Human Capital Management, Reward, Executive Compensation Senior Analyst/Associate

Job id

24907

Location

London

Full/Part Time

Full-time

Job Summary & Responsibilities

WHO WE ARE
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world.
Founded in 1869, Goldman Sachs has long sustained a commitment to hiring and training outstanding leaders.  Our business principles are rooted in integrity, a commitment to excellence, innovation and teamwork.  These values enable us to execute successfully a business strategy that is focused on extraordinary client service and superior long-term financial performance for our shareholders.

We conduct our business in increasingly complex markets. Our people must continually find new ways to provide access to capital, manage risk and provide investment opportunities for our clients to enable them to realise their goals.  We judge ourselves on our ability to help clients anticipate and respond to changing market conditions and to create opportunities that merit the trust they place in us.  
BUSINESS UNIT AND ROLE OVERVIEW

The Human Capital Management (HCM) Division comprises of centrally and divisionally aligned teams who specialise in addressing the needs of particular client groups.

HCM is made up of several  departments such as Employee Relations who act as the internal consulting group to all levels of employees and management; Leadership and Diversity who help drive the firms commitment to attracting and retaining the best and most diverse talent at all levels; Finance who assist in the operation of the division; Pine Street and Goldman Sachs University who are committed to helping our people develop;  Recruiting; Reward, which incorporates Wealth, Compensation,  Health and Wellness, HCM Services and Global Mobility Services; Talent Assessment Group who manages the planning, development and talent management processes; Strategy and Management which provides HCM related services and counsel for HCM.

The Compensation team is part of the Global Reward function within the Human Capital Management Division. The EMEA Compensation team encompasses both the Firmwide and Executive Compensation functions.

The Firmwide Compensation function drives the development and implementation of our global compensation philosophy, policies and practices to help effectively attract, retain, and motivate employees. Key responsibilities include:

• New hire compensation and complex offers, compensation approvals, equity valuations, Analyst Program compensation, salary policy, external and internal benchmarking, Non-Exempt employee compensation and coordination of year-end processes and compensation communication  

The Executive Compensation function is at the forefront of the firm's response to significantly increased regulatory requirements in the compensation space, ensuring compliance with regulations while maintaining the competitive and rewarding nature of our compensation structure. Key responsibilities include:

• Responding to legislative and regulatory requirements, maintaining and running existing executive compensation plans, assisting with the disclosure of Directors Emoluments in the statutory accounts and other remuneration disclosure requirements,  handling employee queries in respect of existing plans and equity awards.
Our approach to compensation supports an environment where excellent performance is rewarded and differentiated at all levels.
This position is a terrific opportunity for an individual who wants to expand his/her knowledge of the compensation arena, drive projects to successful conclusion and work in an evolving and very high profile area.


RESPONSIBILITIES

Responsibilities will predominantly cover the Executive Compensation function described above. In particular: keeping abreast of regulatory developments and preparing senior management postings; supporting the year-end regulatory approval process, preparation of proposal documents relating to new compensation models and structures and preparation of compensation disclosure documentation.
The role requires liaison with colleagues in the regional, divisional and central compensation teams, departments outside of HCM including Compensation Accounting, Equity Compensation, Benefits, Recruiting, Controllers, Legal, Tax and external advisors

Basic Qualifications

SKILLS / EXPERIENCE

To be successful in this role, the candidate will need to demonstrate strength and experience in the following areas:

• Experience of general compensation practices
• Experience of executive compensation practices and regulatory awareness
• Excellent analytical skills, including very strong Microsoft Excel skills - an ability to review current processes and/or data, detect and correct errors, take responsibility for data quality; attention to detail essential
• Client service focus and relationship management skills;  notable responsiveness and a "can-do" attitude; ability to understand and articulate the needs of the client
• Project management and execution - highly organized and proven ability to execute and manage complex logistics, projects and tasks, prioritize workload and meet deadlines
• An ability to understand and consider requirements of differing firmwide functions, divisions and regions
• Good judgment  - knowing when to escalate an issue combined with a willingness to be flexible
• Business Objects and Word/Powerpoint skills preferred


COMPETENCIES

• Functional Expertise - Keeps up-to-date with emerging business, economic, and market trends
• Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
• Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
• Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
• Teamwork - Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
• Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
• Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives.  Sees the big picture and effectively analyses complex issues
• Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
• Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions.  Takes a position on issues and influences others' opinions and presents persuasive recommendations

   
YOUR CAREER

Goldman Sachs is a meritocracy where you will be given all the tools to help you develop. At Goldman Sachs, you will have access to excellent training programmes designed to improve multiple facets of your skills portfolio. Our in-house training programme, ‘Goldman Sachs University’ offers a comprehensive series of courses that you will have access to as your career progresses. Goldman Sachs University has an impressive catalogue of courses which span technical, business and leadership skills training.

We value internal mobility. The chance to take on new challenges in the firm over time will ensure that you remain stimulated and will help in your continued professional and personal development.






Goldman Sachs is an equal opportunities employer and is committed to the principle of diversity.
Goldman Sachs conducts background checks on individuals offered employment with the firm and employment with Goldman Sachs is conditional upon individuals successfully completing those checks.  As part of the background check process, Goldman Sachs may need to obtain a record of disclosable criminal convictions from a government agency such as the Criminal Records Bureau. The firm has adopted policies on the recruitment of ex-offenders and on the retention, storage and disposal of criminal record information which are available on request.

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