Human Resources Principal Executive Compensation Consultant

Welcome!

We invite you to explore the award-winning culture, people, rewards and opportunities that make Comerica Bank so special. Make your next career choice a confident one.

Qualifications

Job Qualifications:

• Bachelor's Degree from an accredited university in Human Resources, Business, Finance or related field
• 6 years of experience in Executive compensation. Banking or Financial Institution experience preferred
• 5 years of experience designing, implementing, and enhancing executive compensation programs and reporting
• 4 years of experience with ability to think independently and analytically and make sound recommendations
• 4 years of experience in clear oral and written communicator, with the ability to connect equally well at all levels of the organization and with key internal and external stakeholders. Must be able to relay crucial information in a digestible fashion
• 3 years of experience demonstrating ability to prioritize multiple requests and obligations to facilitate a smooth, organized workflow, while achieving committed results on time

Job Description

Principal Executive Compensation Consultant

The Principal Executive Compensation Consultant is responsible for aiding in the design, implementation, administration, and performance measurement of our executive compensation programs to attract, retain and motivate top talent. This role is highly autonomous with constant use of discretion on matters that result in significant organizational and/or financial impact. Helps to ensure our executive compensation programs and policies align with our organizational goals, industry standards, and stakeholder, regulatory and compliance expectations. Programs include base salary, annual and long-term corporate incentive plans, equity compensation programs, deferred compensation programs, and Board of Director pay. Partners with Finance, Tax and Legal to meet all required filing obligations, works with management to help align programs with accounting and/or regulatory changes and to manage costs.

Job Responsibilities:
Reporting Analytics

• Owns a variety of complex projects involving analysis, job mapping, project planning, and testing.
• Creates all Board Committee materials.
• Provides appropriate reporting to Finance, Tax and Legal in support of regulatory filings and disclosures.
• Coaches HR Consulting and/or business leaders on executive compensation programs and develops solutions to complex business needs.
• Owns proxy table reporting and board of director compensation programs.
• Summarizes proxy trends each year to drive improvement and implement best practices.
• Understands executive compensation best practices from various proxy advisor firms and large investment houses. Independently advises when programs may not align with expectations.
• Creates and develops reporting as necessary for ad-hoc requests and projects.
• Completes various ad-hoc projects as assigned.

Executive Compensation Program Development and Administration

• Autonomously reviews job, pay change and organizational requests, and consults with the business and HR Consulting on best approach.
• Ensures Board pay is appropriately implemented and administered, including coordination with HR Operations, Office of the CEO and Legal.
• Evaluates offers, counteroffers, above max offers, and retention strategies.
• Provides design insights and administers executive compensation programs including short and long-term incentives, deferred compensation, ESPP, perquisites, etc.
• Manages end-to-end Q1 planning, processes, system set-up, and execution.
• Conducts senior officer orientations to explain programs and answer questions.
• Must stay abreast of federal and state regulations and accounting rules impacting executive compensation.
• Updates and streamlines processes as appropriate to mitigate risk and compliance issues.
• Leads internal and external audit processes as appropriate.

Benchmarking

• Autonomously benchmarks internal jobs against market data and establishes senior officer leveling criteria.
• Conducts highly complex market reviews, and engages Incentive Compensation as needed to ensure alignment and appropriate use of business unit incentive (BUI) plans.
• Stays abreast of executive compensation trends to support and inform decision making.

Dimensions/Scope Data

• Position reports to the Director of Compensation.
• Responsible for managing executive compensation and equity programs for the organization.
• Manages vendors in relation to program administration.

About Comerica

We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.

Upon offer, Comerica conducts a comprehensive background and fingerprint check.

NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.