Senior Compensation Analyst
Federal Reserve System•Cleveland, OH
•$90,500 - $113,100•Onsite
About The Position
The Senior Compensation Analyst is responsible for supporting the design, implementation, and administration of the Bank's compensation programs that support the Federal Reserve Bank's mission and strategic objectives. This position requires advanced analytical skills and compensation expertise to ensure the organization attracts, retains, and motivates top talent while maintaining internal equity and external competitiveness with relevant labor markets.
Requirements
- Bachelor’s degree
- 5+ years of related work experience within Compensation or Total Rewards
- Advanced Level Ability to perform independent research
- Knowledge of compensation principles, theories, practices, and methodologies
- Thorough understanding of federal compensation regulations
- Understanding of compensation survey methodologies
- Project management
- Advanced Level Analytical capabilities to conduct compensation and job analyses
- Problem solving
- Communication (written, verbal and speaking to groups)
Nice To Haves
- CCP preferred
Responsibilities
- Support the design, development, and administration of compensation programs, policies, and practices in alignment with Federal Reserve System guidelines and bank-specific strategies as well as federal regulations and employment laws
- Conduct sophisticated market analyses and benchmarking studies to ensure competitive positioning for various job families and levels
- Support the annual compensation planning process
- Develop and maintain compensation models, salary structures, and job evaluation systems
- Prepare comprehensive reports and presentations for leadership on compensation trends, competitiveness, and program effectiveness
- Participate in compensation surveys and analyze market data from multiple sources
- Serve as a compensation subject matter expert and advisor to HR Business Partners and business leaders.
- Provide guidance on complex compensation decisions, including offers, promotions, adjustments, and organizational changes
- Support internal and external audits related to compensation practices.
- Maintain documentation of compensation decisions and program rationale.
- Continually seeks new and innovative methods and process improvement solutions.
Benefits
- Benefits to support overall health and financial security
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What This Job Offers
Job Type
Full-time
Career Level
Senior
