Consults business leaders on the organization's compensation strategies programs, policies and processes. Oversees the analysis of budgets and plans within various pay programs. Links external best practices to internal compensation processes.

The Compensation Consultant will be a key member of a small Europe Total Rewards team, focused on all aspects of compensation, reporting to the Head of Total Rewards, Europe.  This is an exciting opportunity that will drive enhancements to regional processes supporting broader HR in achieving its short and long term objectives. 

Responsibilities

•  Support the delivery of ad-hoc and cyclical compensation processes, such as benchmarking and the annual bonus and merit adjustment process. Owns market competitive benchmarking for defined business area and its application to compensation practices and strategies working closely with the Enterprise and Global Reward teams.
• Act as a subject matter expert to guide and provide operational and strategic compensation advice to crew, leaders, HRBPs, Talent Acquisition. Local point of contact on all compensation matters. 
• Ensures the effectiveness of existing compensation practices and regulatory compliance, recommending timely revisions when needed, and keeping senior managers informed of any updated policies.
• Lead on the identification of Material Risk Takers and Code Staff and maintenance of the list for European regulated entities, liaising with key partners in Compliance and Legal to effectively manage the process.
• Supporting the Head of Reward with drafting Remuneration Committee and papers, timely and accurate reporting to ensure all regulatory requirements are met and managed within the required timeframes. Serve as committee secretary to the Remuneration Committee, taking minutes and actions tracking.
• Accountable for all Regulatory reporting and mandatory compliance reporting including MIF008 disclosures, IFR submission, gender pay gap.
• Serve as subject matter expert on the European deferred compensation plan, ensuring it is administered effectively and in accordance with compensation strategy and regulatory requirements.
• Own the valuation of the fund-linked linked awards, such as deferred severance and fund-linked buy-outs, and issue participants with their Grant Statement for awards. Will manage and calculate distribution values for all vesting events.
• Lead efforts on acumen building on company’s compensation philosophy, overall total reward programs including long term incentives and policies.
• Lead on maintenance, updating and reviewing of compensation policies, procedures and processes. Identify and champion opportunities to automate operations and further integrations into core HR systems.

What it takes

• Specialist technical knowledge and experience of compensation principles including job design, job evaluation, grading structures and associated benchmarking activities. Experience with McLagan and Towers Watson preferred.
• Experience with HR Systems (Workday, MarketPay, Payfactors) and advanced PowerPoint skills and equally advanced Microsoft Excel (v/x-lookup, index matching, countifs/sumifs) with experience of large data sets.
• Proven track record of Reward project management experience, leading on a variety of projects, looking at the big picture, future thinking and bringing ideas forward. 
• Asset Management / broader financial services and/or consulting experience with understanding of the remuneration regulatory frameworks a must due to the nature of role.
• Proven strong stakeholder management and communications skills.
• Ability to navigate through ambiguity and remain flexible amidst change. 

Special Factors

• Vanguard is not offering visa sponsorship for this position.
• Hybrid work model.

About Vanguard

Vanguard is an investment company unlike any other. It was founded by Jack Bogle in the US in 1975 on a simple but ground-breaking idea: that an investment company should handle its funds solely in the interests of its clients. Jack helped bring investing to the masses with the index fund. Index funds do not pick individual shares or bonds to beat the market. They supervise the performance of the entire market. Or as Jack put it, "Don't look for the needle in the haystack. Just buy the haystack!”. We have stood for low-cost, uncomplicated investing ever since. Over the last 45 years people have come round to our way of thinking and more than 30 million investors worldwide now trust us with their money.

Inclusion Statement

Vanguard’s continued dedication to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: “Do the right thing.”

We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard’s core purpose through our values.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.