Work Location:Mount Laurel, New Jersey, United States of AmericaHours:40Pay Details:$110,760 - $166,400 USDTD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.Line of Business:Human ResourcesJob Description:The Compensation Lead assumes responsibility for the U.S. Compensation advisors/staff, systems, policies, and procedures and directs staff in the planning, administration, and implementation of various programs, plans, and activities. The Compensation Lead ensures internal equity, external competitiveness, and legal compliance of Compensation programs and provides department and corporate context and vision for business partner and subordinate leadership activities. The Compensation Lead works cross-organizationally with HR Business Partners and departments to ensure compensation plans and practices meet the needs of the Company. The job partners with executive management to develop any necessary changes in Compensation policy or plans based on business requirements. The job also provides overall leadership for Compensation, Payroll, and HRIS departments through subordinate leadership structures.Depth & Scope:
Assumes responsibility for the U.S. Compensation advisors/staff, systems, policies, and procedures according to established Company procedures and applicable legal and regulatory guidelines; Directs staff in the planning, administration, and implementation of various programs, plans, and activities; Assists with the development and implementation of successful base pay, variable pay, long term, executive, and specialty programs
Manages staff directly and through subordinate managers; provides direction, sets goals and ensures that various areas manage toward overall division and region/group objectives; Leads the development and implementation of lending strategies, policies and goals, including budget in coordination with other division and region/group management
Ensures internal equity, external competitiveness, and legal compliance of Compensation programs; Provides department and corporate context and vision for business partner and subordinate leadership activities
Works cross-organizationally with HR Business Partners and departments to ensure compensation plans and practices meet the needs of the Company; Partners with executive management to develop any necessary changes in Compensation policy or plans based on business requirements
Participates in the development and implementation of base and variable compensation programs; manages program costs within corporate budget goals and objectives
Participates in the determination of Companywide and region-specific pay structures and ensures consistency in application of job evaluation processes; Acts as an advisor and consultant to executive management in the development of organizational and pay structures
Recommends new and modified long term and short term compensation plans to management to enhance competitiveness and equity
Oversees the development of budget assumptions and recommendations for the Company salary expense budget; Collaborates with Finance Department on Budget tracking addressing variances and recommending corrective action where appropriate
Maintains knowledge of best practices in compensation by attending conferences/seminars and through independent research
Participates in special projects and performs additional duties as required
Education & Experience:
4 Year Degree or equivalent experience
7+ Years of related experience
Previous Compensation management experience a must
Expert knowledge of compensation principles and practices
Excellent change management and project management skills
Demonstrates ability to delegate authority and responsibility
Demonstrates ability to communicate with and consult with all levels of Company management
Strong background in analytical and statistical mathematics
Strong written and oral communications skills
In depth knowledge of organizational structure and business policy
Some travel required
Preferred Qualifications:
Ability to effectively manage competing priorities with complexity and ambiguity in large, matrixed, and fast-paced organizations.
Expert stakeholder, consulting, relationship management and communications skills
Physical Requirements:Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
Domestic Travel – Occasional
International Travel – Never
Performing sedentary work – Continuous
Performing multiple tasks – Continuous
Operating standard office equipment - Continuous
Responding quickly to sounds – Occasional
Sitting – Continuous
Standing – Occasional
Walking – Occasional
Moving safely in confined spaces – Occasional
Lifting/Carrying (under 25 lbs.) – Occasional
Lifting/Carrying (over 25 lbs.) – Never
Squatting – Occasional
Bending – Occasional
Kneeling – Never
Crawling – Never
Climbing – Never
Reaching overhead – Never
Reaching forward – Occasional
Pushing – Never
Pulling – Never
Twisting – Never
Concentrating for long periods of time – Continuous
Applying common sense to deal with problems involving standardized situations – Continuous
Reading, writing and comprehending instructions – Continuous
Adding, subtracting, multiplying and dividing – Continuous
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.Who We Are:TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.Our Total Rewards PackageOur Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more (http://hrportal.ehr.com/tdtotalrewards)Additional Information:We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.Colleague DevelopmentIf you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.Training & OnboardingWe will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.Interview ProcessWe’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.AccommodationIf you are an applicant with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at [email protected] . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.