Business Compensation

HUMAN CAPITAL MANAGEMENT

Our 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.

The Business Compensation team drives implementation of our compensation philosophy, policies, and practices around the world, supporting our best efforts to attract and retain the best talent available. The team provides in-depth expertise in business-specific compensation approaches to ensure our strategies are tailored to the unique needs of each division. 

JOB SUMMARY & RESPONSIBILITIES 

• Serve as a compensation advisor to HCM Business Partners and Divisional Leadership, partnering to implement and evolve business compensation programs aligned with firm strategy, talent priorities, and financial guardrails 
• Lead critical compensation processes including, but not limited to; the annual compensation cycle, external benchmarking reviews, and review of campus hire offer structure
• Centrally administer and continuously improve the year-end compensation process, including governance, approvals, timing, analytics and stakeholder communications; identify opportunities to streamline execution and enhance controls 
• Oversee and approve complex compensation transactions (e.g., offers, transfers, make-wholes, exceptions), ensuring adherence to firm policy, internal equity, and budget discipline while exercising sound judgement and escalation when required 
• Manage analytical reporting across headcount, payroll & attrition metrics; translate data into concise, executive-ready insights, trends, and narratives for COO, CFO, and divisional leadership audiences 
• Partner closely with divisional finance teams to manage compensation budgets, forecasts, and trade-offs; provide proactive insights on emerging risks and opportunities across hiring, attrition, and pay decisions 
• Continuously seek improvement and automation opportunities, drive process change, and create efficiencies across the function
• Provide thought leadership and coaching to junior team members, reviewing work for accuracy and quality, setting clear expectations, and supporting development through feedback and ownership opportunities 

QUALIFICATIONS

• Bachelor’s degree in an analytical field such as Finance, Accounting, or Mathematics or a related field in HR preferred 
• 7 + years of work experience in compensation or related field 
• 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

ABOUT GOLDMAN SACHS

 

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. 

 

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. 

 

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

 

© The Goldman Sachs Group, Inc., 2023. All rights reserved.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.