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Director, Total Rewards, Compensation



Bogotá, Bogota, Colombia
Posted on Thursday, June 27, 2024

Our Purpose

We work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results.

Title and Summary

Director, Total Rewards, Compensation

• Accountable for design, development and initial implementation for all compensation programs
• Builds programs that recognize employees as consumers with diverse interests
• Scales programs for local implementation and partners with TR Partners, Compensation Delivery and PBPs and GBSC on ongoing administration and delivery

• Design & develop compensation philosophy, strategies and programs
• Design base salary management practices – salary planning/analysis; review/modify salary structures working with Comp Ops; support market analysis/pricing; analyze internal position to market
• Design global market pricing program, run bespoke country specific surveys
• Design variable compensation plans
• Compensation structuring & reporting
• Provide geographic compensation expertise – i.e., assess/review comp programs; pay mix changes, target changes, salary structures (CTC), bonus plan corporate score - scheme/switch, top hat/salary sacrifice, etc, Support works councils/unions
• Responsible for Pay fairness and compliance along with Pay transparency strategy, Median pay gap, Living wage interventions, Local gender pay regulatory reporting, Global pay equity analysis and remediation
• Responsible for Compensation program governance and compliance
• Design and deliver training for managers, employees and P&C
• Manage selection and track performance of compensation vendors and partners
• Responding to Internal audit

• Demonstrated success acting as a consultant for business and HR leaders, providing advice/recommendations on rewards issues
• Proven track record designing and implementing competitive Total Rewards programs
• Successfully managed vendor and consultant relationships and achieved project goals as it relates to quality deliverables, timelines and budget
• Experience implementing enhancements to Total Rewards programs based on best practices, external trends and leveraging advanced analytics
• Demonstrated success when overseeing a large corporate budget
• Experience seeing an M&A integration project to completion

• Bachelor’s degree in Business, Economy, Engineering, or a related field
• Advanced English and Spanish Level (written and speaking) is needed

Corporate Security Responsibility

All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:

  • Abide by Mastercard’s security policies and practices;

  • Ensure the confidentiality and integrity of the information being accessed;

  • Report any suspected information security violation or breach, and

  • Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.