HR Compensation Analyst

As an HR Compensation Analyst, you will play a pivotal role in the strategic and operational management of the organization’s compensation programs. Your responsibilities will span bonus administration, budgeting and forecasting, merit and promotion proposals, compensation benchmarking, analytics, and ad hoc studies. Portuguese language skills are desirable to support communication with stakeholders in the head office.

Key Responsibilities

Bonus Provision & Calculation

Administer and calculate bonuses in accordance with established policies and performance criteria. Ensure accuracy, timeliness, and compliance with internal guidelines and regulatory requirements.

Budgeting & Forecasting

Partner with HR and Finance teams to develop and maintain annual budgets and forecasts for headcount, salaries, and bonuses.

Merit & Promotion Proposals

Prepare data-driven recommendations for merit increases and promotions, incorporating performance evaluations and market competitiveness.

Compensation Benchmarking & Studies

Conduct internal and external compensation analyses to assess the competitiveness and effectiveness of compensation structures.

Reporting & Analytics

Generate and interpret compensation reports and dashboards. Provide actionable insights to support strategic decision-making.

Ad Hoc Simulations & Scenario Modeling

Perform simulations and scenario analyses to evaluate the impact of proposed compensation changes or organizational shifts.

Regulatory Compliance

Ensure adherence to Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) regulations, as well as internal policies and procedures, particularly those of Itaú.

Qualifications

Experience

Minimum of 5 years in compensation or total rewards, preferably within the financial services industry.

Technical Expertise

Solid understanding of compensation principles, salary structures, incentive plans, and market pricing methodologies.

Language Proficiency

Fluency in English is required; Portuguese proficiency is highly desirable.

Analytical Skills

Strong quantitative and analytical capabilities, with the ability to interpret complex data and provide meaningful insights.

Attention to Detail

High level of accuracy in data handling and financial calculations.

Communication & Collaboration

Effective verbal and written communication skills. Ability to work cross-functionally and present findings to stakeholders.

Technology Proficiency

Advanced Excel skills and experience with HRIS and analytics tools (e.g., UKG, Power BI) for data management and reporting.

Education

Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field.