Principal Compensation Manager at Remitly

Seattle, Washington, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Bachelor's degree in Human Resources, Business, Finance, or a related field, or equivalent practical experience
7+ years of progressive experience in compensation, with expertise in both cash and equity compensation in a high-growth or technology environment
Expert knowledge of compensation principles, market pricing, and long-term incentive design, including understanding of equity valuation and related regulatory considerations
Experience influencing and advising stakeholders, including executives
Demonstrated success leading complex compensation projects or programs

Responsibilities

Lead Key Compensation Initiatives: Design and execute compensation projects and programs with a focus on aligning to market best practices in conjunction with Remitly values and compensation philosophy
Apply Deep Technical Expertise: Serve as a subject matter expert in compensation design, applying knowledge of both cash and equity programs to drive recommendations and solutions to complex pay issues
Conduct Advanced Analyses: Analyze market data, compensation trends, and internal pay practices to develop data-driven insights and recommendations
Support Strategic Compensation Cycles: Play a leading role in the design and execution of company-wide compensation cycles (e.g., merit, promotion, equity refresh), driving operational excellence in process design and delivery
Influence and Advise Business Partners: Act as a trusted advisor to HR Business Partners and business leaders, supporting compensation decisions across assigned functions or geographies
Collaborate Cross-Functionally: Partner with Total Rewards, People Operations, HRBPs, Finance, and Legal teams to ensure compensation programs are aligned with business objectives, scalable, and compliant
Support Change and Scalability: Contribute to the evolution of Remitly's compensation practices as we scale, supporting new country expansions, organizational design changes, and evolving market dynamics
Provide Thought Leadership: Stay informed on market trends, compensation regulations, and industry best practices, proactively applying this knowledge to improve internal practices and programs

Skills

Compensation Design

Compensation Programs

Market Benchmarking

Compensation Analytics

Total Rewards

Equity Compensation

Incentive Design

Project Management

Cross-functional Collaboration

Data Analysis

Remitly

International money transfer for immigrants

About Remitly

Remitly focuses on international money transfers, helping immigrants send money to their families quickly and securely at lower costs than traditional banks. The company charges transaction fees and earns from the exchange rate margin, offering various transfer options like bank deposits and cash pickups. Remitly enhances user experience through its website and mobile app, allowing real-time tracking of transfers, and engages with immigrant communities by providing helpful resources and educational support. Its goal is to meet the unique needs of immigrants while ensuring fast, affordable, and reliable money transfer services.

Seattle, WashingtonHeadquarters

2011Year Founded

$423.9MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Continuing Education or Travel Stipend

Office Culture

Flexible PTO, Schedules and Leaves

DEI Learning Opportunities

Community Engagement

Inclusive Benefits

Risks

Swift's integration into banks' channels poses a competitive threat to Remitly.

AI agents' rise may challenge Remitly's operational model in efficiency and cost-effectiveness.

Schall Law Firm's investigation could impact investor confidence and Remitly's reputation.

Differentiation

Remitly focuses on immigrants, offering competitive rates and fast, secure transactions.

The company leverages technology for a seamless user experience via its app and website.

Remitly engages with immigrant communities through content and educational initiatives.

Upsides

Increased digital wallet adoption in key markets expands Remitly's reach to unbanked individuals.

AI agents in operations could reduce costs and improve Remitly's efficiency.

Visa collaboration enhances Remitly's cross-border fund flow services, boosting customer satisfaction.

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