Sr. Compensation Analyst

CompanyFederal Reserve Bank of Atlanta

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.

You will collect, analyze and maintain data to ensure the Bank can attract and retain high-quality employees and to ensure appropriate pay based on market trends and data. Conduct and respond to salary surveys and maintain survey data. Manage the salary administration and variable pay processes. Review Bank job descriptions, evaluate jobs, research market pay, and recommend appropriate salary ranges. Advise and make recommendations to department and Bank management on compensation related topics. Lead complex compensation projects. You will report to the Compensation Manager.

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.

Qualifications:
 

Education: Bachelor's Degree or 4 years equivalent experience

Experience: 5+ years of progressive experience in Compensation

Knowledge Areas:

• HR/Compensation Knowledge
• Solid Analytical Skills

Technical Skills:

• Advanced Knowledge of Excel (can perform complex functions)
• Workday or other HCM
• Intermediate to Advanced Knowledge of Compensation Systems, Preferably Reward

Certifications/Licenses:

• CCP certification or willingness to obtain CCP

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
• Annual tuition reimbursement
• Professional development programs, training and conferences
• And more…

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).

The Federal Reserve Bank of Atlanta is an equal opportunity employer.

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryHuman Resources Family Group

Work ShiftFirst (United States of America)

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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