Manager, Compensation

Capital One; McLean (VA); On-site; USD 164,800 - 188,100; Full time

Benefits offered by this job

Comprehensive health benefits

Performance-based bonuses

Inclusive environment

Job summary

A major financial services company in McLean, VA, seeks a Compensation Manager to enhance compensation strategies. The ideal candidate will have a Bachelor’s Degree or military experience, with a minimum of 4 years in related fields such as Compensation or Finance. Responsibilities include consulting on compensation programs, conducting market analysis, and educating management on compensation initiatives. This position offers an annual salary ranging from $164,800 to $188,100, and the possibility for performance-based incentives.

Qualifications

• Minimum of 4 years in Compensation, Finance, or Analytics.
• At least 3 years of experience in client management.
• Strong knowledge of human resources and compensation laws.

Responsibilities

• Deliver expert compensation consulting by developing presentations.
• Analyze effectiveness of compensation programs and suggest improvements.
• Conduct benchmarking and make recommendations on market adjustments.

Skills

Analysis and benchmarking

Consultation skills

Client management

Excel skills (VBA, macros)

Education

Bachelor’s Degree or military experience

Master’s Degree in relevant field

Tools

Workday

MarketPay

Tableau

Job description

Are you interested in joining a team of Compensation professionals who enable game-changing business results through rewards programs that unleash greatness in our associates? Here at Capital One, we bring a data-driven approach to compensation. We work in a business-casual, collaborative environment where one’s contributions are recognized, successes are elevated, and effort is rewarded.

Capital One is looking for a Compensation Manager to join our team. We are looking for proven candidates who are problem-solvers, results-oriented, and flexible with the ability to manage multiple initiatives in a fast-paced environment.

Roles and Responsibilities

• Deliver expert compensation consulting and develop proposals and presentations about compensation programs (including market data and appropriate pay levels/targets) to influence and educate senior-level decision-makers
• Perform deep analysis on effectiveness and competitiveness of existing compensation programs and model potential impact of alternatives
• Conduct benchmarking and job evaluation using market data and internal evaluation, and regularly analyze our market position on jobs; make recommendations on market adjustments
• Develop plans, educational materials, and communications designed to provide associates, managers, and HR partners with timely and accurate information regarding compensation initiatives
• Consult with Human Resource Consultants on a regular basis, providing expert compensation guidance and recommendations

Basic Qualifications

• Bachelor’s Degree or military experience
• At least 4 years of experience in Compensation or at least 4 years of experience in Finance or at least 4 years of experience in Analytics, or a combination
• At least 3 years of experience in client management

Preferred Qualifications

• Master’s Degree in Accounting, Statistics, Business Administration, Economics, Finance, or Human Resources
• Certified Compensation Professional (CCP)
• 6+ years of experience in Compensation or 6+ years of experience in Finance or 6+ years of experience in Analytics, or a combination
• 5+ years of experience building compensation models and conducting pay analysis
• 4+ years of experience in client-facing or consulting roles
• 1+ year of experience with Workday
• Advanced excel skills (e.g., VBA, macros, array functions)
• Knowledge of human resources and compensation including knowledge of relevant Federal, State, Local laws/regulations relating to compensation
• Experience with benchmarking tools (MarketPay) or reporting tools (Tableau, Business Objects)

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

McLean, VA: $164,800 – $188,100 for Manager, Compensation

Richmond, VA: $149,800 – $171,000 for Manager, Compensation

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.

This role is also eligible to earn performance-based incentive compensation, which may include cash bonus(es) and/or long-term incentives (LTI). Incentives could be discretionary or non-discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace.