Line Of Business Compensation Manager

Location:

4900 Tiedeman Road

• Brooklyn, Ohio 44144-2302

Job Summary

Responsible for the design and implementation of base, short-term, and long-term incentive programs for specific businesses under the supervision of the Head of Compensation. Leads the design and implementation of incentive compensation plans that align with the strategy and risk appetite of the relevant business. May be responsible for compensation related infrastructure, including pay structure maintenance, year-end compensation cycle planning and preparation, market benchmarking tools, regulatory compliance requirements (e.g., minimum wage, salary inquiry ban), and other tools and resources for the broader Compensation Team.

Responsibilities

• Engages and consults with Leaders and Executives, HR Directors, Finance Directors, Risk and other stakeholders to implement and manage compensation programs for assigned lines of business (LOBs). Partners with LOBs on annual compensation processes, job evaluations, and other projects. May prepare and assist with related communications. Seeks input from Head of Compensation on complex matters.

• Proactively and autonomously manages components of enterprise level projects; defining scope and priorities. Researches and recommends contemporary compensation practices including partnering with consultants for relevant insights and market practices.

• Leads the annual incentive compensation plan design process for relevant LOBs and ensures alignment to enterprise strategic initiatives. Partners with leaders, Risk, Finance, HR, and Legal. Ensures compliance with enterprise incentive governance, and alignment to compensation strategy across the bank through compensation leadership.

• Manages, coaches and develops 1-2 analyst team members on both technical and consulting skills. Makes all relevant personnel decisions (hiring, performance management, compensation, etc.) with approval from Head of Compensation. May be first time people manager and developing leadership skills including people management, delegation and prioritization skills for self and direct reports.

• Generates solutions and approaches beyond the standard practice. Demonstrates a continuous improvement mindset and motivates the team to apply the same to all aspects of the work.

• May be responsible for infrastructure support of the compensation function, including MarketPay for pay benchmarking surveys, grade structure maintenance and governance, year-end compensation cycle preparation (planning annual comp cycle calendar, partnering with IC administration, finance and HR Business partners developing training, communications, and manager materials)

• Supports and partners on deliverables for the Sound Compensation Program, a regulatory program focused on balancing risk and reward in Key's approach to incentives compensation. This includes covered employee review, incentive compensation effectiveness, and the annual risk assessment of incentive plans.

• Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice

• Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key's clients and Key.

Education Qualifications

• Bachelor's Degree Human Resources, Business Administration, Finance or related discipline. (required)

Experience Qualifications

• 7+ years HR, Finance or related field with an analytical focus (required)

Tactical Skills

• Generates solutions and approaches beyond the standard practice.

• Demonstrates a continuous improvement mindset and motivates the team to apply the same to all aspects of the work.

• Ability to convey technical material in a concise and effective manner.

• Skilled & experienced with building Microsoft Excel data analysis and graphs and executive level Microsoft Power Point presentations. Can coach other on analysis.

• Project management, planning and organization.

Personal Skills

• Collaboration: Supports a culture of collaboration and implements methods for people to come together to make decisions, solve problems, and develop products/service; establishes shared goals to foster collaboration and ensures everyone can access the same information and provide input

• Influence: Demonstrates the ability to influence and impact even when holding a position contrary to the majority through collaborative assessments that persuasively influence decision makers; may coach and advise on techniques to build rapport and commitment

• Adaptability: Helps others adapt to changing environments and accepting new situations while working effectively with unstructured teams, situations, or environments; leverages prior experience as a help towards handling change and an atmosphere of ambiguity and uncertainty

• Critical Thinking: The ability to analyze and discuss various alternatives with stakeholders while differentiating between content and context of decisions; may coach others on critical thinking skills

• Resilience: The ability to navigate a way out even when presented with multiple issues and repeated failures; may coach others and demonstrate how to build and practice resilience through mindfulness and related organizational interventions

Practical Skills

• Analytical Thinking: Identifies any possible causes for a problem based on prior experience and current research; seeks discrepancies and inconsistencies in available information and explains variances

• Business Acumen: Demonstrates a big picture understanding of the business, its interrelationships, and priorities; demonstrates strong foundations of business fundamentals, measurement, and business finance

• Change Navigation: Introduces change initiatives that target continuous improvement of significant organizational capabilities and implements strategies for renewing or deepening change efforts

• Oral & Written Communication: Develops a clear, complete understanding of needs and problems through careful listening, probing, reflecting, and summarizing; conducts discussions that are sincere and fully expressed

• Constructive Debate: Effectively guides participants to rethink their current views and makes a good-faith effort to persuade them by leveraging active listening, probing, and strong, fact-based opposition

Core Competencies

• All KeyBank employees are expected to demonstrate Key's Values and sustain proficiency in identified Leadership Competencies.

Physical Demands

• General Office

• Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.

Job Posting Expiration Date: 07/06/2024

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.