Senior Business Operations Analyst - Compensation and Analysis

Federal Reserve Bank - Chicago, IL

Part-time,Full-time - Mid Level

Hybrid - Chicago, IL

11-50 employees

Monetary Authorities-Central Bank

About the position

The Senior Business Operations Analyst in Compensation and Analysis at the Federal Reserve Bank of Chicago plays a crucial role in managing the compensation programs for over 500 employees within the Supervision and Regulation Department. This position requires advanced analytical skills, the ability to lead complex projects, and strong relationship-building capabilities. The analyst will be responsible for overseeing compensation management, reporting, and research related to talent issues, while maintaining high confidentiality and working independently.

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.

Requirements

• 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.

Benefits

• 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.
• Transit benefit.
• Opportunities for subsidized advanced educational degrees.
• Onsite gym and subsidized cafeteria.