Senior Compensation Consultant

BOK Financial • Tulsa, OK

3d

About The Position

The Senior Compensation Consultant develops and administers compensation programs aligned with BOK Financial’s Total Rewards Strategy to attract, motivate, and retain a competent and diverse workforce. The role designs and develops compensation plans, programs, policies, and practices, including base pay and short-term incentive plans, and collaborates with Finance and HR Business Partners on their implementation, communication, and administration. The consultant also works with junior staff to build their knowledge of compensation programs across business lines.

This position advises business areas on compensation practices, assesses market trends and program competitiveness, models costs, and recommends effective solutions. It supports management and HR with compensation matters for new-hire offers, promotions, and transfers; conducts job evaluations and internal compensation analyses; and helps ensure Fair Labor Standards Act compliance and pay equity. Annual work includes third-party compensation surveys, total compensation reviews, merit and incentive file audits, and incentive schedule distribution and attestation.

Requirements

• A 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 administration of plans.
• 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 skills.
• Good interpersonal skills to lead, motivate, and promote team building.
• Ability to pay close attention to detail and manage multiple projects simultaneously.
• Ability to handle confidential information discreetly.

Responsibilities

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

Benefits

• Learning and development opportunities, including bootcamps.
• Training and development to support employees’ long-term careers.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior