HR Officer - Compensation

Job Type

HR Officer - Compensation

General Description

As an HR Officer in the Compensation Center of Excellence, you will be able to analyze, assess, design, and administer compensation programs and matters, including base pay and incentive pay, among others, to support the business to meet their goals through effective talent attraction, development, and retention. 

Essential Duties and Responsibilities

Compensation Governance and Analytics

• In alignment with the Bank's People Strategy, administer and implement the organization's compensation programs and incentive plans. 
  Collaborate as needed in the planning, coordination, administration, and reporting of compensation processes including the annual compensation review, merit increase, incentive pay benchmarking, gender pay analysis, etc.
• Collect and analyze data to ensure that the Bank's rewards are aligned with benchmark practices which will enable businesses to fulfill their strategy.
• Collaborate by monitoring the variable pay compensation to ensure regulatory compliance, sales practices policy and other compliance and risk regulations and obligations.
• Analyze the remuneration scheme and prepare internal equity and external competitiveness reports, and ensure all employees' compensation is applied properly, such as Fair Pay.
• Conduct job evaluations and make compensation recommendations for existing employees.
• Monitor the Bank's job evaluation, leveling and classification programs.
• Conduct large scale and ad hoc compensation analysis and assist with projects.
• Use data and analysis to model incentive plan effects and make recommendations.
• Define, document, and interpret variable compensation related policies with Legal and HR.
• Oversee the career path process among job profiles to ensure overall consistency and appropriateness of application, and compliance with policies, procedures, and guidelines.
• Ensure Job Description governance with updated data to facilitate job profile processes.
• Support system compensation plans rollout such as bonus, merit, and other tasks including testing, data validation, etc. 

Fairness, Equity and Performance Management Advisor

• Advice leaders on decisions regarding compensation best practices to pursue internal equity, merit-based performance, and rewards, and train Managers on the application of different Compensation policies based on goals and strategy.
• Provide guidance in the execution of contracted studies, critique related consultant/benchmark reports, reviews data, analytics, and recommendations.
• Monitor market practices and compensation trends to contribute towards effectiveness for design and baseline of compensation standards.
• Assist in promoting the consistent application of compensation programs by identifying opportunities to refine and subsequently communicate/educate on effective compensation practices.
• Keep updated with the recent trends and best practices in the field.
• Work with leaders of the business and provide them with the relevant analytics and insights.
• Work with our Talent Acquisition team and provide guidance on offers for new hires and internal mobility.

Education

Experience

A minimum of five (5) years of experience in Compensation or its related practices. 

Certifications / Licenses

Other Qualifications

Knowledge, Skills & Abilities (KSA's)

• High level of integrity and confidentiality
• Accountability Focus
• Proven ability to consolidate and manipulate large data sets with a commitment to accuracy and details.
• Demonstrated experience conducting, understanding, and interpreting statistical and financial analysis, concepts, and processes.
• Demonstrated ability to quickly learn and apply new analytical tools, techniques, and/or software.
• Demonstrated ability to effectively navigate and collaborate in a large, matrixed corporate work setting.
• Proven ability to achieve objectives in a dynamic, often ambiguous, environment.
• Ability to prioritize well and be flexible in a fast-paced environment and accept changing demands.
• Able to think in an unexpected way and propose creative solutions to complex problems.
• Demonstrated ability with numbers and mathematics and complex modeling where the ability to calculate figures and amounts such as rates, ratio proportions, and percentages is demonstrated.
• Ability to define, aggregate, and analyze metrics.
• Experience setting, interpreting, and governing policies for a large-scale program.
• Ability to establish, conduct and track operations processes properly, and implement changes.
• Familiarity with current employment rules and regulations which impact compensation.
• Hands-on experience with quantitative and qualitative research.
• Understanding of full employee cycle process.
• Basic knowledge of budget administration, resource allocation, organization's policies and regulations. 

Effective Communication

• Ability to read, and interpret general business periodicals, procedure manuals, or governmental regulations.
• Experience engaging, influencing, and presenting to executives and senior leaders.
• Strong written, verbal, and graphic communication skills, including the ability to effectively communicate technical information to varying audiences.
• Ability to build rapport with employees and vendors.
• Strong interpersonal and communication (written and verbal) skills in both English and Spanish.
• Polished presentation skills, strong oral and written communication skills and fully bilingual (English/Spanish).
• Demonstrated experience with HRIS systems (e.g. SAP, SSFF) and employee data is strongly preferred.
• Advanced proficiency in the MS Office 365 (i.e., PowerPoint, Excel, Outlook, Word, TEAMS, etc.).

Region Locations

Puerto Rico

Values

Additional Requirements

The information provided here is only a general guide as to the nature of the position and does not constitute an exact description of the goals, tasks, duties and responsibilities of the position. The specific details of each position are described in the employee’s performance evaluation.