East West Bank

Senior Compensation Consultant

East West Bank$75K — $140K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s Degree in Finance, Business, Human Resources, or related field
  • 5+ years of broad compensation experience
  • Expertise in Excel with strong analytical skills
  • Detail-oriented with a strategic view
  • Excellent communication and interpersonal skills
  • Proven ability to manage multiple projects
  • Experience in banking compensation is a plus, CCP certification beneficial

Responsibilities

  • Lead the administration of performance and compensation programs including annual reviews
  • Conduct compensation analyses for hiring, promotions, and retention
  • Participate in salary benchmark surveys and market analysis
  • Ensure compliance with compensation regulations and payroll ordinances
  • Collaborate with the Director of Compensation and HR on program design
  • Continuously improve compensation processes and best practices
  • Perform additional related duties as needed

Benefits

  • Opportunity to influence compensation strategy at a bank
  • Work with experienced professionals in HR and Compensation
  • Engagement with cross-functional teams on strategic projects
  • Dynamic and fast-paced work environment
  • Emphasis on professional development and continuous improvement
Full Job Description
Overview

We are currently seeking a Senior Compensation Consultant to lead the development, analysis, and implementation of the Bank’s performance and compensation programs that align with our business objectives. This position is reported to the Director of Compensation and will be responsible for conducting in-depth compensation analyses, supporting salary structures, managing incentive programs, and ensuring compliance with compensation regulations. This is an individual contributor in the compensation function and requires exceptional consultative, analytical and influencing skills along with a strong customer service orientation.

Responsibilities
  • Actively participate in the administration and communication of Bank’s performance and compensation activities including annual performance review and compensation planning cycle, sales incentive plan, system implementation, and process improvement as needed
  • Conduct compensation analyses to support hiring, promotions, internation transfer, and retention strategies which are market competitive and internally aligned
  • 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.
  • 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, and implementation of new programs as needed.
  • Continuously improve compensation processes, systems, and best practices
  • Performs other duties as assigned
Qualifications
  • Bachelor’s Degree in Finance, Business, Human Resources or relevant field of study
  • 5+ 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
  • Ability to manage multiple projects and collaborate with cross-functional teams
  • Banking industry compensation experience is beneficial and Certified Compensation Professional (CCP) is a plus
CompensationThe base pay range for this position is USD $75,000.00/Yr. - USD $140,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

About East West Bank

East West Bank is a bank based in California that provides personal and commercial banking services. The bank was founded in 1973 and has grown to become one of the largest banks in the United States. East West Bank has over 120 locations in the United States and China, and offers a range of financial products and services to its customers. The bank is committed to providing excellent customer service and helping its customers achieve their financial goals.
Learn more about East West Bank
Size
3,100 employees
Market Cap
$9 billion
Industry
Net Income
$567.8 million
Founded
1998
5 Year Trend
+7.3%
NASDAQ

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