Compensation Lead – Corporate Functions/Shared Services

Key Responsibilities

• Assumes responsibility for the U.S. Compensation advisors/staff, systems, policies, and procedures according to established Company procedures and applicable legal and regulatory guidelines; Directs staff in the planning, administration, and implementation of various programs, plans, and activities; Assists with the development and implementation of successful base pay, variable pay, long term, executive, and specialty programs
• Manages staff directly and through subordinate managers; provides direction, sets goals and ensures that various areas manage toward overall division and region/group objectives; Leads the development and implementation of lending strategies, policies and goals, including budget in coordination with other division and region/group management
• Ensures internal equity, external competitiveness, and legal compliance of Compensation programs; Provides department and corporate context and vision for business partner and subordinate leadership activities
• Works cross-organizationally with HR Business Partners and departments to ensure compensation plans and practices meet the needs of the Company; Partners with executive management to develop any necessary changes in Compensation policy or plans based on business requirements
• Participates in the development and implementation of base and variable compensation programs; manages program costs within corporate budget goals and objectives
• Participates in the determination of Companywide and region-specific pay structures and ensures consistency in application of job evaluation processes; Acts as an advisor and consultant to executive management in the development of organizational and pay structures
• Recommends new and modified long term and short term compensation plans to management to enhance competitiveness and equity
• Oversees the development of budget assumptions and recommendations for the Company salary expense budget; Collaborates with Finance Department on Budget tracking addressing variances and recommending corrective action where appropriate
• Maintains knowledge of best practices in compensation by attending conferences/seminars and through independent research
• Participates in special projects and performs additional duties as required

Qualification & Requirements

Education & Experience

• 4 Year Degree or equivalent experience
• 7+ Years of related experience
• Previous Compensation management experience a must
• Expert knowledge of compensation principles and practices
• Excellent change management and project management skills
• Demonstrates ability to delegate authority and responsibility
• Demonstrates ability to communicate with and consult with all levels of Company management
• Strong background in analytical and statistical mathematics
• Strong written and oral communications skills
• In depth knowledge of organizational structure and business policy
• Some travel required

Preferred Qualifications

• Ability to effectively manage competing priorities with complexity and ambiguity in large, matrixed, and fast-paced organizations.
• Expert stakeholder, consulting, relationship management and communications skills

Benefits

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.