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Director of Total Rewards

New York, NY

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Metropolitan Commercial Bank (the “Bank”) is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.

Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2024. For the fourth time, MCB has earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024.

Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan, Boro Park, Brooklyn and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).

 

Position summary: 

The Director of Total Rewards is responsible for designing and delivering the banks total rewards strategy that attracts, motivates and retains talent.  The Director of Total Rewards will develop and manage the full spectrum of compensation, benefits, executive awards, and wellbeing ensuring alignment with business strategy, market competitiveness, and our culture and values.  This position reports to the Chief Human Resources Officer.

We have a flexible work schedule where employees can work from home one day a week.

Essential functions and responsibilities

  • Develops and leads the Total Rewards strategy in partnership with the Chief Human Resources Officer
  • Ensures programs are market competitive, cost-effective, equitable, and aligned with business priorities, talent strategy and culture
  • Serves as a trusted advisor to the CEO, Board of Directors and senior leadership on executive compensation, pay equity, and total reward trends
  • Develops compensation modeling and analyses for budgeting, forecasting and management reporting
  • Oversees all compensation programs, including job leveling, total compensation structure, short- and long-term incentives, equity programs, and executive compensation
  • Leads the annual compensation review cycle, ensuring fairness, compliance and alignment to performance outcomes
  • Partners with the Compensation Committee on executive pay strategy, disclosures and governance best practices
  • Directs the design and administration of health and wellness programs, retirement, insurance and leave policies
  • Serves as administrator of the 401k plan, which includes addressing the day-to-day activities of the plan, including but not limited to 401k committee participation and working with vendors and auditors for 5500 preparation
  • Leads the wellness strategy on physical, social, mental, and financial health
  • Manage all Leaves of Absence processes including FMLA, Parental Leave, Medical and other statutory/state leaves, serving as primary liaison with leave and disability vendors
  • Oversees payroll processing, ensuring accurate, compliant and timely payments, audits and reporting
  • Ensures compliance with ERISA, ACA, COBRA, FMLA, ADA, HIPPA, and other applicable regulations
  • Other duties as assigned.

Knowledge, skills and abilities:

  • Bachelor’s degree in Business, Finance, Human Resources or related discipline.
  • 10+ years of relevant compensation and benefit experience within the banking or financial services industry.
  • Proven ability to influence at the highest levels of the organization and with the board of directors
  • Experience building an overall total rewards program in a regulatory environment
  • Experience in a publicly traded organization
  • Demonstrated experience leading compensation programs across multiple business lines
  • Strong knowledge of compensation practices, governance, wellbeing program design and delivery strategies
  • Expertise in managing payroll processes
  • Exceptional analytical skills with the ability to interpret complex data for strategic recommendations
  • Experience interacting with the CEO, executive level leadership and the Board of Directors
  • Excellent verbal and written communication skills.
  • Excellent interpersonal and negotiation skills.
  • Excellent organizational skills and attention to detail.
  • Excellent time management skills with a proven ability to meet deadlines.
  • Strong analytical and problem-solving skills.
  • Strong supervisory and leadership skills.
  • Ability to adapt to the needs of the organization and employees.
  • Ability to prioritize tasks and to delegate them when appropriate.
  • Thorough knowledge of employment-related laws and regulations in multiple states
  • Proficient with Microsoft Office Suite or related software.
  • Proficiency with or the ability to quickly learn the organization’s HRIS and talent management systems.

 

Potential Salary: $200,000 - $225,000 annually

This salary range reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law. Final offer amounts are determined by multiple factors including candidate experience and expertise and may vary from the amounts listed here.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

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