Fifth Third Bank Compensation Consultant. in CINCINNATI, Ohio
Fifth Third Bank is one of the top-performing banks in the country, with a heritage that spans more than 150 years. We've staked our claim on looking at things differently to making banking a Fifth Third Better. This applies to our relationships with customers and employees alike.
We employ about 18,000 people, and what we offer is:
# A chance for employees to build their future, with supportive career development and financial wellness programs.
# An environment where we win together. We celebrate achievement and work collaboratively. We're also a three-time Gallup Great Workplace honoree.
# An invitation to impact lives in a positive and lasting way. Everything we do is geared toward improving lives. That's fun and exciting.
It comes down to the fact that Fifth Third is a warm and caring place to with which to grow # as a customer or as a team member.
At Fifth Third Bank, the Human Capital division provides strategic human resources functions to attract, develop, retain and engage a skilled and diverse workforce. We are a team of professionals who strive to provide the best opportunities in the marketplace and be recognized as an Employer of Choice. We are focused on operational excellence, culture and talent optimization to support the needs of our business and realize a vision to have the highest performing talent in roles critical to achieving our Bancorp objectives.
GENERAL FUNCTION: Consults with clients and partners to design, evaluate, implement, and manage the base and incentive compensation programs for assigned client groups. Ensures alignment between compensation programs, compensation philosophy andbusinessstrategy. Collaborates with other compensation team to ensure consistency. This role may be focused on plan management, LOB compensation, or a combination of both for LOBs of medium complexity. Leads all or portions of incentive design teams.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensuresthatactions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES & RESPONSIBILITIES:
. Collaborates with business partners to conduct job evaluations/market pricing and consult regarding incumbent pay decisions. Provides guidance on the interpretation of compensation program guidelines.
. Leads and/or participates on incentive design teams with business partners from line of business management, HR, Risk and Finance to design, analyze, and model incentive plans that support the business strategy.
. Administers plan payouts, exceptions and accruals for a LOB of high complexity.
. Completes assessments of the impact and effectiveness of compensation plans.
. Participates in market surveys and analyzes results to determine organization's competitive position.
. Provides support for the annual compensation planning processes, including salary structure update, merit increases, incentive awards, and stock grants. Identifies areas for improvement and efficiencies. Consults with HRBPs oncompensationrecommendations.
. Performs highly complex financial and trend analysis and prepares standard quantitative and operational reports to support sales force effectiveness and sound compensation decisions. Investigates, resolves and documents unusual items. Summarizesandleads discussion of results with partners.
. Proactively identifies, builds and maintains effective working relationships with partners to build influence.
. Provides support for M&A-related compensation program transition.
. Participates in risk review and audit process by preparing and presenting accurate documentation.
. Ensures compliance with government regulations.
. Leads and/or participates in projects as assigned.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
. Bachelor's degree in HR, Business Administration, Finance, or related field or equivalent experience. Master's degree a plus.
. WorldatWork CCP designation preferred or demonstrated progress toward attainment.
. Four or more years of experience in related areas (financial analysis, HR analytics, incentive administration, etc.)
. Minimum of 2 years prior compensation experience in the areas of job evaluation, merit planning and administration, compensation survey participation, analysis and/or incentive design.
. Financial services industry experience preferred.
. Strong compensation design fundamentals.
. Strong business acumen.
. Ability to perform independent in-depth analysis.
. Strong mathematical/quantitative reasoning skills.
. Excellent verbal, written, and interpersonal skills.
. Strong PC skills (Excel, Access, Word) proficiency required.
Fifth Third Bank is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.