Senior Compensation Analyst

Federal Reserve Bank of Philadelphia•Kansas City, MO

About The Position

As a part of the nation's central bank, the Federal Reserve Bank of Kansas City supports a stable financial system. We work across diverse communities throughout our region and nation to foster understanding in our economy, the payments system, and financial institutions for people from all walks of life. Together, we serve the public and each other in an innovative environment that values the highest ethical standards. Here you'll find support to develop, united in a clear and common purpose with a diverse team. The Compensation Analyst will be responsible for developing and administering compensation programs. The ideal candidate brings subject-matter expertise to advise senior management on compensation programs and market trends. The ideal candidate is detail-oriented, analytical, and can effectively tailor communication to deliver complex/difficult messages. Develops and administers: Salary administration & variable pay programs. Activities include developing and recommending budgets, allocations, and guidelines; consulting with business line leadership on rewards and recognition strategies; and reviewing transactions for alignment with policy and strategy. The Bank’s job evaluation program. Activities include reviewing job documentation, analyzing market data, and determining FLSA classification. Educational campaigns, events, and programs across the spectrum of Total Rewards. Additional responsibilities include: Conducts and/or participates in compensation surveys. Compiles and analyzes data to recommend adjustments to the Bank’s salary structure. Monitors total rewards trends and business issues to ensure competitiveness of the Bank’s compensation philosophy and programs. Advises and consults with colleagues across the department, Bank management, and System contacts on Total Rewards topics. Performs other duties as assigned

Requirements

Typically requires a minimum of six years of relevant experience.
Bachelor’s degree in Business Administration or a closely related field from an accredited college or university, or equivalent combination of directly related education and/or experience.
Certified Compensation Professional Certification or equivalent required.
Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

Nice To Haves

Strong analytical skills and proficiency in data analysis tools such an Excel or Tableau preferred.
Familiarity with the Human Capital Management programs preferred.

Responsibilities

Develops and administers: Salary administration & variable pay programs.
Activities include developing and recommending budgets, allocations, and guidelines; consulting with business line leadership on rewards and recognition strategies; and reviewing transactions for alignment with policy and strategy.
The Bank’s job evaluation program.
Activities include reviewing job documentation, analyzing market data, and determining FLSA classification.
Educational campaigns, events, and programs across the spectrum of Total Rewards.
Conducts and/or participates in compensation surveys.
Compiles and analyzes data to recommend adjustments to the Bank’s salary structure.
Monitors total rewards trends and business issues to ensure competitiveness of the Bank’s compensation philosophy and programs.
Advises and consults with colleagues across the department, Bank management, and System contacts on Total Rewards topics.
Performs other duties as assigned