What are the responsibilities and job description for the Compensation Operations Consultant position at Ameriprise Financial Services, LLC?
Looking to join a dynamic, global Compensation team? Ameriprise Financial has a great new opportunity as a Compensation Operations Consultant! As the Compensation Operations Consultant, you will partner and consult with HR Business Partners and business leaders to proactively identify, develop, and implement compensation strategies and solutions to achieve business goals. This includes leveraging compensation data, tools and applications and providing subject matter expertise to translate analysis into easily understood recommendations or observations.
Key Responsibilities
Consult with HR business partners and leaders on all compensation programs and practices that pertain to the line of business supported. Identify, develop, and implement recommendations and solutions for leaders that address business-specific challenges and align with the company's compensation philosophy. Provide guidance on compensation actions for new hires, internal transfers, and promotions.
Participate in, and in some cases lead, the design of special incentive programs, including sales incentive plans, that are competitive and aligned with business strategies and objectives. Partner with finance to ensure plans are cost effective and assist with implementation, communication and administration of special incentive programs. Monitor ongoing effectiveness of plan designs and ensure special incentive programs are administered accurately.
Partner with other compensation team members on initiatives that cross organizational boundaries or have implications outside immediate area of responsibility, providing leadership and expertise within specialized area(s).
Act as a lead or key contributor for compensation processes or systems, including benchmarking, evaluation of new and existing jobs, ad hoc analyses, communications, and planning for the annual compensation cycle. Participate as a team member in special compensation projects and/or key HR initiatives. May coach and mentor Compensation Analysts.
Lead the development and delivery of compensation education and training to HR colleagues, leaders, and employees through both formal training sessions or one-on-one discussion/consultation. Develop communication plans related to new or changed compensation programs, including annual year-end compensation materials.
Participate in and/or lead the completion of a number of annual compensation surveys. Conduct proactive competitive analysis and recommend updates as necessary in line with market trends and findings.
Required Qualifications
Bachelor's degree or equivalent.
5 years of relevant experience.
Excellent analytical skills and detail oriented.
Demonstrated Experience In Providing Consultation And Compensation Program Management.
Good relationship and communication skills, both verbal and written.
Ability to collaborate effectively on solutions to business issues.
Ability to work independently in a location that will be remote from rest of team, but also to exercise good judgment on when collaboration.
High proficiency with Microsoft Excel and proficiency in Microsoft Word and PowerPoint.
Preferred Qualifications
Certified Compensation Professional (CCP)
Financial Services industry experience.
Proficiency with Workday, MarketPay and other reporting tools.
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Base Pay Salary
The estimated base salary for this role is $91,600 - $123,700 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Human Capital
Line of Business
HR Human Resources
Key Responsibilities
Consult with HR business partners and leaders on all compensation programs and practices that pertain to the line of business supported. Identify, develop, and implement recommendations and solutions for leaders that address business-specific challenges and align with the company's compensation philosophy. Provide guidance on compensation actions for new hires, internal transfers, and promotions.
Participate in, and in some cases lead, the design of special incentive programs, including sales incentive plans, that are competitive and aligned with business strategies and objectives. Partner with finance to ensure plans are cost effective and assist with implementation, communication and administration of special incentive programs. Monitor ongoing effectiveness of plan designs and ensure special incentive programs are administered accurately.
Partner with other compensation team members on initiatives that cross organizational boundaries or have implications outside immediate area of responsibility, providing leadership and expertise within specialized area(s).
Act as a lead or key contributor for compensation processes or systems, including benchmarking, evaluation of new and existing jobs, ad hoc analyses, communications, and planning for the annual compensation cycle. Participate as a team member in special compensation projects and/or key HR initiatives. May coach and mentor Compensation Analysts.
Lead the development and delivery of compensation education and training to HR colleagues, leaders, and employees through both formal training sessions or one-on-one discussion/consultation. Develop communication plans related to new or changed compensation programs, including annual year-end compensation materials.
Participate in and/or lead the completion of a number of annual compensation surveys. Conduct proactive competitive analysis and recommend updates as necessary in line with market trends and findings.
Required Qualifications
Bachelor's degree or equivalent.
5 years of relevant experience.
Excellent analytical skills and detail oriented.
Demonstrated Experience In Providing Consultation And Compensation Program Management.
Good relationship and communication skills, both verbal and written.
Ability to collaborate effectively on solutions to business issues.
Ability to work independently in a location that will be remote from rest of team, but also to exercise good judgment on when collaboration.
High proficiency with Microsoft Excel and proficiency in Microsoft Word and PowerPoint.
Preferred Qualifications
Certified Compensation Professional (CCP)
Financial Services industry experience.
Proficiency with Workday, MarketPay and other reporting tools.
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Base Pay Salary
The estimated base salary for this role is $91,600 - $123,700 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Human Capital
Line of Business
HR Human Resources
Salary : $91,600 - $123,700
