Senior Compensation Analyst

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.

The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are required to be onsite according to the schedule set by your management.

The Compensation Consultant is a recognized expert in the field, responsible for driving the strategic direction and optimization of the organization's total rewards programs. This role serves as a strategic business partner, providing advanced advisory services and consultative support to executive leadership on all compensation-related matters. The Compensation Consultant leverages deep technical expertise, analytical acumen, and change management skills to lead large-scale compensation initiatives that align with the organization's talent and business objectives.

Key Responsibilities:

Compensation Strategy and Consulting:

Serve as a trusted advisor to the executive team, collaborating to develop and implement the organization's overall compensation philosophy and strategy

Analyze complex business needs and talent challenges to design innovative, market-leading compensation programs and solutions

Lead cross-functional initiatives to assess the organization's job architecture, pay strategies, and total rewards offerings

Provide expert guidance and recommendations to senior leadership on compensation-related decisions, demonstrating the business impact

Represent the organization externally as a subject matter expert, engaging with industry groups, benchmarking partners, and regulatory bodies

Analytical Expertise and Insights:

Conduct comprehensive job analysis and evaluation, applying advanced analytical techniques to determine appropriate pay levels and structures

Leverage in-depth market data and forecasting to assess competitive positioning and identify opportunities to enhance the organization's rewards competitiveness

Develop advanced analytical models, dashboards, and reporting to provide strategic insights, measure program effectiveness, and identify optimization opportunities

Translate complex data and analyses into clear, actionable recommendations that inform business decisions

Program Design and Implementation:

Lead the design, development, and roll-out of new or transformed compensation programs, policies, and processes

Manage large-scale compensation projects, serving as the subject matter expert and driving successful implementation

Collaborate cross-functionally to ensure seamless integration of compensation initiatives with other talent management and P&C programs

Develop comprehensive communication and change management strategies to drive user adoption and program effectiveness

Compliance:

Ensure the organization's compensation practices adhere to all applicable laws, regulations, and internal guidelines

Partner with legal, finance, and people & culture teams to maintain compliance and mitigate compensation-related risks

Establish and maintain robust compensation governance processes, policies, and controls

Monitor the external environment and proactively adapt the organization's compensation programs in response to legislative, regulatory, and market changes

Knowledge Preferences and

Qualifications:

Certified Compensation Professional (CCP) or similar advanced certification (preferred)
Exceptional data analysis, modeling, and reporting skills, with proficiency in Excel and BI tools

Strong business acumen and strategic thinking abilities, with the capacity to translate technical concepts into practical business solutions

Excellent communication and influence skills, with the ability to effectively partner with and present to executive leadership

Demonstrated expertise in compensation program design, implementation, and optimization

Uncompromising integrity and discretion in handling sensitive and…