Senior Compensation Consultant
Location
Pasadena, CA | United States
Job description
Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.
Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.
We are currently seeking a Senior Compensation Consultant. The Senior Compensation Consultant reports to the Director of Compensation. This position provides compensation consulting services to our internal customers on a variety of issues. In partnership with other Human Resources team members, this position combines development and administration of company-wide compensation programs with direct support for executives and managers. This is an individual contributor in the compensation and performance management function and requires exceptional consultative, analytical and influencing skills along with a strong customer service orientation.
- Lead job evaluation processes to determine the relative value of different positions within the organization.
- Actively participate in the administration and communication of compensation activities including annual performance review and compensation planning cycle, sales incentive plan, system implementation, and process improvement as needed.
- Develop and implement incentive and bonus programs tied to performance metrics.
- Design and/or maintain salary structures that are fair, internally equitable, and externally competitive. Work with HR business partners to develop and maintain the job architecture – identification of job families and job levels, benchmarking to salary surveys, conducting compensation analyses, and developing communication.
- Participate in the salary benchmark survey, conduct regular market analysis to ensure the competitiveness of the organization's compensation packages, and proactively provide the analysis of market trends with recommendations.
- Conduct comprehensive pay equity analyses to identify and address any potential disparities based on gender, race, or other relevant factors.
- Stays abreast of federal, state, and local compensation and payroll ordinances and Bank regulatory requirements ensuring Bank compliance.
- Work with Director of Compensation and HR business partners on a variety of projects, including program design, analysis, budgeting, executive compensation, and implementation of new programs as needed.
- Performs other duties as assigned.
- Bachelor’s Degree in Finance, Business, Human Resources or relevant field of study
- 7+ years professional level broad compensation experience including drafting job descriptions, evaluating jobs, participating in compensation surveys as well as managing salary grades, job families, career ladders and related compensation policies, programs and procedures
- Exceptional knowledge of Excel and extremely strong analytical and quantitative skills and ability to work independently in a fast-paced and rapidly changing environment
- Highly detailed driven with emphasis on accuracy, coupled with the ability to see the broader picture
- Strong interpersonal skills – including excellent written and oral communication skills
- Experience with job structure design preferred
- Banking industry compensation experience is beneficial
License/Certification:
- Certified Compensation Professional (CCP) preferred
This role can be a senior consultant level or lead level depending on years of relevant experience.
The base pay range for this position is USD $67,000.00/Yr. - USD $150,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.
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