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Compensation Consultant

  • Human Resources
  • Full time
  • R-382024

About this role:

Wells Fargo is seeking a Compensation Consultant on the Total Rewards team to partner with the Executive Compensation Center of Excellence team to design competitive, equitable compensation programs that are intended to motivate employees, attract, and retain talent, manage risk, and reward employees for their contributions to Wells Fargo's success.

In this role, you will:

  • Provide consulting, coaching, and solutions in support of compensation strategies, programs, and solutions across a business or enterprise function, ensuring alignment with key organizational goals.
  • Review and analyze moderately complex operational assignments that require research, evaluation, and selection of alternatives, and exercise independent judgment to guide medium risk deliverables.
  • Present recommendations for resolving moderately complex situations and exercise independent judgement while leveraging and developing expertise within the compensation area, policies, procedures, and compliance requirements.
  • Receive direction from supervisor and exercise judgement within defined parameters while developing understanding of policies, procedures, and compliance requirements.
  • 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 Compensation Center 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 Compensation COE’s procedures, processes, and controls.
  • Communicate with U.S.-based Compensation COE colleagues, internal partners, stakeholders, and customers on operational initiatives.

Required Qualifications:

  • 2+ years of relevant Compensation or Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Experience in Compensation or Analytics, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
  • 6+ years of experience in one or a combination of the following: India/US/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.
  • Experience in managing and administrating Equity Buyout awards for new hire offers and  retention awards (Cash, Long Term Cash, or Restricted Stocks) as applicable.
  • Responsible for the efficient administration of the equity compensation programs including all equity compensation, non-qualified deferred compensation/executive benefit programs and the employee stock purchase plans
  • Excellent understanding and experience of global/US compensation practices and follows guidance/procedures to support compensation operations spanning across Executive Compensation and Compensation Delivery functions.
  • Ability to support compensation administration, reporting, and servicing needs.
  • Possesses experience in, acumen for, and success with 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 Compensation Center of Excellence, Talent Acquisition, 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
  • 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.
  • Ability to maintain a high degree of confidentiality.
     

Desired Qualifications:

  • Assist with stock plan administration by providing support related to the grant and vest process for equity awards, award agreements, communications
  • Support the operations and reporting needs of the Executive Compensation and Compensation Delivery Centers of Excellence.
  • 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.
  • 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, ServiceNow, or other customer service systems.
  • 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 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.
  • Willingness to work on-site at stated location on the job opening.


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

Posting End Date: 

17 Jul 2024

*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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