Sr. Compensation Analyst

Company

Federal 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, ...