At a Glance
- Tasks: Design and implement data analytics frameworks for compensation-related insights and reporting.
- Company: Join a leading financial institution with a commitment to excellence and innovation.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborate with top executives and gain exposure to regulatory compliance.
- Why this job: Make a real impact on strategic decision-making through data-driven insights.
- Qualifications: Graduate level with experience in compensation and data analytics.
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 with 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 with respect to 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 of respective areas 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.
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)
Manager, Compensation Europe (London (UK), ENG, GB, EC2M 3NS) employer: Scotiabank
Scotiabank is an excellent employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. Employees benefit from a strong focus on professional development, competitive compensation packages, and a commitment to fostering a customer-centric culture that enhances client relationships. With opportunities for growth and a supportive team atmosphere, Scotiabank stands out as a rewarding place to advance your career in counterparty credit risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Manager, Compensation Europe (London (UK), ENG, GB, EC2M 3NS)
✨Tip Number 1
Network like a pro! Reach out to connections in the finance and compensation sectors. Attend industry events or webinars to meet potential employers and get your name out there.
✨Tip Number 2
Prepare for interviews by researching the company and its compensation practices. Be ready to discuss how your skills can help them improve their data analytics frameworks and reporting processes.
✨Tip Number 3
Showcase your analytical skills! Bring examples of past projects where you’ve successfully implemented data models or automated reporting processes. This will demonstrate your value to potential employers.
✨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 about their job search.
We think you need these skills to ace Manager, Compensation Europe (London (UK), ENG, GB, EC2M 3NS)
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 this area.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the role. Mention specific experiences that align with the job description and show us your passion for data analytics and compensation.
Showcase Your Analytical Skills:Since this role is all about data, make sure to highlight your analytical skills throughout your application. Include examples of how you've used data to drive decisions 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!
How to prepare for a job interview at Scotiabank
✨Know Your Numbers
As a Compensation Data Manager, you'll be dealing with a lot of data. Brush up on your analytical skills and be ready to discuss how you've used data analytics in previous roles. Prepare specific examples of how you've designed frameworks or dashboards that improved reporting accuracy.
✨Understand Regulatory Requirements
Familiarise yourself with the regulatory bodies mentioned in the job description, like the EBA and FCA. Be prepared to discuss how you’ve navigated compliance in past positions and how you can ensure adherence to these regulations in your new role.
✨Collaboration is Key
This role involves working closely with Payroll, Finance, and HR Operations. Think of examples where you've successfully led cross-functional teams or projects. Highlight your communication skills and how you ensure everyone is on the same page when gathering data.
✨Showcase Your Presentation Skills
Since your work will be presented to top executives, practice how you would present complex data in a clear and engaging way. Prepare a mini-presentation on a relevant topic, focusing on clarity and visual appeal, to demonstrate your proficiency with tools like PowerPoint.
