Compensation Manager

About This Role

Here at Capital One, Compensation is an important component of our Total Rewards strategy which focuses on delivering Total Rewards that compel the best people to join and stay with Capital One and empower them to live their best lives. We are looking for a Manager, Compensation to join our International compensation team who are detailed, results-oriented and flexible with the ability to manage multiple initiatives in a fast-paced environment. This role is responsible for designing, planning, and implementing compensation programs, policies, and procedures in the UK.

We work in a business-casual, collaborative environment where one’s contributions are recognised, successes are elevated and effort is rewarded. We bring an analytically rigorous, data-driven approach to compensation and are focused on improving the associate experience including associate understanding of pay. The ideal candidate for this role should exhibit strong communication, influencing, and problem-solving skills towards all stakeholders. Experience gathering requirements and digging into the details of business objectives along with the ability to translate these requirements into terms that others can develop solutions for is critical.

What you’ll do

• Partner with HR and senior business leaders to develop pay programs for our UK Business while exhibiting strong communication, influencing, and problem-solving skills and ensuring alignment with the HR and business strategy for Capital One in the UK.
• Deliver expert compensation consulting and develop proposals and presentations about compensation programs (including market data and appropriate pay levels/targets) to influence and educate senior level decision-makers.
• Serve as the primary compensation point of contact for mid-year and year-end compensation cycles for assigned client groups, ensuring smooth execution and managing within internal and external controls.
• Contribute to strategic compensation projects, key initiatives or processes horizontally across client groups.
• Collaborate with recruiters to develop competitive offer packages for external hires.
• Perform deep analysis on effectiveness and competitiveness of existing compensation programs and model potential impact of alternatives.
• Conduct benchmarking and job evaluations using market data and internal evaluation, and regularly analyse our market position on jobs; make recommendations on market adjustments.
• Research and formulate recommendations on external and internal employment offers, job leveling, and internal equity adjustments through the use of salary surveys and internal compensation tools.
• Draft plans, educational materials, and communications designed to provide associates, managers, and HR partners with timely and accurate information regarding compensation initiatives.
• Be an influential HR leader who thinks beyond compensation programs and builds strategic initiatives in close partnership with our HR analytics and benefits teams.
• Demonstrate an understanding of UK labor and pay equity laws to effectively audit, analyse and develop internal compensation practices inclusive of corrective actions as needed.
• Provide compliance consultation to HR and your business clients.

What we’re looking for

• Compensation management experience, preferably within a regulated industry.
• High level of experience with building compensation models and conducting pay analysis.
• Experience in a client consulting role.
• Advanced Google Sheets / Excel skills (VBA, macros, array functions) and experience in developing data-based stories in PowerPoint / Google Slides.
• Great attention to detail to understand compensation analytics and how to present to senior business leaders.
• Ability to work cross-functionally and globally with lots of stakeholders to drive compensation decisions.
• Experience with Workday (desirable).
• Experience with benchmarking tools (BetterComp) or reporting tools (Tableau, Business Objects).
• Knowledge of human resources and compensation, including knowledge of local laws/regulations relating to compensation.

Where and how you'll work

This is a permanent position and can be based in our Nottingham or London office. We have a hybrid working model, so you’ll be based in our office 3 days a week on Tuesdays, Wednesdays and Thursdays, and can work from home on Monday and Friday. Many of our associates have flexible working arrangements, and we’re open to talking about an arrangement that works for you.

What’s in it for you

Bring us all this - and you’ll be well rewarded with a role contributing to the roadmap of an organisation committed to transformation. We offer high performers strong and diverse career progression, investing heavily in developing great people through our Capital One University training programmes (and appropriate external providers). Immediate access to our core benefits including pension scheme, bonus, generous holiday entitlement and private medical insurance – with flexible benefits available including season-ticket loans, cycle to work scheme and enhanced parental leave. Open-plan workspaces and accessible facilities designed to inspire and support you. Our Nottingham head-office has a fully-serviced gym, subsidised restaurant, mindfulness and music rooms. In London, you can heighten your mood with a run on our rooftop running track or an espresso at the Workshop Coffee café.

Capital One is committed to diversity in the workplace. If you require a reasonable adjustment, please contact ukrecruitment@capitalone.com. All information will be kept confidential and will only be used for the purpose of applying a reasonable adjustment.