Global Banking is hiring a Vice President to drive compensation strategy and execution for clients within the Investment Bank.
As a Compensation Vice President within Global Banking, you will provide strategic solutions and expert advice to the business and HR business advisors; combining in-depth knowledge of compensation principles, understanding of the business needs, market and regulatory landscape, and associated detailed analysis/models.
Job Responsibilities
- Lead the annual compensation planning processes (both mid-year and year-end), including building tools, performing analysis and reporting to determine compensation funding, allocation and spend, and working with Finance and HR business advisors.
- Develop a comprehensive understanding of business issues and priorities; effectively analyze and diagnose issues; provide clear advice and recommendations to help partners make informed and sound comp-related decisions.
- Support and advise on compensation related activities, including new hire offers, promotions, transfers, budget allocation/forecasting and top talent retention.
- Participate in compensation surveys; independent analysis of internal and external benchmarking data to support business’ rationale for compensation decision and strategy; communicate compensation best practices.
- Align with HR business advisors to identify opportunities, improve existing compensation programs, policies and processes to ensure they support business strategy and help drive performance.
- Actively participate in Global Banking and firm-wide projects involving compensation, including but not limited to policy reviews and changes in compensation practices
- Help simplify and improve the way we do things with fresh ideas, strategy, design iteration and implementation to ensure our compensation programs, policies and processes align with business strategy, best practice and our risk and controls framework.
- Be part of a global team representing diversity of thought, experience and backgrounds who are friendly, committed, hard-working and growth oriented.
- Continue to evolve your professional and technical skills with mentorship, training and plenty of hands-on experience.
Required qualifications, capabilities, and skills
- Minimum 6 years of HR or compensation experience
- Ability to work collaboratively and to cultivate and sustain strong partnerships with internal and external clients and colleagues.
- Client focused, proactive and results oriented, with ability to work within a matrixed, geographically dispersed, complex business.
- Self-starter who is comfortable working in a fast-paced/dynamic environment with ability to work well under pressure and to manage multiple priorities.
- Strong analytical, critical thinking and data/information management skills.
- Strong technical skills; Advanced MS Excel and proficiency with other Microsoft applications
- Ability to execute and sustain operational excellence and to develop controls.
- Intellectual curiosity and a desire to learn.
- Strong interpersonal and communication skills; ability to convey a story through analysis and metrics.
- Sound judgment and decision making.
- Proven consulting and influencing skills; ability to drive business goals through HR / Compensation strategies in an innovative and creative way.
Preferred qualifications, capabilities, and skills
- Investment Banking compensation experience
- Experience with Business Objects
ABOUT US
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, 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.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
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