Simplify Logo

Full-Time

Compensation Consultant

Vice President

Posted on 9/23/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$100k - $167.5kAnnually

Senior, Expert

Boston, MA, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Communications
Word/Pages/Docs
Mergers & Acquisitions (M&A)
Data Analysis
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
Requirements
  • Bachelor's degree is required
  • Minimum of 5 years of professional experience in a compensation or benefits role or equivalent experience in human resources, or other related roles in financial services
  • Highly collaborative team player with a process improvement mind-set
  • Strong problem solving, attention to detail, critical thinking, financial analytics and modeling
  • Strong verbal communication, and corporate/business writing
  • Strong MS Excel, proficiency in MS PowerPoint and MS Word
  • Financial Services or Consulting industry experience highly preferred
  • WorldatWork Certified Compensation Professional or related coursework/certifications (CCP, ACCP, GRP, CERP) a plus
  • Experience with Workday, benchmarking platforms (e.g., MarketPay, PayFactors) and market data, and comfort adapting easily to new technology tools is a plus
Responsibilities
  • Lead Compensation related activities for a specific Business Unit or Function
  • Responsible for base salary and incentive compensation planning, pool sub-allocation modeling, business client management, analysis of pay outcomes and other analysis
  • Build and work with detailed models and analyses based on large data sets to review and assess competitive pay positioning and other special projects (e.g., reorganizations, job architecture and mergers & acquisitions due diligence).
  • Exercise critical thinking and strong technical/business skills to synthesize the results of complex analyses into salient points for key stakeholders. Make data-driven recommendations.
  • Serve as a subject matter expert regarding skills, responsibilities, scope of roles, and appropriate alignment under State Street’s Job Architecture, internal compensation ranges, and external benchmarks. Conduct ad-hoc benchmarking requests, job analyses, and role evaluations.
  • Collaborate with State Street’s in-house Talent Acquisition team to develop competitive offers for internal and external executive and non-executive talent,
  • Support the implementation and execution of auditable processes that ensure risk excellence and compliance with State Street Global Total Rewards’ controls framework. This framework is informed by applicable laws and regulatory guidance in the jurisdictions in which we operate (e.g., FLSA, OFCCP, US Federal Reserve guidance, European Central Bank and Country-specific regulations and guidance, etc.)

State Street Corporation provides asset management and custody banking services to institutional investors, including mutual funds and pension funds. Its division, State Street Global Advisors, manages investment portfolios and offers advisory services tailored to clients' financial goals. The company distinguishes itself through its commitment to innovation and promoting diversity and inclusion within its workforce. State Street aims to deliver high-quality financial services while fostering a supportive and inclusive culture.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

N/A

Growth & Insights
Headcount

6 month growth

-8%

1 year growth

-8%

2 year growth

-8%
Simplify Jobs

Simplify's Take

What believers are saying

  • State Street's strategic acquisitions, such as stakes in BWP Trust and Australian Clinical Labs, indicate robust growth and expansion opportunities.
  • The company's exploration of blockchain-based payment solutions, including stablecoin and token launches, positions it at the forefront of financial technology innovation.
  • State Street's strong leadership team, with recent high-profile appointments, underscores its commitment to maintaining a competitive edge in the industry.

What critics are saying

  • The competitive nature of the financial services industry requires State Street to continuously innovate to maintain its market position.
  • Regulatory challenges and compliance issues, especially with new ventures like stablecoin and token launches, could pose significant risks.

What makes State Street unique

  • State Street's focus on institutional investors, including mutual funds and pension funds, sets it apart from competitors who may target a broader audience.
  • The company's commitment to innovation, such as exploring stablecoin and token launches, demonstrates its forward-thinking approach in the financial services industry.
  • State Street's emphasis on diversity and inclusion, highlighted by initiatives like WomenInFinance, distinguishes it as a leader in fostering a supportive and inclusive workplace.
INACTIVE