Director of Compensation at Federal Reserve Bank (FRB) in Atlanta, Georgia

Job Description:

Company

Federal Reserve Bank of Atlanta

As an employee of the Atlanta Fed, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.

In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

Position Summary:

You will collaborate with cross-functional teams to ensure compensation strategies are aligned with organizational goals and drive business performance. Direct the administration of annual merit and incentive programs, driving a culture of performance and accountability. Develop and/or implement compensation programs, policies, systems, and services to support Bank and Human Resources business needs and objectives.  Ensure compliance with applicable policies and regulations.  Serve on or chair District and system-level workgroups/committees that influence the direction and administration of policies and functions.  You will report to the AVP, Human Resources.

We are a hybrid work environment. You must live within commuting distance of the Atlanta office.

Key Responsibilities:

• Serve as a strategic advisor to senior leadership and business units on compensation practices and trends, both internally and externally. Consult with and advise senior management on strategic direction and resource needs for compensation functions.




• Oversee job description evaluations for appropriate grade, job level, job title, and FLSA exemption status. Oversee maintenance of job description database.




• Ongoing management and evaluation of existing and new positions, job family reviews, and salary equity adjustments.




• Direct the administration of annual merit and incentive programs, special compensation projects and cross-functional HR initiatives, as needed.




• Prepare monthly, quarterly and ad-hoc analytical reports of various HR metrics and audit transactions for review by district leadership and staff.




• Develop and/or implement programs, policies, systems, and services to support Bank and Human Resources business needs and objectives and ensure the most effective use of resources.  Ensure that Compensation and Human Resources activities comply with Bank policies and HR laws.




• Select, develop and manage compensation staff to maximize operational effectiveness.  Assign work, appraise performance, and coach and counsel staff.  Recommend salary actions and other personnel actions, including disciplinary actions and termination.




• Serve on or chairs District and System-level workgroup/committees to influence the direction and administration of human resources policies and initiatives.  Provide advice and support to senior Bank management on System issues or initiatives that could shape compensation and human resources strategic direction, programs, or policies.

Education:  Bachelor's Degree preferred

Experience:  Five to eight years preferred

Knowledge Areas:

• Human Resources




• Project Management

Managerial Competencies:

• Developing Direct Reports and Others




• Managerial Courage




• Decision Quality




• Directing Others




• Strategic Agility




• Priority Setting




• Motivating Others




• Interpersonal Savvy




• Communicate Effectively

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).

The Federal Reserve Bank of Atlanta is an equal opportunity employer.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

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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