Director, Compensation

Founded on a legacy of more than 120 years in banking, Bank OZK is much more than just a company. We’re nationally recognized as an industry leader in financial services. That means we combine exceptional service with innovative technologies to deliver smart solutions to our clients across the country. We’re investing in small businesses, fueling economies in local communities and changing skylines in the largest cities across America. Here, we're not simply filling roles. We're fostering even greater careers.

The foundation for a great career starts with an exceptional team and a comprehensive benefits package. We believe in providing our dedicated team members with the best resources to support their physical, mental and financial wellbeing, including generous PTO, 401(k) matching, health, dental, vision (and pet!) insurance as well as special perks and discounts. Learn more about Bank OZK benefits.

Responsible for planning, developing, implementing, and managing compensation strategy, programs, policies, and procedures to meet Bank OZK’s current and future business needs. Ensures compensation is consistently administered in compliance with applicable Bank policies and federal, state, and local government regulations.

1. Plans, develops, implements, and manages compensation strategy, programs, policies, and procedures to support the Bank’s strategy and goals.
2. Ensures compensation programs are administered consistently and fairly in compliance with the Bank’s compensation strategy, policies, and government regulations.
3. Monitors the effectiveness of existing compensation policies and procedures while recommending plan revisions or new plans consistent with the Bank’s objectives and compensation trends.
4. Manages and develops incentive compensation plans in conjunction with business line leaders and management.
5. Actively participates in the Salary and Workforce Planning process.
6. Provides advice to management regarding pay inquiries and decisions.
7. Performs proactive and ongoing assessment of compensation plan(s) effectiveness and competitiveness.
8. Manages the development of job architecture, job descriptions, salary bands, and salary grades, and works with various vendors and internal staff to ensure appropriate pay position in each of the Bank’s markets and in compliance with various regulations.
9. Leads efforts to participate in external compensation surveys relevant to the Bank’s national markets.
10. Participates in preparation of recommended salary rate changes as appropriate to establish and maintain competitive rates.
11. Maintains documentation and ensures compliance with current risk and control processes and reporting requirements and participates in internal audit examinations related to compensation and regulatory compliance.
12. Leads, directs and mentors the work of compensation analysts and/or other administrative staff.
13. Keeps apprised of federal, state, and local compensation laws and regulations to ensure compliance.
14. Works directly with other HR leadership to ensure the proper classifications are assigned to all positions.
15. Serves on various committees or sub-committees as appropriate.
16. Produces accurate, thorough, and timely work, while meeting commitments and following policies and procedures.

1. Comprehensive knowledge of compensation design, planning, methodology, and analytics
2. Comprehensive knowledge of government regulations and laws as they pertain to compensation
3. Working knowledge of other functional areas of HR
4. Ability to demonstrate effective leadership and consensus-building skills in a dynamic environment
5. Ability to manage multiple priorities and projects, adapt quickly to changing needs, and interact with all levels of management
6. Ability to demonstrate effective negotiation skills, including the ability to persuade and influence decision makers
7. Ability to demonstrate effective project management and organizational skills
8. Ability to demonstrate strong business acumen
9. Ability to complete accurate, detailed work and meet exacting deadlines
10. Ability to accurately interpret large amounts of data and present such data in an understandable format for others
11. Ability to communicate effectively both verbally and in writing
12. Ability to provide excellent customer service
13. Ability to work effectively in a team-oriented environment
14. Ability to work without close supervision
15. Ability to maintain confidentiality
16. Ability to follow policies and procedures and to communicate them accurately to others
17. Ability to demonstrate effective critical thinking, analytical, and problem-solving skills
18. Skill in using computer and Microsoft Office products (i.e., Word, Excel, PowerPoint, Outlook), and other HCM technology

1. Bachelor’s degree, preferably in human resources, business administration, finance or related field, or commensurate work experience, required
2. 10+ years’ experience designing, developing, and managing compensation strategies
3. PHR, SPHR, CCP or other relevant certification preferred
4. Familiarity with various HCM and compensation technology preferred

Operate customary equipment and technology used in a business environment, with or without accommodation.

Note: This description is not an exhaustive list of all job functions, duties, skills, and job standards required.  Other job functions, duties, skills, and standards may be added.  Management reserves the right to add or change the job requirements at any time.

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Bank OZK is an equal opportunity employer and give consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.