Regional Compensation Leader UK
Regional Compensation Leader UK
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Job Description
Company:
MMC CorporateDescription:
We are seeking a talented individual to join our Compensation Centre of Expertise (COE) at Marsh McLennan. This role will be based in London. This is a hybrid role that has a requirement of working at least three days a week in the office.
Regional Compensation Leader United Kingdom
The Compensation COE forms part of the People Strategy Team. The People Strategy Team identifies develops and delivers solutions and is comprised of six centers of expertise HR Strategy Workforce Planning Talent & Inclusion Executive Compensation BroadBased Compensation and Benefits & Mobility. The People Strategy team delivers informed perspectives and creative solutions; anticipates and helps the organization respond to market business and colleague needs; and brings a balance of deep technical expertise and consultative approach to identifying opportunities and developing scalable solutions that enable impact.
This role partners closely with Senior Leadership both within the Business and People Function of the UK region by providing best in class rewards advisory and consultation. The role will champion and drive the implementation of reward strategies that align with the CoEs Reward philosophy and that support Marsh McLennans overall business objectives. In addition the role represents the UK across all Marsh McLennan businesses and forms part of the International Rewards leadership team. The Regional Compensation Leader for the UK reports to the Marsh McLennan Compensation Leader.
We will count on you to:
- Act as a client advisor and consultant to the Business and People Function leaders in the UK by providing best in class rewards advisory and counsel to the CEO CPO CFO and broader business executive committee(s)
- Champion and drive the implementation of reward strategies that align with the CoEs Reward philosophy and that support Marsh McLennans overall business objectives
- Consult with People Partners People Strategy Finance and other CoEs to understand and diagnose regional compensation priorities define reward requirements and ensure appropriate partnership engagement and alignment on delivering solutions.
- Areas of focus include reward program delivery annual pay review and associated budgets/pools Remuneration Committees and broader regulatory requirements Executive Committee updates and materials compensation program effectiveness and businessled initiatives (e.g. M&A group consolidations).
- Drive enterprisewide compensation initiatives and projects by sponsoring leading or contributing through crossfunctional collaboration change management and continuous improvement to enhance the effectiveness and efficiency of Marsh McLennans reward programs and processes.
- Monitor external market trends and liaise with the broader People Strategy function to identify reward gaps developing regulatory requirements & other relevant insights.
- Apply a consultative skillset to rewardrelated themes turning complex topics into an integrated narrative that aligns with Marsh McLennans purpose and commitments.
- Lead develop coach and mentor other member(s) of the UK Compensation Team: Provide guidance on team objectives and provide constructive feedback on performance on an ongoing basis. Directly manage a team of two specialized reward professionals.
What you need to have:
- Significant experience within total rewards and compensation at senior level within a large complex matrixed organisation ideally within the finance banking professional services or insurance sectors.
- A deep understanding of the Regulatory Environment in the UK (FCA regulation broader reporting requirements)
- A consultative mindset and clientcentric approach to problem solving
- Intellectually curious seeking opportunities to develop new skills for themselves and others
- Excellent analytical and problemsolving skills with the ability to interpret and analyze complex data sets
- Advanced proficiency with Excel including the ability to work with complex formulas pivot tables and data visualization.
- Discipline to work both individually as well as collaboratively across a team
- Excellent communication and interpersonal skills to collaborate effectively with diverse and global stakeholders globally
- Ability to work in a fastpaced and dynamic environment with a high level of adaptability to different cultural contexts
Why join our team:
- We help you be your best through professional development opportunities interesting work and supportive leaders.
- We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues clients and communities.
- Our scale enables us to provide a range of career opportunities as well as benefits and rewards to enhance your wellbeing.
Employment Type
Full-Time
