Head of Compensation and Benefits (NYC or Chicago)

Posted 12 Days Ago
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New York, NY
Senior level
Financial Services
The Role
Lead compensation strategies to ensure market competitiveness and support business objectives. Oversee compensation activities, benchmark policies, analyze salary data, present findings to leadership, and manage benefit programs. Collaborate with HR team to optimize compensation and maintain high morale within the department.
Summary Generated by Built In

SUMMARY 

The Head of Compensation and Benefits will lead the overall strategic direction for compensation programs that are market competitive while supporting overall business objectives while working collaboratively and providing advice and recommendations on competitive compensation. 


This individual will report to the Chief Human Resources Officer, work within Human Resources, and will engage regularly with leadership from all departments. 


As an onsite/hybrid employee, you are expected to be in the office on Tuesdays, Wednesdays and Thursdays. 


RESPONSIBILITIES 

  • Develop, recommend, and communicate a comprehensive remuneration and reward strategy for the organization.. 
  • Spearhead all compensation activities including structuring and administering long and short-term incentive programs as well as analyzing, compiling, and reviewing data in support of salary adjustments. 
  • Conduct continuing study of all Human Resources compensation policies and programs to keep management informed of necessary additions, deletions, and modifications. 
  • Strategically benchmark current compensation and benefits against the macroeconomic environment and industry patterns to ensure that we are fair, equitable and attractive.  
  • Develop, enhance, analyze, and maintain salary administration databases and tools, salary spreadsheets, statistical graphs, and other compensation-analysis tools.
  • Oversee compensation presentations to decision makers and communicators offering advice regarding the year-end performance process in collaboration with HR Business Partners. 
  • Oversee benefit programs, annual benefit enrollment process, administration of leaves of absence and COBRA along with compliance testing and audits for the 401k plan. 
  • Foster high morale and collaboration within the department. 

 

EDUCATION, SKILLS AND EXPERIENCE REQUIREMENTS 

  • Bachelor’s degree with 10+ years of HR, compensation, and/or equity experience. 
  • Experience in financial services industry or a high growth public company. 
  • Understanding of carried interest as a compensation tool.
  • Applied experience with HRIS technology. Workday HCM expertise preferred. 
  • Superior consultative, collaborative, analytical, and organizational skills are critical. 
  • Highest degree of integrity and ability to maintain confidential information. 


It is expected that the annual base salary range for this position will be $175,000- $250,000.  Actual base salary may vary based on factors such as individual's experience, skills, and qualifications for the role.  Employees may be eligible for a discretionary bonus based on factors such as individual, team, and company performance as well as a comprehensive benefits package.


In terms of cultural fit, the successful candidate will be self-motivated and energized by working amongst a group of thoughtful, smart, fast-paced, and successful colleagues. The individual will be responsive and have a natural sense of urgency and collaboration, communicating with everybody. He or she will enjoy being a part of an organization focused on excellence and will be a naturally collaborative individual who enjoys interacting with individuals at all levels.  Additionally, he or she will be a strong team player with a proactive approach and the ability to take initiative with discretion and judgment.




ABOUT THE FIRM


GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $79 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies.


The firm has specialized in alternatives for more than 52 years and has a diverse, engaged team of approximately 530 professionals serving a global client base. We are proud to offer our employees a comprehensive benefits package focused on health and wellness, retirement planning, and diversity and inclusion. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney. For more information, visit: gcmgrosvenor.com.


EQUAL OPPORTUNITY EMPLOYER M/F/D/V

Top Skills

Workday Hcm
The Company
HQ: Chicago, IL
545 Employees
On-site Workplace
Year Founded: 1971

What We Do

GCM Grosvenor (NASDAQ: GCMG) is a global alternatives investment firm with approximately $71 billion in assets under management in private equity, infrastructure, real estate, credit, absolute return strategies, and multi-asset class opportunistic investments. The firm has specialized in alternatives since 1971, and is dedicated to unlocking value for clients by leveraging its cross-asset class and flexible investment platform.

GCM Grosvenor’s experienced team of approximately 500 professionals from diverse backgrounds serves a global client base of institutional and high net worth investors. The firm is headquartered in Chicago, with offices in New York, Los Angeles, London, Frankfurt, Tokyo, Toronto, Hong Kong, and Seoul. In 2020, GCM Grosvenor was named among the Best Places to Work in Money Management by Pensions & Investments.

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