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Compensation Consultant, Compensation Advisory

Scotiabank

Toronto, ON 


Purpose

Contributes to the overall success of Total Rewards by supporting the development and delivery of Compensation programs and policies while ensuring compliance with governing regulations, internal policies and procedures.

Accountabilities

  • Supports the Compensation teams by:
  • Completing market compensation surveys, conducting analysis of market data and preparing results for distribution to the business and/or HR Business Partners
  • Conducts in-depth quantitative analysis and qualitative analysis on existing and proposed compensation programs including:
  • Analyzing the Bank’s competitive position and outcomes of compensation program implementation and/or changes
  • Identifying trends, summarizing findings; drafting recommendations to ensure programs are internally equitable and market competitive
  • Developing and analyzing costing modelling scenarios
  • Providing analytical support in the design and implementation of Compensation programs
  • Participate in all aspects of the year-end compensation cycle including performing various data analytics, and investigating and resolving Global Compensation Planner (GCP) data issues
  • Assist in the preparation of incentive budget accruals on a quarter basis
  • Provide support in the preparation of compensation recommendations and offers letters.
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
  • Champions a high performance environment and contributes to an inclusive work environment.

Education & Experience Required

  • Undergraduate University degree with 3 years’ experience in compensation, finance or other highly analytical position
  • Strong mathematical aptitude and analytical skills
  • Experience in survey preparation and analysis
  • Strong Microsoft Excel, Word and PowerPoint skills
  • Certified Compensation Professional (CCP) designation an asset.
  • Knowledge of legislation and regulations pertaining to compensation and knowledge of Bank policies and operations an asset.
  • Banking or Financial Services experience an asset.

Apply online at Scotiabank


 


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