Compensation Consultant

  • Location: London, England, United Kingdom
  • Salary: Not Specified
  • Job Type: Full time

State Street Purpose of Role: * The Total Rewards team is focused on the design, implementation and management of employee compensation plans, with the goal of creating incentives to drive employee engagement and appropriate behaviours. The team also advises on the regulatory and governance-related compensation

State Street

Purpose of Role:

  • The Total Rewards team is focused on the design, implementation and management of employee compensation plans, with the goal of creating incentives to drive employee engagement and appropriate behaviours. The team also advises on the regulatory and governance-related compensation requirements, to ensure compliance with local, regional and global regulatory frameworks. In addition to day-to-day management of key deliverables, such as supporting compensation decisions and the annual compensation review cycle, the team supports a varied portfolio of projects, partnering as a virtual team with colleagues across the globe.

Role specifics

  • Generalist support of regional compensation workflows and day-to-day management of key Global Total Rewards (GTR) deliverables including the annual compensation review (Total Compensation Planning “TCP”)
  • Interact with all legal entities across EMEA (with the exception of State Street Global Advisors)
  • Specific responsibility for management of the EMEA Distribution team’s Sales Incentive Plan (SIP)
  • Act as an SME for compensation support for Belgium, Channel Islands and France
  • Production of ad-hoc analytics and monthly/ quarterly MI (e.g., to support UK Remuneration Committee)
  • Pro-actively identifying areas for process improvement

Individual Contributor

  • Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role
  • Ensure that the highest level of the Code of Conduct is displayed in your behaviour
  • Provide appropriate management information as required to support business unit decision making
  • Support the ‘Risk Excellence’ culture within the business
  • Adhere to limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulations

Level of Education

  • Educated to undergraduate degree level

Skills and Experience

  • Proven track record in a Reward role ideally within the international financial services sector or professional services/ consultancy
  • Consideration also given to candidates who can demonstrate a highly numerate and analytical skillset outside of the compensation specialism e.g., Finance, Actuarial, Data and Analytics etc.
  • Effective written and verbal communication skills
  • Excellent analytical, problem solving skills and project management skills
  • Experience of stakeholder management
  • Knowledge of external market and trends
  • Proficient knowledge of Excel and PowerPoint

Required Competencies

  • Highly motivated and strong team-player
  • Commercial thinker and strong multi-tasker
  • Strong focus on client service delivery and building relationships, both internal and external
  • Proactive, expected to put forward ideas/suggestions to improve policies, processes and procedures