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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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 II will engage with Country HR Generalists as well as regional and global compensation colleagues in support of LATAM and Canada. The Compensation Consultant II will also work closely with the International & Regional Compensation Executives to support integration across all regions..  Responsibilities include, but are not limited to:

• Providing expertise and support on compensation matters across business lines and countries in LatAm and Canada. 

• Advising HR colleagues on compensation practices across the employee lifecycle to support compensation decisions, including to execute the annual year-end compensation process and mid-year analyst process.

• Support the International Compensation Executive with integration efforts across all regions/countries

• Collaborating with Talent Acquisition to analyze, review and approve competitive compensation offers for new hires and with HRGs on off-cycle compensation reviews

• Drive or participate in cross-team improvement initiatives,  or strategic projects and regulatory requests for the region, as needed

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

• Serve as a point of integration between the regions and countries

Required Qualifications:

• Have 3+ years of Compensation compensation Experience experience or successful performance in a Human Resources or international support role with strong analytical focus

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

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

• Data/quantitative analysis experience

• Strong MS Excel skills (familiar with complex pivot tables, data filtering, lookups)

• Excellent verbal and written communication skills, including to articulate complex concepts clearly and concisely to a variety of recipients

• Collaborative partner who is able to develop relationships with global colleagues

• Ability to understand and apply complex technical requirements to practice situations

• 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

Desired Qualifications:

• Experience supporting Global Markets, GCIB or international experience is a plus

Skills:

• Attention to Detail

• Benchmarking

• Budgeting

• Compensation Analysis

• Financial Management

• Analytical Thinking

• Consulting

• Data and Trend Analysis

• Financial Forecasting and Modeling

• Presentation Skills

• Influence

• Reporting

• Strategic Thinking

 It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil ​liability.​  

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - NJ - Pennington - 1500 American Blvd - Hopewell Bldg 5 (NJ2150)

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.