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Job Information

BMO Financial Group Senior Compensation Analyst in Chicago, Illinois


111 W Monroe - 115 S LaSalle

Job Family Group:

Human Resources


Market Survey Process and Market Analysis

  • Under the guidance of the Senior Compensation Relationship Manager, coordinate and project manage the market data survey collection process. Includes timely preparation of the survey matching tools and working in partnership with Human Resources business partners to ensure job matching is completed and submitted on schedule, uploading survey submission data to the appropriate central technology database and managing appropriately.

  • Upload market data results into standard technology database and initiate market analysis through existing technology dataset. Review preliminary data results with more senior members of the Compensation team and validate the statistical integrity of the data. Prepare preliminary conclusions and recommendations and identify issues for consideration.

Variable Pay Funding and Forecasting, Base Pay Costing Analysis

  • Under the guidance of the Senior Compensation Relationship Manager and/or more senior members of the Compensation team, manipulate data and prepare funding/forecasting models using established models. Liaise with internal partners/resources (e.g., Finance, HR business partners) to ensure timely sharing of required information for analysis and reporting. Prepare preliminary funding results, provide observations and monitor all relevant funding and forecasting impacts including variance to plan. Review model with Senior Compensation Relationship Manager for respective banking group.

  • Undertake various scenarios of the annual base pay cost modeling for the respective banking group, as directed.

Provides compensation analytical support to the US Compensation Team. Supports the strategic direction, governance, program design and execution of compensation programs at BMO. Completes specific strategic & operational work to deliver program objectives and/or minimize risk.

  • Provides analytical support & recommends program solutions, including manipulating data, preparing funding & forecasting models, preparing scenarios, developing preliminary results and monitoring variances to plan for various total reward programs.

  • Provides input into the planning and implementation of operational programs.

  • Provides input into the planning & implementation of operational programs.

  • Breaks down strategic problems, and analyses data and information to provide insights and recommendations. Gathers and formats data into regular and ad-hoc reports, and dashboards.

  • Supports regulatory requests, including regulatory reporting, to ensure BMO meets regulatory requirements in applicable jurisdictions.

  • Participates in / coordinates industry benchmarking processes that allow for better understanding of BMO’s program in relation to comparators.

  • Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.

  • Focus may be on a business/group.

  • Thinks creatively and proposes new solutions.

  • Exercises judgment to identify, diagnose, and solve problems within given rules.

  • Works mostly independently.

  • Broader work or accountabilities may be assigned as needed.


  • Undergraduate degree with 2-3 years analytical experience, preferably in Compensation/Human Resources, Finance or equivalent

  • Advanced proficiency in Microsoft Office applications, especially Excel

  • Intermediate to advanced proficiency in PowerPoint and PeopleSoft

  • Experience in statistical analysis and survey techniques

  • Experience with a market pricing tool

  • Innovative, creative, proactive self-starter, capable of managing complex multi-task assignments simultaneously

  • Solid analytical and communication skills

We’re here to help

At BMO Harris Bank we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO Harris Bank team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmoharris.com.

BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

BMO Financial Group Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.