Job Description

Sr Compensation Consultant page is loaded Sr Compensation Consultant Apply remote type Hybrid locations Chicago, IL time type Full time posted on Posted 19 Days Ago job requisition id R142697 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 Consultant/Global Compensation We are seeking a Senior Compensation Consultant to join our Global Compensation team, with a dedicated focus on global compensation consulting. This strategic advisor will partner closely with HR Business Partners and senior business leaders to design, implement, and optimize compensation programs that attract, motivate, and retain top talent in highly competitive markets. The key responsibilities of the role include: • Serve as the primary compensation advisor for the Technology and Finance groups, understanding their business strategies and workforce dynamics. • Develop, recommend, and implement compensation strategies, including base salary structures, incentive programs, job evaluations, and market benchmarking. • Conduct complex compensation analyses, such as retention risk assessments, and modeling for merit and bonus planning. • Collaborate with Talent Acquisition, HRBPs, and business leaders to provide guidance on compensation offers, promotions, and internal mobility. • Monitor market trends and conduct regular benchmarking to ensure Northern Trust remains competitive in global labor markets. • Support the annual year-end compensation planning cycle, including merit, incentive, and equity planning for assigned business units. • Assist in the development and refinement of global compensation policies and frameworks to ensure compliance and alignment with business goals. • Partner with finance and legal teams to ensure regulatory compliance (e.g., FLSA, SEC disclosures, pay transparency laws). • Contribute to compensation-related projects, such as job architecture initiatives, career pathing, and the integration of new compensation tools and systems. Skills/ Qualifications: • Bachelor’s degree in Human Resources, Finance, Business Administration, or related field; Master’s or professional certification (CCP) preferred. • 7+ years of experience in compensation, financial services organizations preferred. • Strong knowledge of compensation theory, market pricing, incentive plan design, and relevant regulatory requirements. • Proficiency in Microsoft Excel and experience with compensation tools (e.g., Salary.Com, Workday, or similar). • Exceptional analytical skills with the ability to translate data into insights and actionable recommendations. • Effective communicator with strong stakeholder management and consulting skills. • Comfortable navigating ambiguity and working in a dynamic, global, matrixed environment. 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: $95,600 - 162,400 USD 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 andapply 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. Similar Jobs (3) Sr. Consultant, Derivatives locations Chicago, IL time type Full time posted on Posted 30+ Days Ago Sr Workday Consultant, Payroll remote type Hybrid locations 2 Locations time type Full time posted on Posted 30+ Days Ago Sr. Consultant- Risk Execution locations Chicago, IL time type Full time posted on Posted 3 Days Ago A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies. Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information. Equal Employment Opportunity Statements APAC/INDIA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance. EMEA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. USA EEO STATEMENT It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. #J-18808-Ljbffr Northern Trust

Job Tags

Full time, Work at office, Local area, Remote work, Worldwide, Flexible hours,

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