Visa is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive.
When you join Visa, you join a culture of purpose and belonging – where your growth is priority, your identity is embraced, and the work you do matters. We believe that economies that include everyone everywhere, uplift everyone everywhere. Your work will have a direct impact on billions of people around the world – helping unlock financial access to enable the future of money movement.
Join Visa: A Network Working for Everyone.
The Vice President, Executive Compensation leads the design, program management and implementation of executive compensation globally at Visa Inc. In this role, you will manage executive compensation programs including the development of materials for management and the Compensation Committee of the Board, collaboration with partners in the People Team, Legal and Finance, implementation of programs, the direct management and development of a team, collaboration on the production of the annual Compensation Discussion & Analysis (CD&A) in the proxy statement and other public filings, and partnership with external independent consultants to deliver on Compensation Committee meetings, programs and projects. In addition, this role is responsible for the development and proposal of senior executive compensation levels and structures. You will have regular and direct interaction with senior executives and Compensation Committee members.
The role reports to the SVP, Total Rewards and is a key member of Visa’s Total Rewards Leadership Team.
- Lead the process for Compensation Committee meetings including preparing materials, coordinating content across multiple functions within Visa and with external partners, and lead the reviews of the materials with multiple stakeholders. With the utmost attention to detail, ensure all analyses, information and program rationale are comprehensive and accurate.
- Conduct detailed analyses of current and potential executive compensation programs and prepare summaries of financial and design implications.
- Coordinate preparation of externally reported materials, including compensation-related proxy tables and the CD&A for inclusion in the annual proxy statement.
- Lead the year-end performance evaluation and compensation planning process for senior executives.
- Lead the development and proposal of senior compensation levels and structures.
- Develop documents related to annual and ongoing executive compensation planning and execution.
- Ensure implementation of the Board of Directors compensation program including administration, working with payroll, developing, and delivering communications directly for Board Members and improvement of existing processes, and individualized/custom solutions.
- Maintain awareness of the latest trends, market practice, accounting, regulations and competitive intelligence regarding executive compensation.
- Analyze, summarize, and provide implications/recommendations on executive compensation, perquisites, and other compensation at peer and competitor companies. Work closely with executive compensation consulting firms and consolidate their benchmarking analyses in aggregate.
- Monitor and forecast equity usage including burn rate, overhang, and other dilution analysis. Provide expertise on equity program design, including performance share design, and partner with accounting/finance on forecasts of equity compensation expense.
- Review and confirm compensation activities related to senior executives, including tax withholding, ongoing pay stubs, and year-end tax documents.
- Provide support for the development and administration of total compensation communication materials to executives which may include retirement plans and all other executive perquisites and benefits.
- Act as an internal resource to leadership on executive compensation issues. Ensure any questions from executives are researched and a timely response prepared.
- As required, work on other compensation projects, such as new incentive plans, that drive business results and support the collaboration between business units
- 12 years of work experience with a bachelor’s degree or at least 10 years of experience with an Advanced degree (e.g. Masters/ MBA/JD/MD) or at least 8 years of work experience with a PhD
- At least 15 years of professional experience or equivalent with 5-7 years of relevant experience in a well-disciplined organization where best practices are integral to the management of the business
- Deep background in executive compensation at large prominent U.S. public companies with general working knowledge in finance, accounting, and benefits.
- Deep experience in leading an Executive Compensation function and a thorough understanding of Compensation & Benefits, Equity Compensation, Deferred Compensation etc.
- Proactive, strategic thinker supported by strong analytical and project management skills
- Superior problem identification and solving skills with ability to communicate effectively with executive management
- High ownership of work materials and high detail orientation to ensure complete accuracy and quality of output
- Must possess organizational, problem-solving skills, and time management skills to meet deadlines
- Process oriented and ability to document processes with the ability to achieve the goals of multiple overlapping workstreams
- Excellent interpersonal and people management skills
- Able to work effectively with other functional areas and understand the operational and cultural issues relevant to achieving superior results
- Client focused with tenacity to resolve issues and conflicts
- High energy and enthusiasm required to partner with multiple stakeholders
- Continually curious to develop a passion for the business
This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 50% of the time based on business needs.
Varies upon the needs of the department.
This position requires travel 5-10% of the time.
This position will be performed in an office setting. The position will require the incumbent to sit and stand at a desk, communicate in person and by telephone, frequently operate standard office equipment, such as telephones and computers.
Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.
Visa will consider for employment qualified applicants with criminal histories in a manner consistent with applicable local law, including the requirements of Article 49 of the San Francisco Police Code.
U.S. APPLICANTS ONLY: The estimated salary range for a new hire into this position is 213,100.00 to 293,000.00 USD, which may include potential sales incentive payments (if applicable). Salary may vary depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position may be eligible for bonus and equity. Visa has a comprehensive benefits package for which this position may be eligible that includes Medical, Dental, Vision, 401 (k), FSA/HSA, Life Insurance, Paid Time Off, and Wellness Program.