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Senior Compensation Analyst

Company: Federal Reserve Bank of New York
Location: Chicago
Posted on: January 28, 2023

Job Description:

CompanyFederal Reserve Bank of ChicagoAs a Senior Compensation Analyst you will implement, administer, and develop base and variable pay compensation programs in a diverse, high compliance environment. This role combines high stakeholder involvement with advanced analytical demands. You will be reporting to the Compensation Supervisor.Your Responsibilities:

  • Serve as HR liaison to key business units and high influence stakeholders
  • Provide pay recommendations, guidance, and solutions to Bank management
  • Administer and design base pay and variable pay programs
  • Manage compensation market data and analytics
  • Conduct comprehensive reviews of Bank-wide and department pay strategy, job analysis, pricing, and prepares job descriptions
  • Manage cross functional projects and participates on work teams Your Qualifications:
    • Bachelor's degree or equivalent experience 5 to 7 years of professional work experience
    • Applied advanced knowledge and expertise of Compensation principles and best practices Advanced data analysis and spreadsheet skills
    • Strong communication and presentation skillsExcellent analytical and problem-solving skills
    • Demonstrates independent thinking and decision-making abilities
    • Experience in a customer-facing, business partner role
    • Proficiency with HR systems, data management, and report writing What we offer:
      • Comprehensive benefits package include medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria
      • A learning environment with opportunities to gain new skills and grow your careerRequirements:All Federal Reserve Bank of Chicago employees must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, unless the Bank grants an accommodation based on medical condition or sincerely held religious belief.As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryHuman ResourcesWork ShiftFirst (United States of America)The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Keywords: Federal Reserve Bank of New York, Chicago , Senior Compensation Analyst, Professions , Chicago, Illinois

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