Compensation Advisor II - Corporate and Control Functions

Work Location:

Mount Laurel, New Jersey, United States of America

Hours:

40

Pay Details:

$86,840 - $130,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. 

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line of Business:

Human Resources

Job Description:

The Compensation Advisory Group, within the Global Total Rewards Group, is TD's in-house Compensation consulting team that provides advice and tailored compensation solutions for each business group based on their respective strategy and business requirements. The Compensation Advisor II will manage the day-to-day relationship with our various partners and lead customized solutions aligned to the strategic requirements within the assigned portfolio.  In this capacity, this role will interface with the business leaders, our various HR partners (Human Resources Business Partners, HR Advice channels, Talent Acquisition, HR Operations), as well as Finance and the Governance & Control teams to provide direction on both individualized complex total rewards requests, the management, design and oversight of incentive plans, and project-based reviews.

Depth & Scope:

• Collaborates with internal and external partners to manage the effective development, implementation, and ongoing delivery of Total Rewards solutions, while ensuring alignment with the broader HR strategy
• Maintains a thorough understanding of the portfolios' strategic direction, ensuring alignment of business specific compensation programs with established enterprise Total Rewards principles and objectives
• Leads and manages end-to-end activities for the assigned portfolio, including day to day compensation advisory and counsel, complex compensation design, ongoing forecasting and monitoring of plan health, competitiveness, and alignment to the business strategy
• Actively monitors trends in the competitive market with a solid understanding of the external comparative organizational structures, ensuring both compensation designs and pay level opportunities allow the attraction and retention of qualified talent
• Leads strategic discussions on plan design and conducts complex modeling, stress-testing and analysis for the purposes of compensation design
• Develops written materials on program design and impact that is reviewed by the various Conduct Risk Committees and the HR Committee of the Board, as applicable
• Prepares and provides guidance and interpretation of analysis, forecasting and summaries on compensation matters, including advice and support on questions of policy and interpretation of plans
• Independently manages year-end compensation for the assigned portfolios, including market data intelligence by monitoring participation in salary surveys to ensure competitive compensation as well as alignment with business strategy and compensation philosophy
• Actively participates in compensation advisory projects engaging multiple stakeholders in flow of information/assignments across functions using well-established project planning and change management skills, including managing the communication requirements
• May provide guidance to Compensation Advisor I positions

Education & Experience:

• Undergraduate Degree or equivalent experience
• 7+ years of related experience
• Strong consulting, problem-solving and analytical skills
• Experience in a numerical/analytical capacity with the ability to model, review and analyze data and present findings to senior business leaders
• Strong written and verbal communication skills with ability to tell a compelling story with data to create persuasive recommendations
• Ability to lead and conduct modeling/stress-testing/analysis for the purposes of compensation design
• Impact and influencing skills with an ability to persuade members from other areas to obtain cooperation in achieving objectives
• Working knowledge of local, state and national laws and regulations pertaining to compensation programs, in partic