Compensation Senior Consultant

079 NT Management Services Limited; Greater London; On-site; GBP 85,000 - 140,000; Full time

Job summary

Northern Trust is seeking a Compensation Senior Consultant to shape compensation strategies across ECOO. You will partner with HR partners and business leaders to drive market-informed, equitable pay decisions while ensuring governance alignment.

The role requires deep compensation expertise, strong consulting, analytical, and influencing skills to deliver insights that support talent strategies. As a trusted advisor, you will translate philosophy into practical outcomes, support executive-ready

Qualifications

• Advanced knowledge of broad-based compensation principles and practices.
• Strong compensation consulting and stakeholder management skills.
• Demonstrated business acumen and ability to connect compensation decisions to talent, workforce, financial, risk, and business considerations.
• Strong analytical and critical-thinking skills; able to work with complex data and translate findings into actionable recommendations.
• Experience 7+ years of progressive compensation experience, preferably within the financial services industry.

Responsibilities

• Serve as a trusted compensation advisor for assigned business units and functions.
• Develop recommendations for internal moves, retention, off-cycle adjustments, reorganizations, and other pay decisions.
• Translate business and workforce needs into practical compensation solutions across base pay and incentives.
• Conduct and present job evaluations, leveling assessments, market-pricing analyses, and pay recommendations.
• Lead and support the global annual compensation cycle, including planning, data validation, and stakeholder communications.

Skills

Compensation expertise

Stakeholder management

Analytical thinking

Communication & presentation

Project and change management

Financial acumen

Education

Bachelor's degree in Business/Finance/Economics/HR

Tools

Excel

PowerPoint

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 [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Terms and Conditions

Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected under federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions, and access to learning and development.

USA EEO STATEMENT It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.

EEO Know Your Rights (U.S.)