7 days old

Compensation Analyst

Federal Reserve Bank (FRB)
Chicago, IL 60602
  • Job Code


Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is looking for a Compensation Expert who is equally comfortable advising executives or navigating and building complex spreadsheets (can perform complex functions) and analysis with speed and accuracy. You will have experience managing both base pay and variable pay programs, conduct job analysis, job documentation and market pricing, and understand how to track and manage increase budgets.

The Compensation Analyst reports to the Compensation Manager and administers and develops base and variable pay compensation programs in a diverse, high compliance environment. You will combine high partner involvement with advanced analytical demands.
This position internally will be titled as a Senior Compensation Analyst.


  • You will be HR liaison to departments and high influence partners
  • Provide pay recommendations, guidance, and solutions to Bank management
  • You will administer and design base pay and variable pay programs
  • Manage compensation market data and analytics
  • You will conduct comprehensive reviews of Bank-wide and department pay strategy, job analysis, pricing, and prepares job descriptions
  • Manage cross functional projects and participate on work teams

Your Background:

  • Bachelor's degree or equivalent experience
  • 5 to 7 years of professional work experience
  • Applied advanced expertise of Compensation principles and best practices
  • Advanced data analysis and spreadsheet skills
  • Strong communication and presentation skills
  • Excellent analytical and problem solving skills
  • Demonstrate independent thinking and decision-making abilities
  • Experience in a customer-facing, business partner role
  • Proficiency with HR systems, data management, and report writing

What we offer:

  • Comprehensive benefits package include medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria
  • A learning environment with opportunities to gain new skills and grow your career


As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.

All Federal Reserve Bank of Chicago employees must be fully vaccinated against COVID-19, unless the Bank grants an accommodation based on medical condition or sincerely held religious belief.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category

Human Resources

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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Posted: 2021-09-11 Expires: 2021-10-10
Sponsored by:
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Sponsored by:
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Compensation Analyst

Federal Reserve Bank (FRB)
Chicago, IL 60602

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