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Payroll Director

DTCC · Boston, MA · posted 3 days ago

In short: Payroll Director at DTCC in Boston, MA, posted 3 days ago.

By AtiveSite · Published 07/11/2026 · Updated 09/11/2026 · Every figure is linked to its source below.

DTCCemployer

Boston, MAlocation

Recruiting and human resourcessub-niche

3 days agoposted

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The job

LIVE Live feed (private-sector employer) Source: The Muse public API · Data: listed 2026-11-06

Employer	DTCC
Location	Boston, Massachusetts
Field	People, Legal and Administration › Recruiting and human resources
Level	Senior Level
Source category	Software Engineering
Posted	2026-11-06 (3 days ago)
Work arrangement	On-site at the location listed
Pay	Not published in the source listing

Job description

Job Description

Position Summary

The Payroll Director is responsible for leading the execution and continuous improvement of DTCC's global payroll operations. This role leads and develops a global payroll team accountable for accurate, timely, compliant, and well-controlled payroll delivery across applicable countries, jurisdictions, and payroll cycles. The Director is accountable for operational improvements, process standardization, automation, stronger controls, and effective issue resolution while partnering with Human Resources, Finance, Tax, Legal, Internal Audit, Technology, and external service providers to deliver a reliable employee payroll experience.

Responsibilities

Lead a global payroll team to execute day-to-da y payroll operations, ensuring employees are paid accurately, on time, and in compliance with applicable requirements across countries, jurisdictions, legal entities, and payroll cycles.
Lead, coach, and develop the global payroll team, setting clear accountabilities, strengthening capabilities, and ensuring effective coverage and execution across payroll operations.
Drive continuous improvement across payroll processes by simplifying and standardizing workflows, eliminating manual activity, improving data quality, and applying automation and AI-enabled capabilities where appropriate to improve efficiency, accuracy, controls, and the employee experience.
Own the payroll control environment, including reconciliations, approvals, accounting interfaces, reporting, data integrity, issue remediation, business continuity, audit readiness, and regulatory compliance. Establish and monitor payroll operational and control metrics; identify root causes, resolve issues, and implement sustainable corrective actions.
Lead payroll process changes from requirements through implementation and stabilization, partnering with Technology and HR teams and bringing an AI-forward mindset to identify practical opportunities for smarter, more scalable ways of working.
Manage payroll vendors and service providers, holding them accountable for service quality, controls, timely issue resolution, and delivery of agreed improvements (ADP SmartCompliance, ADP Celergo, ADP WorkForce Manager) .
Partner with Compensation, Benefits, HR Operations, Mobility, Finance, Tax, Legal, and Technology to execute complex payroll requirements, including executive compensation, incentives, deferred compensation, benefits, leaves, mobility, and employee lifecycle events.
Maintain clear payroll policies, procedures, process documentation, and operating controls to support consistent execution, compliance, and knowledge continuity.
Serve as the payroll subject matter expert for senior leaders and cross-functional partners, providing practical guidance on payroll operations, risk, regulatory developments, and complex issues.
Lead payroll responses to internal and external audits and regulatory reviews, ensuring timely, accurate responses and completion of remediation actions.

Qualifications

Minimum of 15 years of related experience, including significant payroll leadership responsibility .
Bachelor's degree preferred, or equivalent experienc e.
Extensive payroll leadership experience in a large, complex, highly controlled, or regulated organization, with hands-on accountability for global or multi-jurisdiction payroll delivery.
Demonstrated experience leading and developing a global payroll team and strengthening operational capability through change.
Deep knowledge of payroll operations, payroll tax, wage and hour requirements, accounting and reconciliations, statutory compliance, and payroll controls.
Proven experience driving payroll process improvement, standardization, automation, and system implementations or integrations, with curiosity and an AI-forward mindset to evaluate and adopt emerging capabilities that improve payroll operations.
Strong understanding of payroll implications across compensation, incentives, deferred compensation, benefits, mobility, leaves, and employee lifecycle events.
Experience managing third-party payroll providers and driving service, control, and operational improvements.
Strong analytical and problem-solving skills with the ability to identify root causes, assess risk, and implement sustainable solutions.
Excellent communication and stakeholder-management skills, including the ability to explain complex payroll matters to employees, senior leaders, auditors, regulators, and cross-functional partners.
High degree of integrity and discretion when handling confidential payroll, compensation, tax, and employee information.
Certified Payroll Professional (CPP) or comparable payroll certification is preferred; global payroll certification is a plus.
Prior experience with Oracle Fusion is not required, but it is preferred.

