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VP of Compensation

Company: Consumer Retail Banking, Westlake Village, CA
Location: Westlake Village
Posted on: September 15, 2018

Job Description:


Hands-on position that provides management guidance of the compensation function including the strategy, design, and administration of compensation programs. Formulates strategy for new compensation plans and recommends plan revisions in order to achieve company goals. Works closely with other departments to communicate, coordinate, and manage compensation actions, ensuring consistency in approach and execution. This role will be a trusted partner, subject matter expert, and resource to the senior leadership team and requires the ability to think strategically and manage execution.

Job Description Define and administer comprehensive compensation management policies and processes Develop market based salary and grading structure, and applicable salary administration programs Oversee the job evaluation process for compliance and market pricing Facilitate and enhance through systemic and analytical improvements the Company’s base, and short- and long-term incentive processes Oversee plan design and calculations for all production based incentive plans Manage board pay vehicles, including pay analysis and execution Work in collaboration with leadership to structure and implement market-competitive compensation solutions to engage and reward talent for delivering desired business results Provide advanced analytics for base salary, short- and long-term incentives, which includes the calculation and budgeting of all pay vehicles Manage market data vendors Ensure all internal and external control requirements are implemented, tested and applied in all areas of compensation Ensure effective compliance and record keeping controls are in place for all compensation actions Ensure compliance with federal, state, industry and non-industry specific wage & hour and other employment laws Perform other related duties as required and assigned Demonstrate behaviors which are aligned with the organization’s desired culture and values Ideal Candidate will have the following: Conversant with technical and critical components of Human Resource Management Strategy. Contemporary knowledge of business concepts, life cycles, and processes. Certified Compensation Professional (CCP) designation Must have advanced Excel skills Proven track record at delivering timely and accurate information in a fast-paced environment Excellent critical thinking, problem solving, mathematical skills and sound judgment Financial Services and, if possible, mortgage industry experience preferred Strong business acumen and ability to interface effectively with executive management Strong managerial skillset with experience in managing compensation team

Keywords: Consumer Retail Banking, Westlake Village, CA, Los Angeles, VP of Compensation, Executive, Westlake Village, California

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