Compensation Analyst

GENERAL FUNCTION:

Participates in the design, evaluation, implementation, and management of base pay and incentive compensation programs for assigned client groups. Ensures alignment between compensation programs, compensation philosophy, andbusinessstrategy. This role may be focused on plan management, LOB compensation, or a combination of both for LOBs of low to medium complexity. May contribute as a member of an incentive design team.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensuresthatactions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIESAND RESPONSIBILITIES:

• Collaborates with business partners to conduct job evaluations/market pricing and consult regarding incumbent pay decisions with manager oversight.
• Provides guidance on the interpretation of compensation program guidelines.
• Participates on incentive design teams with business partners from line of business management, HR, Risk and Finance to design, analyze, and/or model incentive plans that support the business strategy.
• Administers plan payouts, exceptions and accruals for a LOB of low to medium complexity.
• Completes assessments of the impact and effectiveness of compensation plans.
• Participates in market surveys and analyzes results to determine organization's competitive position.
• Assists with the annual compensation planning processes, including salary structure update, exceptions, merit increases, incentive awards, and stock grants.
• Performs moderately complex financial and trend analysis and prepares standard quantitative and operational reports to support sales force effectiveness and sound compensation decisions.
• Investigates and documents unusual items.
• Proactively builds and maintains effective working relationships with partners.
• Provides support for M&A-related compensation program transition.
• Participates in risk review and audit process by preparing and presenting accurate documentation.
• Ensures compliance with government regulations.
• Participates in projects as assigned.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Bachelor's degree in HR, Business Administration, Finance, or related field or equivalent experience.
• 2 or more years of experience in related areas (compensation, financial analysis, HR analytics, incentive administration, etc.)
• Solid business acumen.
• Ability to perform independent in-depth analysis
• Strong mathematical/quantitative reasoning skills.
• Ability to maintain professional demeanor in a dynamic work environment that often requires management of multiple priorities.
• Excellent verbal, written, and interpersonal skills.
• Strong PC skills (Excel, Access, Word) proficiency required.