Wells Fargo · 12 hours ago
Lead Compensation Consultant - Total Rewards
MINNEAPOLIS, MN
Full-time
Hybrid
Senior Level
$119K/yr - $206K/yr
5+ years expWells Fargo is seeking a Lead Compensation Consultant to join our Total Rewards Line of Business Compensation Team. This role serves as a key partner to business leaders and HR teams, providing strategic consultation on compensation strategies that support business objectives, drive performance, and ensure market competitiveness.
BankingFinancial ServicesFinTechInsurancePayments
No H1B
Responsibilities
Serve as a trusted advisor to business leaders, HR partners, and cross-functional teams by fostering open communication, understanding stakeholder needs, and delivering value-added compensation support
Develop and maintain strong partnerships with HR Business Partners, Recruiters, Finance, Legal, and Total Rewards Centers of Excellence to ensure alignment and consistency in compensation practices
Partner with peers across functions to share best practices and consider enterprise impacts of compensation decisions
Assess business priorities and analyze compensation data and trends to deliver forward-thinking actionable recommendations to the business that align pay strategies with organizational goals, talent needs and market dynamics in an executive-ready manner
Leverage business knowledge and compensation analysis to influence the design of the job catalog, base pay structures, differentials, and other compensation programs
Support the annual compensation planning cycle, including merit, bonus, and equity planning, ensure readiness of key stakeholders
Conduct market pricing and benchmarking to inform compensation decisions and maintain competitiveness that are in alignment with business priorities
Review compensation in job offers for reasonableness and alignment with company practices and guidelines, influencing the business and talent acquisition partners as necessary to support equitable decisions
Manage readiness activities for the business in relation to enterprise-wide compensation programs and processes changes
Lead compensation workstreams for key business changes such as reorganizations, acquisitions, or new initiatives
Ensure business-specific compensation practices comply with internal policies, regulatory requirements, and risk management standards
Communicate complex compensation concepts clearly to non-compensation audiences, including senior leaders
Qualification
Required
5+ years of Compensation experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Preferred
Experience in compensation consulting, total rewards, or human resources business partner space with a focus on business partnership and relationship management
Excellent communication and interpersonal skills, with the ability to advise senior stakeholders and influence outcomes
Strong analytical skills with the ability to collect, interpret, and evaluate data to make informed decisions about compensation structures and market competitiveness that align with business need
Strong understanding of base pay and incentive structures, as well as pay-for-performance strategies
Advanced skills in managing and leading businesses through change
Experience supporting line of business leaders with compensation planning and market analysis
Proficient with compensation tools / Human Resource Information Systems
Familiarity with external market data sources and benchmarking methodologies
Knowledge of compensation governance, compliance, and risk management practices
Benefits
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement
Company
Wells Fargo
Wells Fargo & Company is a financial services firm that provides banking, insurance, investments, and mortgage services.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-10-06IPO
Leadership Team
Charlie Scharf
CEO
Fernando Rivas
CEO of Corporate & Investment Banking
Recent News
2026-01-24
2026-01-23
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