Human Resources Compensation Manager

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often—that’s what we call the courage to thrive. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive. Try new things, learn new skills and discover what you excel at—all from Day One. 

As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals—no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we’re building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other. 

An exciting new opportunity has been created for an experienced compensation professional to join the Total Reward team and help lead the compensation strategy for the region and support business growth. Reporting to the European Head of Total Rewards and HR Risk, the role holder will be a key member of the Total Rewards team, responsible for the successful implementation and management of European Compensation programs with a specific focus on the development, governance and regulatory compliance of sales incentive plans and corporate incentive plans.

This role provides an exciting opportunity to shape the compensation strategy across our 9 European countries (Ireland, Germany, Lithuania, Luxembourg, Norway, Poland, Spain, Sweden and U.K.) to support one of HR’s key objectives of attracting, retaining and engaging the best talent and supporting business growth.

Accountabilities:

• Lead the Europe corporate and sales compensation teams to drive synergies, create good governance and controls and deliver top class service to internal clients whilst working closely with the global U.S. Compensation Team to exchange knowledge and deliver global and local initiatives.
• Provide compensation-related guidance to internal colleagues and act as a point of contact for compensation escalations ensuring that escalations are handled in a timely and efficient manner. 
• Proactively identify and interpret compensation trends, understand the businesses you support and offer guidance and advice that produces actionable insights.
• Understand the European business model and strategy to be able to design and deliver incentive plans that are regulatory compliant and help support business growth in the right way, whilst remaining customer focused.
• Help lead and manage the regional annual compensation performance year-end process including providing support to HR, the business and senior management through engagement and reporting.
• Oversee and support the analysis, market assessment, design and delivery of senior management and material risk taker compensation inclusive of Directors of the Board.
• Develop/enhance regional compensation KPIs and track progress against these.
• Partner with finance to ensure that the annual compensation expense remains within plan and annual forecasting incorporates compensation planning. Work will also involve working with finance on financial regulatory reports (FINREP) and the annual financial statements, as applicable.
• Partner with the Europe HR Regulatory and Risk team to manage the MRT identification process and produce and deliver complete and accurate regulatory reports and disclosures and ensure compliance with applicable laws and regulatory requirements.
• Collaborate and build relationships with industry experts and consultants to advance our understanding of current industry trends and demand.Maintain an effective knowledge of remuneration regulations in order to respond to complex employee or regulatory requests ensuring compliance with government and regulatory agencies

Competencies:

• Drive for Results: Pursues goals with energy and perseverance; rarely gives up before succeeding; works to overcome barriers and challenges to produce desired results; can be counted on to achieve or surpass goals; consistently a top performer among peer group; Hold self and others accountable to consistently achieve meaningful results.
• Collaboration: Develops good working relationships with others; recognizes and values differences; encourages an inclusive collaborative environment and open dialogue; puts team’s goals ahead of personal agendas; shares information openly and transparently; openly supports team members and their efforts.
• Agility & Innovation: Demonstrate flexibility in dealing with fast-changing priorities, and different or challenging situations. Help others to continuously improve and achieve results. Explore multiple solutions to overcome obstacles. Anticipate future needs that may affect the team or the bank.
• Risk Management: Appropriately identify and manage risks, in compliance with applicable laws, rules and regulations, and with bank policies.
• Ethics & Trust: Maintain high ethical standards; gain the confidence and trust of others through honesty, integrity and authenticity. Conducts themselves honestly and ethically; adheres to a core set of values and standards appropriate to the situation and acts; accordingly, is consistent in own words and actions; inspires trust and respect by dealing openly with people; keeps confidences and admits mistakes.
• Leadership: Management and leadership skills, with the ability to adapt and make things happen.

Qualifications & Experience:

• Demonstrable proven success in the design, operation and management sales incentive plans.
• Significant experience in compensation management, preferably within the financial services sector. 
• Practical knowledge and understanding of key European compensation legal and regulatory topics applicable to credit institutions and investment firms.
• Experience in developing, implementing, and managing risk and compliance associated with frameworks, policies, and procedures.
• Proven track record of designing communications to senior executives and broader employee communications.
• Demonstrable experience of interaction, influencing and reaching agreed upon solutions at a management and executive levels.
• Proven track record of working independently on their own initiative and delivering practical outcomes to a professional standard.
• Proven to be resilient and able to handle multiple priorities, meeting deadlines whilst maintaining high work standards, with impeccable attention to detail in performance of all tasks.
• Experience in managing different stakeholders including second and third lines of defense.
• Collaborative in approach with strong emphasis on delivery and execution.
• Proven analytical skills.
• Intermediate computer skills are needed; including experience with Microsoft Office applications.
• Generally, the role requires a degree or equivalent but candidates with exceptional experience without a qualification to degree level will be considered. 

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If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits:

We offer an exciting, fast-paced and diverse working environment with employees of many different nationalities. We provide benefits to help you protect your health and financial security; and give you peace of mind. We also invest in your career growth with development resources that give you the opportunity to stretch and shine.