Global Head of Total Rewards and Workforce Analytics

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Role/ Department: Global Head of Total Rewards and Workforce Analytics

The world is changing rapidly and so are our clients' needs. To continue to Achieve Greater and provide outstanding products and services, our employees (or partners as we refer to them) need resources to learn, grow and stay engaged. Our talented workforce is embracing new ways of working, exploring innovative digital technologies, leveraging data and analytics, sharpening their skills, and fostering an inclusive environment to unlock potential and productivity. The Head of Total Rewards and Workforce Analytics will play a crucial role in bringing our employee value proposition to life.

WHY US

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Career growth and movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve. Our talented, driven and energetic people are truly changing the face of Northern Trust. The speed with which we work, the influence of each partner and the focus to positively change the client and employee experience is our common passion. People are our greatest asset, so if you have a genuine desire to work in a fast-paced, inclusive environment which requires teamwork, well-honed problem-solving skills, deadline management, ongoing and comprehensive communication, constant attention to detail, and a commitment to continuous improvement then seek no more!

WHO YOU ARE

Reporting to the Global Chief Human Resources Officer and a member of the HR Leadership Team, the Head of Total Rewards and Workforce Analytics will have in-depth human resources management experience in a global, highly matrixed, complex business environment. This partner will have deep analytical experience and extensive experience leading teams, demonstrated ability to engage with senior level leaders and executive stakeholders, develop strategic plans, and possess expertise in the re-engineering, simplification and creation of end-to-end total rewards strategies and solutions that effectively support the company's mission and strategic corporate objectives.

WHAT YOU'LL DO

This role will lead a global team responsible for directing the planning, design, financial management, communication and administration of executive compensation, broad-based compensation, benefits, and global mobility programs and plans. This is a highly visible senior role which will be accountable for our global Total Rewards strategy and delivering against it. The role will also oversee our Workforce Analytics team which provides people insights to inform HR and business decisions.

Primary duties include:

• Assess current state of organization to identify opportunities to enhance the way in which Northern Trust partners perceive and leverage total rewards offerings, with an eye towards aligning our programs and plans to industry best practices.
• Lead team in preparing for and executing on the successful transition to a new HCM platform (Workday), including implementation of revised job architecture and compensation planning capabilities.

• Have a continuous focus on re-engineering, simplification and digitalization of processes in order to enhance Total Rewards brand and utilization of programs and offerings.
• Engage key stakeholders to prioritize deliverables for the team that will support broader HR priorities and our strategic corporate objectives; oversee successful execution of programs and solutions.
• Partner closely with the DE&I organization to ensure the advancement of our DE&I strategy through Total Rewards programs in support of pay equity and inclusive benefits for our global workforce.

• Function as a strategic business advisor to the Human Capital & Compensation Committee of the Board of Directors and have strong direct interactions with the Chief Financial Officer, Chief Risk & Compliance Officer related to compensation, benefits, and global mobility topics.
• Oversee annual compensation planning and budgeting process including all forms of compensation for all Northern Trust partners recommending budgets, managing incentive pool allocation, developing manager planning tools, communicating with key stakeholders the planning process, and analyzing and reporting results.

• Oversee regular benefits benchmarking processes and ensure that significant risks and opportunities are identified, and program expense is accurately forecasted based on best available information.

• Have a strong pulse on global immigration laws and regulations to strategically support global mobility of top talent around the company.
• Oversee Workforce Analytics to increase synergies and collaboration on how to leverage data to improve decision making and productivity across the function.
• Responsible for financial and staff planning, including developing and managing capital and expense budgets, and has accountability of performance and profitability of the area.
• Continuously coach, guide, and develop your own direct reports and managers to promote strong engagement and an inclusive and empowered team culture.

Qualifications & Competencies:

• Prior experience leading a Total Rewards function in a global Financial Services institution
• Exposure to all aspects of designing, implementing, and administering total reward programs, including pertinent tax, accounting, legal disclosure, vendor selection and management, and regulatory and governance considerations
• Specific and deep knowledge of incentive programs and administration within wealth management sector.
• Previous experience designing and administering executive compensation programs, including presenting to outside directors
• Prior experience with Workday HCM platform highly preferred
• Certification in compensation and/or benefits, preferred
• Highly collaborative with strong relationship management skills and ability to influence across senior stakeholder groups
• Ability to deliver results through others with a keen eye towards quality oversight and execution
• Excellent written and oral communication skills and strong executive presence
• Demonstrated critical thinking, analytic, leadership and organizational skills
• Agile in approach and thrives in a fast-paced, dynamic global work environment

Hybrid: We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected].

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.