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Compensation Advisor II – mid-level role focused on total rewards strategy in New York.
Join TD's Global Total Rewards Group to shape competitive compensation solutions for capital markets.
Job Description
The Compensation Advisory Group, within the Global Total Rewards Group, is TD's in-house Compensation consulting team that provides advice and tailored compensation solutions for each business group based on their respective strategy and business requirements. The Compensation Advisor II will manage the day-to-day relationship with our various partners and lead customized solutions aligned to the strategic requirements within the assigned portfolio. In this capacity, this role will interface with the business leaders, our various HR partners (Human Resources Business Partners, HR Advice channels, Talent Acquisition, HR Operations), as well as Finance and the Governance & Control teams to provide direction on both individualized complex total rewards requests, the management, design and oversight of incentive plans, and project-based reviews.
Depth & Scope
Collaborates with internal and external partners to manage the effective development, implementation, and ongoing delivery of Total Rewards solutions, while ensuring alignment with the broader HR strategy Maintains a thorough understanding of the portfolios' strategic direction, ensuring alignment of business specific compensation programs with established enterprise Total Rewards principles and objectives Leads and manages end-to-end activities for the assigned portfolio, including day to day compensation advisory and counsel, complex compensation design, ongoing forecasting and monitoring of plan health, competitiveness, and alignment to the business strategy Actively monitors trends in the competitive market with a solid understanding of the external comparative organizational structures, ensuring both compensation designs and pay level opportunities allow the attraction and retention of qualified talent Leads strategic discussions on plan design and conducts complex modeling, stress-testing and analysis for the purposes of compensation design Develops written materials on program design and impact that is reviewed by the various Conduct Risk Committees and the HR Committee of the Board, as applicable Prepares and provides guidance and interpretation of analysis, forecasting and summaries on compensation matters, including advice and support on questions of policy and interpretation of plans Independently manages year-end compensation for the assigned portfolios, including market data intelligence by monitoring participation in salary surveys to ensure competitive compensation as well as alignment with business strategy and compensation philosophy Actively participates in compensation advisory projects engaging multiple stakeholders in flow of information/assignments across functions using well-established project planning and change management skills, including managing the communication requirements May provide guidance to Compensation Advisor I positions
Education & Experience
Undergraduate Degree or equivalent experience 7+ years of related experience Strong consulting, problem-solving and analytical skills Experience in a numerical/analytical capacity with the ability to model, review and analyze data and present findings to senior business leaders Strong written and verbal communication skills with ability to tell a compelling story with data to create persuasive recommendations Ability to lead and conduct modeling/stress-testing/analysis for the purposes of compensation design Impact and influencing skills with an ability to persuade members from other areas to obtain cooperation in achieving objectives Working knowledge of local, state and national laws and regulations pertaining to compensation programs, in particular, the Fair Labor Standards Act Intermediate to Advanced working knowledge of Excel, Word, and Power Point. Working knowledge of Access preferred Project management skills, with an ability to provide oversight and coordination of multiple projects/changing priorities concurrently under tight timelines and with multiple stakeholders Highly organized, self-motivated, able to work independently and delegate tasks/work to others Ability to manage changing priorities and work under tight deadlines
Preferred Qualifications
- Compensation experience supporting Capital Markets preferred
- Proven experience advising Business Partners and other stakeholders on compensation policy and practices
- Strong influencing and stakeholder management skills
- Strategic thinker with strong consulting and problem-solving capabilities
- Advanced analytical skills with strong attention to detail
- Excellent communication skills, with the ability to deliver clear, concise messaging
- Highly organized, with the ability to manage multiple priorities in a fast-paced environment
- Strong project management skills; comfortable navigating ambiguity in a matrixed organization
Customer Accountabilities
- Acts as key contact and deep expert within area of expertise for the development, design and delivery of effective HR plans, policies, programs and advice in support of HR strategies
- Shares specialized expert knowledge, provides consultation and solutions to business management and HR teams
- Maintains awareness of changing legal/regulatory requirements and practices within the industry and consults with policy/process owners within HR to ensure compliance
- Identifies opportunities to improve policies and supporting materials to increase their effectiveness for employees, people managers and HR partners while meeting compliance and business objectives
- Engages, manages and influences internal/external cross-functional partners to develop/deliver integrated solutions
- Facilitates learning and/or information sessions on HR programs and functions
- Manages the integrated implementation of HR processes/procedures/changes across multiple functional areas
- Accountable for the development and delivery of broad enterprise wide HR policies, and initiatives which may have significant regulatory components, creating business cases and innovative recommendations
- Executes on diverse and complex policies, implements and develops activities and tools for businesses, and supports people strategy and management activities
Shareholder Accountabilities
- Adheres to enterprise frameworks or methodologies that relate to activities for own business area
- Consistently exercises discretion in managing correspondence
- Leads relationships with corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements
- Ensures respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
- Ensures business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
- Participates in cross-functional/enterprise/initiatives as a subject matter expert helping to identify risk/provide guidance for complex situations
- Conducts internal and external research projects; supports the development/delivery of presentations/communications to management or broader audience
- Leads in the selection and relationship management of partners to administer plans and programs in a manner that meet key objectives/service level targets
- Monitors service, productivity and assesses efficiency levels within own function and implements continuous process/performance improvements where opportunities exist
- Leads/facilitates and/or implements actions/remediation plans to address performance/risk/governance issues as appropriate
- Actively manages relationships within and across various business lines, corporate and/or control functions and ensures alignment with enterprise and/or regulatory requirements
- Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts
- Protects the interests of the organization – identifies and manages risks, and escalates non-standard, high risk transactions/activities as necessary
- Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite
Employee/Team Accountabilities
- Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/points of interest
- Provides thought leadership and/or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit
- Keeps current on emerging trends/developments and grows knowledge of the business, related tools and techniques
- Participates in personal performance management and development activities, including cross training within own team
- Keeps others informed and up-to-date about the status/progress of projects and/or all relevant or useful information related to day-to-day activities
- Contributes to team development of skills and capabilities through development of others, by sharing knowledge and experiences and leveraging best practices
- Leads, motivates and develops relationships with internal and external business partners/stakeholders to develop productive working relationships
- Contributes to a fair, positive and equitable environment that supports a diverse workforce
- Acts as a brand ambassador for the business area/function and the bank, both internally and/or externally
Physical Requirements
Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
- Domestic Travel – Occasional
- International Travel – Never
- Performing sedentary work – Continuous
- Performing multiple tasks – Continuous
- Operating standard office equipment - Continuous
- Responding quickly to sounds – Occasional
- Sitting – Continuous
- Standing – Occasional
- Walking – Occasional
- Moving safely in confined spaces – Occasional
- Lifting/Carrying (under 25 lbs.) – Occasional
- Lifting/Carrying (over 25 lbs.) – Never
- Squatting – Occasional
- Bending – Occasional
- Kneeling – Never
- Crawling – Never
- Climbing – Never
- Reaching overhead – Never
- Reaching forward – Occasional
- Pushing – Never
- Pulling – Never
- Twisting – Never
- Concentrating for long periods of time – Continuous
- Applying common sense to deal with problems involving standardized situations – Continuous
- Reading, writing and comprehending instructions – Continuous
- Adding, subtracting, multiplying and dividing – Continuous
Who We Are
TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. Together, we are reimagining what banking can be for our clients, colleagues and communities.
Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more
Additional Information
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.
Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.
Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.
Accommodation
TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.
If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.