Senior Director Gl. & Exec. Compensation (m/f/d)

Purpose & Overall Relevance for the Organization:

Lead Compensation and Variable Pay (STI and LTI) Program Design and oversee Governance inclusive of Executive Compensation for adidas globally. Actively consult with and advise the SVP HR Rewards on these matters. Design and deliver proposals to the adidas Board and the HR Senior Leadership Team together with SVP HR Rewards. Own the overarching Compensation Strategy and lead projects and initiatives covering key areas of Compensation and specific Variable Pay programs. Define a robust Compensation governance framework, in close collaboration with HR Rewards Program Delivery, and work with Senior Leaders to role-model its principles. Ensure compliance with regulatory requirements for Compensation. Oversee adidas equity incentive plan design and future equity plan development.  

Key Responsibilities:

Program Design:

• Identify opportunities and drive change to Compensation Products and Programs based on thorough research and analysis and in alignment with the adidas business and Talent strategies, as well as HR and Rewards priorities
• Provide guidance on the Compensation Philosophy and support decision-making by providing compensation alternatives and/or recommendations in complex cases and/or unique requirements
• Coordinate material for the adidas Board, including competitive data and plan design implications
• Prepare and deliver proposals to the adidas Board and HR and Business Senior Leadership
• Design, achieve buy-in for and implement compensation products and policies which support the strategic direction of the company and foster employee attraction, engagement and retention
• Oversee the design and delivery communications material related to global Executive Compensation programs
• Ensure cost and tax efficiency of Executive Compensation programs, in close partnership with Group Finance, Group Tax and Legal. Co-define budgeting and accrual principles

Governance:

• Create and deliver an innovative and sustainable Global Compensation approach based on the Rewards Strategy and Philosophy
• Anticipate future trends and implications for Rewards programs
• Provide ongoing evaluation of compensation and incentive programs to ensure alignment with strategy.
• Design and manage compilation of Executive Compensation reporting for the adidas Board and HR Senior Leadership Team
• Set the cadence of regular Compensation policies reviews and self-audits
• Ensure accuracy and compliance with all regulatory requirements, oversee thorough tracking and reporting.
• Create and operationally deliver governance principles covering executive grading
• Create and oversee governance principles covering executive severance
• Monitor the effectiveness and ongoing development of adidas equity incentive programs in alignment with adidas business strategy

Operational:

• Advise and provide guidance to operational Executive compensation activities, such as grading, benchmarking, compensation packages and transparency for global functions
• Involve in Incentive Target Setting together with Finance and Strategy, preparing necessary analysis
• Oversee the design and delivery communications material related to global Compensation programs
• Lead compensation processes (i.e. aside from the global Salary Review process) for Executives, i.e. the benchmarking process as well as the separate decision process for certain positions
• Consult and advise Executives as appropriate
• Create and review executive compensation packages and severance arrangements

Management:

• Work with the SVP HR Rewards and the Rewards Senior Leadership Team to ensure full alignment and market-application of products and programs
• Develop strategic partnerships with Finance, HR and Legal to understand their strategies and ensure Compensation programs are fully understood
• Manage relationships to and contractual relationships with relevant external vendors
• Participate in, moderate and represent in external networks

Key Relationships:

• HR Senior Leadership Team Rewards Partners
• HR Rewards Market Leads & Rewards Functions in Markets
• HR Rewards Activation Lead
• Global Business Services (GBS)
• HR Strategy Office
• HR Talent
• Group Accounting and Controlling
• Group Legal
• Group Taxes
• Corporate Communications
• External consultants and project teams

Knowledge, Skills and Abilities:

• Strong ability to collaborate and bring people to work together
• Confidence with and negotiation skills towards high level stakeholders
• Ambition to constantly challenge the status quo
• Desire to bring up fresh perspectives
• Demonstrated multi-cultural skills and global mind-set
• Strong analytical and think-through skills to put new ideas into concepts, actionable programs
• Knowledge on and experience with financial valuation and simulation
• Constant appetite to learn and extend knowledge about developments and trends
• International and risk-taking mindset
• Strong Communication skills
• Excellent command of English language
• Excellent knowledge of MS-Office applications

Requisite Education and Experience / Minimum Qualifications:

• University degree or adequate education with emphasis on business or Total Rewards
• Proven executive management influencing skills
• 10+ years of overall work experience within HR, Compensation & Benefits
• Minimally two years direct exposure to Executive Compensation
• 8+ years of leadership experience of direct or indirect teams
• Experience working in an international matrix organization
• High level of affinity to and experience with Business computing solutions

AT ADIDAS WE HAVE A WINNING CULTURE. BUT TO WIN, PHYSICAL POWER IS NOT ENOUGH. JUST LIKE ATHLETES OUR EMPLOYEES NEED MENTAL STRENGTH IN THEIR GAME. WE FOSTER THE ATHLETE’S MINDSET THROUGH A SET OF BEHAVIORS THAT WE WANT TO ENABLE AND DEVELOP IN OUR PEOPLE AND THAT ARE AT THE CORE OF OUR UNIQUE COMPANY CULTURE: THIS IS HOW WE WIN WHILE PLAYING FAIR.

• COURAGE: Speak up when you see an opportunity; step up when you see a need..
• OWNERSHIP: Pick up the ball. Be proactive, take responsibility and follow-through.
• INNOVATION: Elevate to win. Be curious, test and learn new and better ways of doing things.
• TEAMPLAY: Win together. Work collaboratively and cultivate a shared mindset.
• INTEGRITY: Play by the rules. Hold yourself and others accountable to our company’s standards.
• RESPECT: Value all players. Display empathy, be inclusive and show dignity to all.

At adidas, we strongly believe that embedding diversity, equity, and inclusion (DEI) into our culture and talent processes gives our employees a sense of belonging and our brand a real competitive advantage.

- Culture Starts With People, It Starts With You -

By recruiting talent and developing our people to reflect the rich diversity of our consumers and communities, we foster a culture of inclusion that engages our employees and authentically connects our brand with our consumers.