Int-Sr Compensation Analyst with compensation modelling experience to design compensation plans for a large financial client- 49983

Job Type: Contract
Positions to fill: 1
Start Date: Jun 06, 2023
Job End Date: Jun 06, 2024
Pay Rate: Hourly: Negotiable
Job ID: 130167
Location: Toronto

Work Order ID 49983
Description:   Position Title: HR Analyst III (Compensation Advisor)
# of positions: 1
Start Date: May 29th
Business Unit: 3 - HR - Total Rewards (S_0001148)
Duration: 12 months
Extension possible: yes, possibility to be extended 6 months
Conversion Possible: possible
Interview Process: 1 round – Webex
Work Location - hybrid – onsite 2 days a week minimum (Downtown Toronto)

Department Overview
  • The Compensation Advisory Group, within the Global Total Rewards Group, is The Banks in-house Compensation consulting team that provides advice and tailored compensation solutions for each business group based on their respective strategy and business requirements. The role supports a combination of employee and executive compensation, as well as custom incentive plans.

Job Description
  • The Compensation Advisor reports to the Senior Manager, Compensation Advisory and acts as an in-house compensation expert, supporting the design and delivery of custom rewards solutions that align with strategic business requirements. The Compensation Advisor will build great partnerships across Global Compensation, Finance, HR Business Partners, and Business Leaders. This role will support the Canadian Personal Banking portfolio.

  • Develop and maintain a thorough understanding of The Banks strategic direction, ensuring business-specific compensation programs are aligned with enterprise-wide compensation principles and objectives.
  • Monitor and advise on competitive market trends to ensure both compensation design and pay-level opportunities will attract and retain qualified talent.
  • Participate in and contribute to the development of tools, workshops and reference materials that increase capability for making informed Total Rewards decisions.
  • Manage the annual compensation cycle for the assigned businesses, including survey submission, end-to-end research and market analysis, and presentation of findings.
  • Provide advice and counsel on complex compensation recommendations for new hires or internal moves within businesses.
  • Lead and participate in projects, engaging multiple stakeholders in the flow of information and assignments.
  • Provide business-specific, ad hoc, and project-related analysis.
  • Participate in broader Global Compensation Advisory projects.asks.
  • Acts like An Owner: Takes ownership of issues and concerns; works to engage relevant stakeholders to resolve.
  • Innovates with Purpose: Ability to identify new approaches to frequently occurring problems and challenge current paradigms, showing resilience in the pursuit of goals and objectives.
  • Communication and Partnerships: Communicates clearly, encourages honest dialogue, builds great partnerships, and influences others, leveraging both formal and informal networks to get things done.

  • 4+ years Compensation analytical experience - compensation modelling experience and designing compensation plans
  • 4+ years in a similar compensation-related capacity.
  • Analytical knowledge – experience managing projects
  • Bachelors' degree in business management, human resources / labour relations, mathematics or economics preferred, or equivalent relevant working experience.
  • Excel (VLOOKUP, Pivot Tables, creating complex formulas)
  • Financial or banking experience in an asset