Compensation Manager

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often—that’s what we call the courage to thrive.   We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive. Try new things, learn new skills and discover what you excel at—all from Day One.

As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals—no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we’re building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other.

We actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation.

We offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity in everything we do.

The role will lead the compensation strategy, design, governance, and delivery across Europe, including executive remuneration, annual and long-term incentives, job architecture and salary structures, ensuring practices are competitive, compliant, equitable, and aligned to business objectives in regulated financial services.

Accountabilities:

• Regional Compensation Strategy and Design: Own the development and maintenance of regional salary structures and job architecture within the global framework, ensuring alignment with global standards while adapting to local market conditions and regulatory requirements. Drive regional benchmarking, pay modelling, and competitive analysis to support talent attraction and retention, partnering closely with global teams to execute annual cycle parameters and maintain governance consistency.
• Annual Compensation Year-end Process: Lead the regional execution of the annual compensation cycle, including modelling, calibration, risk adjustment, and communication. Oversee data integrity and reporting for the region, and collaborate with global teams on system enhancements and process automation to improve efficiency and accuracy
• Executive Compensation & Governance: Implement executive pay frameworks across the region, tailoring them to local compliance and cultural nuances. Provide strategic input for Remuneration Committee and Board reporting, ensuring accurate regional disclosures and alignment with global governance standards
• Financial Management: Partner with finance to ensure that the annual compensation expense remains within plan and annual forecasting incorporates compensation planning. Work will also involve working with HR team and finance on financial regulatory reports (FINREP) and the annual financial statements, as applicable.
• Regulatory Compliance & Risk Management: Partner with the Europe HR Regulatory and Risk team to manage the MRT identification process and produce and deliver complete and accurate regulatory reports and disclosures and ensure compliance with applicable laws and regulatory requirements. Maintain audit-ready documentation and lead responses to regulatory reviews, embedding robust governance and risk controls into all compensation processes
• Stakeholder Engagement & Advisory: Serve as the regional subject matter expert for compensation, advising HR Talent Consultants, and senior leaders on pay decisions and market trends and act as a point of contact for compensation escalations ensuring that escalations are handled in a timely and efficient manner. Influence stakeholders with clear insights on regulatory risks, competitive positioning, and pay-for-performance alignment to support strategic business objectives
• Team Leadership: Manage and develop the regional compensation team, building expertise in compensation, executive pay, regulatory compliance, and analytics. Foster a culture of continuous improvement and capability building across compensation practices.

Experience required:

• Generally, the role requires a degree or equivalent but candidates with exceptional experience without a qualification to degree level will be considered.
• Minimum of 10 years’ experience in compensation management, preferably within the financial services.
• Demonstrable proven success in the design, operation and management sales incentive plans.
• Practical knowledge and understanding of key European compensation legal and regulatory topics applicable to credit institutions and investment firms.
• Experience in developing, implementing, and managing risk and compliance associated with frameworks, policies, and procedures.
• Proven track record of designing communications to senior executives and broader employee communications.
• Demonstrable experience of interaction, influencing and reaching agreed upon solutions at management and executive levels.
• Proven track record of working independently on their own initiative and delivering practical outcomes to a professional standard.
• Proven to be resilient and able to handle multiple priorities, meeting deadlines whilst maintaining high work standards, with impeccable attention to detail in performance of all tasks.
• Experience in managing different stakeholders including second and third lines of defense.
• Collaborative approach with strong emphasis on delivery and execution.
• Proven analytical skills.
• Intermediate computer skills are needed; including experience with Microsoft Office applications.

Accessibility

We are committed to providing an inclusive and accessible recruitment experience. If you need adjustments at any stage of the application or hiring process, please contact your recruiter for guidance and support.

Total Rewards

U.S. Bank is committed to fair, equitable, and transparent compensation practices in line with local regulatory and legal requirements. Our total rewards approach is designed to attract, retain, and support top talent while ensuring equal pay for work of equal value.

We offer a market-competitive compensation package that includes:

• Clearly defined salary ranges aligned with industry benchmarks and internal equity standards.

• Performance-based incentives for eligible employees (as defined by relevant plan rules), awarded through transparent, objective criteria that recognize both individual and company performance.

• Inclusive equitable benefits that are accessible to all employees and focused around our 3 main pillars of financial wellbeing, health & wellness).

• Continuous development opportunities including training, education support, and career progression pathways based on inclusive and transparent criteria.

• Employee recognition programs that celebrate achievements and milestones for all.

We regularly review our compensation and benefits to ensure they remain competitive, inclusive, and responsive to employee needs and market trends. Further details of the compensation package will be provided upon application.

We encourage candidates to explore the full value of our offer, including monetary and non-monetary benefits, at Employee benefits and development | U.S. Bank | Elavon.

Closing Date

Posting may be closed earlier due to high volume of applicants.

We aim to provide timely updates throughout the process and encourage early applications to ensure consideration.