Head of Benefits & Compensation

$225,700 - $285,000/Yr

Federal Reserve Bank - New York, NY

Part-time,Full-time - Senior

New York, NY

1,001-5,000 employees

Monetary Authorities-Central Bank

About the position

The Head of Benefits & Compensation at the Federal Reserve Bank of New York is a leadership role responsible for executing the Bank's total rewards strategy. This position involves leading a team to enhance employee benefits, recognition, and compensation programs, ensuring alignment with market trends and organizational goals. The role requires collaboration with various business areas to create effective rewards solutions that attract and retain top talent while promoting employee well-being.

Responsibilities

• Recommend, implement, and oversee the Bank's total rewards strategy.
• Lead a team that delivers benefits, recognition, and compensation programs.
• Collaborate with business areas and People and Engagement to create and deliver benefits and rewards solutions.
• Optimize benefits and rewards programs to attract and retain employees, monitor costs, and ensure market alignment.
• Monitor trends, maintain knowledge of industry best practices, and evaluate the success of benefits and rewards programs.
• Provide subject matter expertise to enhance the rewards portfolio by identifying trends and opportunities.

Requirements

• Experience leading teams and motivating individuals to achieve their full potential.
• Strong compensation acumen and ability to articulate rewards strategies to stakeholders and employees.
• A growth mindset with adaptability and creativity to pivot strategies in response to changing conditions.

Benefits

• Fully paid Pension plan and 401k with Generous Match
• Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
• Subsidized Public Transportation Program
• Tuition Assistance Program
• Onsite Fitness & Wellness Center