About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
The Global Head of Corporate Groups is responsible for leading the design, implementation and execution of compensation programs and policies that support the business priorities and strategy. This role serves as a subject matter expert in base, variable compensation, job evaluations, market pricing and compensation analytics. The role ensures that all compensation structures support business objectives, are competitive to market, compliant with regulatory standards, and aligned with the firm’s total rewards philosophy. This role will work closely with HR Business Partners, Talent Acquisition and Senior Business Leaders and Global Total Rewards team.
Key Responsibilities:
- Serves as a trusted compensation advisor, providing guidance to HR Business Partners, Talent Acquisition, and business leaders on complex compensation matters.
- Develops creative compensation solutions that align with business needs and regulatory requirements, including strategies to support talent acquisition and retention. Recommends practical alternatives to address complex compensation challenges.
- Guides HR partners and leaders on retention situations, off-cycle adjustments, internal moves, reorganizations, and other pay decisions, balancing external market data, internal equity, business priorities, affordability, and governance requirements.
- Monitors external compensation practices, labor market developments, and relevant regulatory changes; assess implications and recommend appropriate responses.
- Leads the design, implementation, and execution of innovative and competitive compensation strategies for the Corporate Groups, including incentive, and market analysis.
- Leads and supports the global annual compensation review cycle, including budget and allocation, compensation planning, data validation, market and pay-equity analysis, stakeholder communications, manager and HR enablement post-cycle review.
- Partners closely with senior business leadership, HR business partners and other primary stakeholders to align compensation programs with business goals and regulatory requirements.
- Develops executive-ready analyses and materials that convert complex compensation data into clear findings, alternatives, risks, and recommendations.
- Collaborates on compensation communications and training for HR teams and Managers and partners.
Skills/Qualifications:
- 10+ years of progressive compensation experience, preferably within the financial services industry.
- Strong compensation consulting and stakeholder management skills, with the judgment to develop, explain, and defend recommendations.
- Strong analytical and critical-thinking skills; able to work with complex data, identify material themes and risks, develop alternatives, and translate findings into actionable recommendations.
- Demonstrated business acumen and ability to connect compensation decisions to talent, workforce, financial, risk, and business considerations.
- Strong written, verbal, presentation, and facilitation skills, with the ability to communicate effectively with HR partners, managers, and senior leaders.
- Strong project management and change management capabilities, including the ability to organize work across multiple stakeholders, priorities, countries, and workstreams.
- Advanced Microsoft Excel and PowerPoint skills, with proficiency working with large datasets, analytical models, and executive-ready presentations.
- Demonstrated experience in job evaluation, job architecture, market pricing, benchmarking, salary structure design and development, pay for performance, short and long-term incentive compensation.
- Ability to solve highly complex problems through quantitative and qualitative analysis in a team-based environment.
- Critical attention to detail - demonstrated ability to consistently deliver at a high level of accuracy.
#LI-Hybrid
Salary Range:
$137,400 - 240,400 USDSalary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Work Authorization
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
Working with 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. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
Skills Required
- 10+ years of progressive compensation experience
- Experience preferably within the financial services industry
- Strong compensation consulting and stakeholder management skills
- Strong analytical and critical-thinking skills
- Business acumen connecting compensation decisions to talent, workforce, financial, risk, and business considerations
- Strong written, verbal, presentation, and facilitation skills
- Strong project management and change management capabilities
- Advanced Microsoft Excel and PowerPoint skills
- Experience working with large datasets, analytical models, and executive-ready presentations
- Experience in job evaluation, job architecture, market pricing, benchmarking, salary structure design and development, pay for performance, and short- and long-term incentive compensation
- Ability to solve highly complex problems through quantitative and qualitative analysis
- Critical attention to detail and consistently high accuracy
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — A 401(k) with company match alongside an employer‑funded defined‑benefit pension is highlighted in employer‑verified materials and filings, setting the retirement package apart from many private employers.
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Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
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Parental & Family Support — Company sources and postings reference paid parental and caregiver leave and recent enhancements to parental benefits, indicating meaningful family support within the package.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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