Full-Time

Head of Benefits & Compensation

Confirmed live in the last 24 hours

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Financial Services

Compensation Overview

$225.7k - $285kAnnually

Senior

New York, NY, USA

Hybrid position requiring in-office presence a couple of days per week.

Category
Human Resources
People & HR
Requirements
  • Experience leading people by setting direction, motivating, and developing teams to achieve their full potential.
  • Compensation acumen and ability to effectively articulate Rewards strategies holistically and proactively to stakeholders and employees.
  • A growth mindset, showcasing adaptability, creativity, and the capacity to pivot strategies in response to dynamic environmental conditions.
Responsibilities
  • Helps recommend, implement and oversee the Bank's total rewards strategy.
  • Leads a team that delivers benefits, recognition and compensation programs.
  • Works collaboratively with business areas and People and Engagement to create and deliver well-considered benefits and rewards solutions.
  • Optimizes benefits and rewards programs to help attract and retain employees, monitors for cost control and ensures market alignment.
  • Monitors trends, maintains knowledge of industry best practices and evaluates the success of the benefits and rewards programs.
  • Provides benefits, recognition and compensation subject matter expertise to enhance and elevate the rewards portfolio through identifying trends and opportunities and sharing best practices.
The Federal Reserve System

The Federal Reserve System

View

The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and ensuring financial stability. It formulates national monetary policy, which involves managing interest rates and money supply to promote economic growth and control inflation. Additionally, the Federal Reserve supervises and regulates banks and bank holding companies to maintain a safe and sound banking system. It also provides essential financial services to banks and the U.S. government. What sets the Federal Reserve apart from other financial institutions is its unique position as a government entity that operates independently to achieve its goals. The primary aim of the Federal Reserve is to foster a strong economy and a stable financial system, ultimately benefiting the public and the global economy.

Company Stage

N/A

Total Funding

N/A

Headquarters

null, null

Founded

N/A

Growth & Insights
Headcount

6 month growth

4%

1 year growth

4%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Working at the Federal Reserve offers the opportunity to contribute to significant economic policies that impact the global economy.
  • The Fed's diverse and inclusive work environment fosters creativity and innovation, providing room for personal and professional growth.
  • Employees benefit from a high-performance culture with meaningful responsibilities and a strong work-life balance.

What critics are saying

  • The Federal Reserve's involvement in controversial areas like crypto regulation and monetary policy can lead to public scrutiny and pressure.
  • The complexity and scale of its operations may result in slower adoption of new technologies, as seen with the FedNow system.

What makes The Federal Reserve System unique

  • The Federal Reserve System stands out as the central bank of the United States, wielding unparalleled influence over national monetary policy and financial stability.
  • Its role in supervising and regulating banks, alongside providing financial services to the U.S. government, sets it apart from other financial institutions.
  • The Fed's introduction of innovative systems like the FedNow instant payments platform highlights its commitment to modernizing financial services.

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