Senior Compensation Consultant

BOK Financial•Tulsa, OK

About The Position

The Senior Compensation Consultant develops and administers compensation programs that align with BOK Financial’s Total Rewards Strategy to attract, motivate, and retain a competent and diverse workforce. The role designs compensation plans, programs, policies, and practices, and partners with Finance and HR Business Partners to implement, communicate, and administer base-pay and short-term incentive programs. It also supports and educates more junior staff on compensation programs across business lines. The consultant advises business areas on compensation practices, monitors market trends and program competitiveness, models cost implications, and recommends effective solutions. The position supports management and HR with compensation decisions for new-hire offers, promotions, and transfers; conducts job evaluations and compensation analyses; and helps ensure compliance with the Fair Labor Standards Act and other applicable compensation regulations. Annual work includes third-party compensation surveys, total compensation reviews, merit and incentive file audits, and incentive schedule distribution and attestation.

Requirements

Bachelor’s degree in a business-related field and 3–5 years of Human Resources experience, specifically in a Compensation Analyst role, or equivalent experience of 6–8 years.
Advanced knowledge of compensation design and overall plan administration.
Working knowledge of executive compensation principles and regulations.
Thorough knowledge of federal and state regulations governing compensation.
Excellent analytical and problem-solving skills.
Thorough knowledge of quantitative analysis and business statistics.
Thorough knowledge of Human Resource policies and procedures.
Excellent verbal and written communication skills.
Proficiency with PCs, software packages, and online systems.
Good organizational and interpersonal skills, including the ability to lead, motivate, and promote team building.
Ability to pay close attention to detail and work on multiple projects simultaneously.
Ability to handle confidential information discreetly.

Responsibilities

Design and develop compensation plans, programs, policies, and practices.
Partner with Finance and HR Business Partners to implement, communicate, and administer base-pay and short-term incentive programs.
Educate and support junior staff on compensation programs across business lines.
Identify market trends, monitor program competitiveness, model cost implications, and recommend compensation programs and solutions.
Serve as an internal consultant to business areas on compensation practices and develop solutions to emerging workforce issues related to compensation.
Support management and HR with compensation issues concerning salary offers for new hires, promotions, and transfers, using internal and external survey information.
Conduct job evaluations using the internal evaluation program and ensure compliance with the Fair Labor Standards Act.
Conduct internal compensation analyses to identify comparative salary trends and support equity across the organization.
Complete annual third-party compensation surveys, total compensation reviews, merit and incentive file audits, and incentive schedule distribution and attestation for assigned business areas.