Compensation Executive - Consumer and Community Banking, Managing Director
Job description
As the Compensation Executive for Consumer and Community Banking (CCB), you will provide creative thought leadership on compensation strategy, program design, and execution. You will be able to successfully lead a high-performing team, and interact collaboratively and effectively with various partners and all levels of clients, including senior leadership. You should demonstrate a deep understanding of client business issues and priorities and provide clear advice and recommendations around compensation issues and influence key decisions. In addition, you will partner with the broader compensation and HR function to provide thought leadership and solutions for HR initiatives and priorities.
Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.
Job Responsibilities:
- Assist in the design, delivery, and management of compensation programs across Consumer and Community Banking business including year-end forecasting of compensation budget, facilitation of the year end discretionary incentive compensation (IC) planning process, responsibility for understanding the business' overall market pay position, providing individual employee comp and offer recommendations (mainly for leadership), and development and governance of CCB business aligned IC plans
- Partner with CCB CEO, CCB CFO, and corporate partners to ensures adequacy of the CCB incentive compensation accrual by bringing in-depth knowledge of key financial performance metrics, including but not limited to key business metrics and performance results, impact of staffing changes which includes new hires, terminations, talent upgrades, and IC commitments and an understanding of the risk and control considerations
- Build strong relationships and partner with leaders in finance, legal, compliance, business management, HR groups, and industry consultants to bring various expertise's to client group to achieve compensation initiatives, meet business priorities, and enhance their ability to attract and retain top talent
- Champion the company's compensation philosophy and partner across Human Resources and the business to ensure compensation programs are designed and delivered in alignment with compensation and HR objectives and serve as a key control partner, leading the CCB Compensation Committee and the CCB HR Control Forum in partnership with the CCB Controls Officer
- Manage the annual market analysis, including oversight of data preparation, data analysis, development and delivery of observations, and recommendations to business leaders
- Recognize the implications of emerging trends in the Consumer and Community Banking industry, actively assesses the competitive landscape and regulatory/governmental fronts and articulates the impact they have to the business and on compensation practices
- Manage the development of the Consumer and Community Banking Compensation team, sharing technical knowledge and expertise, communicating business and industry trends, leveraging resources effectively to achieve functional objectives and to ensure there are opportunities for continual skill advancement and exposure
Required Qualifications, Skills and Capabilities:
- Minimum of 10 years of progressively responsible compensation or HR Executive-level experience
- Knowledge of and experience in Financial Services or large, matrixed consumer facing organization required
- Broad, global compensation experience, with particular emphasis on business aligned incentive plan designs and governance
- Ability to deal with ambiguity and develop a course of action.
- Outstanding client management, communication and quantitative skills and Excellent consulting skills
- Negotiates well in difficult situations and drives for results in a collaborative way
- Demonstrated ability to build relationships with and influence people at all levels of the organization
Preferred Qualifications, Skills and Capabilities:
- Familiarity with regulatory landscape in the Consumer and Community Banking industry is a plus
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
Equal Opportunity Employer/Disability/Veterans
Base Pay/Salary
Jersey City,NJ $250,000.00 - $450,000.00 / year
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