Wells Fargo

Lead Compensation Consultant – Total Rewards

Wells Fargo

full-time

Posted on:

Location Type: Hybrid

Location: Charlotte • Minnesota • North Carolina • United States

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Salary

💰 $119,000 - $206,000 per year

Job Level

Senior

About the role

  • Serve as a trusted advisor to business leaders, HR partners, and cross-functional teams by fostering open communication, understanding stakeholder needs, and delivering value-added compensation support.
  • Develop and maintain strong partnerships with HR Business Partners, Recruiters, Finance, Legal, and Total Rewards Centers of Excellence to ensure alignment and consistency in compensation practices.
  • Partner with peers across functions to share best practices and consider enterprise impacts of compensation decisions.
  • Assess business priorities and analyze compensation data and trends to deliver forward-thinking actionable recommendations to the business that align pay strategies with organizational goals, talent needs and market dynamics in an executive-ready manner.
  • Leverage business knowledge and compensation analysis to influence the design of the job catalog, base pay structures, differentials, and other compensation programs.
  • Support the annual compensation planning cycle, including merit, bonus, and equity planning, ensure readiness of key stakeholders.
  • Conduct market pricing and benchmarking to inform compensation decisions and maintain competitiveness that are in alignment with business priorities.
  • Review compensation in job offers for reasonableness and alignment with company practices and guidelines, influencing the business and talent acquisition partners as necessary to support equitable decisions.
  • Manage readiness activities for the business in relation to enterprise-wide compensation programs and processes changes.
  • Lead compensation workstreams for key business changes such as reorganizations, acquisitions, or new initiatives.
  • Ensure business-specific compensation practices comply with internal policies, regulatory requirements, and risk management standards.
  • Communicate complex compensation concepts clearly to non-compensation audiences, including senior leaders.

Requirements

  • 5+ years of Compensation experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Experience in compensation consulting, total rewards, or human resources business partner space with a focus on business partnership and relationship management
  • Excellent communication and interpersonal skills, with the ability to advise senior stakeholders and influence outcomes
  • Strong analytical skills with the ability to collect, interpret, and evaluate data to make informed decisions about compensation structures and market competitiveness that align with business need
  • Strong understanding of base pay and incentive structures, as well as pay-for-performance strategies
  • Advanced skills in managing and leading businesses through change
  • Experience supporting line of business leaders with compensation planning and market analysis
  • Proficient with compensation tools / Human Resource Information Systems
  • Familiarity with external market data sources and benchmarking methodologies
  • Knowledge of compensation governance, compliance, and risk management practices
Benefits
  • Health benefits
  • 401(k) Plan
  • Paid time off
  • Disability benefits
  • Life insurance, critical illness insurance, and accident insurance
  • Parental leave
  • Critical caregiving leave
  • Discounts and savings
  • Commuter benefits
  • Tuition reimbursement
  • Scholarships for dependent children
  • Adoption reimbursement
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
compensation analysismarket pricingbenchmarkingpay structuresincentive structurespay-for-performance strategiesdata interpretationanalytical skillscompensation consultingtotal rewards
Soft Skills
communication skillsinterpersonal skillsrelationship managementinfluencing outcomesadvising senior stakeholdersanalytical thinkingchange managementcollaborationstakeholder engagementproblem-solving