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Compensation Associate

  • Human Resources
  • Full time
  • R-314794

Department Overview :

Human Resources Total Rewards delivers reward programs that employees value and help Wells Fargo become the financial services leader in employee engagement, enabling our businesses to have the employees needed to help our customers succeed financially.  We provide benefits, compensation, and recognition strategic program design and policy development. Across Total Rewards, we lead specialty consultation and business engagement on Total Rewards topics, programs, and initiatives. We are responsible for HR's strategic consulting and governance of mergers and acquisitions.

Job Description

About this role:

Wells Fargo is seeking a Compensation Associate on the Total Rewards team to partner with Executive Compensation, Incentive Design and Delivery, and Compensation Delivery Centers of Excellence teams to administer, develop and deliver reporting, and adhere to established procedures and controls for assigned business initiatives, programs, special projects, and ad hoc requests.  Including, helping to develop competitive base salary, incentive and executive compensation structure and administer compensation to team members to reward and retain employees.

In this role, you will:

  • Participate in conducting research to support compensation strategies, programs, and solutions across a business or enterprise function, ensuring alignment with key organizational goals

  • Review basic issues, policies, or procedures for which answers can be quickly obtained, related to low-risk tasks and deliverables with narrow impact.

  • Receive direction from supervisor and exercise judgement within defined parameters while developing understanding of policies, procedures, and compliance requirements.

  • Partner with the Total Compensation Delivery & Administration team, follow procedure and control documentation for uploading base pay updates, one-time payments, on-demand payments, year-end compensation review inputs, and other compensation adjustments in Workday.

  • Be responsible for adhering to retention requirements of important documentation that is essential to executing our controls and ensuring the successful completion of HR-deliverables associated with the assigned transaction.

  • Be responsible for engaging with other associates on both the US and International Compensation teams for various assigned transactions.

  • Provide information to managers, colleagues and stakeholders, including internal as well as external stakeholders

  • Provide Support Annual attestation process for retired employees who continue to receive previously issued awards of Restricted Stock Rights

  • Provide Support for HR M&A support processes for Corporate Transactions during the transition and post-close deal phases

  • Support processes like (but not limited to) Employee stock purchase plan support and Executive Compensation mailbox.

  • Be supporting various ad Hoc initiatives and projects as required by the Executive Compensation, Incentive Design and Delivery and Compensation Delivery Centers of Excellence, from time to time.

  • Provide support for a variety of diverse support functions and/or operations/production oversight for the Human Resources Total Rewards team. 

  • Support the operations and reporting needs of the Executive Compensation and Compensation Delivery Centers of Excellence.

  • Work with Human Resources databases and technology platforms relevant to the assigned work.

  • Pull, review, analyze, verify, and track intricate employee data using advanced functions in Excel.

  • Administer programs, projects, or processes specific to the business and are administrative in nature.

  • Facilitate efficiency, quality, cost effectiveness of solutions, and escalate concerns related to the assigned operation.

  • Adhere to and support the Executive Compensation team’s and Compensation Delivery COE’s procedures, processes, and controls.

  • Coordinate and monitor implementation and maintenance of processes, procedures, and policies.

  • Interact with U.S.-based Executive Compensation and Compensation Delivery COE colleagues on operational initiatives.

  • Interact with active and former employees on a variety of diverse support functions reflective of but not limited to those identified in “Job Description.”

Required Qualifications:

  • Experience in total rewards design and delivery, analytics or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

  • 4+ years of experience in one or a combination of the following: India/Philippines/United States/Global Rewards (compensation and benefits) execution and administrative support, payments operations, payroll, automation, project management, implementation, business operations or strategic planning in financial services demonstrated through one or a combination of the following: work experience, training, military experience, education.

  • Excellent understanding and experience of India/Philippines/United States/Global compensation and benefits practices and follows guidance/procedures to support compensation operations spanning across Executive Compensation, Incentive Design & Delivery and Compensation Delivery functions.

  • Ability to support compensation and incentive administration, reporting, and servicing needs.

  • Possesses experience in, acumen for, and success with Complex/large data analysis; and provides necessary professional and/or technical level support and guidance.

  • Ability to instill necessary risk and control measures in delivery, procedures and reporting activities, including development and maintenance of project, scope documents, etc.

  • Ability to perform compensation and benefits program analysis, maintenance and administration, and the related processing, procedural, control, and reporting requirements of assigned tasks.

  • Consults with colleagues in the Executive Compensation, Incentive Design & Delivery and Compensation Delivery Centers of Excellence, Payroll/HR Operations, and other stakeholders to establish, monitor and review performance and delivery

  • Result-oriented mindset with excellent verbal, written, and interpersonal communication skills

  • Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint) skills, specifically Excel

  • Must have advanced skills in MS Excel including the ability to create data models, formulas, pivot tables, macros, VBA and power pivot reports.

  • Excellent analytical skills and ability to navigate through ambiguity and infer complex data models/representations. Excellent accuracy, high quality, eye for detail, and a risk and control mindset.

Desired Qualifications:

  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important.

  • Knowledge and/or experience with Workday and Process Design

  • Experience in data analytics/visualization tools preferred e.g. Power BI, R, tableau, VBA/SQL etc.

  • Lead team through audits and validation review to maintain data, process and procedure sanctity and accuracy.

  • Solid critical thinking skills

  • Demonstrated success in collaboration and teamwork.

  • Ability to maintain a high degree of confidentiality.

  • Ability to prepare correspondence; memorandum; reports; presentations or other assigned documentation.

Job Expectations:

  • Commitment to deliver and sustain satisfactory levels of employee and customer experience.

  • Ability to prioritize and self-manage deliverables.

  • Ability to learn; possesses a high-level of intellectual curiosity.

  • Flexibility to work in different shifts; Ability to work nights, weekends, and/or holidays as needed or scheduled.

  • Willingness to work on-site at stated location on the job opening.

Shift timings: 1:30 pm -10:30 pm IST

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

 

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.


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