Company

Federal Reserve Bank of New York

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

What we do:

People & Engagement partners with senior leadership and business groups to advance and support the Bank’s culture of excellence by inspiring and motivating colleagues with diverse backgrounds and perspectives. The Group achieves this through progressive people strategies and modern employee experiences that attract and retain top talent and helps everyone pursue continuous growth and meaningful work at the Bank. 

Your role as Recognition (Rewards and Compensation) Partner:

You will bring experience as a compensation advisor, master executor, and consultative partner as an important member of a small team delivering programs to reward and engage our 3,100 employees. 

Addresses Bank employees' inquiries associated with benefits, compensation, recognition and other HR-related matters with a high level of customer service utilizing effective problem solving, process improvement, and troubleshooting skills. While the job requires experience in and will focus on core compensation work, you should also have an interest in (and ideally experience in) benefits work too as you’ll join an integrated total rewards team. 

 

Key responsibilities include:  

• Leads market trends analysis, benchmarking, and compensation survey submissions. 

• Analyzes organizational pay practices and makes recommendations for salary changes anchored in compensation philosophy. 

• Educates employees and managers on recognition philosophy, programs, and technology using Workday. 

• Leads collaboration with P&E partners including Inclusion Strategists, People Experience Partners, Talent Acquisition, and provides direct partnership with business Groups. 

• Supports rollout of new recognition programs, fluent in the Bank's career management framework and job classification system. 

• Documents procedures with internal systems and external tools like MarketPay. 

What we are looking for:

• Workday experience to perform reporting and troubleshooting as it relates to Compensation is preferred. 

• Previous experience as a Compensation Analyst or Total Rewards Analyst preferred. 

• Strong communication and presentation experience. 

• An intrapreneurial mindset, showcasing adaptability, creativity, and the capacity to pivot strategies in response to dynamic environmental conditions. 

Salary Range: $116500-$200400 / year 

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions. 

 

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more. 

 

Benefits: 

Our organization offers benefits that are the best fit for you at every stage of your career: 

• 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 

• And more 

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person.