Senior Compensation Analyst

SENIOR COMPENSATION ANALYST

WHAT IS THE OPPORTUNITY?

The Compensation Senior Analyst supports the compensation function in the design, implementation, and ongoing management of general or specific compensation programs, systems, and initiatives.

The Compensation Senior Analyst will mainly focus on providing operational support by managing compensation systems, reporting, and tools. The role will act as subject matter expert (“SME”) across data and reporting needs, project manager for annual compensation processes, supporting and guiding the Compensation team and various other stakeholders to ensure timely & accurate completion.

WHAT WILL YOU DO?

• HR compensation systems, audits, reporting and data integrity:
• Collaborates with HR Services team on systems workflow, integration, support, UAT testing, analyses and report writing.
• Makes cohesive recommendations to drive process improvements in order to advance compensation reporting, analyses, workflows and program delivery.
• Design, develop, implement and maintain consolidated analysis and reporting across region, businesses, divisions, etc.
• Partner with Finance on forecasting, analyizing, reporting and modeling employee related data; including accrual analysis of annual incentives.
• Create and deliver training material for HR and Managers to educate them on compensation systems.
• Annual Programs & Initiatives:
• Supports & guide the Compensation team on enterprise-wide initiatives, development of tools, reports, risk assessments and reporting, and processes, such as facilitating the annual review process, compensation survey participation, salary structure development and general maintenance job data integrity.
• Leads the HR system preparation for the annual review process including configuration, testing, validation, documentation to ensure tool is ready for users.
• Leads the annual process for the team to participate in compensation surveys to collect and analyze competitive salary information, leveraging market pricing tool.
• Formulates recommendations regarding development of company salary structure and geographical differential analysis.
• Participate on projects related to compensation programs or systems, such as custom market studies, incentive proposals, FLSA reviews etc.
• Support Compensation Consultants:
• Supports the Compensation team in the day-to-day compensation activities such as job documentation, job evaluation, pay administration, adhoc requests and projects.
• Audits jobs to ensure compliance with FLSA and other federal, state and local compensation laws and regulations.
• May be assigned a small client group, either as back-up or lead to advise client groups and HR staff on a full range of compensation related programs.
• Will support the overall team's success in any capacity as back-up when needed.
• Ensures compliance with applicable regulatory requirements regarding colleague pay while staying up to date on current related legislation.
• Develop and maintain understanding of compensation practices and trends in the financial services industry.

WHAT DO YOU NEED TO SUCCEED? Required Qualifications*

• Bachelor's Degree or equivalent
• Minimum of 4 years' experience in HR, preferably in a Compensation or HR Analytics or HR Systems role.
• Minimum of 4 years' experience managing systems, processes and/or projects.
• High proficiency with HR systems and MS Office Excel including knowledge of pivot tables, formulas and functions required.

Additional Qualifications

• Strong knowledge of human resource principles and practices.
• Comprehensive compensation experience in the design and implementation of compensation programs.
• Strong working knowledge of broad-based compensation topics such as market pricing, salary structure design and development, job evaluation, and analysis, preferably in a financial services environment.
• Strong organization, prioritization, project management and consulting skill set and an ability to set and meet tight deadlines.
• Strong mathematical aptitude, analytical and problem-solving skills, attention to detail, accuracy & confidentiality.
• Strong communication skills including interpersonal, presentation, facilitation and written.
• Solid understanding systems workflow, integration, support, UAT testing, data attributes.
• Advanced level HRS skills and experience with Microsoft Excel, Access, and Word.
• Previous experience with HRS and UKG Compensation Management system preferred
• Previous experience with Pascale's Market pricing tool preferred.
• Previous experience with JDXpert Job Repository tool preferred.
• Certified Compensation Profession (CCP) designation preferred.

WHAT'S IN IT FOR YOU? Compensation Starting base salary: $77,000 - $143,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.
ABOUT US Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

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.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job. #LI-MA #CA-MA