Compensation Manager

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

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Job Description:
At Regions, the Compensation Manager leads and manages a team supporting effective on-going Compensation program development and administration. This manager is considered an expert in the field and will exhibit strong leadership abilities, relationship building and strategic partnering with executives, senior managers and other HR professionals within the organization on Compensation programs and policies.

Primary Responsibilities

Strategy:
Applies a broad knowledge of market pay practices and the competitive landscape to provide strategic support regarding compensation plans and pay practices within business segments or geographic areas

Consults with Executives and managers on the development of business delivery of pay strategy and pay effectiveness relating including base pay, incentive opportunity, long-term incentive plans (LTIP), and mix of pay.

Identify and propose competitive solutions to complex compensation issues and offer proposals.

Works with senior HR Management in the formulation of compensation strategies and policies for pay practices to support business and human capital strategies

Works with HR Partners, Executives and managers to help develop a career framework, identify/address compensation issues, and educate managers regarding total rewards practices and execution

Acts as COE leader to advise and integrate associates in merger and acquisition activity

May advise on the construct and governance of sales and other incentive pay plans and programs

Advises Executives and HR leaders on organizational structures, spans/layers, and job roles

Contributes to the development and implementation of compensation tools and techniques that helps the rest of the HR team make appropriate pay and talent decisions

Remains up to date on legal regulations surrounding compensation issues. Provide advice and recommendations as needed to ensure compliance

Thinks holistically about issues that impact pay practices, job roles, and compensation processes. Uses relevant data to identify patterns, provide insights and communicate recommendations to business leaders and HR partners.

Engages appropriate stakeholders and/or partners with other HR leaders on proposed solutions and the execution of project plans

Mentors and develops a team of compensation consultants

Effectively drive philosophical and process changes throughout supported businesses, in conjunction with an evolving compensation strategic plan

Execution:
Leads and directs team members in conducting comparative analysis of associates to determine if pay inequities exist and consults with management on potential pay inequities and solutions

Conducts comprehensive analysis and market studies to evaluate the competitiveness of proposed new compensation programs

Evaluates analysis results, recommend program changes, model cost impact, and present final recommendations

Leads team on approvals, and responses to questions related to pay for new hires, promotions, demotions, equity adjustments, exemption status, position classification process, job evaluation, pay structure, merit pay, and Incentive Programs

Advises, researches, and recommends mix of pay (i.e., base, short-term incentive, and LTIP) to update market and business strategy

Leads team in monitoring, surfacing and mitigating areas of risk, including Fair Labor Standards Act (FLSA) classification and compliance

Identifies and resolves problems

Identifies reporting needs and works with appropriate teams on production, interpretation and distribution

Identities, leads or participates in special projects

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

This position is incentive eligible.

Requirements

Bachelor's degree in Human Resources, Business, or related field

Seven (7) years of experience in Compensation or closely related HR experience supporting financial industry clients in revenue production areas

Previous management experience leading and directing the work of others

Preferences

Certification as Senior Professional in Human Resources (SPHR) or Certified Compensation Professional (CCP)

Skills and Competencies

Ability to influence others

Able to work independently or in a team environment

Advanced assimilations of data and analysis

Advanced communication skills, both written and verbal

Advanced Excel skills (i.e., formula's, pivot tables, VLOOKUP, etc.)

Advanced leadership skills

Critical thinking/Problem Solving

Demonstrated negotiation skills

Excellent organizational and time-management skills

Independent judgement and reasoning

Position Type Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:
Minimum: $146,701.50 USD

Median: $199,860.00 USD

Incentive Pay Plans: This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance.Opportunity to participate in the Long Term Incentive Plan.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

Paid Vacation/Sick Time

401K with Company Match

Medical, Dental and Vision Benefits

Disability Benefits

Health Savings