Sr Compensation Consultant
Sr Compensation Consultant
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$ 95600 - 162400
1 Vacancy
Job Description
About Northern Trust:
Northern Trust a Fortune 500 company is a globally recognized award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the worlds most successful individuals families and institutions by remaining true to our enduring principles of service expertise and integrity. With more than 130 years of financial experience and over 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.
Role/ Department: Senior Compensation Consultant/Global Compensation
We are seeking a Senior Compensation Consultant to join our Global Compensation team with a dedicated focus on global compensation consulting. This strategic advisor will partner closely with HR Business Partners and senior business leaders to design implement and optimize compensation programs that attract motivate and retain top talent in highly competitive markets.
The key responsibilities of the role include:
Serve as the primary compensation advisor for the Technology and Finance groups understanding their business strategies and workforce dynamics.
Develop recommend and implement compensation strategies including base salary structures incentive programs job evaluations and market benchmarking.
Conduct complex compensation analyses such as retention risk assessments and modeling for merit and bonus planning.
Collaborate with Talent Acquisition HRBPs and business leaders to provide guidance on compensation offers promotions and internal mobility.
Monitor market trends and conduct regular benchmarking to ensure Northern Trust remains competitive in global labor markets.
Support the annual year-end compensation planning cycle including merit incentive and equity planning for assigned business units.
Assist in the development and refinement of global compensation policies and frameworks to ensure compliance and alignment with business goals.
Partner with finance and legal teams to ensure regulatory compliance (e.g. FLSA SEC disclosures pay transparency laws).
Contribute to compensation-related projects such as job architecture initiatives career pathing and the integration of new compensation tools and systems.
Skills/ Qualifications:
Bachelors degree in Human Resources Finance Business Administration or related field; Masters or professional certification (CCP) preferred.
7 years of experience in compensation financial services organizations preferred.
Strong knowledge of compensation theory market pricing incentive plan design and relevant regulatory requirements.
Proficiency in Microsoft Excel and experience with compensation tools (e.g. Workday or similar).
Exceptional analytical skills with the ability to translate data into insights and actionable recommendations.
Effective communicator with strong stakeholder management and consulting skills.
Comfortable navigating ambiguity and working in a dynamic global matrixed environment.
Working Model: Hybrid (#LI-Hybrid)
We have a balanced hybrid working model to ensure you get the flexibility you need and the successful candidate will spend their time between working in the office and working from home.
Salary Range:
$95600 - 162400 USDSalary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Working with Us:
As a Northern Trust partner greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged senior leaders are accessible and you can take pride in working for a company committed to assisting the communities we serve!Join a workplace with a greater purpose.
Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at .
We hope youre excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
Required Experience:
Senior IC
Employment Type
Full-Time
