Head of Benefits & Compensation

$225,700 - $285,000/Yr

Federal Reserve Bank Of Atlanta - 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 overseeing the Bank's total rewards strategy. This position involves leading a team to deliver benefits, recognition, and compensation programs while collaborating with various business areas to create effective solutions. The role requires a strong focus on optimizing programs to attract and retain employees, monitoring industry trends, and providing subject matter expertise to enhance the rewards portfolio.

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 for cost control, 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