Compensation Principal

About the role

The Compensation Principal acts as a business partner and subject matter expert to provide consultation, analysis and advice to Human Resources Relationship Managers, business leaders, and managers regarding compensation related matters. The role has high visibility within the firm and requires a consulting style approach to partner with HR on a variety of compensation initiatives.

Responsibilities

• Point of contact for business leaders, HR and managers for compensation related matters (within designated business groups).
• Proactively share insights into compensation market trends impacting the various business areas.
• Undertake market competitive analysis and share findings internally.
• Ensure compensation structures and levels are competitive to allow the firm to attract and retain employees.
• Advises on compensation levels for new hire offers and conducts supporting analysis.
• Works as part of the Global Compensation team to design and manage base pay and corporate bonus programs.
• Supports the delivery of the annual compensation review cycle.
• Undertakes projects as required, which could include areas such as conducting in-depth analysis or developing compensation structures for new roles/business areas.
• Works with others to develop procedures, analytics and compensation reporting, including supporting with the preparation of content for Compensation Committees.
• Participates in industry network forums to keep abreast of trends.
• Helps to ensure that the firm’s policies are current with regard to market trends, practices and costs.

Qualifications

• Comprehensive knowledge and experience of compensation/reward practices.
• Minimum of 7 years of relevant experience working in a field of Compensation, either in-house or within a consulting environment.
• Financial Services background preferred.
• Exceptional analytical and numeracy skills; comfortable working with large amounts of data and communicating data findings.
• Customer service orientation with a demonstrated desire to exceed expectations – ability to serve multiple customers (employees, managers, HR).
• Excellent written and verbal communications skills are required – to interface with all levels of the organization and translate data findings into clear and concise documents and presentations.
• A high attention to detail with an emphasis on accuracy, coupled with the ability to see the broader picture.
• A roll-your-sleeves up / hands-on attitude. Comfortable working in a broad role and undertaking a variety of activities, ranging from spreadsheet analysis to presenting to senior leaders.
• A proactive approach. Willingness to be creative, make recommendations and exercise initiative.
• Strong cross-cultural awareness, sensitivity, and high level of confidentiality.
• Ability to exercise problem solving skills and independent judgement using analytical and consulting skills.
• Strong project management skills – e.g., develop project plans, scope and ensure execution and delivery.
• Excellent interpersonal skills and the ability to comfortably interact with people at all levels of the organization.
• Ability to work independently and in a team environment.
• Ability to use discretion and deal effectively with uncertainty, change and ambiguity.