Senior Compensation Analyst

Senior Compensation Analyst The Senior Compensation Analyst is responsible for supporting the design, implementation, and administration of the Bank's compensation programs that support the Federal Reserve Bank's mission and strategic objectives. Responsibilities Support the design, development, and administration of compensation programs, policies, and practices in alignment with Federal Reserve System guidelines and bank-specific strategies, as well as federal regulations and employment laws. Conduct sophisticated market analyses and benchmarking studies to ensure competitive positioning for various job families and levels. Support the annual compensation planning process. Develop and maintain compensation models, salary structures, and job evaluation systems. Prepare comprehensive reports and presentations for leadership on compensation trends, competitiveness, and program effectiveness. Participate in compensation surveys and analyze market data from multiple sources. Serve as a compensation subject matter expert and advisor to HR Business Partners and business leaders. Provide guidance on complex compensation decisions, including offers, promotions, adjustments, and organizational changes. Support internal and external audits related to compensation practices. Maintain documentation of compensation decisions and program rationale. Continuously seek innovative methods and process improvement solutions. Qualifications Bachelor’s degree and 5+ years of related work experience within Compensation, Data Analysis, or Finance. Certified Compensation Professional (CCP) preferred. Advanced ability to perform independent research and knowledge of compensation principles, theories, practices, and methodologies. Thorough understanding of federal compensation regulations and compensation survey methodologies. Advanced project management skills. Strong analytical capabilities for compensation and job analyses. Problem‑solving skills. Excellent written and verbal communication skills, including speaking to groups. Compensation The expected starting salary range for the Senior Compensation Analyst is between $90,500 and $113,100 annually. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data. Benefits The Cleveland Fed offers benefits to support overall health and financial security. For more information about our benefits, visit Legal and Policies The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation, please contact View email address on click.appcast.io. All employees must comply with the Bank’s ethics rules and will undergo a background check and controlled‑substance testing. Equal Employment Opportunity 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. #J-18808-Ljbffr