What are the responsibilities and job description for the Principal, Compensation Leader position at Wellington Management?
About Us
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
About The Role
The Principal, Compensation Leader acts as a compensation business partner and subject matter expert to provide consultation, analysis and advice to Human Resources Relationship Managers, business leaders, and managers regarding compensation related matters. The role has high visibility within the firm and requires a consulting style approach to partner with HR on a variety of compensation initiatives. Reporting to the Manager of Global Compensation, this position could be based either in Boston or London and will work on global compensation activities.
Responsibilities
In particular, the role will have the following responsibilities:
As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com.
Benefits
At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:
USD 120,000 - 225,000
This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.
Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)
We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
About The Role
The Principal, Compensation Leader acts as a compensation business partner and subject matter expert to provide consultation, analysis and advice to Human Resources Relationship Managers, business leaders, and managers regarding compensation related matters. The role has high visibility within the firm and requires a consulting style approach to partner with HR on a variety of compensation initiatives. Reporting to the Manager of Global Compensation, this position could be based either in Boston or London and will work on global compensation activities.
Responsibilities
In particular, the role will have the following responsibilities:
- Point of contact for HR and managers for compensation related matters (for designated business groups).
- Proactively share insights into compensation market trends impacting the various business areas.
- Undertake market competitive analysis and share findings internally. Ensure compensation structures and levels are competitive to allow the firm to attract and retain employees.
- Advise on compensation levels for new hire offers and conduct supporting analysis
- Support the delivery of the firm wide annual compensation review cycle.
- Undertake projects as required. These will be varied but could include areas such as conducting in-depth analysis or developing compensation structures for new roles/business areas.
- Work with others to develop procedures, analytics and compensation reporting, including supporting with the preparation of content for Compensation Committees.
- Support with compensation regulatory matters, ensuring compliance with relevant regulations. Monitor and interpret compensation regulations to ensure ongoing compliance. Prepare and submit required regulatory reports and disclosures.
- Minimum of 5 years of experience in compensation, preferably within Financial Services.
- Comprehensive knowledge and experience of compensation/reward practices.
- Exceptional analytical and numeracy skills; comfortable working with large amounts of data and communicating data findings.
- Customer service orientation with a demonstrated desire to exceed expectations – ability to serve multiple customers (employees, managers, HR).
- Excellent written and verbal communications skills are required - to interface with all levels of the organization and translate data findings into clear and concise documents and presentations.
- High attention to detail with an emphasis on accuracy, coupled with the ability to see the broader picture.
- A roll-your-sleeves up /hands-on attitude. Comfortable working in a broad role and undertaking a variety of activities, ranging from spreadsheet analysis to presenting to senior leaders.
- Proactive approach. Willingness to be creative, make recommendations and exercise initiative.
- Strong cross-cultural awareness, sensitivity, and high level of confidentiality.
- Ability to exercise problem solving skills and independent judgement using analytical and consulting skills.
As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com.
Benefits
At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:
USD 120,000 - 225,000
This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.
Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)
We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.
Salary : $120,000 - $225,000