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- Tasks: Design and implement data analytics frameworks for compensation reporting and regulatory submissions.
- Company: Join a leading financial institution with a commitment to excellence and innovation.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Dynamic role with a focus on compliance and operational excellence across Europe.
- Why this job: Make a real impact on compensation strategies while collaborating with top executives.
- Qualifications: Experience in compensation and data analytics, with strong Excel and PowerPoint skills.
The predicted salary is between 60000 - 80000 £ per year.
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.
- Utilise 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.
Education / Experience:
- 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)
Manager, Compensation Europe employer: Scotiabank
Contact Detail:
Scotiabank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager, Compensation Europe
✨Tip Number 1
Network like a pro! Reach out to connections in the finance and compensation sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company’s values and recent projects. Tailor your responses to show how your skills in data analytics and compensation align with their goals. We want you to shine, so practice common interview questions and have your own ready!
✨Tip Number 3
Showcase your analytical skills! Bring examples of past projects where you’ve designed data models or automated reporting processes. Use visuals if you can – a well-crafted dashboard can speak volumes about your capabilities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our brand. Let’s get you that dream job!
We think you need these skills to ace Manager, Compensation Europe
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Compensation Data Manager. Highlight your experience in data analytics and compensation, and don’t forget to showcase any relevant projects that demonstrate your skills in regulatory submissions and reporting frameworks.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific experiences that align with the job description, especially your ability to collaborate with cross-functional teams like Payroll and HR Operations.
Showcase Your Analytical Skills: Since this role heavily relies on data analytics, make sure to highlight your proficiency with advanced analytics tools. Provide examples of how you've used these tools to identify trends or improve processes in previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Scotiabank
✨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 common trends and issues in the industry, as well as the specific regulatory requirements mentioned in the job description.
✨Showcase Your Collaboration Skills
This role involves working closely with Payroll, Finance, and HR Operations. Be prepared to discuss your experience in cross-functional collaboration. Think of examples where you've successfully gathered and validated data sets, and how you navigated any challenges that arose during those processes.
✨Demonstrate Your Analytical Prowess
Utilising advanced analytics tools is key in this position. Be ready to talk about the tools you're proficient in, especially Excel and PowerPoint. Prepare to share specific instances where you've identified trends or inconsistencies in data, and how you addressed them to improve reporting accuracy.
✨Understand Regulatory Frameworks
Since compliance with European regulatory bodies is crucial, make sure you have a solid understanding of the relevant regulations like EBA, PRA, and FCA. Research these frameworks and be prepared to discuss how they impact compensation data management and reporting in your previous roles.