Compensation Specialist - APAC, Senior Associate

State Street; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

State Street in Bengaluru is seeking a Compensation Analyst to support APAC compensation initiatives, leveraging Workday HCM to ensure data integrity and efficient processes. The role focuses on aligning compensation programs with regional business needs and participating in data-driven decisions.

The ideal candidate will have strong analytical skills, experience with large datasets, and effective communication with cross-functional teams to sustain reliable regional compensation operations.

Qualifications

• Bachelor’s degree in business, finance, mathematics, human resources, or related field.
• 6–8 years relevant work experience; prior financial services experience is a plus.
• Strong Excel and MS Office proficiency.
• Experience handling large data sets and reports.

Responsibilities

• Collaborate with regional HR teams to ensure compensation program design aligns with regional requirements.
• Develop understanding of business models, competitive positioning and growth opportunities; tailor strategies to regional needs.
• Perform regional compensation analysis, support day-to-day deliverables, benchmark market data, and maintain pay ranges for relevant job families.
• Support annual Total Compensation Planning (TCP) processes, including communications, analysis and workflow activities.
• Ensure implementation of broad-based compensation programs including long-term incentives, equity programs, and base pay structures.
• Perform data loads and audits in Workday to maintain data integrity.
• Produce knowledge transfer and documentation of TR processes.

Skills

Analytical skills

Data interpretation

Advanced Excel

MS Office

Attention to detail

Communication skills

Problem solving

Client service

Education

Bachelor’s degree

Tools

Workday HCM

Microsoft Office

Job description

Who Are We Looking For

The Compensation Analyst will be part of the APAC Compensation team and will focus on improving the efficiency of our regional organization through the use of technology and business process. The incumbent will be responsible for leveraging State Street’s Workday HCM system to ensure integrity, quality and effectiveness of compensation information and processes.

What You Will Be Responsible For

• Work collaboratively with the regional human resources team (Total Rewards, HRBPs and COEs) to ensure compensation program design complements all design and process initiatives across a complex matrix of requirements (various regulatory requirement, country regulations, etc.)
• Work closely with the Compensation team in developing a deep understanding of business models, competitive positioning and growth opportunities. Gain insight into the regions unique business needs. Understand country-specific strategies.
• Regional compensation analysis and support of day-to-day management of deliverables, market data benchmarking, developing and maintaining pay ranges for relevant job families, and supporting offers and other compensation business processes.
• Provide regional support, as applicable, as part of the annual compensation review (Total Compensation Planning “TCP”), including communication, analysis and workflow activities.
• Ensure the flawless implementation of broad-based compensation programs including long term incentives, equity programs, perquisites, job structures, salary structures, base pay and annual bonus programs for a complex corporation.
• Perform standardized audits and data loads into Workday in order to maintain a high degree of data
• Assist with broadening internal knowledge of Compensation activities through knowledge transfer training and documentation; ensure documentation is current on all new and existing TR processes

The Individual

• Exceptional analytical skills and experience working with large complex data sets and reports.
• Highly organized with the ability to pay persistent attention to detail
• Knowledge of standard Microsoft Office tools with advanced Excel skills.
• Effective written and verbal communication skills
• Problem solving skills as seen through the ability to apply systems/workflow thinking to solve business issues within HR practices.
• Experience interpreting data and presenting information and findings.
• Strong focus on client service delivery and building relationships, both internal and external Information Classification: General Information Classification: Limited Access
• Ability to think strategically, prioritize and execute flawlessly. Innovative and astute with a good measure of common sense and sound judgement;
• Self-starter with a strong ability to work effectively with client and team members, balance multiple work streams and meet all deadlines

Education And Experience

• Bachelor's degree in business, finance, mathematics, human resources, or related field
• 6-8 years relevant work experience; prior financial services experience will be an added advantage

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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Job ID: R-795908