Compensation Manager

Posted 15 Days Ago
Be an Early Applicant
New York, NY, USA
In-Office
Senior level
Legal Tech
The Role
Oversees compensation program design, administration, analysis, and compliance. Leads annual merit, bonus, incentive, benchmarking, job evaluation, salary structure, pay equity, and compensation planning processes. Manages Workday compensation data governance, reporting, audits, budgeting, and forecasting. Advises HR and leadership on pay decisions and provides market-based recommendations while leading compensation projects and process improvements.
Summary Generated by Built In
Overview

Position Summary: 

The Compensation Manager oversees the design, administration, analysis, and evaluation of the Firm’s compensation programs. This role partners with HR and Firm leadership to support competitive, equitable, and compliant pay practices, and provides data-driven guidance on compensation strategy, salary structures, market competitiveness, and pay decisions. The Compensation Manager also leads core compensation planning activities, including job evaluations, benchmarking, annual merit and bonus processes, incentive programs, and pay equity analysis.


Scope: 

This role serves as the Firm’s compensation subject matter expert, maintaining compensation policies, leading compensation-related projects, managing salary survey participation, and delivering insights that support workforce planning and informed compensation decisions.


Responsibilities: 

  • Lead annual compensation planning processes, including merit increases, promotions, bonuses, and incentive programs.
  • Ensure compliance with federal, state, and local compensation regulations, including pay transparency and pay equity requirements.
  • Conduct market analyses and develop data-driven compensation recommendations for HR and Firm leadership.
  • Oversee compensation benchmarking, survey participation, job evaluation, salary structures, pay administration, and related policies.
  • Manage compensation processes and data governance in Workday, including reporting, controls, and audits.
  • Advise on compensation matters related to hiring, promotions, transfers, market adjustments, and other pay actions.
  • Support compensation budgeting, forecasting, and cost-impact analysis based on market competitiveness, internal equity, and financial objectives.
  • Lead compensation projects, process improvements, and stakeholder communications in partnership with HR and business leaders.

Knowledge, Skills, and Abilities: 

  • Bachelor’s degree in Human Resources, Finance, Business, or a related field preferred.
  • Apply strong knowledge of compensation principles and practices, including market pricing, salary structures, job evaluation, annual compensation programs, and pay equity analysis.
  • Analyze complex compensation data and translate findings into clear, actionable recommendations.
  • Use advanced Excel, Workday, and data-management skills to support reporting, analysis, and process execution.
  • Communicate effectively with varied audiences across the Firm, including HR, business leaders, and other stakeholders.
  • Manage multiple priorities and deadlines with strong project management, organizational, and follow-through skills.
  • Exercise sound judgment, discretion, and attention to detail while working independently and collaboratively.
  • Use compensation survey platforms to support benchmarking and market analysis.

Candidate must have 5–8 years of progressive compensation experience, including experience leading compensation programs or projects.


Demonstrated experience with annual compensation cycles and bonus program management is required. Experience advising HR and leadership on compensation decisions is preferred.

Responsibilities
  • Lead annual compensation planning processes, including merit increases, promotions, bonuses, and incentive programs.
  • Ensure compliance with federal, state, and local compensation regulations, including pay transparency and pay equity requirements.
  • Conduct market analyses and develop data-driven compensation recommendations for HR and Firm leadership.
  • Oversee compensation benchmarking, survey participation, job evaluation, salary structures, pay administration, and related policies.
  • Manage compensation processes and data governance in Workday, including reporting, controls, and audits.
  • Advise on compensation matters related to hiring, promotions, transfers, market adjustments, and other pay actions.
  • Support compensation budgeting, forecasting, and cost-impact analysis based on market competitiveness, internal equity, and financial objectives.
  • Lead compensation projects, process improvements, and stakeholder communications in partnership with HR and business leaders.
Qualifications

Candidate must have 5–8 years of progressive compensation experience, including experience leading compensation programs or projects.


Demonstrated experience with annual compensation cycles and bonus program management is required. Experience advising HR and leadership on compensation decisions is preferred.

Skills Required

  • 5-8 years of progressive compensation experience
  • Experience leading compensation programs or projects
  • Experience with annual compensation cycles
  • Bonus program management experience
  • Bachelor's degree in Human Resources, Finance, Business, or a related field
  • Knowledge of compensation principles, market pricing, salary structures, job evaluation, annual compensation programs, and pay equity analysis
  • Advanced Excel, Workday, and data-management skills
  • Experience advising HR and leadership on compensation decisions
  • Experience using compensation survey platforms for benchmarking and market analysis
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The Company
HQ: New York, New York
1,495 Employees
Year Founded: 1866

What We Do

Milbank is a premier international law firm handling high-profile, complex cases and business transactions through 12 offices worldwide. Our offices work together on an integrated basis, giving us an extraordinary global presence and allowing us to serve a client base that includes the world's leading companies and financial institutions. Milbank is internationally recognized as a leader in major corporate/finance transactions (such as M&A, structured finance, banking, capital markets and project and transportation finance), litigation (including complex commercial, intellectual property, securities and white collar), financial restructuring, and trusts and estates.

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