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Compensation Senior Manager

Compensation Senior Manager

Minnesota StaffingMinneapolis, MN, US
1 day ago
Job type
  • Full-time
Job description

Compensation Senior Manager

Wells Fargo is seeking a Compensation Senior Manager to join our Total Rewards Compensation Team to support our Corporate & Investment Banking line of business. This role serves as a key partner to business leaders and Human Resources (HR) teams, providing strategic consultation on compensation strategies that support business objectives, drive performance, and ensure market competitiveness. The position plays a key role in designing and managing compensation solutions, advising on complex issues, and partnering with stakeholders to successfully deliver changes to compensation programs and processes to the business, while ensuring alignment with governance and compliance standards.

In this role, you will :

  • 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.

Required Qualifications :

  • 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.
  • Desired Qualifications :

  • Deep understanding of Corporate Banking, Investment Banking, and Capital Markets is essential. Strong business acumen specific to these sectors.
  • Proven experience in designing, implementing, and managing compensation programs including base pay, incentive pay, and performance management.
  • 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.
  • 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.
  • Ability to manage multiple priorities in a complex, fast paced environment.
  • Job Expectations :

  • This position offers a hybrid work schedule.
  • This position does not offer Visa sponsorship.
  • This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check.
  • Specific compliance policies may apply regarding outside activities or personal investing.
  • Location : Charlotte, NC, Irving, TX, Minneapolis, MN

    Pay Range :

    $159,000.00 - $279,000.00

    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
  • Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed above. Visit Benefits - Wells Fargo Jobs for an overview of the benefits offered.

    We Value Equal Opportunity

    Wells Fargo is an equal opportunity employer. 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.

    Wells Fargo Recruitment and Hiring Requirements :

  • Third-Party recordings are prohibited unless authorized by Wells Fargo.
  • Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
  • Req Number : R-505963

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