Senior Manager, Compensation

Associated Bank

Senior Manager of Compensation at Associated Bank shaping competitive and performance-driven compensation programs. Collaborating with leaders to align business strategy and market practices while ensuring compliance.

Posted 6/16/2026full-timeMinneapolis • Minnesota, Wisconsin • 🇺🇸 United StatesSenior💰 $122,710 - $210,360 per yearWebsite

About the role

Key responsibilities & impact

Shape Compensation Strategy & Governance
Lead the design, implementation, and governance of compensation programs aligned to business strategy, pay-for-performance principles, and Associated’s Total Rewards Philosophy.
Provide oversight of base pay, annual incentives (including sales compensation), and long-term/equity programs—ensuring scalability, market competitiveness, and alignment to business needs.
Partner with senior leaders to provide guidance on pay positioning, job architecture, and organizational design—balancing competitiveness, internal equity, and risk.
Deliver insights through market benchmarking, pay equity analysis, geographic differentials, and financial modeling to support budgeting, forecasting, and strategic decision-making.
Ensure compensation programs align with regulatory expectations for large financial institutions, with strong governance, controls, and risk mitigation practices.
Oversee annual planning processes (merit, incentive, and equity), ensuring disciplined execution, budget alignment, and clear outcomes.
Maintain adherence to federal/state regulations and internal policies while proactively identifying and mitigating compensation-related risks.
Lead, coach, and develop a Compensation team that delivers accurate, efficient, and compliant results while advancing capability and innovation.

Requirements

What you’ll need

7+ years of progressive compensation experience within financial services or a complex, regulated environment
3–5 years of people leadership or leading high-impact compensation initiatives
Deep experience across core, incentive, and equity compensation
Bachelor's degree in Human Resources, Finance, Business, or related field (required)
MBA or advanced degree (preferred)
Certifications (Preferred) Certified Compensation Professional (CCP)

Benefits

Comp & perks

Retirement savings including both 401(k) and Pension plans.
Paid time off to volunteer in your community.
Opportunities to connect with others through our diversity-focused Colleague Resource Groups.
Competitive salaries with professional development and advancement opportunities.
Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, military benefits and much more.
Personal banking, loan, investment and insurance benefits.

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

compensation strategypay-for-performance principlesmarket benchmarkingpay equity analysisfinancial modelingjob architectureorganizational designannual planning processesrisk mitigation practicescompliance

Soft Skills

leadershipcoachingguidancecollaborationstrategic decision-makingoversightcommunicationinnovationteam developmentexecution

Certifications

Certified Compensation Professional (CCP)