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Open nowPosted 293 days ago

Head of Global Compensation

T. Rowe Price173 open roles

Where
Owings Mills
Work mode
On site
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Your applicationOpen nowHead of Global CompensationT. Rowe Price · Owings Mills

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The clock on this job

Early applications get read.

12.3% of postings close within 7 days. Measured by our own scanner across the market. T. Rowe Price postings stay open a median of 3 days.

Share of postings closed within
  1. 2.1%1 day
  2. 4.5%3 days
  3. 12.3%7 days
  4. 19.7%14 days
  5. 35.6%30 days
  6. 58.0%60 days
This job: posted 293 days ago

T. Rowe Price median: 3 days open

The posting

Role Summary

The Director – Head of Global Compensation leads the team of compensation consultants focused on broad-based advice and support to our global managers, as well the compensation operations and reporting team. In partnership with HR Business Partners (HRBPs), this role leads the design, maintenance and implementation of effective compensation programs and processes. Through the compensation operations and reporting team, this role is accountable to successfully deliver on our annual compensation processes and integration with HR Systems and other vendors. The Director – Head of Global Compensation reports to the Head of Total Rewards and is a member of the Global Total Rewards lead team.

Responsibilities

  • Leads and develops a multi-level team of compensation consultants to partner with HRBPs and business unit leadership to ensure the organization maintains a competitive compensation position within the market.
  • Liaises with HRBPs and other HR COEs to influence key stakeholders and bring consensus on appropriate compensation strategies and best practices that meet the needs of the broad-based associate population.
  • In partnership with peers on the Total Rewards lead team, assesses programs and offerings to make informed, strategic recommendations for improving program competitiveness and alignment with business strategies and functional global objectives.
  • Accountable for execution and driving continual improvement of annual compensation processes, including year-end compensation process, salary increase and bonus forecasting, salary survey submission process and vendor management, officer titling program, offer analyses, and other special projects to serve our business units.
  • Accountable for ensuring pay equity and conducting firm-wide annual reviews in partnership with external advisors
  • Keeps up to date on applicable compensation trends, laws and regulations and responsible for implementing strategies to ensure compliance and competitive positioning
  • Ensures the timely and accurate implementation of multiple compensation projects and strategies.
  • Establishes effective working relationships with HRBPs and business leaders to support manager understanding of how to best utilize programs to meet their needs.

Qualifications

Required:

  • Bachelor's degree, preferably in Business, Finance, Human Resources, or related field AND
  • 12+ years of relevant work experience and 5+ years of management experience, preferably in the asset management or financial services.

Preferred:

  • Master’s degree in human resources development, management or related field
  • CCP (Certified Compensation Professional) certification
  • Experience advising on global compensation programs in asset management to support business strategy and competitiveness.
  • Demonstrated experience in managing work through others, and coaching to drive higher levels of individual performance
  • Strong communication skills; able to adjust communication strategy to audiences at multiple levels
  • Ability to consult with HR colleagues, senior executives, and Business Unit Leaders/ Managers
  • Demonstrated analytical skills and attention to detail
  • Advanced Excel skills
  • Experience managing external vendors and consultant relationships
  • Demonstrated experience managing complex, cross-departmental projects and process improvement initiatives
  • Commitment to excellence in service and client relationship management
  • Experience with Workday and/or other compensation systems.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

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