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Principal Associate, Compensation

at Capital One Services II, LLC in Wilmington, Delaware, United States

Job Description

Job ID: R113175

 

Center 1 (19052), United States of America, McLean, Virginia

 

Principal Associate, Compensation

 

Capital One is focused on developing the best tools to help pay incentives for associates. We are working to improve the associate experience and how they can understand and be paid for their incentives. We work in a business-casual, collaborative environment where one's contributions are recognized, successes are elevated and effort is rewarded. We are looking at how we can simplify, automate, and deliver on our line of business incentives for our associates. You will have a history of gathering requirements and digging into the details of business objectives. Your experience of being able to translate these requirements into terms that others can develop solutions will be critical. In addition, you value the importance of ensuring strong governance for ensuring we effectively and accurately pay our associates.

 

Capital One is looking for a Principal Associate, Compensation to join our Total Rewards team. The ideal candidate for this role should exhibit strong communication, influencing, and problem solving skills towards all stakeholders.

 

Responsibilities:

 

Consult on compensation matters with Human Resource Consultants and Senior Director / VP 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

 

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 Excel

 

Preferred Qualifications:

 

Master's Degree in Accounting, Statistics, 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 2+ years of experience in a client facing or consulting roles

 

At least 1+ year of experience with Workday

 

At least 4+ years of experience building compensation models and conducting pay analysis

 

Advanced excel skills (VBA, macros, array functions)

 

Knowledge of human resources and compensation including knowledge of relevant Federal, State, Local laws/regulations relating to compensation

 

Experience with benchmarking tools (MarketPay) or reporting tools (Tableau, Business Objects)

 

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

 

Capital One is an equal opportunity employer committed to diversity in the workplace. Capital One promotes a drug-free workplace. 

 

All qualified applicants will receive consideration for employment without regard to gender, race, color, religion, national origin, sexual orientation, protected veteran status, or disability status.

 

Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; Newark, New Jersey Ordinance 12-1630; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries. 

 

 

 

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Job Posting: 847293

Posted On: Sep 22, 2021

Updated On: Oct 22, 2021