Manager, Compensation

Overview Manager, Compensation

Are you interested in joining a team of Compensation professionals who enable game-changing business results through rewards programs that unleash greatness in our associates? Here at Capital One, we bring a data-driven approach to compensation. We work in a business-casual, collaborative environment where one’s contributions are recognized, successes are elevated, and effort is rewarded.

Capital One is looking for a Compensation Manager to join our team. We are looking for proven candidates who are problem-solvers, results-oriented, and flexible with the ability to manage multiple initiatives in a fast-paced environment. 

Roles and Responsibilities

• Deliver expert compensation consulting and develop proposals and presentations about compensation programs (including market data and appropriate pay levels/targets) to influence and educate senior level decision-makers

• Perform deep analysis on effectiveness and competitiveness of existing compensation programs and model potential impact of alternatives

• Conduct benchmarking and job evaluation using market data and internal evaluation, and regularly analyze our market position on jobs; make recommendations on market adjustments

• Develop plans, educational materials, and communications designed to provide associates, managers, and HR partners with timely and accurate information regarding compensation initiatives

• Consult with Human Resource Consultants on a regular basis, providing expert compensation guidance and recommendations

Basic Qualifications

• Bachelor’s Degree or military experience

• At least 4 years of experience in Compensation or at least 4 years of experience in Finance or at least 4 years of experience in Analytics, or a combination

• At least 3 years of experience in client management

Preferred Qualifications

• Master’s Degree in Accounting, Statistics, Business Administration, Economics, Finance, or Human Resources

• Certified Compensation Professional (CCP)

• 6+ years of experience in Compensation or 6+ years of experience in Finance or 6+ years of experience in Analytics, or a combination

• 5+ years of experience building compensation models and conducting pay analysis 

• 4+ years of experience in client facing or consulting roles

• 1+ year of experience with Workday

• Advanced excel skills (e.g., VBA, macros, array functions)

• Knowledge of human resources and compensation including knowledge of relevant Federal, State, Local laws/regulations relating to compensation

• Experience with benchmarking tools (MarketPay) or reporting tools (Tableau, Business Objects)

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

McLean, VA: $164,800 - $188,100 for Manager, Compensation

Richmond, VA: $149,800 - $171,000 for Manager, Compensation

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website . Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.

No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at View phone number on us.fitly.work or via email at View email address on us.fitly.work . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to View email address on us.fitly.work

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).