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Wells Fargo · 1 day ago

Compensation Senior Manager

Charlotte, NC

Full-time

Hybrid

Senior Level

$159K/yr - $279K/yr

6+ years exp

Wells Fargo is seeking a Compensation Senior Manager to join their Total Rewards Compensation Team. This role involves providing strategic consultation on compensation strategies, managing compensation solutions, and ensuring alignment with governance and compliance standards for the Corporate & Investment Banking line of business.

BankingFinancial ServicesFinTechInsurancePayments

No H1B

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

Qualification

Compensation experienceManagement experienceCorporate Banking knowledgeCompensation program designRegulatory compliance knowledgeAnalytical skillsExcel proficiencyStakeholder managementEffective communicationNegotiation skills

Required

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

Preferred

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