Compensation Associate

About this role:

• Wells Fargo is seeking a Compensation Associate on the Total Rewards team to partner with Executive Compensation, Incentive Design and Delivery, and Compensation Delivery Centers of Excellence teams to administer, develop and deliver reporting, and adhere to established procedures and controls for assigned business initiatives, programs, special projects, and ad hoc requests. Including, helping to develop competitive base salary, incentive and executive compensation structure and administer compensation to team members to reward and retain employees.
• Human Resources Total Rewards delivers reward programs that employees value and help Wells Fargo become the financial services leader in employee engagement, enabling our businesses to have the employees needed to help our customers succeed financially. We provide benefits, compensation, and recognition strategic program design and policy development. Across Total Rewards, we lead specialty consultation and business engagement on Total Rewards topics, programs, and initiatives.
• We are responsible for HR strategic consulting and governance of mergers and acquisitions.

In this role, you will:

• Participate in conducting research to support compensation strategies, programs, and solutions across a business or enterprise function, ensuring alignment with key organizational goals
• Review basic issues, policies, or procedures for which answers can be quickly obtained, related to low-risk tasks and deliverables with narrow impact.
• Receive direction from supervisor and exercise judgement within defined parameters while developing understanding of policies, procedures, and compliance requirements.
• Partner with the Total Compensation Delivery & Administration team, follow procedure and control documentation for uploading base pay updates, one-time payments, on-demand payments, year-end compensation review inputs, and other compensation adjustments in Workday.
• Be responsible for adhering to retention requirements of important documentation that is essential to executing our controls and ensuring the successful completion of HR-deliverables associated with the assigned transaction.
• Be responsible for engaging with other associates on both the US and International Compensation teams for various assigned transactions.
• Provide information to managers, colleagues and stakeholders, including internal as well as external stakeholders
• Provide Support Annual attestation process for retired employees who continue to receive previously issued awards of Restricted Stock Rights
• Provide Support for HR M&A support processes for Corporate Transactions during the transition and post-close deal phases
• Support processes like (but not limited to) Employee stock purchase plan support and Executive Compensation mailbox.
• Be supporting various ad Hoc initiatives and projects as required by the Executive Compensation, Incentive Design and Delivery and Compensation Delivery Centers of Excellence, from time to time.
• Provide support for a variety of diverse support functions and/or operations/production oversight for the Human Resources Total Rewards team.
• Support the operations and reporting needs of the Executive Compensation and Compensation Delivery Centers of Excellence.
• Work with Human Resources databases and technology platforms relevant to the assigned work.
• Pull, review, analyze, verify, and track intricate employee data using advanced functions in Excel.
• Administer programs, projects, or processes specific to the business and are administrative in nature.
• Facilitate efficiency, quality, cost effectiveness of solutions, and escalate concerns related to the assigned operation.
• Adhere to and support the Executive Compensation teams and Compensation Delivery COEs procedures, processes, and controls.
• Coordinate and monitor implementation and maintenance of processes, procedures, and policies.
• Interact with U.S.-based Executive Compensation and Compensation Delivery COE colleagues on operational initiatives.
• Interact with active and former employees on a variety of diverse support functions reflective of but not limited to those identified in Job Description.

Required Qualifications:

• 6+ months of Compensation or Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Excellent understanding and experience of India/Philippines/United States/Global compensation and benefits practices and follows guidance/procedures to support compensation operations spanning across Executive Compensation, Incentive Design & Delivery and Compensation Delivery functions.
• Ability to support compensation and incentive administration, reporting, and servicing needs.
• Possesses experience in, acumen for, and success with complex/large data analysis; and provides necessary professional and/or technical level support and guidance.
• Ability to instill necessary risk and control measures in delivery, procedures and reporting activities, including development and maintenance of project, scope documents, etc.
• Ability to perform compensation and benefits program analysis, maintenance and administration, and the related processing, procedural, control, and reporting requirements of assigned tasks.
• Consults with colleagues in the Executive Compensation, Incentive Design & Delivery and Compensation Delivery Centers of Excellence, Payroll/HR Operations, and other stakeholders to establish, monitor and review performance and delivery
• Result-oriented mindset with excellent verbal, written, and interpersonal communication skills
• Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint) skills, specifically Excel
• Must have advanced skills in MS Excel including the ability to create data models, formulas, pivot tables, macros, VBA and power pivot reports.
• Excellent analytical skills and ability to navigate through ambiguity and infer complex data models/representations. Excellent accuracy, high quality, eye for detail, and a risk and control mindset.

Desired Qualifications:

• Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important.
• Knowledge and/or experience with Workday and Process Design
• Experience in data analytics/visualization tools preferred e.g. Power BI, R, tableau, VBA/SQL etc.
• Lead team through audits and validation review to maintain data, process and procedure sanctity and accuracy.
• Solid critical thinking skills
• Demonstrated success in collaboration and teamwork.
• Ability to maintain a high degree of confidentiality.
• Ability to prepare correspondence; memorandum; reports; presentations or other assigned documentation.

Job Expectations:

• Commitment to deliver and sustain satisfactory levels of employee and customer experience.
• Ability to prioritize and self-manage deliverables.
• Ability to learn; possesses a high-level of intellectual curiosity.
• Flexibility to work in different shifts; Ability to work nights, weekends, and/or holidays as needed or scheduled.
• Willingness to work on-site at stated location on the job opening.
• Shift timings: 1:30 pm -10:30 pm IST