Senior Compensation Consultant

# Senior Compensation Consultant Ameriprise Financial Minneapolis, MNO

ct 08, 2026

Finance##

Job Description
** About Our Company
** We're a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and River Source Insurance and Annuities.

Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
** Job Description
** Shape compensation strategy for some of Ameriprise's most critical businesses, including U.S. Wealth Management, River Source Insurance & Annuities, and Field Operations. As a Senior Compensation Consultant, you'll partner directly with business leaders to deliver market insights, solve complex workforce challenges, and influence talent decisions that attract, retain, and motivate top talent. We're seeking a strategic advisor with strong business acumen, executive presence, and the ability to build credibility and influence across all levels of the organization.
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* Key Responsibilities:

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* ** Partner with Business Leaders
*** Serve as the primary compensation consultant for assigned business areas.
* Build trusted partnerships with business leaders and HR teams to understand priorities and translate them into practical compensation strategies.
* Advise on hiring, promotions, organizational changes, career progression, and retention.
** Deliver Market Intelligence and Strategic Analysis
*** Conduct market pricing and competitive analyses using survey data and industry benchmarks.
* Analyze market and workforce trends to identify risks, opportunities, and emerging practices.
* Recommend pay positioning and compensation structures that balance competitiveness, internal equity, and business needs.
** Lead Compensation Projects and Initiatives
*** Lead or support enterprise and business-specific compensation initiatives.
* Support annual compensation planning, pay program reviews, job evaluations, and career framework work.
* Improve compensation processes and program effectiveness.
** Support Executive and Leadership Decisions
*** Prepare clear, decision-focused analyses and presentations for senior leaders and executive reviews.
* Develop recommendations that reflect business priorities, market competitiveness, internal equity, and governance.
** Educate and Influence
*** Serve as a compensation subject matter expert and provide practical guidance to leaders, HR partners, and employees.
* Explain compensation philosophy, market dynamics, policies, and pay decisions in clear business terms.  
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* Required Qualifications:

*** Bachelor's degree or equivalent experience.
* 7+ years of experience in compensation, total rewards, HR consulting, or a related field.
* Strong business acumen and experience advising leaders on complex workforce issues.
* Excellent analytical, problem-solving, and communication skills, with the ability to influence diverse stakeholders.
* Advanced Excel and data analysis capabilities.  
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* Preferred Qualifications:

*** Compensation consulting experience in financial services or another complex, highly regulated industry.
* Experience with market pricing, salary structures, job evaluation, compensation surveys, and HR technology.
* Experience supporting leaders through organizational growth and change.
* Certified Compensation…