Senior Business Operations Analyst - Compensation and Analysis at Federal Reserve Bank (FRB) in Chicago, Illinois

Job Description:

Company

Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of 12 regional reserve banks in the United States, along with the Federal Reserve Board of Governors in Washington, D.C., which make up the nation's central bank. The Bank is committed to adhering to a culture of excellence, respect, integrity and responsibility.

About Supervision and Regulation
As part of its core mission, the Supervision & Regulation (S&R) Department of the Federal Reserve Bank of Chicago is responsible for supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, and financial holding companies. Organizations within the boundaries of the Seventh District are located within Illinois, Indiana, Michigan, Wisconsin, and Iowa. Our duty is to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance.

About the S&R Talent Operations Team
The Talent Operations team is an enablement function in Supervision and Regulation with core responsibilities related to managing performance management, compensation, hiring, position management and timekeeping and for all Supervision and Regulation (500+) employees.

About the Position
The Senior Human Resource (Business Operations) Analyst will offer the opportunity to drive processes for a 500+ person staff from end to end. The work will require strong analytical and influencing skills along with the ability to lead and complete complex projects while still being adaptable and building strong relationships at all levels. The level of work required is considered advanced, requires high confidentiality and staff must be able to work under minimal supervision. This position has no direct reports.

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  Compensation Management: Responsible for managing all facets of the department’s compensation program(s), including but not limited to the promotion process, end of year variable pay and merit cycle, pay equity analysis, and incentive and retention agreements.  Works very closely with the Bank’s People and Culture’s Compensation team. Responsible for creating and presenting presentations to department leaders on S&R’s compensation practices and policies.


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  Reporting:  Uses advanced data analysis and spreadsheet skills to create team and ad hoc reports.


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  Research:  Researches and responds to complex talent issues and prepares and presents proposals on solutions to all levels of staff and leadership.

Your Responsibilities:

• Leads and presents on complex projects; independently develops project plans, timelines and milestones for complex projects


• Effectively use advanced functions of MS Excel to independently manage reporting and analytics


• Draws on professional experiences to develop, maintain, collect and distribute key materials such as project plans, tracking spreadsheets, metrics and/or documentation


• Derives sound analysis of complex topics, conducts thorough and accurate work, supports findings and conclusions, makes recommendations and decisions, and follows-up, as appropriate


• Generates ideas for process improvement initiatives and participates in control activities that establish, maintain and validate standards for the functional area


• Draws on professional experiences and expertise to determine best practices and makes recommendations to improve current business practices; participates in efforts to make changes in business practices


• Prepares and presents both orally and in written form, conclusions and recommendations concerning complex matters to internal and external stakeholders.


• Builds and maintains strategic work relationships and networks with both internal and external stakeholders, such as the department, Bank, other Reserve Banks and the Board of Governors


• Serves as a mentor and/or coach; provides guidance, training and constructive feedback to all levels of staff

Your Background:

• Bachelor's degree or equivalent experience, degree in HR-related discipline preferred


• Five years of direct work-related experience


• Possess a strong proficiency in Microsoft Office products (specifically Excel and PowerPoint)


• Demonstrate intermediate to advanced analytical and problem solving skills


• Demonstrate critical thinking and decision-making abilities as well as written and oral communication abilities


• Possess strong teamwork skills and the ability to build and work collaboratively within and across work teams within the department and organization


• Demonstrate the ability to manage time and projects effectively by adjusting quickly to new and different priorities relatively independently


• Demonstrate aptitude to leverage relevant technology and software applications

What we Offer:

• Ability to become a team Subject Matter Expert


• Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan with matching contributions, retirement plan, paid time off, childcare subsidies, parental leave, and a transit benefit


• A continuous learning environment with opportunities to gain new skills and grow your career by opportunities for subsidized advanced educational degrees


• A wide range of Diversity, Equity, and Inclusion community groups as well as active employee resource groups and mentorship programs.


• Onsite gym and subsidized cafeteria.

Location:

This is a Hybrid position. Your presence will be expected at one of the 7th District offices  - Chicago (preferred), Des Moines or Detroit.

Other Requirements:

• Ability and willingness to travel up to5%


• As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.


• This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. Citizen and pursue a path to citizenship.


• This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.

             

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Bank Examination

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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