Vice President, Total Rewards

Our Purpose

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

Title and Summary

Vice President, Total Rewards

Overview
The Total Rewards team is responsible for delivering world-class programs that position the company as an employer of choice. This global team designs and delivers compensation, benefits, and mobility programs for employees and leads human resources M&A activities. The position will lead compensation consultative support and Total Rewards projects and initiatives for designated business units.

Responsibilities
• Serve as the primary consultant to designated business units on all compensation-related items, ensuring market-competitive pay and internal alignment with Mastercard’s philosophies.
• Partner with HR leaders and Business Partners to provide guidance on all components of compensation, including job evaluation, executive offers, and year-end allocations of base, bonus, and LTI.
• Develop relationships and establish credibility with business unit executives, HR Business Partners, and key stakeholders across the company.
• Consult with management on pay program levers, including job structures, to ensure compensation design aligns with organizational design.
• Stay abreast of best practices and make recommendations to design teams based on market practice and intelligence.
• Direct compensation due diligence, cost analysis, retention strategies, and other assessments in support of M&A transactions.
• Ensure the effectiveness of programs and services to the business, gather real-time intelligence from the business, and relay this back to internal stakeholders.
• Focus exclusively on consulting with business units and liaising with other parts of Total Rewards to execute programs.
• Collaborate on special projects with rewards design and delivery teams as needed.
• Ensure the successful delivery of Rewards programs globally, operational excellence, and an optimal employee experience.

Qualifications
• Leadership experience in compensation consultation.
• Bachelor’s and master’s degrees are desirable.
• Ability to consult and influence stakeholders.
• Record of working cross-functionally and collaboratively at all levels.

Key Competencies
• Rewards acumen and content expertise.
• Agile and high degree of initiative; effectively manages multiple demands in a demanding environment.
• Diligence and ability to juggle competing priorities during heavy compensation cycles/processes.
• Ability to quickly establish trust and credibility across teams, including COE and other Total Rewards Partners.
• Inspirational and empathetic; may have management responsibilities and will mentor team members to execute goals and objectives.

All About You
• Compensation expert with strong knowledge of Total Rewards programs, design practices, and administration.
• Relationship manager to P&C and key business stakeholders.
• Agile and high degree of initiative; effectively manages demands in a demanding environment.
• Analytical person who applies creativity to support effective proposals and solutions.
• Highly collaborative team member who proactively informs and drives process improvements.
• Strong analytics and data management skills, including Excel, modeling, and analytical skills to leverage data for insights and consulting.
• Effective and persuasive communication skills.
• Strong diligence and sense of urgency; ability to prioritize, multi-task, and meet deadlines in a fast-paced, dynamic, team environment.

Mastercard is a merit-based, inclusive, equal opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law. We hire the most qualified candidate for the role. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment process, please contact [email protected] and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.

Corporate Security Responsibility

All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:

• Abide by Mastercard’s security policies and practices;

• Ensure the confidentiality and integrity of the information being accessed;

• Report any suspected information security violation or breach, and

• Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.

In line with Mastercard’s total compensation philosophy and assuming that the job will be performed in the US, the successful candidate will be offered a competitive base salary and may be eligible for an annual bonus or commissions depending on the role. The base salary offered may vary depending on multiple factors, including but not limited to location, job-related knowledge, skills, and experience. Mastercard benefits for full time (and certain part time) employees generally include: insurance (including medical, prescription drug, dental, vision, disability, life insurance); flexible spending account and health savings account; paid leaves (including 16 weeks of new parent leave and up to 20 days of bereavement leave); 80 hours of Paid Sick and Safe Time, 25 days of vacation time and 5 personal days, pro-rated based on date of hire; 10 annual paid U.S. observed holidays; 401k with a best-in-class company match; deferred compensation for eligible roles; fitness reimbursement or on-site fitness facilities; eligibility for tuition reimbursement; and many more. Mastercard benefits for interns generally include: 56 hours of Paid Sick and Safe Time; jury duty leave; and on-site fitness facilities in some locations.

Pay Ranges

Purchase, New York: $221,000 - $353,000 USD