Goldman Sachs is Hiring a Human Capital Management, Compensation Associate-New York Near New York, NY
Job DescriptionHUMAN CAPITAL MANAGEMENTOur division recruits, develops and rewards the people of Goldman Sachs. Our teams advise, design and implement strategies, processes and technologies that help our people advance professionally, drive productivity and help the firm and our clients achieve superior results. We look for individuals with strong problem solving and analytical skills, innovative thinking and intellectual curiosity who want to make an impact on the success of the firm’s most valuable asset, our people. Job Summary & ResponsibilitiesAs a division, HCM is at the forefront of supporting business growth and change at Goldman Sachs by recruiting, developing, and rewarding the people of Goldman Sachs. Our teams advise, design, and implement strategies, processes, and technologies that help our people advance professionally, drive productivity, and help the firm and our clients achieve superior results. The Firmwide Compensation Team drives the development and implementation of our compensation philosophy, policies, and practices around the world, supporting our best efforts to attract and retain the best talent available. This function requires liaising with other departments such as Controllers, Legal, and Tax and will also involve providing support to other HCM functions, including HCM Business Partners, Employee Relations, Executive Compensation, Equity Compensation, and Global Mobility Services.
Serve as a strategic advisor to design compensation programs and deliver projects in line with firm and divisional strategy
Lead compensation benchmarking initiatives by working with consultants and HCM peers. Provide key findings to divisional and firmwide senior leadership throughout the year
Partner with cross-functional HCM teams to advise and structure new hire compensation packages
Engage with the Firmwide Compensation team to identify continuous improvement and automation opportunities, drive process change, and create efficiencies across the function
Analyze hiring and attrition trends to understand market movement and advise senior stakeholders on best approaches to attract and retain top talent
Design of compensation programs and policies, including modeling financial costs and implementation strategies
Work closely with finance and divisions to manage compensation budgets throughout the year; centrally administer the year-end compensation process for the firm
Mentor and develop junior team members
Other duties as assigned
Qualifications
Bachelor’s degree required; Bachelor’s degree in an analytical field such as Finance, Accounting, or Mathematics or a related field in HR preferred
3 years of relevant work experience required;
Highly proficient working with and analyzing large sets of data and presenting results that tell a clear and compelling story
Ability to handle multiple, time-sensitive projects while focusing on the quality of work delivered to clients; balances competing deadlines effectively
Highly organized, strong attention to detail, and excellent follow-through required
Strong written and verbal communication skills, ability to develop relationships with professionals across several HCM groups, and act as an effective liaison to meet client needs
Ability to work with Excel on a day to day basis including vLookups, Pivot Tables, and other advanced formulas.
Thinks multiple steps ahead; prepares for potential problems and escalates issues when appropriate
Ability to work well both independently and in a collaborative, fast-paced, and global team environment