Compensation Consultant I – GM/GCIB/EC/GRM

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

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

Job Description:
This job is responsible for providing analytical support for the design and execution of compensation programs aligned with business strategy. Key responsibilities include conducting data analysis, benchmarking, and supporting program administration under the guidance of senior consultants or managers. Job expectations include applying independent judgment and contributing to compensation strategy through accurate and timely insights.

The Compensation Consultant will join the Global Markets/Global Corporate & Investment Banking/Enterprise Credit/Global Risk Management Compensation Reporting team.  Will be a key resource for compensation reporting and analytics, partnering with Compensation teams to deliver data-driven insights that inform compensation strategy and decisions. This role is responsible for designing, producing, and maintaining standardized and ad hoc compensation reporting, ensuring data accuracy, consistency, and governance.

The role will focus on advanced quantitative analysis, trend identification, and the development of dashboards and reporting tools to support compensation planning cycles and ongoing business needs. The Consultant will also translate complex compensation data into clear insights for senior stakeholders and drive continuous improvement in reporting processes, automation, and data management.

Responsibilities:

• Develop, produce, and maintain recurring and ad hoc compensation reports, ensuring accuracy, consistency, and timeliness of data

• Analyze internal and external compensation data (including market benchmarking) to support program design, business insights, and decision-making

• Support the administration of compensation processes with a focus on data integrity, reporting governance, and process efficiency

• Lead line of business compensation reporting and analytics throughout the year, with a primary focus on year-end compensation planning and review cycles

• Administers compensation processes in alignment with organizational guidelines

• Provide analytical support and reporting insights for compensation-related activities, including new hire offers, promotions, retention actions, and forecasting

• Identify opportunities to enhance reporting capabilities through automation, dashboard development, and process improvements

Required Qualifications:

• Minimum 2-5 years of Compensation Experience or successful performance in a role with strong analytical focus

• 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:

• Analytical Thinking

• Attention to Detail

• Benchmarking

• Compensation Analysis

• Research

• Budgeting

• Data and Trend Analysis

• Financial Management

• Consulting

• Presentation Skills

• Reporting

• Strategic Thinking

Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Pennington - 1500 American Blvd - Hopewell Bldg 5 (NJ2150)

Pay and benefits information

Pay range

$90,000.00 - $115,000.00 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.