Compensation Analyst Senior

Associated Bank; Illinois; On-site; USD 80,000 - 138,000; Full time

Benefits offered by this job

401(k) and Pension plans

Paid time off to volunteer

Diversity-focused Colleague Resource G

Competitive salaries and development

Bonus benefits and wellbeing programs

Personal banking, loan, investment and

Job summary

Associated Bank is seeking a Senior Compensation Analyst to shape and govern compensation programs across the enterprise. You will partner with HR, Finance, Risk, Legal, and business leaders to design data-driven strategies, incentive plans, and governance support.

You will develop financial models, analyze market data, and manage compensation systems to deliver competitive pay programs while ensuring regulatory compliance and risk management.

Qualifications

• Bachelor's degree in Human Resources, Finance, Business Administration, or a related field.
• 5+ years of experience administering and analyzing compensation programs.
• Experience developing financial models, market analyses, and compensation recommendations.
• Strong analytical, project management, communication, and problem-solving skills.
• Experience working with compensation systems and Microsoft Excel.

Responsibilities

• Analyze compensation programs, market data, and financial models to support competitive, equitable, and business-aligned pay practices.
• Partner with HR Business Partners and business leaders to provide compensation guidance, recommendations, and consultative support.
• Develop incentive compensation analyses, financial models, and scenario planning to evaluate plan effectiveness and business impact.
• Manage compensation data, reporting, and system administration across platforms such as Workday, Payfactors, and other compensation tools.
• Coordinate annual compensation planning activities, including salary, bonus, equity, and incentive compensation processes.
• Prepare governance materials, plan documentation, and committee presentations while supporting regulatory compliance and enterprise risk management.
• Collaborate with Finance, Legal, Risk, HR, and business stakeholders to implement compensation initiatives and continuous process improvements.

Skills

Compensation analysis

Data modeling

Stakeholder collaboration

HR policy knowledge

Problem solving

Education

Bachelor's degree in HR/Finance/Business Admin

Tools

Workday

Payfactors

Excel

Job description

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.

Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process. Associated Bank conducts a thorough background check on all new hires.

Role Summary

Join Associated Bank as a Senior Compensation Analyst and play a key role in shaping compensation programs that attract, retain, and reward top talent. In this role, you'll partner with leaders across HR, Finance, Risk, Legal, and business lines to deliver data-driven compensation strategies, incentive plan design, and governance support. This is an excellent opportunity to influence enterprise-wide compensation programs while expanding your expertise in Total Rewards.

Key Accountabilities

• Analyze compensation programs, market data, and financial models to support competitive, equitable, and business-aligned pay practices.
• Partner with HR Business Partners and business leaders to provide compensation guidance, recommendations, and consultative support.
• Develop incentive compensation analyses, financial models, and scenario planning to evaluate plan effectiveness and business impact.
• Manage compensation data, reporting, and system administration across platforms such as Workday, Payfactors, and other compensation tools.
• Coordinate annual compensation planning activities, including salary, bonus, equity, and incentive compensation processes.
• Prepare governance materials, plan documentation, and committee presentations while supporting regulatory compliance and enterprise risk management.
• Collaborate with Finance, Legal, Risk, HR, and business stakeholders to implement compensation initiatives and continuous process improvements.

Education & Experience

Required

• Bachelor's degree in Human Resources, Finance, Business Administration, or a related field, or an equivalent combination of education and experience.
• 5+ years of experience administering and analyzing compensation programs.
• Experience developing financial models, market analyses, and compensation recommendations.
• Strong analytical, project management, communication, and problem-solving skills.
• Experience working with compensation systems and Microsoft Excel.

Preferred

• Certified Compensation Professional (CCP) certification or the ability to obtain within 3–5 years.
• Certified Sales Compensation Professional (CSCP) certification or the ability to obtain within 3–5 years.
• Experience supporting incentive compensation plan design, governance, and administration.
• Experience with Workday Compensation, Payfactors, or similar compensation platforms.

Why You'll Love Working Here

At Associated Bank, you'll join a collaborative team that values innovation, continuous learning, and meaningful partnership across the organization. You'll have opportunities to influence enterprise compensation strategies, work alongside experienced Total Rewards professionals, and contribute to programs that support our colleagues and business success.

We welcome and encourage applications from all qualified parties, including but not limited to people returning to the workforce, people with disabilities, those without a college degree, and veterans or those with military experience.

In addition to core traditional benefits, we take pride in offering benefits for every stage of life.

• Retirement savings including both 401(k) and Pension plans.
• Paid time off to volunteer in your community.
• Opportunities to connect with others through our diversity-focusedColleague Resource Groups.
• Competitive salaries with professional development and advancement opportunities.
• Bonus benefits including well-being programs and incentives, parental leave,anemployee stock purchase plan, military benefits and much more.
• Personal banking, loan, investmentand insurance benefits.

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest.Join our community onFacebook,LinkedInandX.

Compliance Statement

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.

Responsible to report ethical concerns as needed to Associated Bank’s anonymous Ethics Hotline.

Associated Bank provides additional assistance throughout the application, interview and hiring process. Please contact [e-mail] if you need an accommodation at any time during the process.

Associated Banc-Corp participates in the E-Verify Program. E-Verify Notice English or Spanish. Know Your Right to Work English or Spanish.

Associated Bank is Pay Transparency compliant.

The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including, but not limited to, work location, skills, experience, education, and qualifications for the role.

For certain positions, total compensation may also include incentive, commission, or bonus opportunities not reflected in the posted base pay range.

$80,290.00 - $137,640.00 per year