Senior Vice President, Compensation

Enterprise Bank & Trust seeks an SVP, Compensation to lead enterprise-wide compensation strategy for a relationship-driven, community-focused financial institution. This executive will design and govern base pay, incentive, and executive compensation programs that support growth, regulatory compliance, and internal equity. Responsibilities include market benchmarking, salary structure design, pay governance, and executive and broad-based incentive plans. The SVP will partner closely with senior leaders, HR, and finance, provide board-ready analytics, and ensure compensation supports talent attraction, retention, and performance.

Responsibilities

• Lead enterprise-wide compensation strategy aligned with business goals and regulatory expectations
• Design and govern executive, broad-based, and sales incentive plans for a multi-market bank
• Oversee market benchmarking, job evaluation, and salary structure design and maintenance
• Ensure pay programs support attraction, retention, and internal equity across all lines of business
• Partner with executives, HR, and finance on compensation planning, budgeting, and governance
• Provide guidance on complex offers, promotions, and retention arrangements
• Monitor compensation-related regulatory developments and ensure compliance
• Present analyses and recommendations to senior leadership and the Board/Compensation Committee

Required Skills

• Executive compensation design
• Broad-based compensation programs
• Incentive plan design
• Market pricing and benchmarking
• Job evaluation and leveling
• Salary structure design
• Compensation analytics and modeling
• HRIS/compensation systems (e.g., Workday, Oracle, SAP)
• Regulatory and compliance knowledge (banking/finance)
• Executive and Board-level communication