Compensation Senior Consultant

Northern Trust Corporation; England; On-site; GBP 90,000 - 130,000; Full time

Job summary

Northern Trust seeks a Compensation Senior Consultant to join the Enterprise Chief Operating Office (ECOO). You will advise business leaders and HR partners on compensation decisions, offering market-informed, governance-aligned solutions across base pay and incentives.

Strong analytical, consulting and influencing skills are essential. You will partner with leaders to translate compensation philosophy into practical pay outcomes, supporting workforce and talent strategies across functions

Qualifications

• 7+ years of compensation experience, preferably in financial services.
• Strong knowledge of compensation principles and governance.
• Excellent analytical, influencing and stakeholder management skills.

Responsibilities

• Serve as trusted compensation advisor for ECOO units, guiding HR partners and leaders on complex pay matters.
• Develop recommendations for internal moves, retention, off-cycle adjustments, reorganizations and other pay decisions.
• Translate needs into compensation solutions across base pay, short-term incentives, and variable programs.
• Conduct job evaluations, leveling, market-pricing analyses, and pay recommendations; align with global job architecture and salary structures.
• Facilitate compensation discussions with HR and leaders, explaining complex information clearly and building alignment.
• Monitor external compensation practices and regulatory changes; assess implications and respond accordingly.
• Develop executive-ready analyses and materials translating data into actionable findings and recommendations.
• Lead and support the global annual compensation cycle, including planning, validation, analysis, communication and post-cycle review.

Skills

Market pricing

Job evaluation

Salary structures

Base pay

Internal equity

Pay transparency

Governance

Education

Bachelor's degree

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Join Northern Trust's Enterprise Chief Operating Office (ECOO) and play a critical role in shaping compensation strategies that support one of the organization's most dynamic and globally connected functions. As a Compensation Senior Consultant, you will serve as a trusted advisor to business leaders and HR partners, helping drive compensation decisions that attract, retain, and motivate top talent while supporting business objectives. This role combines deep compensation expertise with strong consulting, analytical, and influencing skills to provide market-informed, equitable, and governance-aligned solutions across a range of complex talent and organizational matters. You will partner closely with leaders to translate compensation philosophy into practical business outcomes, guide critical pay decisions, and deliver insights that support effective workforce and talent strategies.

Key Responsibilities

• Serve as a trusted compensation advisor for assigned business units and functions within ECOO, providing guidance to HR Business Partners, Talent Acquisition, and business leaders on complex compensation matters.
• Develop recommendations for internal moves, retention situations, off-cycle adjustments, reorganizations, and other pay decisions, balancing external market data, internal equity, business priorities, affordability, and governance requirements.
• Translate business and workforce needs into practical compensation solutions across base pay, short-term incentives, sales or other variable compensation programs, and recognition programs, as applicable.
• Conduct and present job evaluations, leveling assessments, market-pricing analyses, and pay recommendations; support the consistent application of the global job architecture, career framework, and salary structures.
• Facilitate compensation discussions with HR and business leaders, explain complex or sensitive information clearly, challenge assumptions constructively, and build alignment around recommended actions.
• Monitor external compensation practices, labor market developments, and relevant regulatory changes; assess implications and recommend appropriate responses.
• Develop executive-ready analyses and materials that convert complex compensation data into clear findings, alternatives, risks, and recommendations.
• Lead and support the global annual compensation cycle, including planning, data validation, market and pay-equity analysis, system testing, stakeholder communications, manager and HR enablement, issue resolution, and post‑cycle review.

Knowledge and Skills

Advanced knowledge of broad-based compensation principles and practices, including:

• Market pricing and compensation surveys
• Job evaluation, job leveling, and job architecture
• Salary structures and pay administration
• Base pay, merit, and variable or incentive compensation
• Internal equity, pay equity, pay transparency, and compensation governance

In addition, the successful candidate will possess:

• Strong compensation consulting and stakeholder management skills, with the judgment to develop, explain, and defend recommendations.
• Strong analytical and critical‑thinking skills; able to work with complex data, identify material themes and risks, develop alternatives, and translate findings into actionable recommendations.
• Demonstrated business acumen and ability to connect compensation decisions to talent, workforce, financial, risk, and business considerations.
• Strong written, verbal, presentation, and facilitation skills, with the ability to communicate effectively with HR partners, managers, and senior leaders.
• Strong project management and change management capabilities, including the ability to organize work across multiple stakeholders, priorities, countries, and workstreams.
• Advanced Microsoft Excel and PowerPoint skills, with proficiency working with large datasets, analytical models, and executive‑ready presentations.

Experience

• 7+ years of progressive compensation experience, preferably within the financial services industry.

Education

• Bachelor's degree in Business, Finance, Economics, Human Resources, or a related field, or an equivalent combination of education and relevant experience.

Work Authorization

Applicants must have the right to work in the United Kingdom at the time of application and for the duration of employment.

Please note that Northern Trust is unable to provide visa sponsorship for this role. This includes Skilled Worker visas, Global Business Mobility routes, Graduate visas, Youth Mobility Scheme, High Potential Individual visas, Scale‑up Worker visas, Temporary Worker visas, and other employer‑sponsored visa categories.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at , or alternatively you can discuss your individual requirements with the recruiter you are working with.