Compensation Design Lead

Truist BankCharlotte, North Carolina

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Overview

Schedule

Full-time

Career level

Director

Remote

On-site

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Job Description

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

The Compensation Design Lead implements strategic compensation initiatives and administers complex pay programs to ensure competitive, equitable, and compliant compensation practices. Manages major compensation projects and processes, develops rewards and recognition programs to support motivation and retention, reviews compensation assessments and recommends improvements, and contributes to the achievement of operational targets. Leads the delivery and continuous improvement of annual compensation events, including annual and mid-year compensation reviews, and develops the programs, tools, and guidelines that support effective compensation administration and decision-making. Serves as a trusted advisor and subject matter expert to compensation teammates, HR partners, and other stakeholders by providing consultation, guidance, and compensation expertise.

For this opportunity, Truist will not sponsor an applicant for work visa status or employment authorization, nor will we offer any immigration-related support for this position. This includes, but is not limited to:

H-1B,
F-1 OPT
F-1 STEM OPT
F-1 CPT
J-1
TN-1
TN-2
E-3
O-1
Future sponsorship for U.S. lawful permanent residence status

LOCATION:

Please note that candidate must be located in one of the following locations:

Charlotte, NC - Preferred
Atlanta, GA
Winston Salem, NC

Truist 'in office' requirement is5 daysper week. No full remote or relocation assistance available at this time.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

1. Implements strategic compensation strategies and goals established by Senior Management and Executives.

2. Administers complex compensation programs covering base pay, short-term and long-term incentives, allowances, deferred compensation, sales compensation, and/or rewards.

3. Directs job analysis, evaluation, classification, benchmarking, and market survey participation to ensure competitive and equitable compensation.

4. Develops and manages non-cash rewards and recognition programs to enhance teammate motivation and retention.

5. Collaborates with external consultants and vendors regarding compensation and rewards programs, policies, procedures, and practices.

6. Reviews outcomes of competitive compensation assessments and makes recommendations to ensure internal equity and market competitiveness.

7. Manages major/complex compensation and rewards projects or processes that span across multiple teams.

8. Ensures compliance with all relevant regulatory requirements and accounting standards related to compensation.

9. Contributes to the development of goals for area of responsibility and works to achieve operational targets with major impact on divisional or departmental results.

Required Qualifications

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Bachelor’s degree or equivalent education, training, and work-related experience.

2. Minimum of 10 years of demonstrated specialized and/or broad knowledge with Compensation or related discipline (Human Resources, Finance, etc.)

3. Strong knowledge of all aspects of compensation program design.

4. Project management experience.

Preferred Qualifications

Experience supporting or leading enterprise compensation cycles, including annual compensation review (ACR) and mid-year compensation review (MCR), with familiarity in managing processes, timelines, and stakeholder communication.
Exposure to Total Rewards strategy development, including contributing to the design or evolution of compensation programs in partnership with cross-functional teams.
Strong communication and facilitation skills, with demonstrated experience presenting to senior leaders, leading manager sessions or trainings, and delivering a consistent, high-quality stakeholder experience.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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FAQs About Compensation Design Lead Jobs at Truist Bank

What is the work location for this position at Truist Bank?

This job at Truist Bank is located in Charlotte, North Carolina, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at Truist Bank?

Employer has not shared pay details for this role.

What employment applies to this position at Truist Bank?

Truist Bank lists this role as a Full-time position.

What experience level is required for this role at Truist Bank?

Truist Bank is looking for a candidate with "Director" experience level.

What benefits are offered by Truist Bank for this role?

Truist Bank offers following benefits: Health Insurance, Dental Insurance, Vision Insurance, Disability Insurance, Life Insurance, Paid Holidays, Paid Vacation, Paid Sick Leave, and 401k Matching/Retirement Savings for this position. Actual benefits may vary depending on the employer's policies and employment terms.

What is the process to apply for this position at Truist Bank?

You can apply for this role at Truist Bank either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.