Compensation Analyst - JP Morgan - London - 5 months contract - HYBRID - PAYE
We are seeking a Compensation Analyst to join JP Morgan in London on an initial 5 months contract. Compensation as part of our talent development strategy, is fundamental to our goal to attract, retain, and motivate our workforce.
As a Compensation Analyst/Associate for Corporate and Firmwide Functions, you will support a variety of global and regional compensation activities, including providing compensation analysis to stakeholders, actively contributing to annual compensation planning processes, and analysing and reporting internal and external market compensation data.
You will partner across the Global Compensation organization to combine in-depth knowledge of compensation principles, understanding of the business needs, and the market and regulatory landscapes to deliver detailed reporting, analyses, and recommendations.
Job Responsibilities
Support and advise on compensation related activities, including new hire offers, promotions, transfers, budget allocation/forecasting and top talent retention
Develop a comprehensive understanding of business challenges and priorities; effectively analyze issues, determine root causes, propose and communicate solutions
Performing complex analyses and presenting findings to senior management
Provide clear advice and recommendations to help partners make informed and sound comp-related decisions; influence toward compensation best practices
Align with HR business advisors to identify opportunities, improve existing compensation programs, policies and processes
Continually assessing market conditions and pay practices to ensure competitiveness of compensation plans and programs
Translating regulatory and policy governance/requirements into clear guidance for clients
Contributing to the EMEA Compensation Agenda including regulatory and region-specific compensation activities
Actively participate in firmwide projects involving compensation, including but not limited to policy reviews, changes in compensation practices, and systems development
Required qualifications, capabilities, and skills:
Relevant Compensation, Finance, or related experience, with strong critical thinking and problem-solving skills
Strong data management skills and a basic understanding of how a highly matrixed organization is structured
High level of proficiency with Microsoft applications: Advanced understanding of Excel is required - mastery of Pivot Tables, IF statements, XLOOKUPs; exposure to VBA helpful
Detail and results-oriented with the ability to manage multiple competing priorities
Ability to thrive in a fast-paced, collaborative environment and cultivate strong partnerships
Proven consulting skills; ability to manage business goals through Human Resource/Compensation strategies and address issues/devise solutions with creativity and innovation
Preferred qualifications, capabilities and skills:
Experience with business intelligence and reporting tools, such as SAP Business Objects
High degree of intellectual curiosity and a desire to learn
Please note that this role will be working on a hybrid model of 3 days office based and 2 days WFH. You'll require your own device when WFH.