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Our leading wealth management client is looking for a talented Compensation Business Consultant to join their team! As a Compensation Business Consultant, you will serve as an experienced, sole contributor and strategic advisor to business leaders and internal HR partners within our premier wealth management division. You will consult on complex compensation matters, develop and implement tailored compensation strategies, and provide deep subject-matter expertise ranging from market analysis to plan design.
Job Responsibility
Manage business client group relationships, regularly consulting with senior management and HR Business Partners on total compensation issues, design principles, and regulations
Provide guidance and develop creative, competitive solutions for base pay, annual incentives, and executive or international compensation structures
Consult with business groups on compensation impacts of organizational changes
Support and lead annual compensation cycles including market studies, bonus administration, job analysis/pricing, and annual review processes
Support Common Role Framework and configure Workday for new international locations
Lead compensation-related projects and process improvement initiatives
Perform deep-dive analyses on compensation program effectiveness and model impacts
Translate complex data into actionable insights using Tableau, Power BI, and Excel
Review, develop, and implement compensation tools, programs, and processes
Lead development of educational materials and communication strategies for compensation initiatives
Requirements
Full knowledge of compensation principles as an experienced individual contributor, ideally within financial services, wealth management, or a similarly complex corporate environment
Proven track record of consulting, influencing, and building strong relationships with senior management and internal HR stakeholders
Exceptional analytical skills with the ability to perform deep data analysis
High proficiency in Advanced Excel
Hands-on experience using Tableau, Power BI, or advanced Excel dashboards to present complex research
Familiarity with job analysis methodologies, external market benchmarking, and specialized compensation areas
Nice to have
Working knowledge of Workday Advanced Compensation and advanced Workday reporting
Experience navigating the regulatory landscape and unique compensation structures inherent to top-tier wealth management or financial institutions