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Regions Bank · 1 day ago

Compensation Manager

Charlotte, NC

Full-time

Onsite

Senior Level

$149K/yr - $202K/yr

7+ years exp

Regions Bank is dedicated to providing a career-oriented environment for its associates. The Compensation Manager will lead a team in developing and administering compensation programs, providing strategic support, and ensuring compliance with legal regulations.

BankingInsurance

Responsibilities

Applies a broad knowledge of market pay practices and the competitive landscape to provide strategic support regarding compensation plans and pay practices within business segments or geographic areas

Consults with Executives and managers on the development of business delivery of pay strategy and pay effectiveness relating including base pay, incentive opportunity, long-term incentive plans (LTIP), and mix of pay

Identify and propose competitive solutions to complex compensation issues and offer proposals

Works with senior HR Management in the formulation of compensation strategies and policies for pay practices to support business and human capital strategies

Works with HR Partners, Executives and managers to help develop a career framework, identify/address compensation issues, and educate managers regarding total rewards practices and execution

Acts as COE leader to advise and integrate associates in merger and acquisition activity

May advise on the construct and governance of sales and other incentive pay plans and programs

Advises Executives and HR leaders on organizational structures, spans/layers, and job roles

Contributes to the development and implementation of compensation tools and techniques that helps the rest of the HR team make appropriate pay and talent decisions

Remains up to date on legal regulations surrounding compensation issues. Provide advice and recommendations as needed to ensure compliance

Thinks holistically about issues that impact pay practices, job roles, and compensation processes. Uses relevant data to identify patterns, provide insights and communicate recommendations to business leaders and HR partners

Engages appropriate stakeholders and/or partners with other HR leaders on proposed solutions and the execution of project plans

Mentors and develops a team of compensation consultants

Effectively drive philosophical and process changes throughout supported businesses, in conjunction with an evolving compensation strategic plan

Leads and directs team members in conducting comparative analysis of associates to determine if pay inequities exist and consults with management on potential pay inequities and solutions

Conducts comprehensive analysis and market studies to evaluate the competitiveness of proposed new compensation programs

Evaluates analysis results, recommend program changes, model cost impact, and present final recommendations

Leads team on approvals, and responses to questions related to pay for new hires, promotions, demotions, equity adjustments, exemption status, position classification process, job evaluation, pay structure, merit pay, and Incentive Programs

Advises, researches, and recommends mix of pay (i.e., base, short-term incentive, and LTIP) to update market and business strategy

Leads team in monitoring, surfacing and mitigating areas of risk, including Fair Labor Standards Act (FLSA) classification and compliance

Identifies and resolves problems

Identifies reporting needs and works with appropriate teams on production, interpretation and distribution

Identities, leads or participates in special projects

Qualification

Compensation StrategyMarket Pay PracticesData AnalysisLeadershipSPHRCCP CertificationIndependent JudgmentNegotiation SkillsCommunication SkillsProblem SolvingOrganizational Skills

Required

Bachelor's degree in Human Resources, Business, or related field

Seven (7) years of experience in Compensation or closely related HR experience supporting financial industry clients in revenue production areas

Previous management experience leading and directing the work of others

Ability to influence others

Able to work independently or in a team environment

Advanced assimilations of data and analysis

Advanced communication skills, both written and verbal

Advanced Excel skills (i.e., formula's, pivot tables, VLOOKUP, etc.)

Advanced leadership skills

Critical thinking/Problem Solving

Demonstrated negotiation skills

Excellent organizational and time-management skills

Independent judgement and reasoning

Preferred

Certification as Senior Professional in Human Resources (SPHR) or Certified Compensation Professional (CCP)

Benefits

Paid Vacation/Sick Time

401K with Company Match

Medical, Dental and Vision Benefits

Disability Benefits

Health Savings Account

Flexible Spending Account

Life Insurance

Parental Leave

Employee Assistance Program

Associate Volunteer Program

Company

Regions Bank

Glassdoor3.6

Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services.

Founded in 1971

Memphis, Tennessee, USA

10001+ employees