What are the responsibilities and job description for the Compensation Specialist position at Stifel?
Why Stifel:
While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let’s talk about how you can find your place here at Stifel, where success meets success.
At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
Stifel is an Equal Opportunity Employer.
Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.
What You'll Be Doing:
The Compensation Specialist is responsible for administering company compensation programs and maintaining compensation systems, procedures, and controls consistent with the Firm's policies and practices. This position works with the HR department and leadership to manage job descriptions while acting as a subject matter expert and point of contact for compensation solutions. The Specialist will also analyze market data, price jobs, and assign jobs to the appropriate salary grade.
What We're Looking For:
- Collaborates with managers, directors, business partners, and talent acquisition to design, develop, and maintain skill-based job descriptions.
- Educate managers and employees and answer questions about the organization's compensation programs.
- Gather and document job, organizational, and occupational information, including duties, responsibilities, and skills required by each job.
- Benchmark base salary and salary compensation programs while ensuring the Firm's competitive position.
- Develop training and documentation related to employee compensation.
- Ensure compliance with all appropriate federal, state, and local laws and regulations.
- Conduct the annual review of pay structures, including market analysis and benchmark job calibration.
- Conduct periodic compensation audits and prepare and present reports.
- Maintain and update the database of all job descriptions according to standard functional areas, maintain and design various tools and templates for HR departments, and ensure adherence to FLSA and equal pay.
- Performs regulatory audits.
- Participate in compensation surveys, review salary survey reports, and act as the point of contact for survey vendors.
- Solid knowledge of compensation administration, legislation, and compliance.
- Excellent oral and written communication, presentation, and facilitation skills.
- Significant amount of organization and the ability to multi-task.
- Ability to work as part of a team, as well as independently.
- Strong interpersonal and communication skills.
- Ability to multi-task efficiently and to be flexible with ever-changing priorities and deadlines.
- Minimum Required: Bachelor's degree in a related field or equivalent experience.
- Minimum Required: 2 years of experience as a Specialist in Human Resources.
- Proficient in Microsoft 365.
- Familiarity with compensation systems is preferred.
Stifel is more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.
While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let’s talk about how you can find your place here at Stifel, where success meets success.
At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
Stifel is an Equal Opportunity Employer.
