR leadership team as we develop compensation strategies to support our talent and business needs, build roadmaps of continuous improvement and provide communications that align with Regal Rexnord’s employee value proposition. The successful candidate will leverage their expertise to lead Regal Rexnord’s through assessing the effectiveness and competitiveness of the global compensation programs while anticipating and navigating the ever-changing compliance landscape. From a compensation perspective this will include the annual salary planning & merit planning processes, annual and long-term incentive programs, job architecture, pay practices, policies & compliance, including alignment with the EU Pay Transparency Directive. The role will provide support to the VP Total Rewards on executive compensation related matters. There is also a key focus on continuous improvement, operational excellence and identifying opportunities to drive synergies. Successful candidate must be an experienced leader who is a skilled collaborator and able to generate win-win outcomes by building partnerships across the enterprise while aligning expectations and integrating various points of view. This key leadership role provides the successful candidate with an opportunity to develop their leadership capabilities and impact while developing their competencies to be a successor to the VP of Total Rewards. This is a hybrid role and can be located in our Rosemont, IL or Milwaukee, WI office.

Requirements

Leadership experience at a Senior level within a global organization.
Proven ability to develop a high performing team and function.
Deep experience of all components of compensation with a global perspective.
Experience of job evaluation and job architecture in collaboration with Talent partners.
Fully leverage and administer the company’s global compensation plans and programs by utilizing Workday and other technologies or vendors as needed.
Experience in executive compensation related matters, including the Proxy, Compensation Committee support and long-term incentive plan design.
Collaborate and partner with HR leadership to understand their challenges related to compensation programs and key issues in attracting, motivating, and retaining high quality, diverse talent.
Responsible for developing and delivering strong implementation of communication and change management plans for new and existing compensation program enhancements or changes while collaborating closely with stakeholders across the organization.
Ensure on-going audits for internal compliance, governance, ensuring adherence to country, local and federal statutes, and laws.
Bachelor’s degree required in Finance, Business Administration or Human Resources.
At least 10 years of HR, Compensation, Benefits, and/or Finance experience.
5 years of global experience with designing, enhancing, or evolving compensation and executive compensation programs.
Excellent interpersonal and influencing skills to establish trust, credibility, and rapport at all levels of the organization; seen as humble, direct, and authentic while possessing executive presence.
Proven ability to be hands on, roll up sleeves and demonstrate resourcefulness, initiative, results-orientation.
Has a mindset of continuous improvement and can embrace Regal Rexnord’s 80/20 principles.
Ability to travel up to 5% globally.

Nice To Haves

MBS or Master’s degree preferred.

Responsibilities

Provide strategic direction in the design and execution of Regal Rexnord’s global and executive compensation programs.
Collaborate with HR, Finance, Business leaders, and external partners / consultants to evolve our global compensation infrastructure.
Build and lead the team that provides innovative design, quality consulting, and impact to support Regal Rexnord’s revenue growth aspirations.
Provide thought leadership and be an effective partner to the HR leadership team.
Develop compensation strategies to support our talent and business needs.
Build roadmaps of continuous improvement and provide communications that align with Regal Rexnord’s employee value proposition.
Lead Regal Rexnord’s through assessing the effectiveness and competitiveness of the global compensation programs.
Anticipate and navigate the ever-changing compliance landscape.
Oversee annual salary planning & merit planning processes, annual and long-term incentive programs, job architecture, pay practices, policies & compliance, including alignment with the EU Pay Transparency Directive.
Provide support to the VP Total Rewards on executive compensation related matters.
Focus on continuous improvement, operational excellence and identifying opportunities to drive synergies.
Generate win-win outcomes by building partnerships across the enterprise while aligning expectations and integrating various points of view.