Job Information
Truist Incentive Compensation and Performance Enablement Manager in Charlotte, North Carolina
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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:
Partner with business leaders in Wealth Management and provide strategic executive guidance regarding incentive plan designs, performance management, and calibration. Responsible for managing the administration and coordination of the performance management and incentive compensation process. Partner with the business leaders to embed the Truist culture related to performance and compensation within the organization.
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.
Lead the end-to-end incentive compensation process in partnership with the business leaders, including: design, calculation, coordination of approvals, communications, administration of the process, and working with Finance and leaders to ensure accuracy of accruals and incentive payments.
Design and implement end to end incentive performance management strategy and process including calibration in partnership with Human Resources and business leaders
Design incentive plan governance process in partnership with risk partners and data office partners to ensure execution of the programs adhere to prudent risk management principles.
Partner with Finance and HR Business Partners to organize and support performance calibration sessions and consult the business to help ensure that Truist remains at the forefronton compensation practices. Partner with HR and Technology partners to design and implement 360 feedback tools.
Ensure the company’s compensation practices, performance practices, and principles are applied thoughtfully throughout the businesses supported
Direct analysts or associates on the team in performing independent modeling and analysis of internal and external benchmarking data to support the business’ rationale for compensation decisions, conduct data analysis including trend analysis and support market analysis
Actively lead and/or participate in Wholesale-wide and firm-wide projects involving compensation and performance calibration, including but not limited to policy reviews, changes in compensation practices, systems development, and preparation of executive level proposals/presentations
Monitor the effectiveness of existing incentive plans and performance process and work with HR, leadership, risk and legal on any proposed changes which are consistent with compensation trends, in compliance with regulations, and in line with the company’s performance and compensation philosophy.
Create and develop change management tools in support of the performance management and calibration processes and lead the development of performance management communications through various channels to ensure all stakeholders are informed of process and expectations
Influence performance management strategy by actively engaging with research partners and benchmarking with other financial and non-financial institutions to stay abreast of best and emerging practices
Qualifications
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.
BA/BS degree
8+ years of relevant experience in line of business, incentive plan management/talent analytics, performance management, or consulting
Advanced skills in analysis, synthesis, interpretation of complex data, and preparation of executive level presentations
Ability to communicate vision and intent
Strong conceptual thinking and analytical ability with a highly consultative and collaborative approach in a large financial services organization or consulting firm
Ability to manage complex projects and programs autonomously while maintaining strict confidentiality
Superior Excel and Power Point skills
Superior written and oral communication skills, analytical ability, and attention to detail
Preferred Qualifications:
Advanced knowledge of financial industry, market, and products
Excellent interpersonal style, good listening skills, and the ability to communicate complex ideas clearly and concisely
Strong partnering, leadership, and interpersonal skills; executive presence
Success working in a fast-paced, matrixed, team environment
Innovation in problem solving and data-driven insights generation
Experience with formulaic incentive plan design
Experience supporting Wholesale lines of business and specifically Wealth Management with knowledge of Wealth products and services.
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 (https://benefits.truist.com/)
. 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 supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals 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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Pay Transparency Nondiscrimination Provision (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdf)
E-Verify (https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify_Participation_Poster_ES.pdf)