Compensation Operations Analyst

Compensation Operations Analyst

The Compensation Operations Analyst at Millennium will support the firm's compensation processes, by ensuring accuracy, compliance, and efficiency in payment operations. The ideal candidate will play a key role in managing compensation data, performing data audits, and collaborating with cross-functional teams to deliver seamless payment instructions on a global scale. This function requires liaising with other departments such as Trading, Finance, Legal, and will also involve providing support to other HR functions.

They will be hired to support the Compensation team in a variety of areas; particularly focused on providing operational support global one-time payment processing, and the administration of Millennium's deferred compensation program.

Principal Responsibilities

• Maintain and update one-time payment data records in the Payment Management Center (PMC) and Deferred Compensation system.
• Perform data audits by reviewing / auditing employment agreements to ensure data accuracy.
• Manage Payment Operations mailbox requests, ensuring timely responses and resolution of queries.
• Track changes related to compensation payments in PMC and schedule payments in Workday / liaise with Payroll teams / HRBPs as needed.
• Reach out to employees to collect / validate proof of forfeiture where required for payment processing.
• Perform replacement compensation valuations based on documentation received.
• Administration of replacement compensation / year-end deferred compensation grants; including entering new grants into iTrack and managing the forfeiture / withdrawal process
• Administration of USD payments / election in accordance with the firm's currency election policy.
• Assist in the implementation and delivery of various compensation transformation projects.
• Prepare and update process documentation to ensure clarity, consistency, and compliance with organizational standards.

Qualifications / Skills Required

Skills Required

Excel, Workday, Service Now