Work From Home Total Rewards Jobs (NOW HIRING)

Who we are

What you'll do

The Total Rewards Manager is a senior individual contributor who helps shape and execute the Bank's Total Rewards strategy across compensation, benefits, and governance. This role operates as both a strategic partner and hands-on expert, driving programs that are competitive, compliant, and differentiated in the market.

This position is suited for a high-performing professional who brings strong analytical rigor, executive-level communication skills, and a high ownership mindset, with the ability to translate complex data into clear insights and high-quality deliverables that support leadership decision-making

How you'll make an impact

• Deliver data-driven insights that directly influence compensation, benefits, and workforce decisions

• Ensure Total Rewards remain competitive, innovative, and aligned to business strategy through clear, compelling analytics and executive-ready materials

• Drive continuous improvement by identifying opportunities to enhance programs, processes, and employee experience

• Build credibility as a trusted advisor through strong judgment, responsiveness, and high-quality execution

• Operate with a high degree of ownership-taking initiative, solving problems, and advancing work without direction

What you'll do

Total Rewards Strategy & Execution

• Support development and evolution of Total Rewards strategy aligned to business priorities and market trends

• Translate strategy into actionable programs, analyses, and recommendations

Compensation & Incentives

• Execute and enhance compensation programs, including salary structures, market alignment, and governance

• Lead analysis of internal equity, market competitiveness, and pay decisions

• Manage incentive programs (annual and long-term), including modeling, funding, and performance alignment

Benefits & Pension

• Support strategy and delivery of benefits programs, including a pension offering

• Analyze participation, cost, and effectiveness to inform benefit enhancements

• Partner with vendors to drive performance and employee experience

Executive Support & Governance

• Support executive compensation governance and develop board- and leadership-ready materials

• Ensure strong controls, documentation, and audit readiness across Total Rewards programs

Analytics & Insights

• Develop models and analyses to inform compensation and benefits decisions

• Translate complex data into clear, concise, and visually compelling presentations for leadership

Compliance & Advisory

• Ensure compliance with regulatory requirements, policies, and audit expectations

• Provide guidance on Total Rewards matters across the employee lifecycle, including complex situations

Operational Excellence

• Partner with HRIS to run the Bank's semi-monthly payroll and ensure accurate execution

• Support annual cycles (merit, incentives, Open Enrollment) with a focus on efficiency and experience

Strategic Projects

• Lead or contribute to high-impact Total Rewards initiatives

• Drive implementation, stakeholder alignment, and change management

What you'll bring

• Bachelor's degree in Human Resources, Business Administration, Finance, or related field required

• Master's degree in Human Resources or Business Administration preferred

• Certified Compensation Professional (CCP) or similar credential preferred

• 7+ years of progressive experience in Total Rewards, compensation, or benefits

• Experience supporting both the strategy and execution of compensation and/or benefits programs

• Experience with incentive compensation programs and/or complex pay structures

• Experience managing retirement programs including 401(k) and Pension

• Experience in financial services or other regulated industry preferred

• Experience with HR systems (e.g., Workday) preferred

• Strong Total Rewards expertise with solid understanding of market practices

• Advanced analytical skills

• Ability to translate data into actionable insights and executive-ready narratives

• Strong presentation skills, including development of polished leadership materials

• High ownership mindset with ability to operate independently and drive results

• Strong prioritization and ability to manage multiple deliverables

• Effective cross-functional partnership and influencing skills

• Sound judgment and discretion with sensitive information

The Perks

At FHLBank Chicago, we believe in rewarding our high performing workforce. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. Our retirement program includes a 401(k) and pension plan. Our wellbeing program supports employees at work and in their personal lives: Our PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop. Visit FHLBCbenefits.com for additional details about our benefits. Step into a brighter future with us.

Salary Range:

The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc