Compensation Leader

OneMain Financial; New York (NY); On-site; USD 190,000 - 220,000; Full time

Benefits offered by this job

Health and well-being options

401(k) matching up to 4%

Employee Stock Purchase Plan

Tuition reimbursement

Continuing education

Bonus eligible

Paid time off

Paid volunteer time

Job summary

OneMain Financial in NYC is seeking an experienced Compensation Leader (Director) to drive equity and deferred compensation strategy, and to support executive compensation design and governance. This role partners with external vendors and the Compensation Committee to shape compensation programs.

Reporting to the Head of Total Rewards, the role emphasizes compliance, governance, and policy development to align with business strategy.

Qualifications

• Bachelor’s degree in Finance, HR or business-related field.
• 10+ years’ compensation experience in executive space.
• Experience managing compensation committee materials and proxy filings.
• Knowledge of federal and state HR laws.
• Experience with wage transparency, 409a, FLSA, SOX, EEOC, ADA.
• MS Excel analysis skills and scenario modeling.

Responsibilities

• Compliance Lead for HR – work with Legal on HR laws and policies (e.g., wage transparency, 409a, FLSA, state reporting, SOX, EEOC, ADA).
• Equity/Deferred Compensation Strategy – oversee design and administration with vendors (e.g., Fidelity, Morgan Stanley, Aon).
• Executive Compensation – materials for Compensation Committee, CD&A, Annual Proxy filings.
• Compensation Governance – maintain governance documents (buyouts/replacements, policy docs, approvals).

Skills

Executive compensation

MS Excel

Regulatory compliance

Budgeting/Forecasting

Education

Bachelor's degree in Finance or HR

Tools

Excel

Job description

About Us

About Us: OneMain Financial (NYSE: OMF) is the leader in offering nonprime consumers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. With more than 1,300 retail locations supported by digital capabilities and centralized operations, we serve nearly 4 million customers in 48 states through personal loans, auto finance, credit cards, and insurance products designed to help people meet their financial needs today and progress to a stronger future. Since 1912, we have combined the scale, stability, and resources of a national financial services company with personal relationships, care, and local market knowledge of community-based teams. Today, our more than 9,300 team members are building on that legacy by applying data science, technology, and new ideas to enhance the customer experience, strengthen our business, and support long-term growth. At OneMain, team members take on challenging, purposeful work in a collaborative and ethical environment where people are respected, contributions are recognized, and leaders are committed to development. Whether serving customers directly or enabling the people, capabilities, and operations that power our business, our team members have opportunities to expand their skills, advance their careers, and make a meaningful impact in the communities where we live and work.

The Role

The Role: OneMain Financial is seeking an experienced Compensation Leader (Director). As a direct report to the Head of Total Rewards, this role will help to drive the OneMain Financial Equity and Deferred Compensation strategy and design, Executive Compensation strategy (including directly supporting our Compensation Committee), and additionally taking on a newly created remit of cross-HR Compliance lead.

Job Responsibilities

• Compliance Lead for HR · Work with Legal and Compliance on any and all matters related to HR laws and policies (e.g., wage transparency, 409a, FLSA, state mandated reporting, SOX, EEOC, ADA)
• Equity/Deferred Compensation Strategy · Design and administration oversight of deferred compensation and equity plans in partnership with 3rd party vendors (e.g. Fidelity, Morgan Stanley, Aon)
• Executive Compensation · Compensation Committee materials / CD&A / Annual Proxy fillings
• Compensation Governance · Create and maintain governance documents related to compensation (e.g., Buyouts/Replacement awards, published compensation policy documents, approvals, best practices, etc.)

Job Qualifications

• Bachelor’s degree Finance, Human Resources or business-related field
• 10 + years’ compensation experience especially in the executive compensation space
• Experience managing compensation committee materials and/or proxy fillings
• Knowledge of legal requirements related to Human Resources including federal and state laws
• Experience with compensation and/or human resources regulatory topics (e.g., wage transparency, 409a, FLSA, state mandated reporting, SOX, EEOC,ADA)
• Must have MS Excel analytical skills/experience (e.g., scenario modeling, statistical analysis)
• Ability to anticipate challenges, diagnose problems, prescribe actions, and promote resolutions that have a direct impact on business strategy

Location, Base Salary, and Benefits

Location: hybrid in office - NYC

Target base salary range is $190,000 - $220,000 which is based on various factors including skills and work experience. In addition to base salary, this role is eligible for a competitive bonus compensation program that is based on individual and company performance.

• Health and well-being options for team members and their dependents
• Up to 4% matching 401(k)
• Employee Stock Purchase Plan (10% share discount)
• Tuition reimbursement
• Continuing education
• Bonus eligible
• Paid time off
• Paid volunteer time

Equal Employment Opportunity (EEO) Statement

OneMain Holdings, Inc. is an Equal Employment Opportunity (EEO) employer. Qualified applicants will receive consideration for employment without regard to age, ancestry, citizenship status, color, creed, culture, disability, ethnicity, gender, gender identity or expression, genetic information or history, marital status, military status, national origin, nationality, pregnancy, race, religion, sex, sexual orientation, socioeconomic status, transgender or on any other basis protected by law.

Additional Information

OneMain Financial (NYSE: OMF) is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. Since 1912, we've looked beyond credit scores to help people get the money they need today and reach their goals for tomorrow. Our growing suite of personal loans, credit cards and other products help people borrow better and work toward a brighter future. In our more than 1300 community branches and across the U.S., team members help millions of customers solve critical financial needs, including debt consolidation, home and auto repairs, medical procedures and extending household budgets. We meet customers where they want to be - in person, by phone and online. At every level, we're committed to an inclusive culture, career development and impacting the communities where we live and work. Getting people to a better place has made us a better company for over a century. There's never been a better time to shine with OneMain.