Sr Compensation Analyst

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.  

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role/ Department: Senior Compensation Analyst/Compensation and Benefit Services
This role provides analytical support to the Funding & Deferred Compensation Reward team, including data analysis, presentation creation and compensation administration support.  The successful applicant will be supporting a variety of change projects and BAU activities, including base-pay, discretionary and formulaic incentive plans, deferral programs, and other compensation and reward elements. 

This is a technical role, where specific training will be provided, but candidates must be numerical and logical, detail-oriented, risk-focused, organized and comfortable multi-tasking and reprioritizing, and able to communicate effectively while discussing complex concepts.  Performs tasks and duties according to established procedures (where such exist). Generates new and improved solutions to complex problems.  Works autonomously within established procedures and practices. Anticipates patterns and links; looks beyond the immediate problem to the wider implications. Comfortable asking questions and challenging assumptions in order to manage risk and elevate team performance. 

The key responsibilities of the role include:
•    Support with preparation of incentive accrual analysis and discussion papers, including liaison with teams in NT Finance, and preparation and validation of data and analysis from complex underlying spreadsheets
•    Support with activities and analysis relating to deferred compensation, including buy-out valuations, monthly approvals, ad hoc requests and the annual award/vest cycle
•    Help maintain and develop relationships and tools to support multiple formulaic incentive schemes, working with other team members to establish robust and formal approval processes and governance
•    Assist with the development of processes and process documentation around existing, new and revised compensation programs
•    Understand and assist with tools prepared and owned by the team in support of the wider Reward team and other HR functions
•    Create and maintain Excel data assets for use as source data for various ad-hoc analyses
•    Quickly become competent with Workday reporting and other data sources to help other team members with critical and often time-pressured tasks 

 
Skills/Qualifications:
•    2 or more years related compensation experience, preferably in a global role
•    Advanced proficiency in Windows-based applications with emphasis on Excel and PowerPoint
•    Ability to maintain confidentiality of all employee information
•    Strong analytical, problem-solving, organizational, and communication skills
•    Must be able to manage multiple tasks and deadlines with minimal assistance
•    Experience with HR data and compensation systems
•    Understanding of how related teams coordinate their efforts and resources to achieve objectives
•    Exchanges ideas and information effectively with others outside of own team and evaluates and communicates unusual and/or complex content in a clear manner

The successful candidate will benefit from having:
•    Experience with Workday in a similar capacity

Working Model: Hybrid (#LI - Hybrid)
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us: 

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater 

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

 
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.