Compensation Consultant I - Global Human Resources

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

Fully functioning non-supervisory position responsible for providing diverse analytical support to the design and development of compensation products that support the strategy for assigned businesses, executives or international clients. May directly consult with business managers in the development of these products.

The Compensation Consultant I will support the Global Human Resources Line of Business and will engage with Compensation, Finance, Legal, Risk, Compliance, and key executives to support compensation for HR. The role actively works with teammates and partners to deliver compensation products and analyses, while ensuring processes are administered efficiently and consistently. 

Responsibilities:  

• Manages the strategic delivery of compensation products for Global Human Resources

• Works in conjunction with the GHR Compensation team – acting as a resource in support of compensation strategy and business objectives

• Applies lenses of operational excellence, organizational health, and diversity and inclusion across all HR people processes

• Partners with business leaders to ensure that programs and practices are in alignment with Enterprise culture and conduct principles, serving as a trusted advisor to leadership

• Manages and influences critical workforce activities, including but not limited to headcount reporting and analytics, financials/expenses, promotions, diversity and inclusion, performance, talent management, and key cross-HR initiatives

• Collaborates with compensation, talent acquisition, and business partners to provide appropriate guidance on employee compensation, both at an individual level as well as in aggregate, while maintaining a focus on expense management

Required Qualifications:

• 2+ years of Compensation Experience or successful performance in a role with strong analytical focus

• The ability to handle highly confidential and sensitive information with discretion and maturity given level of access to peer compensation data

• Strong advisory and influencing skills and must have experience working directly with leaders, advising/consulting with them on HR, Compensation or related issues

• Data/quantitative analysis experience and strong analytical and problem solving skills – experience gathering, organizing, analyzing and presenting large amounts of data clearly and concisely to help make fact-based decisions

• Strong MS EXCEL skills (familiar with complex pivot tables, data filtering, lookups)

• Experience creating high impact presentations utilizing PowerPoint and the ability to clearly “tell the story” with complex underlying data; be able to analyze present-state, and develop alternative future-state approaches

• Demonstrate the ability to grasp a comprehensive understanding of Compensation issues and priorities; effectively analyze and diagnose problems; provide clear advice and recommendations to help make sound business decisions

• A project/program management background and the ability to prioritize tasks and manage multiple projects with a strong attention to detail and appropriate sense of urgency

• A business centric mindset with the ability to utilize sound business judgment and tailor approach to drive optimal business outcomes

• Relationship management skills including the ability to interact, communicate and influence peers and partners

• Be a demonstrated self-starter and a results-oriented professional who can develop and manage relationships across multiple groups

• Be a team player and display a strong work ethic

Desired Qualifications:

• Bachelor’s Degree in related field or equivalent work experience

Skills:

• Analytical Thinking

• Attention to Detail

• Benchmarking

• Compensation Analysis

• Research

• Budgeting

• Data and Trend Analysis

• Financial Management

• Consulting

• Presentation Skills

• Reporting

• Strategic Thinking

Shift:

Hours Per Week: