Compensation Consultant I – GM, GCIB, EC, GRM

Bank of America

Compensation Consultant providing analytical support for compensation programs aligned with business strategy at Bank of America. Developing and maintaining compensation reports and insights for key decisions.

Posted 5/23/2026full-timePennington • New Jersey • 🇺🇸 United StatesJuniorMid-Level💰 $90,000 - $115,000 per yearWebsite

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

compensation reportingdata analysismarket benchmarkingdata integrityreporting governanceprocess efficiencyautomationdashboard developmentMS Exceldata presentation

Soft Skills

analytical focusrelationship managementcommunicationinfluenceteam playerwork ethicbusiness judgmentproblem diagnosisdecision-makingadaptability

Industry Keywords

compensation processesHR consultingdata confidentialityfact-based decisionsyear-end compensation planningnew hire offerspromotionsretention actionsforecastingbusiness outcomes

About the role

Key responsibilities & impact

Develop, produce, and maintain recurring and ad hoc compensation reports, ensuring accuracy, consistency, and timeliness of data
Analyze internal and external compensation data (including market benchmarking) to support program design, business insights, and decision-making
Support the administration of compensation processes with a focus on data integrity, reporting governance, and process efficiency
Lead line of business compensation reporting and analytics throughout the year, with a primary focus on year-end compensation planning and review cycles
Administers compensation processes in alignment with organizational guidelines
Provide analytical support and reporting insights for compensation-related activities, including new hire offers, promotions, retention actions, and forecasting
Identify opportunities to enhance reporting capabilities through automation, dashboard development, and process improvements

Requirements

What you’ll need

Minimum 2-5 years of Compensation Experience or successful performance in a role with strong analytical focus
Experience working directly with leaders, advising and consulting with them on HR, Compensation, or related issues
Experience gathering, organizing, analyzing, and presenting large amounts of data clearly and concisely to help make fact-based decisions
Have strong MS EXCEL skills (familiar with lookups, conditional formulas)
Demonstrate the ability to handle highly confidential and sensitive information with discretion and maturity
Ability to clearly “tell the story” with complex underlying data; be able to analyze present-state, and develop alternative future-state approaches
Demonstrate a business centric mindset with the ability to utilize sound business judgment and tailor approach to drive optimal business outcomes
Have relationship management skills including the ability to interact, communicate and influence peers and partners
Be a team player and display a strong work ethic
Demonstrate the ability to grasp a comprehensive understanding of Compensation issues and priorities; effectively analyze and diagnose problems; provide clear advice and recommendations to help make sound business decisions
Ability to thrive in a fast paced and demanding environment, balancing competing priorities and multiple stakeholders

Benefits

Comp & perks

Health insurance
401(k) matching
Flexible work hours
Paid time off
Remote work options