About the Role
Join a dynamic team where you will play a crucial role in shaping the compensation and benefits strategy within a highly regulated banking environment. We are seeking an experienced Compensation and Benefits Specialist who thrives on data-driven decision-making and has a passion for developing competitive compensation frameworks.
Key Responsibilities
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Strategy Development: Design and implement a compensation and benefits strategy that is competitive, compliant, and aligned with organizational goals.
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Advisory Role: Provide insights and recommendations to senior leadership regarding compensation and benefits trends, backed by comprehensive data analysis.
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Cycle Management: Oversee regular compensation cycles, including budgeting, salary adjustments, bonuses, and equity distributions.
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Equity Management: Administer the equity management platform (Shareworks) and spearhead equity management initiatives to ensure fair and competitive compensation practices.
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Job Mapping: Conduct job mapping and evaluation to clearly define roles, responsibilities, and the value of positions within the organization.
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Collaboration: Work closely with cross-functional teams to develop and refine compensation policies that support business transformation while adhering to regulatory standards.
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Compliance Assurance: Ensure all practices comply with German and European regulations, including KWG (Kreditwesengesetz), IVV (Institutsvergütungsverordnung), and EU regulatory frameworks.
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Reporting: Prepare detailed reports for internal and external stakeholders as required.
Requirements
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Experience: Minimum of 5 years in a compensation and benefits role within the EMEA region, preferably in banking or financial services.
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Regulatory Knowledge: Strong background in a highly regulated environment with hands-on experience in developing compliant policies and procedures.
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Analytical Skills: Proven experience in reporting, building compensation models, conducting analyses, and performing salary benchmarking.
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Legal Acumen: In-depth knowledge of German and European compensation laws, particularly those relevant to the banking sector.
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Equity Management: Familiarity with equity management tools and practices.
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Technical Skills: Proficiency in Excel/Google Sheets, HR reporting tools, and data analytics visualization tools is a plus.
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Language Proficiency: Fluent in English and German.
Personal Attributes
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Analytical Mindset: Strong analytical skills with a keen eye for detail and the ability to visualize complex data effectively.
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Communication Skills: Excellent stakeholder management and communication skills, capable of presenting intricate compensation topics to senior leadership in a clear and concise manner.
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Proactive Attitude: A hands-on approach with exceptional problem-solving abilities, adaptable to evolving regulatory landscapes and business needs.
If you are ready to take your career to the next level in a challenging and rewarding environment, please contact PCN to discuss further.
