Compensation Manager
Milbank LLP, a premier international law firm, is seeking a Compensation Manager to oversee the design, administration, analysis, and evaluation of the firm's compensation programs. This role collaborates closely with Human Resources and firm leadership to ensure competitive, equitable, and compliant pay practices, providing 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.
Key responsibilities include leading annual compensation planning processes such as merit increases, promotions, bonuses, and incentive programs. The role ensures compliance with federal, state, and local compensation regulations, including pay transparency and pay equity requirements. Conducting market analyses and developing data-driven compensation recommendations for HR and firm leadership are essential aspects of the position. The Compensation Manager oversees compensation benchmarking, survey participation, job evaluation, salary structures, pay administration, and related policies. Managing compensation processes and data governance in Workday, including reporting, controls, and audits, is also a critical component. Additionally, the role advises on compensation matters related to hiring, promotions, transfers, market adjustments, and other pay actions, supports compensation budgeting, forecasting, and cost-impact analysis based on market competitiveness, internal equity, and financial objectives, and leads compensation projects, process improvements, and stakeholder communications in partnership with HR and business leaders.
Candidates should possess a bachelor's degree in Human Resources, Finance, Business, or a related field. A strong knowledge of compensation principles and practices, including market pricing, salary structures, job evaluation, annual compensation programs, and pay equity analysis, is required. The ability to analyze complex compensation data and translate findings into clear, actionable recommendations is essential. Advanced skills in Excel, Workday, and data management are necessary to support reporting, analysis, and process execution. Effective communication with varied audiences across the firm, including HR, business leaders, and other stakeholders, is crucial. Candidates must be able to 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, and use compensation survey platforms to support benchmarking and market analysis. A minimum of 5–8 years of progressive compensation experience, including experience leading compensation programs or projects, is required. Demonstrated experience with annual compensation cycles and bonus program management is essential, and experience advising HR and leadership on compensation decisions is preferred.
The Compensation Manager position offers a competitive salary range of $160,000 to $180,000 per year, commensurate with experience. The role is based in New York, NY, and is a full-time, hybrid position. Milbank LLP provides a comprehensive benefits package, including health, retirement, leave, and wellbeing programs, as well as opportunities for professional development and career advancement within the firm.
Milbank LLP is a premier international law firm handling high-profile, complex cases and business transactions through 12 offices worldwide. The firm's offices work together on an integrated basis, giving it an extraordinary global presence and allowing it to serve a client base that includes the world's leading companies and financial institutions. Milbank is internationally recognized as a leader in major corporate/finance transactions, litigation, financial restructuring, and trusts and estates. Joining Milbank offers the opportunity to work in a dynamic and collaborative environment, contributing to the firm's continued success and growth.