Head of Compensation & Benefits
- Itaú Unibanco
- Lisbon, Portugal
- €90,000 – €120,000
Role Purpose:
The Head of Compensation & Benefits is responsible for delivering data-driven HR insights, managing compensation and benefits analyses, supporting regulatory remuneration requirements, and ensuring robust HR reporting and governance across the organization. The role acts as a key partner to HR, Finance, Risk, Compliance and senior management by providing workforce analytics, compensation expertise and regulatory oversight to support strategic decision-making and compliance obligations.
Key Responsibilities:
1) HR Analytics & Reporting:
• Develop and maintain HR dashboards and KPIs. • Produce regular workforce reports covering headcount, turnover, absenteeism, diversity, hiring and retention metrics. • Analyse workforce trends and identify areas of risk and opportunity. • Support management reporting and Board-level HR presentations. • Ensure accuracy and integrity of HR data across systems.
2) Compensation & Benefits:
• Conduct annual salary reviews and benchmarking exercises. • Support bonus, incentive and variable remuneration processes. • Monitor market trends and compensation competitiveness. • Participate in compensation surveys and prepare benchmarking analyses. • Review compensation structures and recommend improvements aligned with business needs. • Support job evaluation and grading exercises.
3) Regulatory Remuneration Oversight:
• Support compliance with CRD, EBA Guidelines and local regulatory remuneration requirements. • Monitor Material Risk Taker (MRT) population and remuneration governance requirements. • Assist in deferred compensation tracking and reporting. • Coordinate remuneration disclosures and governance documentation. • Support remuneration committee reporting and related analyses.
4) HR Systems & Data Governance:
• Maintain HR reporting databases and employee records. • Ensure compliance with GDPR and data privacy requirements. • Improve data quality controls and reporting processes. • Participate in HR digitalization and systems enhancement initiatives.
5) Projects & Continuous Improvement:
• Lead HR analytics and compensation-related projects. • Identify opportunities to improve reporting automation and efficiency. • Support HR transformation initiatives.
Required Qualifications:
• Bachelor's degree in Human Resources, Finance, Economics, Statistics, Business Administration or related field. • 6+ years of experience in HR Analytics, Compensation & Benefits or HR Governance. • Experience within Banking, Financial Services or a regulated environment preferred. • Advanced Excel and data analysis skills. • Experience with Power BI, Tableau or similar analytical tools. • Strong understanding of remuneration frameworks and HR metrics. • Knowledge of CRD/EBA remuneration principles is highly desirable.
Key Competencies:
• Analytical thinking • Attention to detail • Numerical and financial acumen Stakeholder management • Regulatory awareness • Problem solving
Skills
- Compensation Benchmarking
- HR Analytics
- Regulatory Compliance (CRD/EBA)
- Salary Structure Design
- Workforce Reporting
- Job Evaluation
- Data Governance








