Compensation Analyst

Compensation Analyst

Location: Hybrid or On-site
Industry: Banking / Financial Services
Salary: $90,000–$120,000 annually (based on experience)
Employment Type: Full-Time

About the Role

We are seeking a detail-oriented and analytical Compensation Analyst to join our Human Resources team. In this role, you will support the design, administration, and analysis of compensation programs that attract, retain, and motivate top talent while ensuring compliance with regulatory requirements and internal compensation policies.

The ideal candidate has experience in compensation analysis within the banking or financial services industry and enjoys using data to support strategic business decisions.

Key Responsibilities

• Analyze internal and external compensation data to ensure competitive and equitable pay practices.
• Conduct market pricing for new and existing positions using salary surveys and industry benchmarks.
• Support annual salary planning, merit increases, incentive programs, and bonus administration.
• Partner with HR Business Partners and business leaders on compensation recommendations and job evaluations.
• Maintain job descriptions, salary structures, and compensation documentation.
• Ensure compliance with applicable federal, state, and local wage and hour regulations.
• Prepare reports, dashboards, and presentations for leadership using HRIS and compensation data.
• Participate in compensation-related projects, audits, and process improvements.

Qualifications

• Bachelor's degree in Human Resources, Finance, Business Administration, Economics, or a related field.
• 3–7 years of compensation analysis experience, preferably within banking or financial services.
• Strong analytical and quantitative skills with advanced proficiency in Microsoft Excel.
• Experience with HRIS systems such as Workday, Oracle, ADP, or UKG is preferred.
• Knowledge of compensation principles, market pricing methodologies, and regulatory compliance.
• Excellent communication and stakeholder management skills.
• Certified Compensation Professional (CCP) designation is a plus.

What We Offer

• Competitive salary of $90,000–$120,000 , depending on experience.
• Annual performance bonus opportunity.
• Comprehensive medical, dental, and vision benefits.
• 401(k) with company match.
• Paid time off and company holidays.
• Professional development and career advancement opportunities.
• Collaborative and inclusive work environment.

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan. Additional disclaimer: Unless otherwise noted in the job description, the position Vaco/Highspring is filing for is occupied. Please note, however, that Vaco/Highspring is regularly asked to provide talent to other organizations. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.