• Head of Compensation

    ID
    2018-6158
    Job Locations
    US-CA-San Francisco
    Category
    Human Resources
  • Overview

    The Head of Compensation will lead our Compensation team in the design, delivery, execution and measurement of compensation programs for First Republic Bank. This person will partner closely with the executives and business leaders to design and build scalable compensation operations as well as execute high impact compensation programs to help us attract and retain exceptional talent. This role will strategically partner with key stakeholders in all areas of the bank.

    Responsibilities

    First Republic is an ultra-high-touch bank that provides extraordinary client service. We believe that one-on-one interactions build lasting relationships. We move quickly to serve our clients’ needs so that their financial transactions are handled with ease and efficiency. Client trust and security are paramount in our line of business. Ultimately, our goal is unsurpassed client satisfaction which will lead to personal referrals – our number one source of new business.

     

    We recognize that our competitive advantage starts with our people and our culture. At First Republic, we work hard and move quickly as a very coordinated team. If you are looking for an opportunity to grow and contribute in a fun, fast-paced environment, First Republic is the place for you. We have exceptional people focused on providing extraordinary service.

     

    Responsibilities:

    • Partnering with the Executive team to drive compensation strategy and design formulaic and discretionary compensation plans in order to drive behavior consistent with the bank’s growth and strategic objectives
    • Partnering with the Chief Financial Officer to support Executive compensation and the financial accrual and reporting process.
    • Leading the monthly and quarterly incentive compensation payout cycles as well as year-end discretionary bonus and merit based salary process.
    • Developing specific programs to satisfy the US regulatory requirements for compensation specifically the Dodd-Frank Act (2010 Interagency Guidance).
    • Acting as a change agent among different stakeholders to drive the HR transformation strategy.
    • Developing and executing the plan to implement job framework, salary structure and market compensation data across the bank.
    • Partnering with Enterprise Risk Management and internal Audit to further enhance the overall risk and control framework for Human Resources compensation programs
    • Owning and leading all system and process improvement initiatives in compensation.

    Qualifications

     

    Key Skills, Knowledge & Abilities:

    • 12 to 15 years of experience in developing and managing compensation programs and operations in a high growth company
    • Bachelor’s degree with an emphasis in Human Resources, business administration, economics, finance, and statistics.
    • Experience in financial services or experience in Sales compensation a plus
    • Demonstrated leadership experience, managing and scaling compensation teams
    • Strong understanding of compensation best practices, current compensation trends, and market benchmark data.
    • Proven HR or Compensation transformation experience
    • Excellent communication and negotiation skills
    • Ability to be hands on with Excel, Data structures, Reporting & Analytics with SQL knowledge a plus
    • A deep commitment to excellent customer service, empathy and discretion

     

    Mental/Physical Requirements:

    • Vision must be sufficient to read data reports, manuals and computer screens.
    • Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
    • Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
    • Position involves sitting most of the time, but may involve walking or standing for brief periods of time.
    • Must be able to travel in a limited capacity.

     

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