OUR IMPACT
As a division, HCM is at the forefront of supporting business growth and change at Goldman Sachs by recruiting, developing, and rewarding the people of Goldman Sachs. Our teams advise, design, and implement strategies, processes, and technologies that help our people advance professionally, drive productivity, and help the firm and our clients achieve superior results.
The Firmwide Compensation Team drives the development and implementation of our compensation philosophy, policies, and practices around the world, supporting our best efforts to attract and retain the best talent available. The work is invariably of a confidential nature and requires a unique combination of skills to deliver workable solutions to a diverse range of issues. This function requires liaising with other departments such as Controllers, Legal, and Tax and will also involve providing support to other HCM functions, including HCM Business Partners, Recruiting, Employee Relations, Executive Compensation, Equity Compensation, and Global Mobility Services.
The ideal candidate will leverage their proven expertise to assist in the design and delivery of comprehensive compensation programmes to over 6,000 employees across the region. This candidate will serve as a key member of the EMEA Compensation team.
Principle Duties and Responsibilities
1. Serve as strategic advisor to Divisions in the design / implementation of compensation programmes and partner with divisional HCM to advise / deliver workable solutions to the business on compensation issues
2. Oversee and support region-specific compensation programmes and processes ., Currency Election Programme and deliver on compensation related projects in line with firm and divisional strategy
3. Work with consultants to benchmark compensation in financial services and other adjacent markets and prepare key findings, as required, to stakeholders
4. Partner with cross-functional HCM teams to advise and structure new hire compensation packages and transfer salaries for existing employees
5. Support all compensation matters relating to EMEA jurisdictions including monthly payrolls, equity make whole valuations, compensation audits and management of offer letter templates
6. Provide support and oversight for the year-end compensation process including total compensation recommendations, salaries and compensation communication
7. Partner with divisional HCM to work on any new office build-outs or acquisitions within the EMEA region
8. Work closely with Human Capital Management Engineering on system enhancements and automation to achieve operational efficiency
9. Identify continuous improvement opportunities, drive process change and create efficiencies across the function. Work closely with HCM Engineering on system enhancements and automation to achieve operational efficiency
10. Liaise with divisional HCM, Tax, Legal, and Controllers on compensation matters as necessary
SKILLS & EXPERIENCE WE’RE LOOKING FOR
11. Preferably bachelor’s degree in business administration, finance or a related field in HR
12. 7+ years of relevant work experience; experience in compensation preferred
13. Comfortable working with and analyzing large sets of data and presenting results that tell a clear and compelling story. Strong proficiency in Excel, comfortable with various formulae and pivot tables
14. Ability to handle multiple, time-sensitive projects while focusing on the quality of work delivered to clients
15. Highly organized, attention to detail and excellent follow-through required
16. Some functional knowledge of Executive Compensation practices and European remuneration regulations preferred
17. Strong written and verbal communication skills and ability to develop relationships with professionals across several HCM groups and act as an effective liaison to meet client needs
18. Thinks multiple steps ahead; prepares for potential problems and escalates issues when appropriate; and juggles competing deadlines effectively
19. Ability to work well both independently and in a global fast-paced team environment
ABOUT GOLDMAN SACHS At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at /careers. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.