Compensation Lead - Corporate Functions/Shared Services

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 USWAPTDO@td.com . 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.