Job Description

Senior Compensation Consultant

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Role/Department: Senior Compensation Consultant/Global Compensation

We are seeking a Senior Compensation Consultant to join our Global Compensation team, with a dedicated focus on global compensation consulting. This strategic advisor will partner closely with HR Business Partners and senior business leaders to design, implement, and optimize compensation programs that attract, motivate, and retain top talent in highly competitive markets.

The key responsibilities of the role include:

• Serve as the primary compensation advisor for the Technology and Finance groups, understanding their business strategies and workforce dynamics.
• Develop, recommend, and implement compensation strategies, including base salary structures, incentive programs, job evaluations, and market benchmarking.
• Conduct complex compensation analyses, such as retention risk assessments, and modeling for merit and bonus planning.
• Collaborate with Talent Acquisition, HRBPs, and business leaders to provide guidance on compensation offers, promotions, and internal mobility.
• Monitor market trends and conduct regular benchmarking to ensure Northern Trust remains competitive in global labor markets.
• Support the annual year-end compensation planning cycle, including merit, incentive, and equity planning for assigned business units.
• Assist in the development and refinement of global compensation policies and frameworks to ensure compliance and alignment with business goals.
• Partner with finance and legal teams to ensure regulatory compliance (e.g., FLSA, SEC disclosures, pay transparency laws).
• Contribute to compensation-related projects, such as job architecture initiatives, career pathing, and the integration of new compensation tools and systems.

Skills/Qualifications:

• Bachelor's degree in Human Resources, Finance, Business Administration, or related field; Master's or professional certification (CCP) preferred.
• 7+ years of experience in compensation, financial services organizations preferred.
• Strong knowledge of compensation theory, market pricing, incentive plan design, and relevant regulatory requirements.
• Proficiency in Microsoft Excel and experience with compensation tools (e.g., Salary.Com, Workday, or similar).
• Exceptional analytical skills with the ability to translate data into insights and actionable recommendations.
• Effective communicator with strong stakeholder management and consulting skills.
• Comfortable navigating ambiguity and working in a dynamic, global, matrixed environment.

Working Model: Hybrid (#LI-Hybrid) We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Salary Range: $95,600 - 162,400 USD

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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