Senior Consultant

Position: Compensation Senior Consultant
Location: Greater London

About Northern Trust As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure:
Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Join Northern Trust's Enterprise Chief Operating Office (ECOO) and play a critical role in shaping compensation strategies that support one of the organization's most dynamic and globally connected functions. As a Compensation Senior Consultant, you will serve as a trusted advisor to business leaders and HR partners, helping drive compensation decisions that attract, retain, and motivate top talent while supporting business objectives.

This role combines deep compensation expertise with strong consulting, analytical, and influencing skills to provide market-informed, equitable, and governance-aligned solutions across a range of complex talent and organizational matters. You will partner closely with leaders to translate compensation philosophy into practical business outcomes, guide critical pay decisions, and deliver insights that support effective workforce and talent strategies.

Key Responsibilities Serve as a trusted compensation advisor for assigned business units and functions within ECOO, providing guidance to HR Business Partners, Talent Acquisition, and business leaders on complex compensation matters.

Develop recommendations for internal moves, retention situations, off-cycle adjustments, reorganizations, and other pay decisions, balancing external market data, internal equity, business priorities, affordability, and governance requirements.

Translate business and workforce needs into practical compensation solutions across base pay, short-term incentives, sales or other variable compensation programs, and recognition programs, as applicable.

Conduct and present job evaluations, leveling assessments, market-pricing analyses, and pay recommendations; support the consistent application of the global job architecture, career framework, and salary structures.

Facilitate compensation discussions with HR and business leaders, explain complex or sensitive information clearly, challenge assumptions constructively, and build alignment around recommended actions.

Monitor external compensation practices, labor market developments, and relevant regulatory changes; assess implications and recommend appropriate responses.

Develop executive-ready analyses and materials that convert complex compensation data into clear findings, alternatives, risks, and recommendations.

Lead and support the global annual compensation cycle, including planning, data validation, market and pay-equity analysis, system testing, stakeholder communications, manager and HR enablement, issue resolution, and post-cycle review.

Knowledge and Skills Advanced knowledge of broad-based compensation principles and practices, including:

Market pricing and compensation surveys

Job evaluation, job leveling, and job architecture

Salary structures and pay administration

Base pay, merit, and variable or incentive compensation

Internal equity, pay equity, pay transparency, and compensation governance

In addition, the successful candidate will possess:

Strong compensation consulting and stakeholder…