Compensation Partner

U.S. Bank • Minneapolis, MN

9d • Hybrid

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description The Total Rewards team at U.S. Bank is growing, and we’re excited to add a Compensation Partner focused on our revenue business lines. This role is a great fit for someone who loves solving problems, collaborating across HR and business leadership, and designing smart, scalable compensation programs. You’ll be the go‑to partner for your assigned HR Business Partners (HRBPs) and line‑of‑business leaders, helping them navigate compensation strategy with confidence and clarity. The work is analytical, varied, strategic, and highly relationship‑driven.

Requirements

• Bachelor's degree, or equivalent work experience
• Seven or more years of related compensation program or relevant experience
• Bachelor’s degree or equivalent experience

Nice To Haves

• Advanced/Expert‑level Microsoft Excel skills (must‑have) — including complex formulas, modeling, dashboards, data validation, pivot tables, and building scalable tools
• Strong analytical and problem‑solving skills
• Excellent communication skills—you can translate data into clear, actionable insights
• Ability to build credibility quickly with business leaders and influence decisions
• Comfort working with data, spreadsheets, presentations, and compensation‑related systems
• Deep knowledge of HR and compensation policies, including FLSA

Responsibilities

• Build strong partnerships with HRBPs and business line leaders
• Leverage Excel skills to build models and create reporting
• Review and approve compensation exceptions with a thoughtful, business‑minded approach
• Design or redesign incentive plans that drive performance and align with business goals
• Conduct job evaluations and maintain salary grade guideline models
• Create tools, resources, and compensation guidance to help leaders make informed decisions
• Provide expert advice on compensation policies, job design, reorganizations, and market pricing
• Guide leaders through employment considerations including FLSA and wage/hour topics
• Develop and deliver compensation training as needed

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees