The Compensation Assistant Vice President will be part of the APAC Compensation team and will focus on improving the efficiency of our regional organization through the use of technology and business process. The incumbent will be responsible for leveraging State Street’s Workday HCM system to ensure integrity, quality and effectiveness of compensation information and processes.
Key Responsibilities
• Work collaboratively with the regional human resources team (Total Rewards, HRBPs and COEs) to ensure compensation program design complements all design and process initiatives across a complex matrix of requirements (various regulatory requirement, country regulations, etc.) • Work closely with the Compensation team in developing a deep understanding of business models, competitive positioning and growth opportunities. Gain insight into the regions unique business needs. Understand country-specific strategies.
• Regional compensation analysis and support of day-to-day management of deliverables, market data benchmarking, developing and maintaining pay ranges for relevant job families, and supporting offers and other compensation business processes.
• Provide regional support, as applicable, as part of the annual compensation review (Total Compensation Planning “TCP”), including communication, analysis and workflow activities.
• Ensure the flawless implementation of broad-based compensation programs including long term incentives, equity programs, perquisites, job structures, salary structures, base pay and annual bonus programs for a complex corporation.
• Perform standardized audits and data loads into Workday in order to maintain a high degree of data
• Act as a Subject Matter Expert for compensation support for a number of countries within APAC/EMEA
• Pro-actively identify areas for process improvement • Provide support on various aspects of APAC/EMEA remuneration regulation
• Focus on Risk Excellence and support the proactive and effective management of remuneration risk by the first line of defense
• Lead or support ad-hoc projects and provide support to the wider International and Global Compensation teams, as required
• Focus on client service delivery and relationship management
The Individual
• Exceptional analytical skills and experience working with large complex data sets and reports.
• Highly organized with the ability to pay persistent attention to detail
• Knowledge of standard Microsoft Office tools with advanced Excel skills.
• Effective written and verbal communication skills
• Problem solving skills as seen through the ability to apply systems/workflow thinking to solve business issues within HR practices.
• Experience interpreting data and presenting information and findings.
• Strong focus on client service delivery and building relationships, both internal and external Information Classification: General Information Classification: Limited Access • Ability to think strategically, prioritize and execute flawlessly. Innovative and astute with a good measure of common sense and sound judgement.
• Self-starter with a strong ability to work effectively with client and team members, balance multiple work streams and meet all deadlines
Education and Experience
• Bachelor’s and/ or master’s degree or comparable education
• 12-15 years relevant work experience; prior financial services experience will be an added advantage
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you. State Street is an equal opportunity and affirmative action employer.
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement