Compensation Analyst I/II/Sr. at Federal Reserve Bank (FRB) in Atlanta, Georgia

Job Description:

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.

Job Description:

Conducts market and internal research to provide data-driven recommendations on compensation programs to ensure the organization remains competitive. Provide guidance to division stakeholders and HR partners in the planning, development, implementation, and administration of compensation and job architecture initiatives/policies/processes that support the division and overall business strategy.  Develops, analyzes, and recommends improved compensation strategies that provide solutions to issues in creative and effective ways.

Key Responsibilities:

• Under general direction, review, evaluate, and determine the market value for new and existing jobs; advise and make recommendations to division management on compensation best practices.




• Manage annual salary administration processes such as merit, equity, promotion, and variable pay; collect, analyze, and summarize data to support business decisions; provide data that is congruent, reliable, and can be easily utilized by the business line.




• Participate in salary submission efforts including loading survey data into the market-pricing system, maintaining accurate survey and market data, and ensuring timely approval of invoices for payment.




• Maintains accuracy of job and employee data by conducting routine audits ensuring accurate titling, salary grades, job levels, and other data points.




• Participates in the design and development of compensation dashboards, analytic reports and data visualizations using various reporting tools such as Tableau. Manages multiple simultaneous data and reporting projects.




• Provides analytical support to the department and senior leaders; prepares analyses and reports of key department performance measures; performs research and analysis needed to respond to requests for information for key stakeholders.




• Assist in drafting, applying, and maintaining salary structures that support the organization’s compensation philosophy; review compensation data and practices to ensure competitive pay approach. 




• Addresses basic to complex compensation questions using advanced knowledge of total rewards; generate, review, and audit various job and compensation-related reports ensuring compliance with regulatory requirements.




• Provide systems support for Workday action items and reporting.




• Leads complex compensation projects working with senior management, department management, HR business areas, and others; provides consultative advice on multiple projects, issues, and enhancements; works on small to large, complex projects and may represent the district on system-level initiatives and/or workgroups.   Provides leadership, coaching, mentoring, work direction, support, and training to less experienced compensation staff.

Qualifications:

•  Bachelor's Degree or 4 years equivalent experience; Bachelor's Degree preferred




• Five to Eight years of relevant experience preferred

Knowledge Areas:

• Solid Analytical Skills




• HR/Compensation Knowledge

Technical Skills:

• Intermediate to Advanced Knowledge of Excel and




• Knowledge of Tableau (preferred)

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 Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.

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