Sr. Compensation Analyst

Federal Reserve System • Atlanta, GA

83d

About The Position

As an employee of the Atlanta Fed, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper. The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are required to be onsite according to the schedule set by your management.

Requirements

• Bachelor's Degree or 4 years equivalent experience
• 5+ years of progressive experience in Compensation
• Solid Analytical Skills
• Advanced Knowledge of Excel (can perform complex functions)
• Workday or other HCM
• Intermediate to Advanced Knowledge of Compensation Systems, Preferably Reward
• CCP certification or willingness to obtain CCP

Responsibilities

• Review local, regional, and national compensation data and practices to ensure the Bank's policies and programs are consistent with its compensation philosophy and comparable market data.
• Develop market-based salary ranges and structure movement recommendations for Management Committee approval.
• Oversee salary survey processes, load survey data into market-pricing system, maintain accurate survey and market match data in the system, and ensure approval of invoices for payment.
• Manage the Bank's common merit date program.
• Analyze merit and other increase data, provide feedback to department management.
• Conduct data analysis and market pricing reviews.
• Perform internal equity reviews and consultation for salary offers/promotional increases/merit and variable pay budgets.
• Work with department management to evaluate and price new and revised jobs.
• Administer the Bank's variable pay program.
• Determine the Bank's variable pay allocation by division/department and track payment of awards.
• Present essential information to Bank management team, Board of Governors and Board of Directors.
• Ensure compensation programs comply with regulatory requirements by providing analytical support and research assistance, conducting management audits, and ongoing monitoring of program use.
• Leads complex compensation projects working with senior management, department management, HR business areas, and others.
• Provides leadership, coaching, mentoring, work direction, support and training to less experienced compensation staff.

Benefits

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401K match, and a fully funded pension plan
• Paid vacation and holidays; flexible work environment
• Generously subsidized public transportation
• Annual tuition reimbursement
• Professional development programs, training and conferences

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 501-1,000 employees