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Compensation Manager

Milbank LLP
vision insurance, paid time off
United States, New York, New York
Nov 04, 2026

Compensation Manager
Job Locations

US-New York City
Job ID

2026-1677




Category
Human Resources/Benefits/Legal Personnel

Type
Full-Time

Workplace Type
Hybrid


Location : Location

US-New York City



Build Your Career with Milbank!

Milbank is a premier international law firm handling high-profile, complex cases and business transactions through 11 offices worldwide. Our offices work together on an integrated basis, giving us an extraordinary global presence and allowing us 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 (such as M&A, structured finance, banking, capital markets and project and transportation finance), litigation (including complex commercial, intellectual property, securities and white collar), financial restructuring, and trusts and estates.


About the Role

We are seeking a motivated and collaborative professional to join our team. As a Compensation Manager, you will be responsible for overseeing 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.

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.

Success in this role requires strong communication and collaboration, a proactive and adaptable approach, positive working relationships, and a commitment to exceptional results.

This position offers an opportunity to make a meaningful impact and grow within a dynamic and fast-paced environment.



What You'll Do

    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.


What We're Looking For

  • 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.


Why Join Us?

Our collaborative culture encourages knowledge sharing, professional growth, and partnership across teams. Employees can work alongside experienced professionals, contribute to meaningful initiatives, and make an impact in a dynamic and client-focused environment. If you're looking for a workplace where you can grow professionally, build strong relationships, and make a meaningful impact, we'd love to hear from you.

Our Benefits Include
  • Health, dental, and vision insurance
  • Retirement savings plan
  • Paid time off and holidays
  • Professional development opportunities
  • Employee assistance and wellness programs
Compensation

The anticipated base salary range offered for this role will be between $160,00 to $180,000 and represents the firm's good faith and reasonable estimate of the base compensation range. Actual base compensation will depend upon several factors, including but not limited to the candidate's relevant experience, performance, qualifications, degrees, and location as well as the needs of the firm.

We look forward to learning more about you!

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