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MUFG · 16 hours ago

Technology, Operations & Support Functions - Compensation Partner, Vice President

New York, NY

Full-time

Hybrid

Mid, Senior Level

$133K/yr - $156K/yr

5+ years exp

Mitsubishi UFJ Financial Group (MUFG) is one of the world’s leading financial groups, dedicated to making a difference for clients and communities. The Vice President of Compensation & Rewards Partner will collaborate with HR and business leaders to design and deliver compensation programs, ensuring compliance and supporting strategic projects globally.

Financial Services

Responsibilities

Implement and execute the bank’s incentive governance framework for all business incentive compensation plans in assigned client groups

Manage the incentive design process for the business lines’ incentive and commission plans, partnering closely with the business, finance, compliance, risk and the HR business partner as needed

Research and resolve compensation related issues and propose alternative solutions and guidance. Recognize need for escalation

Ensure compliance with all relevant regulations (e.g. FLSA) in assigned business lines

Provide thorough analysis and review on all FLSA issues

Enhance and implement the Bank’s market data approach. Conduct detailed market pricing and specialized analysis for assigned areas

Participate in the annual market survey process

Support the design of innovative compensation solutions to support assigned business lines, and provide compensation consulting to influence decision making

Execute the annual pay review process effectively for assigned business lines

Participate in the annual Focal Review process, determining key dates and events and provide business unit support

Manage and support strategic projects for total rewards globally

Manage outside vendor relationships as appropriate

Manage internal vendor management and internal and external audit requests

Qualification

Compensation designFLSA knowledgeMarket data analysisWorkday proficiencyAnaplan proficiencyContinuous improvementStrategic operationsVendor managementAnalytical skillsCollaboration skills

Required

Understanding of the financial services regulatory environment

Knowledge of FLSA and other applicable regulations

Expertise in gathering compensation-related market and competitive intelligence including utilization of market surveys and market trends

Proven ability to interpret and analyze compensation and labor market data to assess: comparable worth; benchmarking; internal alignment; external competitiveness

Extensive knowledge of compensation philosophies/programs; compensation plans (salary; cost-of-living adjustment; merit increase; bonus structure; domestic workers; global workers; expatriates; executives; part-time employees)

Advanced knowledge of deferred compensation; direct and indirect compensation

Extensive knowledge of pay practices and issues: pay increases; base pay; pay levels; variable pay; pay compression; pay equity; pay transparency; market data

Expertise implementing and tracking relevant compensation metrics and benchmarks (compa-ratio, etc.)

B.A. or B.S., degree required

5 plus years minimum of relevant work experience required

Knowledge of the Corporate Support Functions compensation and buyout processes, compensation design, governance and process/project experience

Strong working knowledge of base pay, total compensation, organizational job review and structuring, external market data analysis, and compensation regulations

Experience designing and implementing compensation solutions/programs