Principal Associate, Compensation
Center 1 (19052), United States of America, McLean, VirginiaPrincipal Associate, Compensation
Capital One is focused on developing the best tools to help pay incentives for associates. We are working to improve the associate experience and how they can understand and be paid for their incentives. We work in a business-casual, collaborative environment where one’s contributions are recognized, successes are elevated and effort is rewarded. We are looking at how we can simplify, automate, and deliver on our line of business incentives for our associates. You will have a history of gathering requirements and digging into the details of business objectives. Your experience of being able to translate these requirements into terms that others can develop solutions will be critical. In addition, you value the importance of ensuring strong governance for ensuring we effectively and accurately pay our associates.
Capital One is looking for a Principal Associate, Compensation to join our Total Rewards team. The ideal candidate for this role should exhibit strong communication, influencing, and problem solving skills towards all stakeholders.
Consult on compensation matters with Human Resource Consultants and Senior Director / VP level business leaders
Perform deep analysis on effectiveness and competitiveness of existing compensation programs and model potential impact of alternatives
Conduct job evaluation using market data and internal evaluation and regularly analyze our market position on jobs
Assist senior compensation consultants with development of proposals and presentations about compensation programs (including market data and appropriate pay levels/targets) to influence and educate senior level decision-makers
Draft plans, educational materials, and communications designed to provide associates, managers, and HR partners with timely and accurate information regarding compensation initiatives
Manage job descriptions for your clients, including auditing jobs for content and preparing job descriptions reflecting job responsibilities and requirements, as needed
Audit and analyze internal compensation practices in relation to relevant regulations. Develop recommendations for corrective actions as needed
Bachelor’s Degree or military experience
At least 3 years of experience in Compensation or at least 3 years of experience in Finance or at least 3 years of experience in Analytics, or a combination
At least 2 years of experience in Excel
Master’s Degree in Accounting, Statistics, Business Administration, Economics, Finance, or Human Resources
Certified Compensation Professional (CCP)
At least 5+ years of experience in Compensation or 5+ years of experience in Finance or 5+ years of experience in Analytics, or a combination
At least 2+ years of experience in a client facing or consulting roles
At least 1+ year of experience with Workday
At least 4+ years of experience building compensation models and conducting pay analysis
Advanced excel skills (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.
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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).