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The Director, Equity Compensation, will lead the successful delivery of our global equity compensation programs at Mastercard, including Restricted Stock Units, Performance Stock Units, and Stock Options, and our expanding Employee Stock Purchase Plan. This role involves managing a team of equity plan administrators, collaborating with cross-functional departments, and ensuring team adherence to legal and regulatory compliance requirements globally. In addition, the Director will establish and maintain delivery standards and governance for all equity programs, including the developing and refining standardized operating procedures and workflows. They will support transformation initiatives aimed at automating processes and implementing improvements to enhance how we support the business and serve our employees. This role works closely with the Total Rewards design team, external vendors, as well as internal Global Business Service Center, payroll, and HR technology stakeholders, to optimize processes, manage risk, and deliver an exceptional employee experience.
Job Responsibility:
Ensure successful administration of equity programs, including equity grant processing, exercise and vesting tracking, and data management
Responsible for managing the relationship and ongoing maintenance of the Company’s stock plan administration platforms, including monitoring participant experience, service level delivery, timely file feeds/integrations, and contract compliance
Drive operational excellence and elevate the employee experience by assessing and redesigning equity systems and processes
Measure service levels provided to employees and lead continuous improvement initiatives as appropriate
Stay abreast of global regulatory requirements and policy changes in the equity space, assessing implications on delivery practices, recommending and applying changes as needed to ensure compliance
Responsible for successfully complying with all Equity SOX controls and global audit/compliance requests
Liaise with payroll team and finance to ensure smooth execution of equity programs/processes
Interface with Global Business Services Center (GBSC) as necessary to ensure inquiries and escalations from managers and employees are addressed
Collaborate with multiple internal and external groups to identify potential operational efficiencies
Manage the administration of the Employee Stock Purchase Plan (ESPP) globally
Track operational risks related to equity compensation delivery and actioning of mitigation plans
Management of escalations and issues procedures with root cause analysis
Requirements:
Leadership and project management experience in implementation and administration of equity processes and programs including an Employee Stock Purchase Program
Technical expertise in equity compensation, including knowledge of plan design, accounting and financial implications, governance procedures, SOX, SEC/other U.S. federal disclosure requirements
Exceptional attention to detail and expertise in establishing workflows and process documentation
Knowledge of U.S. federal and state taxation, as well as general knowledge of global taxation as it relates to equity compensation
Track record of working cross-functionally and collaboratively at all levels, including working remotely with cross-functional teams and able to guide decision making
Strong interpersonal skills and expert team-building capabilities, having successfully managed and motivated diverse teams across different markets
Strong risk management mindset and calm under pressure
10+ years of experience in public company equity plan administration with global reach
In-depth knowledge of equity compensation regulations, accounting principles, and tax implications
Proven track record with multi-national corporations
Experience working with a third-party recordkeeping system a must (specific knowledge of Morgan Stanley Shareworks a plus)
Working knowledge of payroll systems and processes
Familiarity with equity accounting, financial reporting, and SEC regulations is essential
Workday system experience a plus
Strong leadership and team management skills
Excellent analytical, strategic, and problem-solving abilities
Exceptional communication skills and team leadership capabilities
Detail-oriented and capable of working with sensitive and confidential information
CEP – Certified Equity Professional a plus
Nice to have:
Specific knowledge of Morgan Stanley Shareworks a plus
Workday system experience a plus
CEP – Certified Equity Professional a plus
What we offer:
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