Principal Associate, Compensation Consulting
- Employer
- Capital One
- Location
- Richmond, Virginia
- Closing date
- Jun 23, 2021
View more
- Industry
- Financial Services and Banking
- Function
- Finance
- Hours
- Full Time
Job Details
Principal Associate, Compensation Consulting
Here at Capital One, Compensation is an important component of our Total Rewards strategy which focuses on Delivering Total Rewards that compel the best people to join and stay with Capital One and empower them to live their best lives. We are looking for a Principal Associate, Compensation to join our Total Rewards team.
We work in a business-casual, collaborative environment where one's contributions are recognized, successes are elevated and effort is rewarded. We bring an analytically rigorous, data-driven approach to compensation and are focused on improving the associate experience including associate understanding of pay. The ideal candidate for this role should exhibit strong communication, influencing, and problem solving skills towards all stakeholders. Experience gathering requirements requirements and digging into the details of business objectives along with the ability to translate these requirements into terms that others can develop solutions is critical.
Responsibilities:
- Consult on compensation matters with Human Resource Consultants and executive level business leaders
- Perform deep analysis on effectiveness and competitiveness of existing compensation programs and model potential impact of alternatives
- Conduct job evaluation using market data and internal evaluation and regularly analyze our market position on jobs
- Assist senior compensation consultants with development of proposals and presentations about compensation programs (including market data and appropriate pay levels/targets) to influence and educate senior level decision-makers
- Draft plans, educational materials, and communications designed to provide associates, managers, and HR partners with timely and accurate information regarding compensation initiatives
- Manage job descriptions for your clients, including auditing jobs for content and preparing job descriptions reflecting job responsibilities and requirements, as needed
- Audit and analyze internal compensation practices in relation to relevant regulations. Develop recommendations for corrective actions as needed
- Support team and clients through mid-year and year-end compensation cycles
- Provide analytical support and thought partnership for strategic compensation projects, key initiatives or processes horizontally caring for the needs of clients enterprise-wide
Basic Qualifications:
- Bachelor's Degree or military experience
- At least 3 years of experience in Compensation or at least 3 years of experience in Finance or at least 3 years of experience in Analytics, or a combination
- At least 2 years of experience in Microsoft Excel & Google Products (e.g. Sheets, Slides)
Preferred Qualifications:
- Bachelor's Degree in Business Administration, Economics, Finance or Human Resources
- Certified Compensation Professional (CCP)
- At least 5 years of experience in Compensation or 5+ years of experience in Finance or 5+ years of experience in Analytics, or a combination
- At least 4 years of experience building compensation models and conducting pay analysis
- Advanced excel skills (ex: VBA, macros, array functions)
- At least 2 years of experience in a client facing or consulting roles
- At least 1 year of experience with Workday
- At least 1 year of experience with benchmarking tools (MarketPay) or reporting tools (Tableau, Business Objects)
- Knowledge of human resources and compensation including knowledge of relevant Federal, State, Local laws/regulations relating to compensation
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
Company
We Don’t Only Think Big Things—At Capital One, We Do Big Things.
You’re dedicated to your career. You deserve professional satisfaction and personal fulfillment. You belong at Capital One.
Here, every day brings another chance to do impactful work that matters: helping millions of customers confidently manage their money, building stronger communities and delivering truly disruptive tech. You’ll give your all alongside some of the brightest, most resilient people in the industry—and in return, you’ll enjoy the growth opportunities, support, flexibility and benefits you need for an exhilarating life both on and off the job.
Be inspired. Be yourself. That’s #LifeAtCapitalOne.
Creating a Culture of Belonging
At Capital One, we value diversity, inclusion and belonging at our core. We’re building a place of belonging—where everyone can feel seen, heard, valued and free to be their authentic selves. We want to be a place of opportunity—where associates from all backgrounds innovate for our customers and communities, and build meaningful, fulfilling careers.
We endeavor to be a welcoming and inspiring place for all. We seek and embrace diversity. And we’re committed to having a diverse and inclusive workforce, focused on increasing the representation of underrepresented groups, strengthening our culture of inclusion and belonging and harnessing our scale to invest in our communities.
We’re focused on three core principles to advance diversity, inclusion and belonging across Capital One:
Create a culture of belonging where everyone can thrive and innovate
Attract and develop talent from all backgrounds and experiences
Ensure our systems and programs promote fairness and equity
Get a career with more at Capital One. Discover it for yourself today.
Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, sexual orientation, gender identity, protected veteran status, disability or other protected status.
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