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.
The Compensation Consultant is a recognized expert in the field, responsible for driving the strategic direction and optimization of the organization's total rewards programs. This role serves as a strategic business partner, providing advanced advisory services and consultative support to executive leadership on all compensation-related matters. The Compensation Consultant leverages deep technical expertise, analytical acumen, and change management skills to lead large-scale compensation initiatives that align with the organization's talent and business objectives.
Key Responsibilities:
Compensation Strategy and Consulting:
Serve as a trusted advisor to the executive team, collaborating to develop and implement the organization's overall compensation philosophy and strategy
Analyze complex business needs and talent challenges to design innovative, market-leading compensation programs and solutions
Lead cross-functional initiatives to assess the organization's job architecture, pay strategies, and total rewards offerings
Provide expert guidance and recommendations to senior leadership on compensation-related decisions, demonstrating the business impact
Represent the organization externally as a subject matter expert, engaging with industry groups, benchmarking partners, and regulatory bodies
Analytical Expertise and Insights:
Conduct comprehensive job analysis and evaluation, applying advanced analytical techniques to determine appropriate pay levels and structures
Leverage in-depth market data and forecasting to assess competitive positioning and identify opportunities to enhance the organization's rewards competitiveness
Develop advanced analytical models, dashboards, and reporting to provide strategic insights, measure program effectiveness, and identify optimization opportunities
Translate complex data and analyses into clear, actionable recommendations that inform business decisions
Program Design and Implementation:
Lead the design, development, and roll-out of new or transformed compensation programs, policies, and processes
Manage large-scale compensation projects, serving as the subject matter expert and driving successful implementation
Collaborate cross-functionally to ensure seamless integration of compensation initiatives with other talent management and P&C programs
Develop comprehensive communication and change management strategies to drive user adoption and program effectiveness
Compliance:
Ensure the organization's compensation practices adhere to all applicable laws, regulations, and internal guidelines
Partner with legal, finance, and people & culture teams to maintain compliance and mitigate compensation-related risks
Establish and maintain robust compensation governance processes, policies, and controls
Monitor the external environment and proactively adapt the organization's compensation programs in response to legislative, regulatory, and market changes
Knowledge Preferences and Qualifications:
Certified Compensation Professional (CCP) or similar advanced certification (preferred)
Exceptional data analysis, modeling, and reporting skills, with proficiency in Excel and BI tools
Strong business acumen and strategic thinking abilities, with the capacity to translate technical concepts into practical business solutions
Excellent communication and influence skills, with the ability to effectively partner with and present to executive leadership
Demonstrated expertise in compensation program design, implementation, and optimization
Uncompromising integrity and discretion in handling sensitive and confidential information
Education: Bachelor’s Degree in Human Resources or a related field; Master’s Degree preferred
Experience: Five to eight years of progressive experience in compensation or a related field
Individual Competencies
Demonstrates Self-Awareness
Problem Solving;
Action-Oriented
Collaborates
Communicates Effectively
Additional Requirements:
- This position will require at minimum fingerprinting for a criminal background check, education and employment verification, along with potential additional screening requirements due to the information accessed while performing the job. Any offer of employment is contingent upon satisfactory results of any required background screening. These screenings would be initiated at the time of offer acceptance and can take up to approximately 8 weeks to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.
- Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
- Federal Reserve Bank of Atlanta employees must comply with the Bank’s ethics rules. These rules generally prohibit employees, their spouses/domestic partners, and minor children from holding financial interests (such as common stock and corporate bonds) issued by financial institutions. This prohibition also applies to investment funds that focus on investing in the financial sector. If you, your spouse/domestic partner, or minor child own such securities, you will generally be asked to divest them if you accept an offer of Bank employment. If you have concerns about this prohibition, you should raise the issue with the recruiter for this posting early in the process.
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
• 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
• Education Assistance Program
• Professional development programs, training and conferences
• And more…
The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
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Skills Required
- Bachelor's degree in Human Resources or a related field
- Five to eight years of progressive experience in compensation or a related field
- Exceptional data analysis, modeling, and reporting skills
- Proficiency in Excel and business intelligence tools
- Strong business acumen and strategic thinking abilities
- Excellent communication and influence skills, including executive leadership presentation experience
- Expertise in compensation program design, implementation, and optimization
- Integrity and discretion in handling sensitive and confidential information
- Master's degree
- Certified Compensation Professional (CCP) or similar advanced certification
- Authorization to work in the United States without current or future visa sponsorship
What We Do
This page is dedicated to Federal Reserve System career and employment related information only. Comments not pertaining to Fed recruiting will be removed. The Fed - Make a world of difference in the global economy OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward. Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague. Find your preferred locations around the United States and explore the breadth of opportunity available at the Federal Reserve. Atlanta https://www.frbatlanta.org/ Boston http://www.bostonfed.org/ Chicago https://www.chicagofed.org/ Cleveland https://www.clevelandfed.org/ Dallas http://dallasfed.org/ Kansas City https://www.kansascityfed.org/ Minneapolis https://www.minneapolisfed.org/ New York http://www.newyorkfed.org/ Philadelphia https://www.philadelphiafed.org/ Richmond https://www.richmondfed.org/ San Francisco http://www.frbsf.org/ St. Louis https://www.stlouisfed.org/ Board http://www.federalreserve.gov/
