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- Tasks: Lead the design and implementation of compensation programmes for over 6,000 employees.
- Company: Goldman Sachs is a global leader in investment banking and financial services.
- Benefits: Enjoy diverse training opportunities, wellness programs, and a commitment to inclusion.
- Why this job: Join a dynamic team driving impactful change in a fast-paced environment.
- Qualifications: Bachelor's degree and 7+ years in HR or finance; strong Excel skills required.
- Other info: This role offers a chance to work with cross-functional teams and drive process improvements.
The predicted salary is between 43200 - 72000 £ per year.
As a division, HCM is at the forefront of supporting business growth and change at Goldman Sachs by recruiting, developing, and rewarding the people of Goldman Sachs. Our teams advise, design, and implement strategies, processes, and technologies that help our people advance professionally, drive productivity, and help the firm and our clients achieve superior results.
The Firmwide Compensation Team drives the development and implementation of our compensation philosophy, policies, and practices around the world, supporting our best efforts to attract and retain the best talent available. The work is invariably of a confidential nature and requires a unique combination of skills to deliver workable solutions to a diverse range of issues. This function requires liaising with other departments such as Controllers, Legal, and Tax and will also involve providing support to other HCM functions, including HCM Business Partners, Recruiting, Employee Relations, Executive Compensation, Equity Compensation, and Global Mobility Services.
The ideal candidate will leverage their proven expertise to assist in the design and delivery of comprehensive compensation programmes to over 6,000 employees across the region. This candidate will serve as a key member of the EMEA Compensation team.
Principle Duties And Responsibilities- Serve as strategic advisor to Divisions in the design / implementation of compensation programmes and partner with divisional HCM to advise / deliver workable solutions to the business on compensation issues.
- Oversee and support region-specific compensation programmes and processes e.g., Currency Election Programme and deliver on compensation related projects in line with firm and divisional strategy.
- Work with consultants to benchmark compensation in financial services and other adjacent markets and prepare key findings, as required, to stakeholders.
- Partner with cross-functional HCM teams to advise and structure new hire compensation packages and transfer salaries for existing employees.
- Support all compensation matters relating to EMEA jurisdictions including monthly payrolls, equity make whole valuations, compensation audits and management of offer letter templates.
- Provide support and oversight for the year-end compensation process including total compensation recommendations, salaries and compensation communication.
- Partner with divisional HCM to work on any new office build-outs or acquisitions within the EMEA region.
- Work closely with Human Capital Management Engineering on system enhancements and automation to achieve operational efficiency.
- Identify continuous improvement opportunities, drive process change and create efficiencies across the function.
- Liaise with divisional HCM, Tax, Legal, and Controllers on compensation matters as necessary.
- Preferably bachelor’s degree in business administration, finance or a related field in HR.
- 7+ years of relevant work experience; experience in compensation preferred.
- Comfortable working with and analyzing large sets of data and presenting results that tell a clear and compelling story.
- Strong proficiency in Excel, comfortable with various formulae and pivot tables.
- Ability to handle multiple, time-sensitive projects while focusing on the quality of work delivered to clients.
- Highly organized, attention to detail and excellent follow-through required.
- Some functional knowledge of Executive Compensation practices and European remuneration regulations preferred.
- Strong written and verbal communication skills and ability to develop relationships with professionals across several HCM groups and act as an effective liaison to meet client needs.
- Thinks multiple steps ahead; prepares for potential problems and escalates issues when appropriate; and juggles competing deadlines effectively.
- Ability to work well both independently and in a global fast-paced team environment.
Human Capital Management - Firmwide Compensation - Vice President - Birmingham employer: Goldman Sachs
Contact Detail:
Goldman Sachs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Human Capital Management - Firmwide Compensation - Vice President - Birmingham
✨Tip Number 1
Familiarise yourself with Goldman Sachs' compensation philosophy and practices. Understanding their approach will help you articulate how your experience aligns with their goals during interviews.
✨Tip Number 2
Network with current or former employees in the Human Capital Management division. They can provide valuable insights into the company culture and expectations, which can be beneficial for your application.
✨Tip Number 3
Stay updated on trends in compensation and benefits within the financial services sector. Being knowledgeable about industry benchmarks will allow you to discuss relevant topics confidently during interviews.
✨Tip Number 4
Prepare to demonstrate your analytical skills with data. Since the role involves working with large sets of data, be ready to discuss specific examples of how you've used data analysis to drive decisions in previous roles.
We think you need these skills to ace Human Capital Management - Firmwide Compensation - Vice President - Birmingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in human capital management and compensation. Use specific examples that demonstrate your ability to design and implement compensation programmes, as well as your analytical skills with data.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Goldman Sachs. Discuss how your background aligns with their needs, particularly your experience in liaising with various departments and managing compensation-related projects.
Highlight Key Skills: Emphasise your proficiency in Excel and your ability to analyse large datasets. Mention any experience you have with executive compensation practices and European remuneration regulations, as these are crucial for the role.
Showcase Communication Abilities: Since the role requires strong written and verbal communication skills, provide examples of how you've effectively communicated complex information to stakeholders in previous positions. This will demonstrate your capability to act as a liaison across HCM groups.
How to prepare for a job interview at Goldman Sachs
✨Understand the Role and Responsibilities
Before your interview, make sure you thoroughly understand the job description and the key responsibilities of the Vice President role in Human Capital Management. Familiarise yourself with the specific compensation programmes and processes mentioned, as well as how they align with Goldman Sachs' overall strategy.
✨Prepare for Data Analysis Questions
Given the emphasis on handling large sets of data, be ready to discuss your experience with data analysis, particularly in Excel. Prepare examples that showcase your ability to analyse data and present findings clearly, as this will be crucial for the role.
✨Showcase Your Strategic Thinking
The role requires a strategic advisor mindset. Be prepared to discuss how you've previously designed or implemented compensation programmes and how you approached problem-solving in complex situations. Highlight your ability to think multiple steps ahead and manage competing deadlines.
✨Demonstrate Strong Communication Skills
As you'll be liaising with various departments, it's essential to demonstrate your strong written and verbal communication skills. Prepare to share examples of how you've effectively communicated complex information to different stakeholders and built relationships across teams.
