Senior Compensation Analyst

CFG Bank, based in Baltimore, Maryland, is a leading financial institution serving the national healthcare and multifamily markets and the Mid-Atlantic region. As the 6th largest bank in Baltimore by deposits and the largest locally based, we've grown from $1 billion to over $5.5+ billion in assets by 2025. With over 30 years of expertise, we rank among the top five healthcare bridge-to-HUD lenders in the country. At CFG Bank, we redefine banking by blending big bank capabilities with personalized boutique service. Recognized as "Best Place to Work" by the Baltimore Business Journal in 2022, 2023 and 2024, our primary goal is making each team member feel choosing CFG Bank was their best career decision. Join us for professional growth and a positive work environment that sets CFG Bank apart.

Position Summary

The Senior Compensation Analyst will be responsible for leading the design, analysis, and administration of the organization’s compensation programs. This role involves developing and maintaining pay ranges, grading all positions, and creating policies that guide pay practices and promotional decisions. The Senior Analyst will serve as a subject matter expert, ensuring compensation strategies are competitive, equitable, and aligned with organizational goals. This position will partner with internal stakeholders to provide insights, influence decision-making, and drive compensation strategies that attract, retain, and reward top talent.

Compensation Strategy

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Design, implement, and maintain organization-wide salary structures, pay ranges, and job grading systems.
• Develop and oversee compensation policies, including pay adjustment guidelines, promotion standards, and internal equity frameworks.
• Lead the annual compensation planning cycle, including merit, LTI, and bonus programs.
• Administer and analyze equity compensation programs, ensuring alignment with company policies, market competitiveness, and regulatory compliance.
• Advise on compensation strategies to support workforce planning, talent acquisition, and retention.
• Provide strategic recommendations that align compensation programs with overall organizational goals and market competitiveness.
  
  

Market Analysis And Benchmarking

• Lead market analyses using advanced survey methodologies and benchmarking tools to ensure the organization remains competitive.
• Conduct pay equity studies and provide actionable recommendations to promote fairness and compliance.
• Monitor industry trends and labor market data to anticipate future compensation needs and opportunities.
• Serve as the primary advisor on compensation competitiveness and emerging best practices.
  
  

Compliance And Governance

• Ensure all compensation programs comply with federal, state, and local regulations (including FLSA, pay equity, and transparency laws).
• Develop, document, and maintain compensation policies and governance structures.
• Support executive reporting requirements, audits, and regulatory filings as needed.
• Promote transparency and consistency in pay practices through communication and training initiatives.
  
  

Advisory And Program Support

• Lead the job evaluation process, ensuring all positions are properly graded and aligned with pay ranges.
• Partner with internal stakeholders to create and maintain accurate, market-aligned job descriptions.
• Provide guidance on compensation decisions and employee offers.
  
  

Qualifications And Requirements

• Bachelor’s degree in Human Resources, Business Administration, Finance, or related field required
• Master’s degree or CCP (Certified Compensation Professional) a plus.
• 3 to 7+ years of experience in compensation, with demonstrated experience building pay ranges, grading structures, and policy frameworks.
• Deep knowledge of compensation principles, job evaluation methodologies, and pay equity practices.
• Proven experience advising and influencing compensation-related decision-making at a strategic level.
• Strong data analysis skills, with expertise in Excel and experience using compensation benchmarking tools and HRIS systems.
• Ability to interpret and apply federal, state, and local compensation laws and regulations.
• Exceptional communication, facilitation, and stakeholder management skills with the ability to translate complex analysis into actionable insights.
• High level of integrity, discretion, and judgment in handling sensitive compensation matters.
  
  

WORK ENVIRONMENT: We offer a hybrid schedule, with 4 days in-office and 1 day remote after the initial 90-day period.

Compensation Disclosure

In accordance with Maryland's Equal Pay for Equal Work Act, we are committed to providing transparent wage information for all posted job opportunities. The wage range for this position is $85,000 to $110,000 annually, plus discretionary performance-based bonus. Compensation is determined based on factors such as Experience, Qualifications, and Internal equity.

Benefits And Additional Compensation

Additionally, this position includes a comprehensive benefits package and other forms of compensation, including:

• Employer-provided health benefits: medical insurance, dental and vision insurance, disability insurance, life insurance, mental health support services, and wellness program
• Paid time off: vacation days, sick leave, volunteer days
• Retirement plan: 401(k) with employer match
• Other compensation elements: Discretionary annual bonus and overtime pay for nonexempt positions
  
  

EOE STATEMENT: CFG Bank is an Equal Opportunity Employer as to all protected groups, including protected veterans and individuals with disabilities. If you require accommodations during the application process, please contact [email protected].