Head of Total Rewards

Marqeta is on a mission to change the way money moves. We’re one of the earliest enablers of embedded finance, a market opportunity sized up in the trillions. Our card issuing platform provides unprecedented flexibility and control for companies to issue cards, authorize transactions, and manage payment operations in real time.   Marqeta is powering the most well known brands in the new economy (Block, Cash App, Affirm, Instacart, Doordash, Uber, Walmart, etc). Today nearly 8 out of 10 Americans use a product powered by Marqeta every week. This is the opportunity of a lifetime to work with innovators around the world and unlock equitable financial access for all.

Position Summary

Reporting directly to the Chief People Officer, the Head of Total Rewards will play a pivotal role in shaping and executing the company’s global total rewards strategy. This individual will lead our Compensation and Benefits functions, ensuring alignment with business objectives, market trends, and regulatory requirements. This role will play a strategic role providing counsel to senior leadership and directly interfacing with our Compensation Committee of the Board of Directors.

What You’ll Do

• Evolve and expand our total rewards strategy globally, ensuring that we attract, retain, and motivate our distributed teams.
• Lead the global design, implementation, and administration of competitive compensation programs, including base pay, variable pay, and equity incentives.
• Oversee the management of our employee benefits programs, ensuring they are competitive, cost-effective, and aligned with employee needs and company objectives.
• Conduct regular benchmarking and analysis to ensure our total rewards programs remain competitive in the market and support our talent acquisition and retention efforts.
• Partner with Finance and Legal teams to ensure compliance with all relevant regulations and governance requirements, particularly regarding executive compensation.
• Provide strategic guidance and recommendations to the Executive Leadership Team and the Compensation Committee of the Board of Directors on total rewards matters.
• In partnership with Legal and other internal People functions, ensure overall equity and diversity compliance globally. Manage EEO/AA compliance to include preparation, enforcement, and communication of Affirmative Action Plans and programs and timely required filings such as EEO-1 and Vets-100.
• Drive continuous improvement and innovation in our total rewards programs, leveraging technology and best practices to enhance efficiency and effectiveness.
• Lead, coach and develop a high-performing team of compensation and benefits professionals, fostering a culture of collaboration, accountability, and continuous learning, further developing future leaders.

What We’re Looking For

• 10+ years of  experience in total rewards, compensation, and benefits management, with further experience in a leadership role.
• Demonstrated expertise in designing and implementing global compensation and benefits programs within the tech industry, ideally in both large established organizations and growth companies.
• Strong understanding of executive compensation principles, including experience interfacing with the Compensation Committee of the Board of Directors.
• Strategic mindset with the ability to think analytically and translate business objectives into effective total rewards strategies.
• Hands-on approach with a willingness to roll up sleeves and dive into details when necessary.
• Excellent communication and interpersonal skills, with the ability to influence and collaborate effectively across all levels of the organization.
• High level of integrity, ethics, and professionalism, with a commitment to upholding confidentiality and compliance standards.

Typical Process

• Application submission
• Recruiter phone call
• Hiring manager video call
• Virtual “Onsite” consisting of 4-5, 45 min calls
• Offer!

Compensation and Benefits

Marqeta is a Flex First company which allows you to choose your best working environment, whether that be from home or at a company office. To support Flex First, we calibrate pay to a competitive value according to working location. Compensation is aligned according to three tiers within the United States:

• National: A baseline tier that applies to most of the geographic territory of the United States.
• Premium: Slightly elevated from the National tier, and oriented toward a narrower set of higher cost-of-living areas, such as Los Angeles CA and Seattle WA
• Premium Plus: A tier for the most expensive working areas, like the San Francisco Bay area and New York City.

Visit this page or consult with a Recruiter to determine which tier would be applicable to you.

When determining salaries, we consider several factors including, but not limited to, skills, prior experience, and work location. The new-hire base salary range for this position is:

• National: $181,650 - $291,200
• Premium: $204,375 - $327,600 
• Premium Plus: $227,000 - $364,000

We also believe in recognizing the contributions of our people. That’s why we award annual bonuses to eligible employees, rewarding both individual performance and the success of the entire company.

Along with monetary compensation, Marqeta offers

• Multiple health insurance options
• Flexible time off – take what you need
• Retirement savings program with company contribution
• Equity in a publicly-traded company and an Employee Stock Purchase Program
• Family-forming benefits, fertility support, and up to 20 weeks of Parental Leave
• Free therapy sessions, financial and professional coaching, and legal advice
• Monthly stipend to support our remote work model
• Annual “development dollars” to support our people growth and development