Compensation Consultant I - Regional Banking

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.

Responsibilities:

• Supports compensation program design through data analysis and benchmarking

• Administers compensation processes in alignment with organizational guidelines

• Prepares line of business compensation reporting and analysis throughout the year, and particularly for the year-end compensation review process

• Collaborates with senior consultants and managers to execute compensation strategies

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

Required Qualifications:

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

• 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, inclusive of data mining and ad-hoc reporting

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

• Demonstrate 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

• Have a project/program management background and the ability to prioritize tasks and manage multiple projects with a strong attention to detail

• Demonstrate the ability to handle confidential information with discretion

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

• 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

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

Desired Qualifications:

• Familiarity with Bank of America HR Systems

• Experience with Compensation analytics

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:

Hours Per Week: