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Full Job Description
Company
Federal Reserve Bank of New York
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:
As part of the People & Engagement Group, the People Rewards Function focuses on developing an integrated total rewards strategy to attract, motivate, and retain an engaged and productive workforce. The team is responsible for compensation, recognition, rewards, health & wellness, benefits, and work-life programs. In addition to Federal Reserve System benefits, People Rewards continues to build approaches that enhance the New York Fed’s ability to become an employer of choice.
The New York Fed is looking for a Total Rewards Partner who will help us reinforce our commitment to our people by supporting an innovative and future-focused benefits and compensation strategy. You will build, support and continuously improve upon programs for our people. You are a compassionate and inclusive professional who brings curiosity and creative thinking to your daily work.
Reporting to the Head of Benefits & Recognition, you will be an important member of a small team in which your experience and expertise will be leveraged to operationalize and deliver programs to reward and engage our unique 3,100 employees.
Are you ready to make a positive difference for an organization that makes our economy stronger and the financial system more stable for all segments of society? If so, we can’t wait to meet you!
Your role as a Total Rewards Partner:
Ensures Rewards offerings are comprehensive, competitive and lead to a positive user experience, incorporates findings and trends into programmatic work.
Provides programmatic guidance and consultation. Educates and influences leaders and employees about Rewards programs by responding to questions, hosting regular education sessions and developing communication campaigns in collaboration with Internal Communications and Branding teams.
Develops mechanisms to collect feedback related to Total Rewards programming.
Leads projects and initiatives and other HR programs that contribute to overall strategy of the Group and the organization.
Provides program ownership to Benefits and Recognition teams, fluent in day-to-day operations, employee and manager inquiry management, and ongoing daily compensation and benefits work.
Independently utilizes Workday functionality and reporting to troubleshoot and gather analytics needed to manage plans effectively and make plan design recommendations.
What we are looking for:
Workday experience to perform reporting and troubleshooting as it relates to Benefits and Recognition is preferred.
Previous experience as a Total Rewards Analyst, Benefits Associate, Compensation Analyst Preferred
Strong communication and presentation experience.
Salary Range: $164400 – $205500 / year
Touchstone Behaviors set clear expectations for leading with impact at every stage of our careers and aspire to achieve in our continued growth and development.
Communicate Authentically: Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank’s work forward.
Collaborate Inclusively: Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results.
Drive Progress: Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes.
Develop Others: Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment.
Take Ownership: Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.
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 Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
The successful candidate must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, unless the Bank grants an exemption based on a medical condition or sincerely held religious belief.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Human Resources
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
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