Grow your career at State Street
From technology and product innovation to corporate responsibility and community development, we’re making our mark on the financial services industry. We’re a global company with diverse people and experiences, and a network of over 35,000 employees spanning more than 100 markets. For us, success comes from the impact our employees have – on our clients, our communities and each other.
With immediate effect, we are looking for an experienced Compensation Consultant to support our Global Human Resources/ Total Rewards team. The role can be based in any EMEA location State Street has a presence and reports into the Global Head of Regulatory Compensation – Job ID R-664287
The Total Rewards team is focused on the design, implementation and management of employee compensation plans, with the goal of creating incentives to drive employee engagement and appropriate behaviors. The team also advises on the regulatory and governance-related compensation requirements, to ensure compliance with local, regional and global regulatory frameworks. In addition to day-to-day management of key deliverables, such as supporting compensation decisions and the annual compensation review cycle, the team supports a varied portfolio of projects, partnering as a virtual team with colleagues across the globe.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.
We’re committed to providing an inclusive environment where all employees feel valued and supported. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
Major Responsibilities
- Provide comprehensive support on all aspects of EU and regional remuneration regulation
- Review and provide support on the impact of evolving regulatory requirements (e.g. EBA's guidelines on remuneration under CRD V, IFD)
- Interpret, analyze, develop, implement, execute, and document all regulatory remuneration requirements for several legal entities
- Support regional compensation workflows and day-to-day management of key Global Total Rewards deliverables including the annual compensation review
- Act as a Subject Matter Expert for compensation support for a number of countries
- Proactively identify areas for process improvement
- Provide compensation support to several Remuneration Committees including production of ad-hoc analytics and preparation/ review/ presentation of materials
- Focus on Risk Excellence and support the proactive and effective management of remuneration risk by the first line of defense
- Lead or support ad-hoc projects and provide support to the wider Compensation team, as required
- Focus on client service delivery and relationship management
Education, Experience and Skills
- Successfully completed Bachelor’s and/or Master’s degree or comparable education
- Track record in reward within a fast-paced, international, financial services or consultancy organization ideally
- Excellent time management and organizational skills; ability to work independently
- Strong communication skills and ability to influence at all levels
- Proactive and highly motivated team-player with strong analytical skills
- Commercial thinker and strong multi-tasker
- Knowledge of EU banking and asset management remuneration regulation
- Experience of stakeholder management
- Proficient knowledge of Excel and PowerPoint
- Proactive and highly motivated team-player with strong analytical skills
- Commercial thinker and strong multi-tasker
- Excellent time management and organizational skills; ability to work independently
- Excellent communication skills and ability to influence at all levels
- Strong focus on client service delivery and relationship management, both internal and externa