Compensation Consultant

September 16

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Flagstar Bank

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Mortgage • Commercial Banking • Personal Financial Services • Government Banking • Small Business Banking

5001 - 10000

Description

• The Compensation Consultant partners with line of business to align compensation programs with business goals and objectives. • Requires a comprehensive understanding of the Interagency Guidance on Sound Incentive Compensation Practices and other relevant compensation regulations. • Plays a pivotal role in ensuring incentive compensation programs are aligned with regulatory expectations. • Interacts with all areas of HR and may interact with leadership positions outside of HR. • Assists in implementation of incentive risk management framework and controls. • Partners with Human Resources, Legal, Compliance, and business unit leaders to design, implement, and monitor incentive compensation plans. • Supports incentive design and ongoing administration for calculations or incentive design projects/analysis as needed. • Performs special projects and additional duties and responsibilities as required. • Consistently adheres to regulatory and compliance policies and standards.

Requirements

• Minimum experience required: 3+ Years compensation and analytics experience at large financial institution • Detailed knowledge of the compensation regulatory environment including the Interagency Guidance on Sound Incentive Compensation Practices • Strong analytical and problem-solving skills, with the ability to assess complex risk scenarios and develop effective mitigation strategies • Excellent interpersonal and communication skills, including ability to influence and collaborate with stakeholders at all levels of the organization • Intermediate to Advanced Microsoft Excel • Preferred Qualifications: Workday Compensation experience preferred • Demonstrated ability to work with numbers and large volumes of data with accuracy and speed