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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

The Senior Compensation Consultant provides comprehensive consulting in support of aligned business areas within Consumer and Small Business Banking at Truist to ensure the effective delivery, communication, and administration of compensation programs and practices including job attributes, pay structure, incentive plans, and annual processes.

* Position required to be in the office 4 days per week.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Provide consultation, advice and creative solutions, driven by business acumen and market intelligence, for a wide range to the most complex of compensation initiatives. Analyze complex, small/large scale, and short/long-term compensation needs to support business and total rewards priorities and strategies.

2. Build strong partnerships and collaborate across the organization to effectively influence compensation related decisions in alignment with Truist’s compensation strategy. Key partners include total rewards, business leaders, human capital enablement partners, finance, talent acquisition, and control partners, among others.

3. Skilled in project management to lead line of business and enterprise complex projects responsible for aspects of design, implementation and readiness/communication. Attention to detail to influence and improve processes.

4. Perform analysis and communicate compensation-related items to key partners to ensure consistent and equitable establishment across the enterprise; this may include market pricing/grading/assessment of exempt and nonexempt positions, job offer consultation, organization design, annual award reviews, and other special projects.

5. Consult on variable short-term and long-term incentives to ensure teammates are incented appropriately and aligned to market.

6. Communicate, interpret, and apply compensation policies, procedures, and regulations to make decisions in support of initiatives and the execution of deliverables. Effectively manage risk in Total Rewards through awareness, identification, escalation and mitigation.

7. Mentor and coach other compensation professionals on the team.

QUALIFICATIONS

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Bachelor's degree or equivalent or an equivalent combination of education and experience

2. 8 years of demonstrated specialized and/or broad knowledge with Compensation or related discipline (Human Resources, Finance, etc.)

3. Ability to lead projects of significant complexity and risk exposure and to exercise judgment in solving technical, operational, and organizational challenges in the context of business objectives and priorities

4. Demonstrated ability to partner with business to understand business needs and develop suitable compensation / incentive programs

5. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products

Preferred Qualifications:

1. Previous experience as a compensation professional in a complex organization

2. Experience working in the financial services industry

3. Experience working in Consumer Banking

4. Professional certification in HR related discipline (CCP, SPHR, PHR, etc.)

5. Experience working with HRIS systems and Market Data tools (Payfactors)

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/)

. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

EEO is the Law (https://www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf)

Pay Transparency Nondiscrimination Provision (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdf)

E-Verify (https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify_Participation_Poster_ES.pdf)