Senior Compensation Analyst — Total Rewards & Governance

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

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.