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Metropolitan Commercial Bank

Personal and business banking, lending services

Director of Total Rewards

Compensation & BenefitsPosted on Nov 13
Full-timeNew York, NY, USA$175k - $225k /yr

About the Job

Requirements

  • A bachelor's degree in Business, Finance, Human Resources, or a related discipline.
  • At least 10 years of relevant compensation and benefits experience, preferably within banking or financial services.
  • Experience building Total Rewards programs in a regulated and publicly traded environment.
  • Demonstrated expertise in compensation governance, executive compensation, job architecture, benefits, retirement, and wellbeing.
  • Knowledge of deferred compensation programs is preferred.
  • Ability to continuously learn how technological systems, including artificial intelligence, can enhance the work performed.

Responsibilities

  • Develop and recommend an integrated Total Rewards strategy, philosophy, and multi-year roadmap that gives equal strategic focus to compensation and benefits and aligns both with business strategy, workforce priorities, employee needs, affordability, and risk appetite.
  • Own the overall effectiveness of the Bank's Total Rewards portfolio, including program design, governance, financial sustainability, employee value, market competitiveness, and measurable outcomes across compensation and benefits.
  • Advise the CHRO, CEO, Compensation Committee, Board, and senior leadership through analysis, recommendations, disclosures, and decision materials covering compensation, executive rewards, benefits, retirement, wellbeing, and related risk considerations.
  • Serve as functional owner for job architecture and leveling, salary structures, market pricing, annual compensation programs, short- and long-term incentives, equity programs, and executive compensation, subject to applicable approval authorities.
  • Own the strategy, governance, and responsible stewardship of the Employee Stock Purchase Plan, balancing employee ownership and reward objectives with oversight of participation, share utilization, compliance, employee experience, and prudent use of the Bank's equity resources.
  • Lead compensation planning, modeling, and annual review processes, balancing external competitiveness, internal equity, individual contribution, business performance, affordability, and prudent risk management.
  • Establish compensation governance, decision standards, and controls that support consistent, equitable, and defensible outcomes, including pay-equity review, incentive-plan oversight, and documentation of exceptions.
  • Partner with independent compensation consultants and align practices with the Compensation Committee charter, applicable securities and banking requirements, proxy and regulatory disclosures, and documented governance procedures.
  • Partner with the HR Director to align compensation, career, performance, promotion, and talent frameworks so pay decisions reinforce role accountability, capability growth, and performance expectations.
  • Monitor compensation market practices, regulatory developments, and emerging reward strategies and convert relevant insights into recommendations for program design or governance changes.
  • Lead the strategy, design, administration, and continuous improvement of employee benefit programs, including medical, dental, vision, life insurance, disability, wellbeing, leave, and retirement programs.
  • Develop a comprehensive benefits and population-health strategy that improves employee value and outcomes while managing long-term cost, plan sustainability, and organizational risk.
  • Provide financial stewardship of benefit programs through budgeting, forecasting, utilization and claims analysis, cost management, plan-performance monitoring, and evaluation of return on investment.
  • Lead benefit and retirement vendor strategy, including consultant and carrier relationships, contract negotiations, service expectations, performance reviews, renewals, and accountability for corrective action.
  • Oversee 401(k) plan administration and governance, including operational compliance, fiduciary support, employee education, and participation in applicable management committees.
  • Own leave-program design, policy, vendor strategy, and regulatory requirements; establish standards for leave administration; and partner with Talent Operations on employee transactions, systems, payroll coordination, and service delivery.
  • Ensure compliance with applicable compensation, benefits, retirement, and leave requirements, including ERISA, COBRA, FMLA, and other federal, state, and local obligations, and maintain audit-ready documentation and controls.
  • Define and approve authorized compensation, incentive, benefit, and deduction inputs for processing by Talent Operations through payroll and HR systems, with evidence of appropriate approval.
  • Partner with Talent Operations to maintain controls over transmission, validation, and implementation of approved Total Rewards inputs; periodically reconcile outcomes to approved programs while Talent Operations retains accountability for payroll processing and operational controls.
  • Define business requirements for Total Rewards technology, data, reporting, and Workday processes; Talent Operations owns configuration, integrations, security, and technical administration.
  • Establish balanced Total Rewards dashboards, key performance indicators, and executive reporting that provide comparable visibility into compensation and benefits effectiveness, cost, competitiveness, equity, employee value, utilization, risk, and operational performance.
  • Translate complex compensation, benefits, utilization, market, and financial data into actionable recommendations and clearly communicate tradeoffs, risks, and expected outcomes to senior leaders and governance bodies.
  • Build capability and accountability across the Total Rewards team, promote collaboration with Finance, Legal, Risk, Payroll, Talent Operations, and business leaders, and ensure compensation and benefits receive appropriate expertise, capacity, and leadership attention.

Desired Qualifications

  • Knowledge of deferred compensation programs.

About the Company

Metropolitan Commercial Bank

Personal and business banking, lending services

Metropolitan Commercial Bank serves individuals and businesses in the New York metro area with personal and business banking, including checking and savings accounts, online banking, lending, and treasury management to help manage cash flow and risk. For fintechs, the bank provides a developer portal with APIs to integrate banking services, while it handles large-scale payments processing and digital regulatory compliance. The bank differentiates itself through industry-focused solutions, a fintech-friendly toolkit, and leadership in payments and compliance. Its goal is to be the preferred bank for both individuals and businesses in the region by offering tailored banking services, efficient payment capabilities, and accessible technology integration.

Company size
201-500
Company stage
IPO
Headquarters
New York City, New York
Founded
1999

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