Truist
Sr Compensation Consultant – Truist
Position overview: The senior compensation consultant will provide comprehensive consulting in support of Human Resources, Office of Corporate and Administrative Affairs, and Government Affairs and Legal.
Responsibilities include effective delivery, communication, and administration of compensation programs and practices including job attributes, pay structure, incentive plans, and annual processes. Position has in‑office expectations.
Essential Duties and Responsibilities
Provide advice and creative solutions for the most complex compensation issues
Build strong partnerships across the organization to effectively influence compensation related decisions in alignment with Truist’s compensation strategy
Perform analysis of all compensation‑related issues within aligned scope of responsibility; this may include market pricing/grading of exempt and nonexempt positions, organization design, design and administration of short‑term incentives, to ensure consistent and equitable establishment across the enterprise
Partner with leadership and partners to develop and structure market competitive, equitable and compliant compensation programs in support of business needs and strategy
Analyze complex, large‑scale, and long‑term compensation needs in order to support business strategy and/or operational and technical challenges
Collaborate and consult with peers, partners, and managers to resolve issues and achieve goals
Communicate, interpret, and apply compensation policies, procedures, and regulations to make decisions in support of initiatives and the execution of deliverables
Lead complex projects with oversight of resources, accountability for risk mitigation and responsibility through implementation and communication
Mentor and help coach less experienced compensation professionals on the team
Qualifications
Required Qualifications:
Bachelor’s degree or equivalent or an equivalent combination of education and experience
8 years of demonstrated specialized and/or broad knowledge with Compensation or related discipline (Human Resources, Finance, etc.)
Ability to lead projects of significant complexity and risk exposure and to exercise judgment in solving technical, operational, and organizational challenges in the context of business objectives and priorities
Demonstrated ability to partner with business to understand business needs and develop suitable compensation / incentive programs
Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
Preferred Qualifications:
Previous experience as a compensation professional in a complex organization
Experience working in the financial services industry
Professional certification in HR related discipline (PHR, SPHR, CCP, etc.)
Experience working with HRIS systems and Market Data tools
Benefits All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax‑preferred savings accounts, and a 401(k) plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full‑time or part‑time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.
Equal Employment Opportunity Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace. EEO is the Law. E-Verify IER Right to Work.
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Responsibilities include effective delivery, communication, and administration of compensation programs and practices including job attributes, pay structure, incentive plans, and annual processes. Position has in‑office expectations.
Essential Duties and Responsibilities
Provide advice and creative solutions for the most complex compensation issues
Build strong partnerships across the organization to effectively influence compensation related decisions in alignment with Truist’s compensation strategy
Perform analysis of all compensation‑related issues within aligned scope of responsibility; this may include market pricing/grading of exempt and nonexempt positions, organization design, design and administration of short‑term incentives, to ensure consistent and equitable establishment across the enterprise
Partner with leadership and partners to develop and structure market competitive, equitable and compliant compensation programs in support of business needs and strategy
Analyze complex, large‑scale, and long‑term compensation needs in order to support business strategy and/or operational and technical challenges
Collaborate and consult with peers, partners, and managers to resolve issues and achieve goals
Communicate, interpret, and apply compensation policies, procedures, and regulations to make decisions in support of initiatives and the execution of deliverables
Lead complex projects with oversight of resources, accountability for risk mitigation and responsibility through implementation and communication
Mentor and help coach less experienced compensation professionals on the team
Qualifications
Required Qualifications:
Bachelor’s degree or equivalent or an equivalent combination of education and experience
8 years of demonstrated specialized and/or broad knowledge with Compensation or related discipline (Human Resources, Finance, etc.)
Ability to lead projects of significant complexity and risk exposure and to exercise judgment in solving technical, operational, and organizational challenges in the context of business objectives and priorities
Demonstrated ability to partner with business to understand business needs and develop suitable compensation / incentive programs
Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
Preferred Qualifications:
Previous experience as a compensation professional in a complex organization
Experience working in the financial services industry
Professional certification in HR related discipline (PHR, SPHR, CCP, etc.)
Experience working with HRIS systems and Market Data tools
Benefits All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax‑preferred savings accounts, and a 401(k) plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full‑time or part‑time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.
Equal Employment Opportunity Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace. EEO is the Law. E-Verify IER Right to Work.
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