Incentive Compensation Product Owner (Lead Business Execution Consultant)

Wells Fargo - Phoenix, AZ

Full-time - Mid Level

Phoenix, AZ

Credit Intermediation and Related Activities

About the position

Wells Fargo is seeking a Lead Business Analyst (Product Owner) to join our growing Human Resources (HR) Product & Portfolio Management Team. This is an exciting opportunity to support the delivery of Incentive Compensation plans to our employees through process and technology. Reporting to the Product Management Senior Manager of Compensation, this person will act as the Product Owner supporting the incentive compensation application, Varicent. This role will collaborate with internal and external subject matter experts, system users, and stakeholders to understand and document existing and proposed business processes, requirements, and system needs. In this role, you will articulate product vision, define scope, prioritize backlog, establish Objectives and Key Results (OKRs), and provide direction for the Incentive Compensation Product Team. You will lead the Incentive Compensation Product Team of analysts and developers to design, develop, and deliver long-term, large-scale solutions to complex and unique challenges with a meaningful focus on regulatory impact and risk management. Additionally, you will advise the Corporate Compensation Senior Leadership Team on plan design updates as well as build vs. buy decisions. You will develop, maintain, and conduct quarterly Product Roadmap reviews with Corporate Compensation leadership and control teams, ensuring prioritization strategies to deliver high-quality Agile outcomes that meet business needs and expectations. Your responsibilities will also include assisting in decomposing epics into effective features and user stories, collaborating with internal and external subject matter experts, and applying knowledge of industry trends and technology to drive organizational change and position Wells Fargo for the future. Ultimately, you will translate problem statements, requirements, and system needs into effective customer experiences.

Responsibilities

• Articulate product vision and define scope for the Incentive Compensation Product Team.
• Prioritize backlog and establish Objectives and Key Results (OKRs).
• Lead the Incentive Compensation Product Team of analysts and developers.
• Design, develop, and deliver long-term, large-scale solutions to complex challenges.
• Advise the Corporate Compensation Senior Leadership Team on plan design updates.
• Conduct quarterly Product Roadmap reviews with Corporate Compensation leadership.
• Ensure high-quality Agile delivery that meets business needs and expectations.
• Assist in decomposing epics into effective features and user stories.
• Collaborate with internal and external subject matter experts to document business processes and requirements.
• Apply knowledge of industry trends and technology to drive organizational change.

Requirements

• 5+ years of Business Execution, Implementation, or Strategic Planning experience, or equivalent demonstrated through work experience, training, military experience, or education.
• 4+ years of experience with the design, implementation, or administration of Incentive Compensation activities and programs.
• 3+ years of experience with incentive compensation management tools, preferably Varicent or similar systems.
• Experience within Human Resources, Total Rewards, and/or Incentive Compensation.
• Product management or analyst experience.
• Experience operating in an Agile environment with multiple Product teams.
• Experience with Jira and Confluence.
• Excellent verbal, written, and interpersonal communication skills.
• Leadership or mentorship experience.

Nice-to-haves

• Experience with regulatory impact and risk management in compensation plans.
• Familiarity with Agile methodologies and frameworks.
• Experience in stakeholder management and relationship building.

Benefits

• Hybrid work schedule available.
• Diversity, equity, and inclusion initiatives.
• Support for employee development and training programs.