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Explore around this job

Field: People, Legal and Administration Sub-niche: Recruiting and human resources All jobs at DTCC Jobs in Massachusetts Jobs in Boston, MA Boston city guide Massachusetts state guide Suffolk County economy

View this job and apply on The Muse →

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About the role

This is a Senior Level role in the People, Legal and Administration field (Recruiting and human resources) at DTCC. Senior roles usually expect substantial experience, ownership of results and often the ability to guide others.

We could not match this job title to one occupation in the official wage statistics, so no pay estimate is shown. Pay is not in the source listing; ask the employer for the range and compare in the 240 job niches.

Does the pay work here? (estimate)

Gross salary a year Filing State income tax rate %

Estimate for a wage earner: 2026 federal brackets and standard deduction (IRS), Social Security 6.2% up to $184,500, Medicare 1.45% (+0.9% above $200,000 single / $250,000 married), and a state rate you set; set your own state tax rate. It ignores credits, pre-tax deductions, local taxes and benefits. Sources: IRS: tax year 2026 inflation adjustments · SSA wage base per Federal Register notice 2025-19763.

How to prepare and behave

This is editorial guidance, not information from the employer.

Read the whole description and match your examples to its requirements; use the same words the posting uses where they are true for you.
Research the employer before the interview: what it does, who its customers are and recent news; prepare two or three questions about the work.
Arrive early (or log in early for a video call), dress one step above the daily dress code, and test your camera and audio beforehand.
Answer with short stories: the situation, what you did and the result. Give numbers when you have them and never invent them.
Be honest about gaps; say what you did to learn and how fast you can close them.
Ask about the team, the first 90 days, how success is measured and the schedule; do not open with salary and time off.
When pay comes up, know the market range for the occupation and your lowest acceptable offer before you answer; ask for the full package in writing.
Send a short thank-you message within a day, mentioning one thing you discussed.

Know your rights as a candidate and an employee:

The city

The job is in Boston, MA. Below is what the official statistics say about living and working there.

How Boston compares. Among the 80 largest places in Massachusetts, Boston is #1 by population, #75 for homeownership (#1 = highest), #62 for rent (#1 = cheapest), #28 for remote work (#1 = most). Its county, Suffolk County, is #1 of 14 counties for average pay ($131,280).

The place in numbers

Boston has 666,442 residents (ACS 2020–2024), about 9.5% of the population of Massachusetts. It covers 48 square miles of land, which works out to roughly 13,786 people per square mile. The median age is 33.3, 17% younger than the state median (33.3 against 40.0).

Housing

The median gross rent is $2,147 a month (rent plus utilities), 22% above the state median ($2,147 against $1,762). Over a year that is 26.5% of the median household income. US housing guidance treats housing as affordable when it takes 30% of income or less, so the typical household is under that line. The median home value is $731,700, which is 7.5 times the median household income ($97,344); a ratio above 5 usually means buying is out of reach without savings or a second income. 35.7% of households own their home, 43% below the state average (35.7% against 62.5%). A low ownership share points to a rental-heavy market with more apartments and shorter stays.

Work and pay

The Boston-Cambridge-Newton, MA-NH metropolitan area has 2,703,890 jobs in the BLS wage survey, and the median pay across all occupations is $66,620 a year, 31% above the national median ($66,620 against $50,980). The biggest occupation groups are office and administrative support (265,830 jobs, median $56,580); management (254,700 jobs, median $166,580); business and financial operations (242,960 jobs, median $102,660). The area is most specialised in life, physical, and social science (2.6 times) and architecture and engineering (1.4 times), where the share of workers is well above the national share. The best-paying groups with at least 5,000 jobs are management ($166,580) and legal ($135,160). In 2026M09 the unemployment rate of Suffolk County was 4.2%. 69.9% of residents aged 16 and over are in the labour force. The city lies in Suffolk County; its jobs, pay by industry and GDP are on the county page.

Getting around

Among workers, 32.9% drive alone, 22.6% use public transit, 13.4% walk, 21.3% work from home. 22.0% of workers commute 45 minutes or more, about the same as the state average (22.0% against 21.5%).

People and education

54.9% of adults aged 25 and over hold a bachelor's degree or higher, 16% above the state share (54.9% against 47.3%). 27.8% of residents were born outside the United States, 54% above the state share (27.8% against 18.1%). The poverty rate is 16.6%, 65% above the state rate (16.6% against 10.0%).

Climate

The warmest month is Jul, averaging 72°F (22.4°C), and the coolest is Jan at 26°F (-3.5°C). About 1,206 mm (47 inches) of precipitation falls in a year; Oct is the wettest month (123 mm) and Jan the driest (80 mm). These values come from NASA satellite-based climatology on a grid of about 50 km, so they describe the wider area, not a weather station in the city.

Nearby cities to compare

Closest cities in this guide: Winthrop Town (4 miles, rent 4% lower); Chelsea (4 miles, rent 9% lower); Everett (5 miles, rent 3% lower); Quincy (5 miles, similar rent). Rent differences are against Boston; use the Compare tab to put any two cities side by side.

Full guide to Boston →Massachusetts guide All jobs in Boston

Official links for Boston

These links go to official sources and open in a new window. The first one is the government's or company's own site as listed in Wikidata (property "official website"); check it before relying on it.

Where to live

CITY Official statistics Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year (via Census Reporter) · Data: ACS 2020–2024

Places within 50 miles (straight line) of Boston, MA that have a guide, with what living there costs. No pay estimate is shown because the title did not match one occupation.

Sort:

Place ⇅	Distance from the job city ⇅	Median rent ⇅	Median home value ⇅	Median household income ⇅	Commute 45+ min ⇅	Rent as % of occupation pay ⇅	Open jobs there ⇅
Boston, MA	0 mi	$2,147	$731,700	$97,344	22.0%	n/a	Jobs
Winthrop Town, MA	4 mi	$2,064	$649,600	$116,167	31.2%	n/a	—
Chelsea, MA	4 mi	$1,956	$493,500	$72,179	28.1%	n/a	—
Everett, MA	5 mi	$2,076	$610,000	$85,218	31.6%	n/a	—
Quincy, MA	5 mi	$2,118	$618,500	$98,882	33.4%	n/a	—
Somerville, MA	6 mi	$2,517	$911,300	$132,572	20.9%	n/a	—
Cambridge, MA	6 mi	$2,787	$1,092,100	$130,748	13.3%	n/a	Jobs
Revere, MA	6 mi	$2,076	$597,400	$86,969	30.0%	n/a	—
Brookline, MA	6 mi	$2,835	$1,246,800	$142,101	14.7%	n/a	—
Malden, MA	7 mi	$2,204	$633,500	$100,606	30.2%	n/a	—
Milton, MA	7 mi	$1,474	$933,200	$188,529	28.4%	n/a	—
Medford, MA	7 mi	$2,509	$755,500	$129,540	22.0%	n/a	—
Melrose, MA	8 mi	$1,970	$822,900	$133,953	34.0%	n/a	—
Saugus, MA	9 mi	$2,241	$603,400	$101,539	19.7%	n/a	—
Belmont, MA	9 mi	$2,527	$1,159,000	$183,137	19.2%	n/a	—
Braintree Town, MA	9 mi	$2,024	$656,800	$122,214	28.9%	n/a	—
Arlington, MA	9 mi	$2,082	$933,800	$150,701	27.3%	n/a	—
Newton, MA	10 mi	$2,370	$1,264,900	$190,304	17.0%	n/a	—
Lynn, MA	10 mi	$1,722	$510,100	$75,043	23.6%	n/a	—
Weymouth Town, MA	10 mi	$1,941	$552,100	$102,714	32.9%	n/a	—

