Compensation Associate
About the role
This position plays a critical role in supporting, analyzing, and evolving the bank's compensation programs. It is a high-impact, high-visibility role designed for an early-career professional with exceptional analytical capability.
Responsibilities
- Own and drive components of the development, implementation, and continuous improvement of compensation programs aligned with business strategy.
- Conduct market analysis and benchmarking to assess competitiveness of compensation structures and recommend actionable insights.
- Analyze salary structures, incentive plans, and bonus programs; identify trends, risks, and opportunities through data.
- Partner with Finance and PXT to support compensation planning, forecasting, and year-end processes (merit and bonus cycles).
- Independently develop and deliver executive-ready analyses and recommendations, often with incomplete or ambiguous inputs.
- Leverage data analytics, visualization tools, and emerging AI capabilities to enhance insights, efficiency, and decision-making.
- Take ownership of key workstreams and projects, operating independently while proactively keeping stakeholders informed.
- Continuously seek opportunities to improve processes, tools, and methodologies across Total Rewards.
- Support broader Total Rewards and People Experience initiatives beyond core compensation responsibilities.
- Identify issues and opportunities proactively—without direction—and bring forward well-formed recommendations.
- Operate with a high degree of autonomy and accountability.
- Deliver work product that can withstand senior leadership scrutiny.
- Navigate ambiguity and solve problems without clear playbooks.
- Continuously raise your own performance bar.
Requirements
- Bachelor’s degree in Finance, Economics, Data Analytics, Business, Human Resources or related field.
- Experience with compensation program design and processes.
- 3–5 years of experience with a demonstrated track record of top-tier performance (e.g., accelerated progression, high-impact project ownership, or recognition as a top performer), with experience doing compensation analysis.
- Exceptional analytical skills, including the ability to structure ambiguous problems, build models, and translate data into clear, actionable recommendations.
- Advanced Excel skills and comfort working with large datasets; experience with data visualization tools is a plus.
- Demonstrated ability to rapidly build expertise in new domains, with a proactive approach to learning (including compensation, regulatory frameworks, and emerging technologies such as AI).
- Ability to operate independently, manage multiple priorities, and deliver high-quality work in a fast-paced environment.
- Strong communication skills, with the ability to confidently engage and present to senior leadership.
- High level of ownership, accountability, and attention to detail.
- Demonstrates a low-ego approach, prioritizing team success and openness to feedback.
- Consistently takes initiative and seeks out opportunities to contribute beyond defined responsibilities.
- Exercises strong judgment and interpersonal awareness when working across teams and levels.
- Builds trust through reliability, transparency, and proactive communication.
- Shows a clear pattern of continuous improvement and skill development over time.
Qualifications
- Technology Skills: Advanced Excel (required), PowerPoint (strong storytelling and presentation skills), HRIS systems (Workday preferred), experience or interest in data analytics tools (e.g., Tableau, Power BI) and AI-enabled tools is a strong plus, Ability to leverage technology and automation (including AI tools) to improve efficiency and insight generation is strongly preferred.
Benefits
Salary range: An annual salary range of $70,000 - $100,000 is what we expect to pay for this position, based on overall skills and experience level.
Pay
An annual salary range of $70,000 - $100,000 is what we expect to pay for this position, based on overall skills and experience level.
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