SLC Management is a growing global asset management firm providing innovative and diversified investment solutions to institutional investors. We are breaking new ground with a full spectrum of solutions for a growing institutional client base of more than 1300 organizations. Our history of organic and strategic growth reflects this commitment with over CA$374/US$283 billion in assets under management (AUM). As a subsidiary of Sun Life, we are aligned with one of the world's leading financial services companies, and benefit from the stability and strength of that relationship.
We are a performance-driven organization with a deliberate focus on fostering a development-focused, inclusive culture revolving around our Core Values of being client obsessed, valuing each other, acting with speed and having an owner's mindset. As part of our team, you play a role in fulfilling our purpose and making a difference. We offer a rewarding work environment that is filled with opportunity for growth where you will be empowered to meet the challenges of a highly competitive landscape.
SLC Management offers a mix of in-office and virtual work where our employees are empowered to do their best. Generally, employees are expected to work three or more days in-office each week with flexibility depending on their business, client and team needs.
Managing Director, Incentive and Wealth Plans - SLC Management
What is in it for you:
This position will provide expertise, innovative thinking, and strategic leadership for design, management and implementation of short-term, long-term incentive plans, carried interest and co-investment plans, ensuring alignment with company's strategic objectives, and talent strategies.
In this key leadership role, you will play a pivotal role in shaping our company's compensation philosophy and programs to drive employee engagement, performance, and retention in the overall management of incentive programs.
You will partner closely with senior leadership, HR, cross functional teams (Finance, Legal, Risk, Compliance, Treasury etc.) and external vendors to develop, implement and administer innovative, business-oriented solutions with measurable outcomes that optimize our financial investment. Deliver a modern, compelling, and integrated incentive plans that drive performance and reward long-term value creation.
What you will do:
- Lead and set the overall strategic direction for incentive and wealth plans that are market competitive while supporting overall business objectives, working collaboratively with senior business leaders and cross-functional teams on this strategy, providing advice and recommendations on competitive compensation.
- Build strong relationships with HR Business Partners, Business Leaders and Cross Functional teams. Provide consultation and partnership to understand their strategic priorities and business objectives; leverage this insight to develop and transform compensation programs to support our overall business objectives.
- Develop compensation financial and data models and tools to provide a platform for decision making on a variety of business issues including headcount growth and staffing.
- Lead the design and implementation of performance metrics, goals, and measurement methodologies for incentive plans.
- Oversee the governance of incentive and wealth plans, stay abreast of relevant regulations and ensure that incentive compensation plans and carried interest distributions comply with legal requirements, including tax regulations and securities laws.
- Work collaboratively with HR and Communications teams to develop and implement effective communication and change management plans to enhance the employee experience and perceived value of our programs.
- Monitor external developments and trends impacting employee reward programs and proactively identify strategies and tactics to respond.
- Be a key member of M&A teams for HR due diligence evaluation and implementation.
What you will need to succeed:
- Bachelor's Degree or equivalent work experience
- 10+ years of experience in managing incentive, carried interest and co-investments programs for a mid-size to large organization with 5+ years managing a direct staff.
- Overall, this role requires a combination of financial acumen, regulatory knowledge, strategic thinking, and strong communication skills to effectively design and manage incentive structures and carried interest administration within a financial organization.
- Strong understanding of executive compensation principles, long-term incentive plan design, regulatory requirements related to equity-based compensation (e.g., IRC Section 409A, SEC regulations etc.), accounting standards, and tax implications related to incentive and wealth plan arrangements.
- Proven track record of designing and implementing effective incentive compensation plans that drive performance and align with business objectives.
- Strong financial analysis skills, with the ability to conduct complex financial modeling and sensitivity analysis.
- Deep understanding of private equity, hedge fund, and other alternative investment fund structures, including carried interest economics.
- Strong leadership skills, able to adapt to changing priorities and engage and develop a team to deliver on key objectives.
- Action-oriented, focused on execution, improving our employees' experience through continuous improvement, and operational excellence.
- Highly collaborative team player, experienced in managing complexity and interacting with colleagues within the HR function, outside vendors, and brokers/consultants.
- Highly organized and able to manage multiple priorities and deadlines effectively.
Why SLC Management?
- Opportunity to work for a growing global institutional asset manager
- Excellent benefits and wellness programs to support the three pillars of your well-being - mental, physical and financial - including generous vacation and sick time, market-leading paid family, parental and adoption leave, a partially-paid sabbatical program, medical plans, company paid life and AD&D insurance as well as disability programs and more
- Retirement and Stock Purchase programs to help build and enhance your future financial security including a 401(k) plan with an employer-paid match as well as an employer-funded retirement account
- A flexible work environment with a friendly, caring, collaborative and inclusive culture focused on career growth development #WeWinAsATeam
- The opportunity to move along a variety of career paths with amazing networking potential
- Award winning workplace culture - Great Place to Work Certified in Canada and the U.S., "Best Places to Work in Money Management" by Pension & Investments, "Top 10" employer by the Boston Globe's "Top Places to Work" two years running
SLC Management is a regulated business, and this means that there are certain financial reporting and trading preclearance requirements for all employees. Successful candidates will be required to declare personal investment accounts and securities investments as well as seek preclearance on future transactions including those of household members.
Human Resources
We are committed to fostering a diverse, equitable and inclusive environment, where all employees feel valued, respected, and supported. We are dedicated to building a diverse workforce offering wide perspectives and creative ideas that benefit our clients, teams and the communities where we operate. Research shows that women and underrepresented groups tend to apply only if they meet 100% of the criteria. We encourage applications from qualified individuals from all backgrounds even if they don't meet every criteria in the job description.
We will make reasonable accommodations to known physical or mental limitations. Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to thebrightside@sunlife.com.
We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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