Lead Compensation Analyst

US Bank; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

U.S. Bank's European team is seeking a Lead Compensation Analyst to design, administer and govern compensation programmes across Europe, reporting to the Compensation Manager.

You will partner with HR, Talent Acquisition, Finance and business leaders to ensure compensation is competitive, equitable and compliant. The role leads annual compensation processes, market benchmarking, regulatory initiatives and pay transparency efforts.

Qualifications

• Experience in compensation analysis and governance.
• Experience with market benchmarking across multiple jurisdictions.
• Knowledge of regulatory pay transparency requirements.

Responsibilities

• Compensation Planning & Annual Processes
• Market Data & Benchmarking
• Material Risk Taker (MRT) & Regulatory Compensation Activities
• Pay Transparency & Pay Equity
• Gender Pay Reporting

Skills

Analytical thinking

Stakeholder collaboration

Market benchmarking

Regulatory awareness

Education

Bachelor's degree in Finance/HR/Analytics

Tools

Excel

Market data providers (WTW)

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often-that's what we call the courage to thrive. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive. Try new things, learn new skills and discover what you excel at-all from Day One.

As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals-no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we're building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other.

We actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation.

We offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity in everything we do.

Job Description

Lead Compensation Analyst

The Lead Compensation Analyst supports the design, administration, analysis and governance of compensation programmes across Europe. Reporting to the Compensation Manager and working closely with the broader Compensation team, including Compensation Analysts, this role provides analytical expertise, operational support and market insights to ensure compensation programmes are competitive, equitable, compliant and aligned with business objectives across multiple European jurisdictions.

The role acts as a trusted partner to HR, Talent Acquisition, Finance and business leaders across Europe, taking ownership of key compensation workstreams while supporting the Compensation Manager in the delivery of annual compensation processes, market benchmarking, regulatory initiatives and sales incentive programmes. The successful candidate will combine strong analytical capabilities with excellent attention to detail, a collaborative approach and the ability to proactively identify and resolve problems.

Key Responsibilities

Compensation Planning & Annual Processes

• Support the delivery of annual compensation activities, including salary reviews, incentive payments, bonus planning and year-end compensation processes.
• Prepare compensation analyses, modelling and reporting to support decision-making and governance reviews.
• Ensure compensation actions are processed accurately and in accordance with established guidelines and controls.
• Support the maintenance and continuous improvement of compensation processes, guidance and documentation.
• Produce data-driven insights that enable leaders to make informed compensation decisions.

Market Data & Benchmarking

• Manage participation in external compensation surveys, including data preparation, validation and submission to market data providers such as WTW.
• Conduct salary benchmarking and market pricing analysis across European markets for new hire offers, promotions, internal moves and retention cases.
• Perform internal equity analysis and provide recommendations to support fair and competitive pay decisions.
• Maintain and analyse market data to provide insights on compensation trends and competitiveness.
• Support ad hoc benchmarking requests from Talent Acquisition, HR and business stakeholders.

Material Risk Taker (MRT) & Regulatory Compensation Activities

• Support the annual Material Risk Taker (MRT) identification and review process.
• Gather, validate and analyse quantitative and qualitative data required for MRT assessments.
• Partner with HR, Risk, Compliance and Legal stakeholders to support governance, documentation and regulatory reporting requirements.
• Prepare reports and presentation materials for senior leadership and governance forums.

Pay Transparency & Pay Equity

• Support the implementation and ongoing management of EU Pay Transparency requirements and other compensation-related regulatory initiatives across Europe.
• Conduct pay equity analyses and identify trends, risks and opportunities.
• Assist in developing processes, reporting and documentation to support transparency and regulatory obligations.
• Partner with HR stakeholders to promote equitable and consistent compensation practices.

Gender Pay Reporting

• Support annual gender pay gap reporting and associated analysis.
• Produce insights and recommendations to help address identified pay disparities.
• Prepare reporting and presentation materials for senior stakeholders and regulatory disclosures where required.

Sales Incenti

• Sales Incenti