Description:
With limited guidance, supports compensation program strategy, design, implementation, and administration. Collaborates with internal partners providing necessary tools and information in order to make informed decisions regarding compensation. Works independently on less complex issues involving employee base pay, and short and long-term incentives.
Responsibilities
- Completes job evaluations and benchmarks internal positions. Presents recommendations to business leaders and partners, with involvement from manager in more complex reviews or on more senior levels roles. Recommendation includes career level, salary grade and compensation targets when appropriate. Deepens understanding of client / industry strategy, understanding of our competition, and how business works to inform recommendations.
- Supports the analysis, design, and implementation of incentive plan designs. Partners with Finance, Human Resources, Risk Management and Business Executives in the review and/or redesign of incentive compensation plans. Ensures appropriate consideration of Sound Compensation Program and governance/ risk requirements
- Partners with HR and Finance on the annual compensation process. Completes analytics and presents findings to HR partners and present to business leaders with manager to ensure pay decisions align with Key's Compensation philosophy.
- Ensures compliance with relevant regulations and laws. May complete compliance testing of applicable risk related controls for compensation or benefits programs. Monitors applicable legislative developments. Identifies and escalates issues as necessary and may assist with issue resolution.
- Monitors market trends to gauge the effectiveness and competitiveness of Key’s incentive programs
- Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
- Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key.
Education Qualifications
- Bachelor's Degree (required)
- Human Resources, Business Administration, Finance or related discipline (preferred)
Experience Qualifications
- 3+ years HR, Finance or related field with an analytical focus (required)