Navy Federal Credit Union

Assistant Vice President, Compensation

Navy Federal Credit Union

full-time

Posted on:

Origin:  • 🇺🇸 United States • Virginia

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Job Level

Lead

Tech Stack

CloudOracle

About the role

  • Lead and inspire the Compensation Delivery Team as a key member of the Navy Federal Compensation Leadership Team
  • Partner to develop best-in-class compensation strategies and practices that attract, reward, recognize, and motivate a diverse workforce
  • Oversee execution of strategic delivery objectives aligned to Navy Federal’s goals, mission, and vision
  • Manage and evolve operations of compensation consulting and delivery; lead Compensation Managers and professionals
  • Partner with HR Business Partners, Finance, Legal, Risk, and senior leaders to benchmark roles, recommend pay packages, and consult on job/pay changes
  • Ensure programs remain externally competitive and internally equitable while complying with federal, state, and local laws and regulations
  • Lead annual goal setting, budgeting, prioritization, and tracking for the Compensation team
  • Approve designated vendor invoices and act as escalation contact for Compensation with Procurement and Vendor Management
  • Serve as project lead or sponsor on enterprise-wide compensation initiatives and cyclical activities; lead change management and communications
  • Act as primary escalation point for critical, confidential, and urgent compensation matters, including executive inquiries and ad-hoc pay adjustments
  • Coach, develop, and train team members; foster collaboration, experimentation, and continuous learning
  • Leverage data, market analytics, and HRIS/HCM technologies to inform strategy and drive efficiencies
  • In absence of VP, Compensation, may function as lead of Compensation and liaison with CHRO, CEO, and COO

Requirements

  • Expert, proven knowledge of employee compensation practices, standards, and systems, and federal, state, and local regulations (e.g., FLSA, minimum wage, pay transparency regulations, etc.)
  • Proven experience in leading, developing, guiding, and mentoring others
  • Ability to deal tactfully with all levels of Navy Federal's workforce and efficiently manage complex situations
  • Experience in presenting findings, conclusions, alternatives, and information clearly and concisely
  • Expert skills in research, analysis, decision making, and critical thinking
  • Advanced skills in results-oriented leadership in a challenging environment
  • Advanced interpersonal, verbal, and written communication skills
  • Expert skill to influence, negotiate, and persuade to reach agreeable exchanges and positive outcomes
  • Expert initiative, attention to detail, and good judgment to make sound decisions
  • Strong mathematical acumen
  • Advanced skill using Microsoft suite products such as Excel, PowerPoint, and Word
  • Extensive experience utilizing salary survey participation and market-pricing products such as MarketPay, Reward, etc.
  • Extensive experience with cloud-based HCM/HRIS product suites like Oracle, Workday, etc.
  • Advanced skill in monitoring regulations and compliance as it relates to employee compensation and labor practices
  • Bachelor's Degree in Human Resources Management or related field, or equivalent combination of training, education, and experience
  • Desired: Master's Degree in Human Resources Management
  • Desired: Certified Compensation Professional (CCP) certification
  • Desired: Experience leading a Total Rewards Compensation department supporting a large, diverse workforce; banking or financial services experience a plus