Northern Trust · 2 weeks ago
Global Compensation Consultant Head of Wealth Management and Asset Management
Chicago, IL
Full-time
Hybrid
Senior Level, Lead/Staff
$137K/yr - $240K/yr
10+ years expNorthern Trust is a globally recognized financial institution that provides innovative financial services and guidance to successful individuals and institutions. The Global Compensation Consultant will lead the design and implementation of compensation programs that align with business strategies and ensure compliance with regulatory standards.
BankingFinanceFinancial ServicesWealth Management
Responsibilities
Leads the design, implementation, and execution of innovative and competitive compensation strategies for the Wealth Management and Asset Management business, including incentive, sales compensation plans, and market analysis
Partners closely with senior business leadership, HR business partners and other primary stakeholders to align compensation programs with business goals and regulatory requirements
Oversees and supports the annual compensation cycle by utilizing data and analytics to provide insights and recommendations to leadership
Monitors and analyzes market trends and competitor practices to recommend adjustments as needed
Maintains knowledge and understanding of global remuneration practices via external forums, consultant interaction and peer networks
Provides guidance and thought leadership to HR and business leaders on compensation matters including job offers, market competitiveness, and pay for performance
Collaborates on compensation communications and training for managers and employees
Aligns compensation approaches with business needs and regulatory restrictions, developing creative solutions for talent acquisition and retention. Recommends solutions or alternative actions to resolve compensation-related challenges
Carries out complex initiatives involving multiple disciplines and/or ambiguous issues
Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity
Qualification
Required
10 or more years of experience in compensation disciplines including financial services Wealth Management and / or Asset Management (WM/AM)
Demonstrated proficiency via extensive technical and business knowledge and functional expertise of WM and/or AM sales plans
Demonstrated experience in job evaluation, job architecture, market pricing, benchmarking, salary structure design and development, pay for performance, short- and long-term incentive compensation
Excellent verbal, written and presentation communication skills. Experience with conducting presentations to clients, peers and/or senior management related to compensation topics
Demonstrated ability to consult and influence with all levels of management
Past experience demonstrating strong change management and project management skills
Ability to solve highly complex problems through quantitative and qualitative analysis in a team-based environment
Critical attention to detail - demonstrated ability to consistently deliver at a high level of accuracy
Preferred
global sales plans experience
Benefits
Retirement benefits (401k and pension)
Health and welfare benefits (medical, dental, vision, spending accounts and disability)
Paid time off
Parental and caregiver leave
Life & accident insurance
Other voluntary and well-being benefits
Discretionary bonus program that may include an equity component
Company
Northern Trust
Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, fiduciary and banking.
10001+ employees
H1B Sponsorship
Northern Trust has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (180)
2024 (203)
2023 (102)
2022 (74)
2021 (298)
2020 (83)
Funding
Current Stage
Public CompanyTotal Funding
$1.25B2025-11-20Post Ipo Debt· $1.25B
1978-01-13IPO
Leadership Team
Michael O'Grady
President, Chief Executive Officer & Director
Peter Cherecwich
Chief Operating Officer
Recent News
Business Wire
2026-01-16
2026-01-16
Business Wire
2025-12-18
Company data provided by crunchbase