Compensation Manager

Company

Federal Reserve Bank of Boston

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation.

You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts.

The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

It is anticipated that you will work on a Hybrid basis under the Bank's "Hybrid" categorization of this role.

You agree to work in the FRB Boston office and with a schedule agreed upon with your management team.

The current hybrid policy is that you spend at least half of your working days over the course of each month in person (either on-site at the Bank, or on Bank business elsewhere).

This arrangement will be reviewed periodically as the Bank assesses hybrid work arrangements.

While working from your home office, you agree to have the appropriate office set up to support your full engagement and protection of Federal Reserve information.

It is expected that you reside within the First District and remain located within the district.

This job is eligible for a hybrid schedule with some on-site work expected.

The individual is expected to reside in the 1st District unless you were given an exception.

Job Summary:

This position is responsible for directing, designing, implementing, and administration of the Bank's compensation strategies and programs to support the Bank’s pay for performance strategy.  Manages the Bank’s compensation team to direct and support successful achievement of program and team business objectives, as well as engagement and development of team members.

This position serves as a member of the Human Resources management team, as well as a member of Federal Reserve System compensation workgroups.
 

Principle Accountabilities:

Provides expert direction and consultation to HR officers and senior leadership in the development of the Bank's compensation strategies and programs, ensuring that they support and are aligned with the Bank's goals, objectives, operational priorities, and talent needs both in the short and long-term.

Directs the design and implementation of the Bank's compensation monetary rewards strategies, policies, and programs specifically relating to total compensation program elements, including executive compensation.

Works closely with Financial Planning & Analysis management to ensure alignment in budget allocation determination against System guidance.

Ensures market competitiveness of the Bank's compensa...