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- Tasks: Lead compensation strategy and design for a dynamic financial services environment.
- Company: Join U.S. Bank, a leader in innovative financial solutions.
- Benefits: Competitive salary, performance incentives, and inclusive benefits focused on wellbeing.
- Why this job: Make a real impact on compensation practices that support diverse talent.
- Qualifications: 10+ years in compensation management, preferably in financial services.
- Other info: Opportunities for continuous development and career progression.
The predicted salary is between 36000 - 60000 £ per year.
At U.S. Bank, we are on a journey to help customers and businesses make better financial decisions, enabling communities to grow and succeed confidently. A career with U.S. Bank offers a wide range of opportunities to discover what makes you thrive.
As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building platforms that help over 1.5 million customers achieve their financial goals. We are building tailored payment solutions powered by the latest technology.
We actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation. We offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity.
Job Description
The role will lead the compensation strategy, design, governance, and delivery across Europe, including executive remuneration, annual and long-term incentives, job architecture, and salary structures, ensuring practices are competitive, compliant, equitable, and aligned to business objectives in regulated financial services.
- Regional Compensation Strategy and Design: Own the development and maintenance of regional salary structures and job architecture within the global framework, ensuring alignment with global standards while adapting to local market conditions and regulatory requirements.
- Annual Compensation Year-end Process: Lead the regional execution of the annual compensation cycle, including modelling, calibration, risk adjustment, and communication.
- Executive Compensation & Governance: Implement executive pay frameworks across the region, tailoring them to local compliance and cultural nuances.
- Financial Management: Partner with finance to ensure that the annual compensation expense remains within plan and annual forecasting incorporates compensation planning.
- Regulatory Compliance & Risk Management: Partner with the Europe HR Regulatory and Risk team to manage the MRT identification process and produce accurate regulatory reports and disclosures.
- Stakeholder Engagement & Advisory: Serve as the regional subject matter expert for compensation, advising HR Talent Consultants and senior leaders on pay decisions and market trends.
- Team Leadership: Manage and develop the regional compensation team, building expertise in compensation, executive pay, regulatory compliance, and analytics.
Experience required
- Generally, the role requires a degree or equivalent but candidates with exceptional experience without a qualification to degree level will be considered.
- Minimum of 10 years' experience in compensation management, preferably within the financial services.
- Demonstrable proven success in the design, operation, and management of sales incentive plans.
- Practical knowledge and understanding of key European compensation legal and regulatory topics applicable to credit institutions and investment firms.
- Experience in developing, implementing, and managing risk and compliance associated with frameworks, policies, and procedures.
- Proven track record of designing communications to senior executives and broader employee communications.
- Demonstrable experience of interaction, influencing, and reaching agreed-upon solutions at management and executive levels.
- Proven track record of working independently on your own initiative and delivering practical outcomes to a professional standard.
- Proven to be resilient and able to handle multiple priorities, meeting deadlines whilst maintaining high work standards.
- Experience in managing different stakeholders including second and third lines of defense.
- Collaborative approach with strong emphasis on delivery and execution.
- Proven analytical skills.
- Intermediate computer skills are needed; including experience with Microsoft Office applications.
Accessibility
We are committed to providing an inclusive and accessible recruitment experience. If you need adjustments at any stage of the application or hiring process, please contact your recruiter for guidance and support.
Total Rewards
U.S. Bank is committed to fair, equitable, and transparent compensation practices in line with local regulatory and legal requirements. Our total rewards approach is designed to attract, retain, and support top talent while ensuring equal pay for work of equal value.
We offer a market-competitive compensation package that includes clearly defined salary ranges aligned with industry benchmarks and internal equity standards, performance-based incentives, inclusive equitable benefits, continuous development opportunities, and employee recognition programs.
We regularly review our compensation and benefits to ensure they remain competitive, inclusive, and responsive to employee needs and market trends. Further details of the compensation package will be provided upon application.
We encourage candidates to explore the full value of our offer, including monetary and non-monetary benefits.
Closing Date
Posting may be closed earlier due to high volume of applicants. We aim to provide timely updates throughout the process and encourage early applications to ensure consideration.
Compensation Manager in London employer: Elavon
Contact Detail:
Elavon Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compensation Manager in London
✨Tip Number 1
Network like a pro! Reach out to people in your industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you answer questions confidently and show that you're genuinely interested in the role.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or use online resources to refine your answers. The more comfortable you are speaking about your experience and skills, the better you'll perform in the real deal.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Compensation Manager in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Compensation Manager role. Highlight your relevant experience in compensation management and how it aligns with our mission at U.S. Bank. We want to see how you can contribute to our journey!
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Use specific examples of how you've successfully designed and implemented compensation strategies in the past. This will help us understand your impact and potential.
Be Clear and Concise: Keep your application clear and to the point. Use straightforward language and avoid jargon where possible. We appreciate clarity, and it helps us quickly grasp your qualifications and fit for the role.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details about the role and our company culture there!
How to prepare for a job interview at Elavon
✨Know Your Numbers
As a Compensation Manager, you'll need to be well-versed in salary structures and compensation trends. Brush up on the latest market data and be ready to discuss how you would approach benchmarking and pay modelling. This shows that you're not just familiar with the role but also proactive about staying informed.
✨Showcase Your Strategic Thinking
Prepare examples of how you've developed and implemented compensation strategies in the past. Be ready to discuss how you aligned these strategies with business objectives and regulatory requirements. This will demonstrate your ability to think critically and strategically, which is crucial for this role.
✨Engage with Stakeholders
Think about how you would engage with various stakeholders, from HR to senior executives. Prepare to share your experiences in influencing decisions and managing escalations. Highlighting your collaborative approach will resonate well with the company's emphasis on teamwork and stakeholder engagement.
✨Be Ready for Compliance Questions
Given the regulatory nature of the role, expect questions around compliance and risk management. Familiarise yourself with key European compensation laws and be prepared to discuss how you've ensured compliance in previous roles. This will show that you understand the importance of governance in compensation management.
