Compensation Analyst

Company

Federal Reserve Bank of Boston

Compensation Analyst

Job Summary:

We are seeking a detail-oriented Compensation Analyst to join our People and Culture team.

This position is responsible for providing analytical support and to administer the Bank's Total Rewards Programs.

You will conduct analysis of, and assists in the design, implementation and administration of Total Rewards Programs, position descriptions, position evaluations, salary surveys, salary planning, performance management, base pay, variable pay and executive compensation.

It is anticipated that you will work onsite for this role.

If you currently reside within the First District it is expected to stay located within the district unless otherwise approved by your management and HR management. 
 

Principal Accountabilities:


* Assists in the design, implementation and administration of existing and new total rewards programs (monetary & non-monetary) including base pay, variable pay and executive compensation.


* Assists in the development of position descriptions, conducts position analysis and evaluations.


* Participates in salary surveys, conducts analysis and makes recommendations relative to the market competitiveness of the Bank's total rewards programs.


* Administers salary planning (merit), performance management, base pay, variable pay and executive compensation programs.


* Interprets and make policy recommendations to ensure the Bank's compliance with local, state and federal regulatory authorities and the requirements of the Board of Governors.


* Researches, understands and consults with management and employees regarding the Bank's total rewards strategies, programs, policies, procedures and best practices in the market.


* Partners across the People & Culture department to provide guidance and support on compensation related matters.


* Perform other duties as assigned.


* This position is not required to directly supervise others.

Knowledge and Experience:


* Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor's degree.


* A minimum of 3+ years of experience in the design, implementation and administration of total rewards programs.


* An understanding of the design, implementation and administration of total rewards practices and programs.


* Proficient with Microsoft Office applications, particularly Excel.


* Experience with HRIS, preferably Workday.


* Experience using market data surveys or market data repositories.


* Ability to handle sensitive and confidential information with discretion.


* An understanding of Bank policies, practices, local, state and federal regulations and Board of Governors' requirements.

Salary Range: $83,000-124,600 Annually

The Boston Fed believes in salary transparency.

The final salary and offer will be determined by the applicant’s background, skills, internal equity, and alignment with market d...