At a Glance
- Tasks: Design and implement data analytics frameworks for compensation-related insights and reporting.
- Company: Join Scotiabank, a leading bank in the Americas with a commitment to inclusivity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic role with exposure to top executives and regulatory compliance.
- Why this job: Make an impact by supporting strategic decision-making through data analytics.
- Qualifications: Graduate level with experience in compensation and data analytics.
The predicted salary is between 60000 - 80000 £ per year.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
We are seeking a highly skilled and detail-oriented Compensation Data Manager to join our team. This role is critical in supporting regulatory submissions, internal governance, and strategic decision-making through robust data analytics and reporting frameworks.
Accountabilities
- Design and implement robust data analytics frameworks to extract, transform, and analyse compensation-related data for regulatory submissions and internal reporting.
- Develop and maintain compensation data models and dashboards to monitor trends, ensure data quality, and support internal governance committees and decision-making.
- Lead cross-functional data gathering efforts, collaborating closely with Payroll, Finance, and HR Operations to compile and validate required data sets.
- Utilize advanced analytics tools to identify trends, outliers, and inconsistencies in pay data across business units, countries, and employee levels, including for equal pay audits and assessments.
- Automate recurring compensation reporting processes to improve accuracy, efficiency, and auditability of data used for the CBI, EBA, FCA, PRA, CRD V/VI, and other legislative reporting obligations.
- Support remuneration regulatory rules mapping, by tracking and maintaining relevant rules gap analysis for the UK and Ireland (including maintenance of the iRCM regulatory rules and controls libraries).
- Support recruitment and/or executive appointments, year-end incentive planning, remuneration benchmarking and collaborating with HR Business partners on relevant projects.
- Actively pursue effective and efficient operations in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Dimensions
- European (UK and Ireland) scope
- Supports minimum of 4 UK ROC, 4 SIDAC ROC, 4 BNSL RemCo and 4 SIDAC RemNomCo meetings per year
- Compliance with European regulatory bodies and/or requirements, including EBA, PRA, FCA, CBI, etc.
- Highly proficient with Microsoft Office suite of products, particularly in Excel and PowerPoint
- Good presentation skills
Education / Experience
- Graduate Level
- Substantial financial industry experience in compensation and data analytics
- Work product is provided to top executives and board members, so timeliness, quality, presentation and accuracy are essential
- High level of MS Office mainly Excel and PowerPoint
Location(s): England : Greater London : London (UK)
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
Manager, Compensation Europe in London employer: Scotiabank Global Site
Scotiabank is an exceptional employer, offering a dynamic and inclusive work culture that prioritises employee growth and development. Located in the heart of London, our team thrives on collaboration and innovation, providing opportunities to engage with top executives while contributing to meaningful projects that shape the future of banking. With a commitment to diversity and accessibility, we ensure that every employee feels valued and empowered to succeed.
StudySmarter Expert Advice🤫
We think this is how you could land Manager, Compensation Europe in London
✨Tip Number 1
Network like a pro! Reach out to people in your industry on LinkedIn or at events. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We want to see you shine, so practice common interview questions and think about how your skills fit the role.
✨Tip Number 3
Showcase your skills with a portfolio or case studies. If you’ve worked on relevant projects, bring them up during interviews to demonstrate your expertise and problem-solving abilities.
✨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 are proactive about their job search.
We think you need these skills to ace Manager, Compensation Europe in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in compensation data management. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant achievements!
Showcase Your Analytical Skills:Since this role is all about data analytics, be sure to include specific examples of how you've used data to drive decisions or improve processes. We love numbers, so if you can quantify your impact, even better!
Keep It Professional Yet Personal:While we appreciate a professional tone, don’t be afraid to let your personality shine through. Share your passion for compensation analytics and how you can contribute to our inclusive culture at Scotiabank.
Apply Through Our Website:Remember, the best way to apply is directly through our website. This ensures your application gets to the right people quickly. Plus, it shows us you're serious about joining our team!
How to prepare for a job interview at Scotiabank Global Site
✨Know Your Data Inside Out
As a Compensation Data Manager, you'll be dealing with a lot of data analytics. Make sure you brush up on your knowledge of compensation-related data and the tools used for analysis. Familiarise yourself with the specific regulatory requirements mentioned in the job description, like EBA and FCA, so you can speak confidently about how you would handle these in your role.
✨Showcase Your Collaboration Skills
This role requires working closely with Payroll, Finance, and HR Operations. Prepare examples of past experiences where you've successfully collaborated across departments. Highlight your ability to lead cross-functional data gathering efforts and how you ensure data quality when working with different teams.
✨Demonstrate Your Analytical Mindset
Be ready to discuss how you've used advanced analytics tools in previous roles. Think of specific instances where you've identified trends or inconsistencies in data. This will show that you not only understand the technical side but can also apply it to real-world scenarios, which is crucial for this position.
✨Prepare for Presentation Questions
Since your work will be presented to top executives and board members, practice how you would present complex data in a clear and engaging way. Be prepared to answer questions about how you ensure the accuracy and timeliness of your reports, as well as how you would automate reporting processes to improve efficiency.
