Compensation Consultant II

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:

Senior level non-supervisory position or team leader responsible for independently providing high level analytical support to the design and development of complex compensation products that support the strategy for assigned businesses, executives or International clients. Requires deep subject matter expertise. Will directly consult with business managers in the development of these products. Provides coaching to less experienced analysts.

The Compensation Consultant will engage with Global Markets Human Resource Generalists and Business Leaders as well as other Compensation professionals to provide diverse analytical and quantitative leadership and support for the design, development and execution of compensation projects, initiatives, and processes. The individual will be responsible for providing Compensation subject matter expertise and consulting to Human Resource, Business Leaders, and Compensation colleagues.

Responsibilities:

• Serve as a subject matter expert and strategic advisor on Compensation matters to Human Resources and Business Leaders

• Compile, create and summarize/analyze data clearly and concisely to help drive fact-based decision making

• Support and advise on compensation related activities including but not limited to new hire offers, promotions, talent retention and year-end forecasting

• Participate in compensation survey process; conduct analysis on internal and external bench marking to support compensation related business decisions and strategy

Required Qualifications:

• Minimum 5 years of Compensation Experience or successful performance in a role with strong analytical focus

• Must have experience working directly with leaders, advising and consulting with them on HR, Compensation, or related issues

• Experience gathering, organizing, analyzing, and presenting large amounts of data clearly and concisely to help make fact-based decisions

• Have strong MS EXCEL skills (familiar with lookups, conditional formulas)

• Demonstrate the ability to handle highly confidential and sensitive information with discretion and maturity

• Ability to clearly “tell the story” with complex underlying data; be able to analyze present-state, and develop alternative future-state approaches

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

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

• Be a team player and display a strong work ethic

• 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

• Ability to thrive in a fast paced and demanding environment, balancing competing priorities and multiple stakeholders

Skills:

• Attention to Detail

• Benchmarking

• Budgeting

• Compensation Analysis

• Financial Management

• Analytical Thinking

• Consulting

• Data and Trend Analysis

• Financial Forecasting and Modeling

• Presentation Skills

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$115,000.00 - $150,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.