Career paths

We could not match this title to one occupation, so here are the other sub-niches in People, Legal and Administration, where your skills may carry over:

Legal and compliance (331) Administration and office (228)

Distances

CITY Calculation (straight line) Source: U.S. Census Bureau Gazetteer (coordinates) · Data: 2024

How far Boston, MA is from the 20 largest US cities, in straight-line miles (not driving distance). Click a column to sort.

Sort:

From ⇅	Straight-line distance (miles) ⇅	Population of that city ⇅
New York, NY	190 mi	8,483,844
Philadelphia, PA	268 mi	1,579,706
Columbus, OH	643 mi	914,802
Charlotte, NC	722 mi	903,844
Indianapolis, IN	807 mi	885,860
Chicago, IL	854 mi	2,711,226
Jacksonville, FL	1,017 mi	977,670
Oklahoma City, OK	1,494 mi	697,125
Dallas, TX	1,549 mi	1,307,930
Fort Worth, TX	1,578 mi	963,194
Houston, TX	1,605 mi	2,328,253
Austin, TX	1,695 mi	979,539
Denver, CO	1,762 mi	718,877
San Antonio, TX	1,766 mi	1,479,835
Phoenix, AZ	2,294 mi	1,642,323
Seattle, WA	2,489 mi	754,195
San Diego, CA	2,576 mi	1,389,526
Los Angeles, CA	2,603 mi	3,857,263
San Jose, CA	2,678 mi	990,138
San Francisco, CA	2,727 mi	830,235

Nearby cities with open jobs (within 120 miles)

Sort:

City ⇅	Straight-line distance ⇅	Open jobs ⇅
Cambridge, MA	6 mi	58
Waltham, MA	12 mi	3
Framingham, MA	21 mi	6
Andover, MA	23 mi	8
Barrington, RI	44 mi	1
Amherst, MA	77 mi	14

The employer

DTCC is the employer in this listing. See all its open jobs here →

We do not hold headcount or revenue for this employer. Check its careers site and, if it is listed on a stock exchange, its public filings (SEC EDGAR search).

What it is like to work at a company (culture, schedules, benefits) is not in the source data, so we do not describe it. Read the description and ask the questions under "How to prepare".

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FAQ

What is the Payroll Director job at DTCC?

A senior level role in people, legal and administration (recruiting and human resources) listed 3 days ago. The full description is on this page and on The Muse.

Where is this job?

Boston, MA.

How do I apply?

Use the "View this job and apply on The Muse" button. AtiveSite does not receive applications.

How much does it pay?

The listing does not publish pay, and we could not match the title to one official occupation.

What is the cost of living there?

Median rent in Boston is $2,147 a month and median household income $97,344 (ACS 2020–2024).

How old is this listing?

It was posted on 2026-11-06 (3 days ago). Jobs older than 90 days are not shown.

Are there similar jobs?

Yes: browse recruiting and human resources jobs in Massachusetts.

Sources and terms

Job data: The Muse public API (listing dated 2026-11-06). The job disappears from this site when it disappears from the source.
Wages and projections: BLS OEWS (May 2025) and Employment Projections 2025–35.
City and county figures: Census Bureau ACS 2020–2024, BEA, BLS QCEW and LAUS, NASA POWER climatology; distances from Census Gazetteer coordinates.

AtiveSite is not affiliated with or endorsed by The Muse, the employer or any government agency, and does not process applications. Verify every detail with the employer before acting.

Sources

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