Regional Compensation Leader, UK

Company:MMC Corporate

Description:

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, Broad-Based 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 CoE’s Reward philosophy and that support Marsh McLennan’s 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 CoE’s Reward philosophy and that support Marsh McLennan’s 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 business-led initiatives (e.g. M&A, group consolidations).
• Drive enterprise-wide compensation initiatives and projects by sponsoring, leading, or contributing through cross-functional collaboration, change management, and continuous improvement to enhance the effectiveness and efficiency of Marsh McLennan’s 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 reward-related themes, turning complex topics into an integrated narrative that aligns with Marsh McLennan’s 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 on-going 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 client-centric approach to problem solving
• Intellectually curious, seeking opportunities to develop new skills for themselves and others
• Excellent analytical and problem-solving 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 fast-paced 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 well-being.

Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marshmclennan.com, or follow on LinkedIn and X.Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at [email protected].

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.