The Eq & Def Comp Administrator - Senior Manager accomplishes results through the management of professional team(s) and department(s). Integrates subject matter and industry expertise within a defined area. Contributes to standards around which others will operate. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the entire function. Requires basic commercial awareness. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Has responsibility for volume, quality, timeliness and delivery of end results of an area. May have responsibility for planning, budgeting and policy formulation within area of expertise. Involved in short-term planning resource planning. Full management responsibility of a team, which may include management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary and terminations and may include budget approval.
Responsibilities:
- Aids in ensuring that the firm has competitive and cost effective reward policies and practices.
- Responsible for developing and executing the firm's reward strategy, manage the key areas of rewards & benefits and liaise with third parties to develop a consistent best practice approach.
- Ensures that reward practices are compliant with the relevant regulatory recommendations and requirements are also covered in this function.
- Applies an in-depth technical expertise in Equity/Deferred Compensation principles, practices and procedures in the completion of complex compensation assignments with potential for broad business impact.
- Manages the vesting and share delivery of Citi's global stock award programs, including the treatment of awards upon separation from the company.
- Collaborates and has ownership in processes which may include but not limited to; Retirement Eligibility (accelerated FICA), annual vestings, case management, creation of stock awards, and deferred compensation, award reconciliation, preparation and distribution of communication and award agreements.
- Serves as a subject matter expert in their field and uses expertise to run meetings with vendors as well as internal groups such as Finance, Tax, and Payroll.
- Tracks and processes awards for participants with certain changes in employment status.
- Conceptualizes and works with Information Technology team to incorporate new equity/deferred comp programs and/or changes within the existing recordkeeping applications.
- Partners with Payroll, Tax, Legal and Finance to ensure proper reporting of plan activity, and compliance with current legislation.
- Ensures all processes are completed with accuracy and within required timeframes. Ensure compliance with program provisions and legal and tax regulations. Review and reconcile all data to ensure accuracy. Reviews and analyzes daily and weekly processing and exception reports.
- Identifies and implement process improvements.
- Acts as subject matter expert on the vesting process for equity compensation initiatives and projects, including the development, testing and implementation of a new equity administration system.
- Develops and deliver communications to participants and HR related to vesting events. Develop and deliver presentations to Human Resources and Global Equity Coordinators.
- Provides superior customer service to program participants and Human Resources. Resolve escalated issues for clients.
- Manages a team or multiple teams of Compensation professionals. Responsible for hiring, compensation, performance appraisals, staff development, training, etc.
- Additional duties as assigned
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications:
- 6-10 years of experience
- Proficient in Microsoft Office with an emphasis on MS Excel
- Self-motivated and detail oriented
- Proactive leadership and motivational skills
- Consistently demonstrates clear and concise written and verbal communication skills
- Proven influencing and relationship management skills
Education:
- Bachelor’s/University degree, Master’s degree preferred
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Job Family Group:
Human Resources
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Job Family:
Compensation & Benefits
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Time Type:
Full time
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Primary Location:
Tampa Florida United States
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Primary Location Salary Range:
$100,430.00 - $150,650.00
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Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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