Lead Compensation Consultant

Posted 8 Days Ago
Be an Early Applicant
Chicago, IL
Hybrid
76K-128K Annually
5-7 Years Experience
Cloud • Fintech • Machine Learning • Analytics • Financial Services
We power a network that helps people achieve a brighter financial future.
The Role
The Lead Compensation Consultant manages compensation projects, conducts market analyses, and provides guidance on compensation issues. Works closely with HR to ensure competitive positions and compliance with regulatory requirements while leading the development of compensation policies.
Summary Generated by Built In

Discover. A brighter future.
With us, you'll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it - we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.
Come build your future, while being the reason millions of people find a brighter financial future with Discover.
Job Description:
What You'll Do:
Responsible for managing compensation projects, wage and hour compliance, and compensation policies and procedures. Provides support and guidance to the business and Human Resources on compensation related issues. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
How You'll Do It:

  • Provides leadership and counsel on the design and implementation of compensation projects, programs, policies, practices, and procedures.
  • Conducts market analyses and research to support compensation decisions and program recommendations.
  • Partners with Human Resources partners to ensure competitive market position. Ensures market positions allow for the ability to attract, retain, and motivate employees and candidates.
  • Leads and develops efforts to ensure company compliance with regulatory requirements
  • Ensures compliance with organization policies and procedures.


Qualification You'll need
Minimum Qualifications:

  • Bachelors in Human Resources, Business Administration and Management or related
  • 6+ years in compensation Analysis and Consulting


Physical and Cognitive Requirements
The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:

  • Does this job require remaining in a stationary position, including but not limited to, primarily sitting and standing?
    Primarily remain in a stationary position.
  • Does this job require the ability to move about inside or outside the work environment to complete the major responsibilities of the job? No required movement about the work environment to complete the major responsibilities of the job.
  • Does this job require the ability to transport physical objects? If so, provide the weight of the heaviest object the job needs to transport without the aid of machinery or equipment or the weight equivalency with the aid of machinery or equipment. No
  • Primarily, where is this job performed? Primarily performed indoors in an office setting.
  • Does this job require the ability to operate equipment or machinery? Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
  • Does this job require the ability to communicate verbally or in written form? Ability to communicate verbally.; Ability to communicate in written form.
  • Does the job require travel? Travel up to 10% of the time
  • Does this role require testing or assessments to measure the ability to perform the job? No


Bonus Points If You Have:

  • CCP


Discover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.
Application Deadline:
The application window for this position is anticipated to close on Oct-15-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.
Compensation:
The base pay for this position generally ranges between $75,500.00 to $127,900.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.
Benefits:
We also offer a range of benefits and programs based on eligibility. These benefits include:

  • Paid Parental Leave
  • Paid Time Off
  • 401(k) Plan
  • Medical, Dental, Vision, & Health Savings Account
  • STD, Life, LTD and AD&D
  • Recognition Program
  • Education Assistance
  • Commuter Benefits
  • Family Support Programs
  • Employee Stock Purchase Plan


Learn more at mydiscoverbenefits.com .
What are you waiting for? Apply today!
All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.
Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights & Pay Transparency Nondiscrimination Provision)
Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email [email protected] . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.

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The Company
HQ: Riverwoods, IL
18,000 Employees
Hybrid Workplace
Year Founded: 1986

What We Do

Discover is one of the most recognized brands in U.S. financial services. We’re a direct banking and payment services company built on a legacy of innovation and customer service. We support, challenge and inspire employees to continually develop their skills, advance their career and help grow our business.

Future Edge 50: 2020, 2019 & 2018

Why Work With Us

You can make an impact. Whether it’s developing corporate strategy, innovating new services or supporting IT needs, every employee has the opportunity to be a vital part of our business and make a real difference in people’s lives. It’s the heart of what we do.

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