Compensation and Benefits Specialist

4 weeks ago

London, Greater London, United Kingdom Vanguard Full time

The Compensation and Benefits Consultant will be a key member of the Europe Total Rewards team, with responsibilities spanning Compensation and Benefits activity. This is an exciting opportunity that will drive efficiencies, build effective processes and controls whilst also enhancing the crew experience.

Key Responsibilities

Benefits

  • Responsible for Benefits vendors performance management, tracking KPIs and SLAs, formulating recommendations and actions with Procurement, Legal and HR. Identifies opportunities for cost saving and vendor consolidation.
  • Owner of all internal ongoing vendor governance and risk related activity and assessment for data security, cyber security, risk, etc., ensuring appropriate controls are in place to support compliance with Vanguard standards.
  • Lead in the development, review and implementation of Benefits policies across all European countries. Ensuring continued and timely implementation of regulatory and statutory changes.
  • Will support activity on enhancing value for money on all European benefits services and products, driving best practice and industry standards.

Compensation

  • Delivery of ad-hoc and cyclical compensation processes, such as benchmarking and the annual bonus and merit adjustment process. Will own market competitive benchmarking for defined business area and its application to compensation practices and strategies working closely with the Enterprise and Global Reward teams.
  • Support on the identification of Material Risk Takers and Code Staff and maintenance of the list for European regulated entities, liaising with key partners in HR, Compliance and Legal to effectively manage the process.
  • Will contribute to the regulatory reporting and mandatory compliance reporting including disclosures, gender pay gap, etc.

Requirements

  • Knowledge of European Benefits and running and delivering benefits initiatives working with internal and external providers.
  • Demonstrated experience in managing benefits vendor relationships including contracts and performance oversight.
  • A strong understanding of HR policies and processes.
  • High attention to detail and strong numeracy and analytical skills supported with and advanced PowerPoint skills and equally advanced Microsoft Excel (v/x-lookup, countifs, sumifs) with experience of large data sets.
  • Proven teamwork capabilities; strong relationship management and interpersonal skills.
  • Experience with Compensation systems (e.g. Workday, MarketPay, Payfactors) / Benefits systems (e.g. Darwin, OneHub)

About Vanguard

Vanguard is an investment company unlike any other. It was founded by Jack Bogle in the US in 1975 on a simple but ground-breaking idea: that an investment company should handle its funds solely in the interests of its clients. Jack helped bring investing to the masses with the index fund. Index funds do not pick individual shares or bonds to beat the market. They supervise the performance of the entire market. Or as Jack put it, "Don't look for the needle in the haystack. Just buy the haystack". We have stood for low-cost, uncomplicated investing ever since. Over the last 45 years people have come round to our way of thinking and more than 30 million investors worldwide now trust us with their money.

Inclusion Statement

Vanguard's continued dedication to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: "Do the right thing."

We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard's core purpose through our values.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

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