United States Job Openings
Federal Reserve Bank of Kansas City
Compensation Analyst
Kansas City
FULL TIME
November 14, 2024
Together, we serve the public and each other in an innovative environment that values the highest ethical standards. Here you'll find support to develop, united in a clear and common purpose with a diverse team.
The Compensation Analyst will be responsible for analyzing and administering employee compensation programs, including base pay and variable pay. The role involves researching market trends, evaluating jobs and ensuring our compensation practices remain competitive and aligned with the Bank’s objectives. The ideal candidate is detail-oriented, analytical, has an aptitude to learn, and can effectively tailor communication to deliver complex/difficult messages. The candidate also is interested in developing deep compensation practitioner knowledge to serve as a subject-matter expert and advise senior management on programs and market trends.
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Salary administration & variable pay programs. Activities include developing and recommending budgets, allocations, and guidelines; consults with business lines; ensures alignment with policies; and compiles reports and metrics.
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The Bank’s job evaluation program. Activities include reviewing job documentation, analyzing market data, and determining FLSA classification.
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Educational campaigns and programs.
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Conducts and/or participates in compensation surveys.
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Compiles and analyzes data to recommend adjustments to the Bank’s salary structure.
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Monitors compensation trends and business issues to ensure competitiveness of the Bank’s compensation philosophy and programs.
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Consults with recruiters, Bank management, and System contacts on compensation issues. Participates in System workgroups.
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Performs other duties as assigned
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Typically does not require any previous compensation analysis experience. Three years of relevant experience is preferred, which could include finance or data analysis, detailed human resources program administration and support, or human resources program development.
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Bachelor’s degree in Business Administration or a closely related field from an accredited college or university, or equivalent combination of directly related education and/or experience.
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Strong analytical skills and proficiency in data analysis tools such an Excel or Tableau preferred.
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Familiarity with the Human Capital Management programs preferred.
Location: Hybrid – Kansas City, MO (minimum of 50% monthly)
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