- Bank of America
- $102,390.00 -99,450.00/year*
Financial Services - Banking/Investment/Finance
171 Prospect Ave
The Executive Compensation function provides the following core services:. End-to-end coordination of the materials for the Compensation & Benefits Committee of the Board of Directors and/or Management Compensation Committee. Development competitor compensation benchmarking reports (including competitor public filings) for senior executives and the Board of Directors. Advising on structure of senior executive compensation programs and general plan design;. Development of annual proxy statement Compensation Discussion and Analysis.. Review of compensation-related regulatory requirements, guidance and ongoing compliance, response to regulator requests related to Executive Compensation. Ad hoc projects and general team support. Scope of Responsibilities:. Day-to-day compensation administration and management of data resources. Development and management of work plans. Compile/summarize/analyze data (including survey results, market data, etc.). Continuous updating, maintenance, management, and distribution of data within LOB supported and ensure integrity of data. Create high impact presentations utilizing PowerPoint. Maintenance, management and updating of project materials and continuous process improvement of projects supported to ensure user friendliness of compensation processes. Assist with development of compensation strategies, market pricing, client communications, and compensation redesign and delivery. Implementation of new compensation management tools and processes. Key Requirements:. Minimum of 5 years of executive compensation experience or relevant compensation experience in the financial services industry. Proficient in Word, Excel and Power Point. Maturity to handle highly confidential and sensitive information with discretion. Ability to develop and maintain strong cross-functional partnerships (e.g. Legal, Finance, Tax, Corporate Secretary and within HR). Excellent analytical skills, attention to detail, logical thinking. Excellent communication and writing skills; ability to succinctly explain complex topics. Time management, project management and influencing skills - prioritize workload, to meet deadlines and ensure partners meet deadlines. Good judgment - knowing when to escalate an issue & works well under pressure Strong analytical skills and problem solving skills. Strong Business Acumen. Must be a team player who can also work independently (self-starter) and display a strong work ethic. Strong initiative; proactively looks for ways to support other members of the team. Ability to thrive in a fast paced and demanding environment, balancing competing priorities and multiple stakeholders. Demonstrate the ability to grasp a comprehensive understanding of Compensation issues and priorities; effectively analyze and diagnose problems; provide clear advice and recommendations to help make sound business decisions. Bank of America Corporation is a bank holding company. Through its banking subsidiaries (the Banks) and various non-banking subsidiaries ...
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.
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