Senior Associate, Compensation

Posted 15 Days Ago
Be an Early Applicant
Chicago, IL
Mid level
Big Data • Cloud • Fintech • Information Technology • Financial Services
We clear and settle trades for the options industry.
The Role
The Senior Associate, Compensation role involves developing and implementing compensation philosophies and practices, analyzing data for market competitiveness, partnering with HR functions, and defining compensation plans. Responsibilities include job evaluations, managing salary surveys, designing compensation programs, and improving processes.
Summary Generated by Built In

What You'll Do:

This role will help to drive the development and implementation of our compensation philosophy, policies, and practices, while supporting our efforts to attract and retain the best talent available. This position will analyze internal and external data to ensure our market competitiveness and internal equity. Partner with other HR functions including Talent Management and Talent Acquisition to support business growth and change at The OCC. Help define and administer our compensation plans, challenge assumptions, and drive change.

Primary Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

  • Conduct job evaluations and analyze survey data to market price exempt and non-exempt roles

  • Partner with Talent Acquisition and other teams to structure new hire offers and advise on internal transfers and promotions

  • Manage and complete all compensation salary survey submissions, and analyze annual survey data as it is published

  • Assist in the design of compensation programs and policies, including modeling financial costs and drafting communication materials

  • Partner with HRIS to ensure compensation data integrity for all related processes

  • Help manage Compensation review processes for the firm, including process planning, testing, communications, administration, and reporting

  • Administer employee recognition programs

  • Partner with HR and business leaders to identify trends, develop new programs, and model the impact of changes

  • Proactively identify and drive opportunities for process improvement

Supervisory Responsibilities:

None

Qualifications:

The requirements listed are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.

  • [Required] Comfortable analyzing large data sets and presenting results that tell a clear and compelling story

  • [Required] Strong Excel and data organization skills; comfortable with advanced formulas (e.g. IF statements, VLOOKUP), pivot tables, and macros

  • [Required] Strong prioritization skills; ability to handle multiple, time-sensitive projects while focusing on high quality of work; juggles competing deadlines effectively

  • [Required] Thinks multiple steps ahead; prepares for potential problems and escalates issues when appropriate

  • [Required] Strong communication skills and the ability to convey analytical concepts clearly to peers and management

Technical Skills:

  • [Required] Proficient with Microsoft Excel

  • [Preferred] HRIS experience (Workday)

  • [Preferred] MarketPay experience

Education and/or Experience:

  • [Required] Bachelor’s degree in Human Resources or Business, or related field

  • [Required] 3+ years of relevant work experience

Certificates or Licenses:

  • None required

Who We Are

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.

What We Offer

A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:

A hybrid work environment, up to 2 days per week of remote work

Tuition Reimbursement to support your continued education

Student Loan Repayment Assistance

Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely

Generous PTO and Parental leave

Competitive health benefits including medical, dental and vision

Salary Range

77,400.00 - 92,300.00 - 107,300.00 USD Annual

Incentive Range

6% to 10%

Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.  

Step 2
You will receive an email notification to confirm that we've received your application.

Step 3
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location. 

For more information about OCC, please click here.

OCC is an Equal Opportunity Employer

Top Skills

Excel

What the Team is Saying

The Company
HQ: Chicago, IL
1,033 Employees
Hybrid Workplace
Year Founded: 1973

What We Do

As the foundation for secure markets, OCC is a customer-driven organization that delivers world-class Risk Management, Clearing, and Settlement Services for a sophisticated mix of financial products that includes standard options, stock loans, and futures contracts.

Why Work With Us

We're bound together by values and behaviors that shape the way we work and live, from team projects to after-hours events and to making a difference in our communities. OCC colleagues thrive in an atmosphere of intellectual curiosity, creative problem-solving and effective interaction.

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OCC Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

A hybrid work environment, up to 2 days per week of remote work

Typical time on-site: 3 days a week
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HQChicago, IL
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