Senior Compensation Consultant

Ameriprise Financial Services, LLC; Minneapolis (MN); Hybrid; USD 107,000 - 147,000; Full time

Job summary

Ameriprise Financial Services, LLC is seeking a Senior Compensation Consultant to shape compensation strategy for key businesses and partner with leaders to drive talent decisions. The role emphasizes market insights, equity, and governance, with a strong emphasis on collaboration across HR and business units.

The position requires 7+ years in compensation-related roles, exceptional analytical skills, and the ability to influence senior stakeholders.

Qualifications

• Bachelor's degree or equivalent experience.
• 7+ years of experience in compensation, total rewards, HR consulting, or a related field.
• Strong business acumen and experience advising leaders on complex workforce issues.
• Excellent analytical, problem-solving, and communication skills, with the ability to influence diverse stakeholders.
• Advanced Excel and data analysis capabilities.

Responsibilities

• Partner with business leaders to deliver market insights and compensation strategies.
• Advise on hiring, promotions, organizational changes, and retention.
• Lead market pricing and competitive analyses using survey data.
• Develop pay positioning and compensation structures balancing equity.
• Prepare analyses and presentations for senior leaders.
• Educate leaders on compensation philosophy and market dynamics.

Skills

Business acumen

Analytical thinking

Communication

Stakeholder influence

Advanced Excel

Education

Bachelor's degree or equivalent experience

Job description

About Our Company

We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

About Our Company

We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Job Description

Shape compensation strategy for some of Ameriprise's most critical businesses, including U.S. Wealth Management, RiverSource Insurance & Annuities, and Field Operations. As a Senior Compensation Consultant, you'll partner directly with business leaders to deliver market insights, solve complex workforce challenges, and influence talent decisions that attract, retain, and motivate top talent. We're seeking a strategic advisor with strong business acumen, executive presence, and the ability to build credibility and influence across all levels of the organization.

Key Responsibilities

• Partner with Business Leaders
• Serve as the primary compensation consultant for assigned business areas.
• Build trusted partnerships with business leaders and HR teams to understand priorities and translate them into practical compensation strategies.
• Advise on hiring, promotions, organizational changes, career progression, and retention.
• Deliver Market Intelligence and Strategic Analysis
• Conduct market pricing and competitive analyses using survey data and industry benchmarks.
• Analyze market and workforce trends to identify risks, opportunities, and emerging practices.
• Recommend pay positioning and compensation structures that balance competitiveness, internal equity, and business needs.
• Lead Compensation Projects and Initiatives
• Lead or support enterprise and business-specific compensation initiatives.
• Support annual compensation planning, pay program reviews, job evaluations, and career framework work.
• Improve compensation processes and program effectiveness.
• Support Executive and Leadership Decisions
• Prepare clear, decision-focused analyses and presentations for senior leaders and executive reviews.
• Develop recommendations that reflect business priorities, market competitiveness, internal equity, and governance.
• Educate and Influence
• Serve as a compensation subject matter expert and provide practical guidance to leaders, HR partners, and employees.
• Explain compensation philosophy, market dynamics, policies, and pay decisions in clear business terms.

Required Qualifications

• Bachelor's degree or equivalent experience.
• 7+ years of experience in compensation, total rewards, HR consulting, or a related field.
• Strong business acumen and experience advising leaders on complex workforce issues.
• Excellent analytical, problem-solving, and communication skills, with the ability to influence diverse stakeholders.
• Advanced Excel and data analysis capabilities.

Preferred Qualifications

• Compensation consulting experience in financial services or another complex, highly regulated industry.
• Experience with market pricing, salary structures, job evaluation, compensation surveys, and HR technology.
• Experience supporting leaders through organizational growth and change.
• Certified Compensation Professional (CCP) designation.

In-Office Collaboration

We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.

Visa Sponsorship

Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

Base Pay Salary

The estimated base salary for this role is $107,000 - $147,100 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Human Capital

Line of Business

HR Human Resources

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.

We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.