Compensation Analyst in Cleveland, OH at Key Bank- Corporate

Date Posted: 1/6/2020

Job Snapshot

  • Employee Type:
  • Location:
    100 Public Square
    Cleveland, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description


Under general supervision, assists with compensation program strategy, design, implementation, and administration. Collaborates with internal partners providing necessary tools and information in order to make informed decisions regarding compensation. Works on issues involving employee base pay, and short and long-term incentives.


  • Completes job evaluations, reviews job descriptions, and benchmarks internal positions. Recommends grade placements and compensation targets when appropriate. Performs annual market pricing reviews while developing understanding of client’s / industry strategy and understanding of our competition and how business works to inform recommendations.
  • Supports the analysis, design, and implementation of incentive plan designs. Partners with Finance, Human Resources, and Business Executives in the review and/or redesign of incentive compensation plans.
  • Participates in quarterly IC effectiveness process including review meetings with Finance, Risk and HR partners to evaluate IC plan effectiveness and appropriate balance of risk and reward in alignment with the enterprise Sound Compensation program.
  • Partners with HR and Finance on the annual compensation process. Completes analytics and presents findings to HR partners to ensure pay practices align with Key Compensation philosophy.
  • Analyzes compensation data in order to determine trends, anomalies, and gaps. Utilizes analytical insights to develop and present meaningful recommendations to business clients.
  • Maintains and keeps current job codes and market matches.
  • Assists with the analysis, design, and implementation of Key’s long-term incentive compensation program, including the process for annual grants and modeling the impact of any changes to design. May assist with other aspects of equity administration.
  • As necessary, assists with Key’s deferred compensation programs and vendor relationships.
  • Challenges the ‘status quo’ and is always looking for better and more innovative ways to solve problems.

  • Ensures compliance with relevant regulations and lawsand completes RCSA testing in GRC as necessary. Monitors legislative developments that relate to compensation.
  • As needed, supports the various Management & Board Committees.
  • Assists with development and execution of compensation communications. Supports the Total Rewards philosophy and framework.
  • Other duties as assigned.


Leadership: Regularly provides project management, or team leadership to a group of employees but does not have formal supervisory responsibility. Leading and directing is restricted to monitoring work and providing guidance on escalated issues. Most of work time is spent performing many of the same duties they are leading.

Critical Thinking / Analysis to Insights: Work is substantially complex, varied, and regularly requires the selection and application of technical and detailed guidelines. Independent judgment is required to identify, select, and apply the most appropriate methods as well as interpret precedent. Supervision received typically consists of providing direction on more complex projects and new job duties and
priorities. Abilitiy to independently solve problems and challenge the status quo.

Business Acumen: Strong business/financial knowledge; understands client’s / industry strategy; knows our competition and how business works. Continued growth of industry knowledge and practice.

Presentation Development & Delivery: Demonstrated presentation development; tailors message as needed; audience includes LOB clients, Key’s employees and management. Clear thinker and can communicate complex content.

Client Interaction / Relationship Building Skills: Developing relationship-building skills with mid to senior level management and cross-functional teams

Consulting / Influence: Demonstrating influencing skills through analytical insights and developing and presenting meaningful recommendations. Demonstrates ability to build trust and credibility.


  • Bachelor's degree or equivalent work experience
  • 3 years business experience; HR, Compensation or Finance experience preferred
  • Strong MS Excel and Powerpoint skills
  • Finance and business acumen
  • Strong analytical abilities
  • Strong organization skills with attention to detail
  • Able to operate in a matrixed environment, receiving direction from both direct manager and indirect Manager
  • Excellent interpersonal and communications skills, both verbally and written


KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.


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