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Deferred Compensation Specialist (Full-Time)
The role of Deferred Compensation Specialist at Julius Baer involves implementing and managing a new global Employee Share Purchase Plan (ESPP) as well as administering deferred compensation programs. The focus is on the operational implementation and day-to-day management of the ESPP, as well as providing support for regulatory reporting and internal/external audit requests.
About the job
This newly created role combines established responsibilities in the area of deferred compensation with an exciting project to implement and administer a new global Employee Stock Purchase Plan (ESPP). Initially, your focus will be entirely on launching the new program. Once the program is live, the role will transition to a balanced mix of day-to-day ESPP operations and ongoing management of deferred compensation.Your challenge
Global ESPP Implementation:- Take on a leading operational role in designing, launching, and implementing the new global ESPP across multiple jurisdictions, working closely with the project manager and key stakeholders.
- Serve as the subject matter expert for the project and work closely with internal stakeholders (HR, Legal, Tax, Communications) and external vendors (plan administrator, consultants) to execute the implementation plan.
- Ensure that all aspects of the plan comply with local labor laws, tax regulations, and internal governance standards in the participating countries.
- Oversee end-to-end testing of critical components, payroll integration, contribution calculations, foreign exchange processing, and stock delivery processes.
- Develop operational procedures, training materials, and FAQs for employees and HR representatives worldwide, in collaboration with the project manager.
Global ESPP Administration
- Monitor and reconcile monthly employee contributions collected through payroll deductions in various currencies and countries.
- Work with the plan administrator and internal stakeholders to carry out periodic stock purchases and transfers.
- Manage participant records, including registrations, changes to contribution amounts, terminations, etc.
- Serve as the primary point of contact for employees and stakeholders, and coordinate the resolution with the plan administrator as needed.
- Monitor participation trends, conduct regular analyses, and recommend improvements to promote engagement and inclusivity.
Deferred compensation administration
- Support the execution of life-cycle activities related to the Julius Baer Group’s deferred compensation (e.g., grants, vesting, terminations/losses, settlement, payroll processing, tax reporting) in a timely, accurate, and high-quality manner.
- Provide support for annual regulatory reporting at both the group level and the level of individual entities (e.g., compensation report, annual tax filing for stock plans) and to assist with internal/external audit inquiries regarding ESPPs and other deferred awards.
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