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About the role
- Compensation Senior Manager leading a team of compensation consultants at Wells Fargo's Corporate & Investment Banking. Advising business leaders on compensation strategies and managing compensation solutions while ensuring compliance and alignment with business goals.
Responsibilities
- Serve as a manager leading a team of compensation consultants and be a trusted advisor to business leaders, HR partners, and cross-functional teams by fostering open communication, understanding stakeholder needs, and delivering value-added compensation support.
- Develop and maintain strong partnerships with HR Business Partners, Recruiters, Finance, Legal, and Total Rewards Communities of Excellence to ensure alignment and consistency in compensation practices
- Partner with peers across functions to share best practices and consider enterprise impacts of compensation decisions.
- Assess business priorities and analyze compensation data and trends to deliver forward-thinking actionable recommendations to the business that align pay strategies with organizational goals, talent needs and market dynamics in an executive-ready manner.
- Leverage business knowledge and compensation analysis to influence the design of the job catalog, base pay structures, differentials, and other compensation programs.
- Support the annual compensation planning cycle, including merit, bonus, and equity planning, ensure readiness of key stakeholders.
- Conduct market pricing and benchmarking to inform compensation decisions and maintain competitiveness that are in alignment with business priorities.
- Review compensation in job offers for reasonableness and alignment with company practices and guidelines, influencing the business and talent acquisition partners as necessary to support equitable decisions.
- Manage readiness activities for the business in relation to enterprise-wide compensation programs and processes changes
- Lead compensation workstreams for key business changes such as reorganizations, acquisitions, or new initiatives.
- Ensure business-specific compensation practices comply with internal policies, regulatory requirements, and risk management standards.
- Communicate complex compensation concepts clearly to non-compensation audiences, including senior leaders.
Requirements
- 6+ years of Compensation experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 3+ years of management or leadership experience
- Deep understanding of Corporate Banking, Investment Banking, and Capital Markets is essential.
- Strong business acumen specific to these sectors, including familiarity with compensation structures for front-office roles
- Proven experience in designing, implementing, and managing compensation programs including base pay, incentive pay, and performance management.
- Familiarity with regulatory compliance and risk governance is highly valued.
- Experience with end-to-end implementation of strategic change initiatives; including identifying opportunities, influencing stakeholders and delivering an improved employee and manager experience.
- Ability to advise senior leaders on complex compensation matters, negotiate packages, and align compensation strategies with business goals.
- Experience consulting on job evaluations, market benchmarking, and pay equity analysis is critical.
- Effective communicator, capable of presenting with Executives.
- Advanced Excel skills, experience with Workday or similar HRIS platforms, and the ability to navigate large, sensitive datasets.
- Strong analytical skills with high attention to detail are expected
- Ability to manage multiple priorities in a complex, fast paced environment.
Benefits
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
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