Compensation Manager

milbank· Human Resources/Benefits/Legal Personnel
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📍 New York City, USOTHER

About this role

Overview

Position Summary: 

The Compensation Manager oversees the design, administration, analysis, and evaluation of the Firm’s compensation programs. This role partners with HR and Firm leadership to support competitive, equitable, and compliant pay practices, and provides data-driven guidance on compensation strategy, salary structures, market competitiveness, and pay decisions. The Compensation Manager also leads core compensation planning activities, including job evaluations, benchmarking, annual merit and bonus processes, incentive programs, and pay equity analysis.

 

Scope: 

This role serves as the Firm’s compensation subject matter expert, maintaining compensation policies, leading compensation-related projects, managing salary survey participation, and delivering insights that support workforce planning and informed compensation decisions.

 

Responsibilities: 

  • Lead annual compensation planning processes, including merit increases, promotions, bonuses, and incentive programs.
  • Ensure compliance with federal, state, and local compensation regulations, including pay transparency and pay equity requirements.
  • Conduct market analyses and develop data-driven compensation recommendations for HR and Firm leadership.
  • Oversee compensation benchmarking, survey participation, job evaluation, salary structures, pay administration, and related policies.
  • Manage compensation processes and data governance in Workday, including reporting, controls, and audits.
  • Advise on compensation matters related to hiring, promotions, transfers, market adjustments, and other pay actions.
  • Support compensation budgeting, forecasting, and cost-impact analysis based on market competitiveness, internal equity, and financial objectives.
  • Lead compensation projects, process improvements, and stakeholder communications in partnership with HR and business leaders.

Knowledge, Skills, and Abilities: 

  • Bachelor’s degree in Human Resources, Finance, Business, or a related field preferred.
  • Apply strong knowledge of compensation principles and practices, including market pricing, salary structures, job evaluation, annual compensation programs, and pay equity analysis.
  • Analyze complex compensation data and translate findings into clear, actionable recommendations.
  • Use advanced Excel, Workday, and data-management skills to support reporting, analysis, and process execution.
  • Communicate effectively with varied audiences across the Firm, including HR, business leaders, and other stakeholders.
  • Manage multiple priorities and deadlines with strong project management, organizational, and follow-through skills.
  • Exercise sound judgment, discretion, and attention to detail while working independently and collaboratively.
  • Use compensation survey platforms to support benchmarking and market analysis.

 

Candidate must have 5–8 years of progressive compensation experience, including experience leading compensation programs or projects.

 

Demonstrated experience with annual compensation cycles and bonus program management is required. Experience advising HR and leadership on compensation decisions is preferred.

Responsibilities

  • Lead annual compensation planning processes, including merit increases, promotions, bonuses, and incentive programs.
  • Ensure compliance with federal, state, and local compensation regulations, including pay transparency and pay equity requirements.
  • Conduct market analyses and develop data-driven compensation recommendations for HR and Firm leadership.
  • Oversee compensation benchmarking, survey participation, job evaluation, salary structures, pay administration, and related policies.
  • Manage compensation processes and data governance in Workday, including reporting, controls, and audits.
  • Advise on compensation matters related to hiring, promotions, transfers, market adjustments, and other pay actions.
  • Support compensation budgeting, forecasting, and cost-impact analysis based on market competitiveness, internal equity, and financial objectives.
  • Lead compensation projects, process improvements, and stakeholder communications in partnership with HR and business leaders.

Qualifications

Candidate must have 5–8 years of progressive compensation experience, including experience leading compensation programs or projects.

 

Demonstrated experience with annual compensation cycles and bonus program management is required. Experience advising HR and leadership on compensation decisions is preferred.

Frequently Asked Questions

Is the salary disclosed for the Compensation Manager position at milbank?
The salary for this Compensation Manager role at milbank is not publicly listed. Click "Apply Now" to learn more about the compensation package on their official careers page.
Where is the Compensation Manager position at milbank located?
This Compensation Manager role at milbank is based in New York City, US. The position is listed as on-site or hybrid. Check the full job description or apply directly to confirm the work arrangement.
Is the Compensation Manager role at milbank full-time or part-time?
This is listed as a OTHER position. It is posted as a Compensation Manager role in the Human Resources/Benefits/Legal Personnel department at milbank.
Which team or department does the Compensation Manager at milbank belong to?
This Compensation Manager position is part of the Human Resources/Benefits/Legal Personnel department at milbank. See the full job description for more information about the team structure and responsibilities.
How do I apply for the Compensation Manager position at milbank?
Click the "Apply Now" button on this page. You will be redirected to milbank's official application portal hosted on icims where you can submit your application directly.
When was the Compensation Manager job at milbank posted?
This Compensation Manager position at milbank was posted on Sep 16, 2026. Apply as soon as possible — early applications are often reviewed first.
Compensation Manager
milbank
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