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City National Bank · 1 day ago

Compensation Senior Analyst

Los Angeles, CA

Full-time

Onsite

Mid, Senior Level

$77K/yr - $143K/yr

4+ years exp

City National Bank is a subsidiary of Royal Bank of Canada, focused on providing exceptional financial services. The Compensation Senior Analyst supports the compensation function by managing systems, reporting, and providing operational support for compensation programs and initiatives.

BankingFinanceFinancial Services

Responsibilities

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, analyzing, 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

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

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

Qualification

HR systems managementCompensation program designData analysisProject managementMicrosoft Excel proficiencyCompensation compliance knowledgeMarket pricing expertiseMathematical aptitudeCommunication skillsAttention to detailOrganizational skillsInterpersonal skills

Required

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

Preferred

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