Senior Business Operations Analyst - Compensation and Analysis

Federal Reserve Bank - Chicago, IL

Part-time,Full-time - Mid Level

Hybrid - Chicago, IL

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 compensation programs for over 500 employees. This position requires advanced analytical skills, the ability to lead complex projects, and strong relationship-building capabilities. The analyst will be responsible for overseeing various aspects of compensation management, reporting, and research, 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.
• Diversity, Equity, and Inclusion community groups and active employee resource groups.
• Onsite gym and subsidized cafeteria.