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Wells Fargo

Nationwide banking and financial services

Lead Compensation Consultant - Compensation Design

Compensation & BenefitsPosted on Nov 13
Full-time

About the Job

Requirements

  • At least 5 years of compensation experience, or equivalent demonstrated through work experience, training, military experience, or education.
  • Ability to develop credible compensation recommendations and assess market competitiveness, equity, financial soundness, company strategy, risk, and regulatory expectations.
  • Working knowledge of compensation-related risk, governance, and compliance, including risk assessment, mitigation, audit or regulatory review support, and control partnerships.
  • Excellent written and verbal communication skills, including developing executive-ready materials and presenting technical and strategic topics to senior leaders.
  • Advanced Microsoft Excel and PowerPoint skills, including experience using Copilot or similar tools to support analysis, storytelling, and execution.
  • Ability to travel as needed for key stakeholder sessions.

Responsibilities

  • Lead complex compensation design initiatives from problem definition through implementation and post-implementation evaluation, applying independent judgment across varied business and organizational contexts and navigating ambiguity and competing business, operational, technical, and regulatory priorities.
  • Develop compensation philosophy, pay positioning recommendations, and related policies, standards, and guidance that support business objectives and balance risk.
  • Develop and maintain guidance for promotions, lateral moves, other job movements, counteroffers, and off-cycle compensation decisions, and consult with stakeholders on consistent application.
  • Lead compensation grade and range reviews and enable grade analysis to inform pay structure recommendations and stakeholder decisions.
  • Lead design, governance, guidance, and stakeholder consultation for Retention and Spot Award programs in partnership with teams responsible for administration and control execution.
  • Translate complex business requirements, data, research, and market insights into clear design recommendations and decision materials within established governance and approval frameworks.
  • Develop implementation-ready design documentation, including design standards, requirements, process flows, and guidance materials, to enable build, rollout, and ongoing sustainment.
  • Lead stakeholder engagement and change activities, including audience-tailored communications and presentations that drive alignment, timely decisions, and successful implementation.
  • Partner with Risk, Legal, Compliance, Product, Technology, Compensation Delivery, and operational teams to assess risk and ensure solutions are practical, scalable, compliant, and system-ready.
  • Monitor outcomes and effectiveness of implemented designs and recommend improvements to compensation frameworks, processes, controls, and delivery efficiency.
  • Support all applicable risk programs by following Wells Fargo policies and procedures, fulfilling risk and compliance obligations, escalating and remediating issues, and making sound risk decisions.
  • Proactively monitor governance and risk, identify and escalate issues, and make sound risk decisions consistent with business risk appetite and applicable program requirements.

Desired Qualifications

  • Experience leading end-to-end compensation design initiatives, including discovery, design, governance, build or configuration partnership, testing, rollout, and post-implementation validation.
  • Experience developing compensation frameworks, philosophy, and practices and translating business needs into scalable compensation products and solutions.
  • Experience synthesizing compensation data, research, and market insights into clear recommendations and decision materials for senior stakeholders.
  • Experience influencing cross-functional stakeholders and facilitating decisions across Compensation, Human Resources, Talent Acquisition, Product, Risk, Legal, Technology, and business teams.
  • Experience translating compensation designs into scalable, system-ready solutions with Product, Technology, Compensation Delivery, and operational teams.
  • Ability to lead and execute multiple large-scale initiatives across business groups and geographies, navigate ambiguity, balance competing priorities, and meet strategic and implementation commitments, including improving processes and using technology, automation, or artificial intelligence-enabled tools to improve execution efficiency.

About the Company

Wells Fargo

Nationwide banking and financial services

Wells Fargo provides banking, investment, and payment services across the United States. Its products include checking and savings accounts, loans, credit cards, wealth management, and payment solutions that work through branches, online and mobile platforms, and an extensive network of branches and ATMs to move money and manage accounts. The bank leverages a long West-to-Midwest footprint and an integrated suite of banking, investment, and payments, reflecting its evolution from 1852 and the 1998 Norwest merger that adopted the Wells Fargo name. Its goal is to help customers manage money, grow wealth, and pay and transfer funds safely and reliably for individuals, small businesses, and institutions.

Company size
10,001+
Company stage
IPO
Headquarters
San Francisco, CA
Founded
1851

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