What are the responsibilities and job description for the Compensation Benefits Manager position at Veritas Partners - Client?
Looking for the next step up in your Compensation Career? Have you been working in the financial services industry? We may be searching for you!
We are scouring for a Compensation Manager to support the design, implementation and maintenance of effective compensation programs for our banking client. The Compensation Manager acts as an expert on compensation trends in the external market to ensure that our banking client programs are appropriately aligned / exceed our market. This role with follow a hybrid work model with 3 days / week one of our two suburban Philly (either NJ or PA) offices.
Responsibilities
- Develop and implement compensation strategies and programs that align with the bank's goals and objectives.
- Conduct market analysis to ensure competitive compensation packages.
- Design and manage salary structures, incentive plans, and bonus programs.
- Ensure compliance with federal, state, and local compensation laws and regulations.
- Assesses programs and offerings to ensure alignment with Total Rewards strategy, evolving business needs and that they are culturally / market relevant.
- May serve as a subject matter expert on other related projects. Partners and collaborates on projects, including establishing a project plan, coordinating and managing resources, etc.
- Understands data requirements and creates presentations to display information accurately, communicate succinctly, and help influence decision making.
- Provides ad hoc consultative guidance or analyses to managers, HR Business Partners and other HR COE partners on compensation questions. Issues handled are frequently complex and often require creative solutions and independent analytical thought.
- May also be responsible for supporting the design and operationalization of a specific firmwide compensation program.
Qualifications :
