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Director - Compensation

New York, NY

About Clear Street:

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets. 

We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Our platform is fully integrated with central clearing houses and exchanges to support billions in trading volume per day. We’ve agonized about our data model abstractions, created horizontal scalability, and crafted thoughtful APIs. All so we can provide a best-in-class experience for our clients. 

By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets.

 

The Role:

You will be responsible for leading Clear Street’s compensation practices across the firm . This role requires a balance of being a strategic advisor and partner with our business leaders and internal People Team members while also executing the day to day operational aspects of building and maintaining a best in class, scalable compensation structure.   The person in this role, as an individual contributor, will be the subject matter expert for all compensation programs.  

 

Responsibilities: 

  • Work with our Chief People Officer to develop and evolve a scalable compensation strategy and philosophy across various job types and levels throughout the organization and locations that we operate in now and in the future.
  • Partner with business leaders and partners within the People Team to evaluate and measure current compensation practices to ensure alignment with the company’s strategic goals around hiring and maintaining our people.
  • Develop and maintain a job title and leveling framework to ensure compensation practices are aligned.
  • Lead annual compensation planning for our employees including merit increases, short-term and long-term incentive plans.
  • Ensure successful execution of the year-end merit and bonus planning process
  • Participate in salary surveys and monitor the results to ensure that we are competitive in attracting and retaining talent, while ensuring compliance with federal, state, and local compensation laws and regulations. 
  • Review existing compensation policies and processes to identify gaps, inefficiencies, and opportunities to develop creative solutions.
  • Collaborate with Talent Acquisition and People Operations on compensation matters such as market pricing for new and existing jobs.
  • Maintain a positive employee experience through all interactions with employees via email, Slack, phone, and in person discussions regarding any questions they have pertaining to our total rewards programs. (We sit in an open floor plan and employees do visit our desks frequently).
  • Ensure HRIS data hygiene is kept current, accurate and readily available. 
  • Generate reports and provide data analytics to support HR and management decisions. 
  • Collaborate with groups across the organization, particularly Finance.
  • Work on other ad hoc projects as assigned.

 

Requirements:

  • At least ten (10) years of experience in related HR roles, and at least five (5) years of experience in broad based compensation are required. 
  • Must have experience with compensation benchmarking and survey participation through third party providers.
  • Experience in job architecture and leveling design for an organization in growth mode.
  • Experience with international markets, local benchmarks and any regulatory or compliance requirements.
  • Knowledge of federal, state, and local labor laws and regulations.
  • Proficiency in HRIS systems, UKG is preferred.
  • Excellent business acumen to understand the organizational strategy and vision of the leadership team to align compensation practices is required.
  • Intermediate excel skills (pivot tables, VLOOKUP, conditional formatting, charts and visualizations) and HR analytics are required, and experience utilizing Business Intelligence tools such as Tableau or Looker is a strong preference. 
  • Must have strong attention to detail and accuracy in data management, as well as having an ability to handle sensitive and confidential information with discretion.
  • Excellent communication and interpersonal skills are required.
  • Must have strong problem-solving skills, along with the ability to work independently and as part of a team.
  • A natural curiosity to inquire about existing processes and systems and a desire to learn and understand all of the background necessary to make informed decisions on change is required.
  • Certification in HR or a related field (e.g., PHR, SHRM-CP). 
  • Must be able to multitask and prioritize for dealing with competing priorities. 
  • Experience with international payroll is a plus.

 

We Offer:

The Base Salary Range for this role is $180,000 - $220,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street's total compensation. The range stated does not include other factors of total compensation such as bonuses or equity.

At Clear Street, we offer competitive compensation packages, company equity, 401k matching, gender neutral parental leave, and full medical, dental and vision insurance. Our belief has always been that we are better as a business when we are all together in person. We are requiring employees to be in the office 4 days per week. In-office benefits include lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.

Our top priority is our people. We’re continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.  #LI-HYBRID

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