Compensation Manager | London

An international, City of London based financial services business have a newly created role available - Compensation Manager.

This is a hands-on Compensation Manager role which will partner closely with senior leaders and take full ownership of compensation processes for designated business areas.

This is a highly practical, delivery-focused role. You will not just advise - you will actively own forecasting, modelling, analysis, data management and the end-to-end execution of the annual compensation cycle.

Key responsibilities include:

• Acting as the primary compensation partner for designated departments, providing direct insight and challenge to senior management up to ExCo level
• Owning the full compensation forecasting process, including detailed reconciliation of forecast versions and variance analysis versus actuals
• Building compensation models to support hiring decisions, organisational changes and scenario planning
• Running the annual compensation round end-to-end: gaining approval for base pay increases, managing profit pools, facilitating department and individual allocations, and administering payments
• Coordinating market survey participation, analysing results and conducting formal job evaluation studies
• Preparing special studies and recommendations on base pay, variable pay, equity and related programmes
• Creating management and employee communication materials, including Compensation and Total Reward Statements
• Reviewing and drafting compensation wording for employment offer letters and contracts
• Compiling data and drafting content for public disclosures, regulatory responses and client RFPs
• Preparing board materials as required