Compensation Consultant – London recruitment
Wells Fargo Company is a diversified financial services company providing banking, insurance, investments, mortgage, and consumer and commercial finance. We’re headquartered in San Francisco, California, with offices from coast to coast in the U.S. and overseas — and strategic relationships with more than 3,000 banks around the world.
Our international division truly spans the globe, with a combined workforce of more than 2,700 dedicated team members and more than 30 overseas offices. Through our coast-to-coast U.S. presence, overseas offices in strategic Locations, and technology platforms, we provide our clients the direct and on-the-ground support they need to effectively manage all their global business in 130 countries.
The London branch of Wells Fargo, based in Fenchurch Street, has approximately 300 Team Members.
Our vision: “We want to satisfy all our customers’ financial needs and help them succeed financially.”
Responsibilities
The primary areas of responsibility for the role are as follows:
This role will be responsible for designing, implementing, and monitoring total cash compensation programs for Wells Fargo across the EMEA region. The compensation consulting responsibilities include:
- Project planning management of compensation related projects, international compensation design, incentive modeling/cost analyses, development of communications materials and determining implementation requirements and processes.
- As the EMEA compensation subject matter expert, provides strategic consultative services to the lines of business dealing with the development of base salary and incentive compensation programs directly addressing business challenges that align with the attainment of established financial goals.
- Proactively partners with Human Resources professionals, Line of Business managers, Finance, Legal, Compliance, and International Compensation and Benefits when designing compensation programs.
- Conducts market competitive assessments for customers by participating in or conducting salary surveys and analyzing relevant data.
- Analyzes internal and external compensation data utilizing quantitative, financial and statistical tools while ensuring compensation related projects are successfully concluded and properly implemented.
- Reviews existing and proposed statutory compensation requirements and recommends appropriate course of action.
- Trains HR professionals in the art of compensation and designs/modifies compensation tools and processes.
- Manages special projects and creates ad hoc reports to analyze specific compensation-related issues and develops solution.
Requirements
The successful candidate will be able to demonstrate:
- Extensive Incentive design expertise, including strong International Compensation Expertise
- Strong business acumen, detail oriented, strong interpersonal and negotiation skills, team player, results oriented, self motivated, and innovative.
- Expert strategic, analytical and conceptual problem-solving skills
- Expert at managing multiple clients and projects
- Excellent verbal and written communication and presentation skills
- Proficient in MS Excel, PowerPoint, Word, and Access
- CIPD Reward Management certification a strong plus
Confirmation of the right to live and work in the United Kingdom will be required. If you are a non-EU national, you may visit the Border and Immigration Service website http://www.ukba.homeoffice.gov.uk/workingintheuk/ for details of the new Points Based Immigration System. Candidates who cannot establish the right to live and work in the United Kingdom will not be considered.