Compensation Manager

The Talent Company; Toronto; Hybrid; CAD 90,000 - 130,000; Full time

Job summary

A well-established financial institution in Toronto is seeking a Compensation Manager responsible for the design and governance of compensation and equity programs. This strategic role requires extensive expertise in compensation practices and offers the opportunity for significant professional growth. The ideal candidate will thrive in a fast-paced, agile environment, contributing to an organization dedicated to empowering Canadians through innovative financial solutions.

Qualifications

• 5+ years of progressive experience in compensation or total rewards.
• Experience in both executive and broad-based compensation.
• Strong command of job evaluation methods and salary structure design.

Responsibilities

• Develop and implement competitive compensation programs.
• Lead the administration of equity-based compensation plans.
• Perform regular compensation and equity benchmarking.

Skills

Analytical mindset

Data integrity

Communication

Detail-oriented

Project management

Education

Professional certifications (e.g., CCP, CECP, CEP)

Tools

Workday

Dayforce

Shareworks

Advanced Excel

Job description

Our client is a well-established, federally regulated financial institution specializing in property ownership solutions for Canadians. With a legacy spanning nearly four decades, this organization has been a pioneer in offering secure and accessible financial options designed to help homeowners enjoy greater financial flexibility in retirement.

Through a combination of direct-to-consumer outreach and a strong, nationwide referral partner network that includes major financial institutions, credit unions, mortgage professionals, and financial advisors, our client has built a trusted reputation as the market leader. Its mission is to empower Canadians to live retirement through customized lending solutions.

POSITION SUMMARY

Reporting to the Director, Total Rewards, the Compensation Manager is a critical subject matter expert responsible for the design, delivery, and governance of compensation and equity programs that attract, retain, and motivate top talent. This individual contributor role offers strong growth potential and requires a strategic thinker with deep expertise in compensation practices, particularly in financial services and executive compensation.

KEY RESPONSIBILITIES

• Compensation Strategy & Consulting : Develop and implement competitive compensation programs aligned with business goals and regulatory requirements.
• Equity Program Administration : Lead the administration of equity-based compensation plans (stock options, share ownership, executive equity structures).
• Market Benchmarking : Perform regular compensation and equity benchmarking using industry surveys and data to maintain competitiveness.
• Job Evaluation & Structure Management : Maintain robust job evaluation frameworks and salary structures. Perform ad-hoc market pricing for critical roles.
• Sales Compensation : Partner with Sales Leadership to maintain and optimize sales incentive plans, including analytics and communication.
• Annual Cycle Support : Lead annual compensation reviews, including merit and bonus awards, in collaboration with HR and internal stakeholders.
• Governance & Compliance : Ensure alignment with regulatory frameworks including Federal Pay Equity, Canadian banking rules, tax laws, and accounting standards.
• Executive Compensation : Manage executive pay programs, long-term incentives, and related board reporting requirements.
• Stakeholder & Vendor Management : Liaise with HRBPs, Finance, Legal, and third-party vendors to ensure service quality and regulatory compliance (e.g., OSFI B10).
• Education & Communication : Develop employee-facing materials and conduct training sessions to promote understanding of total rewards programs.
• IPO Readiness & Cap Table Management : Support organizational readiness for public offering scenarios, including development of proxy-level materials and cap tables.

QUALIFICATIONS & EXPERIENCE :

• 5+ years of progressive experience in compensation or total rewards, preferably in the financial services industry
• Experience in both executive and broad-based compensation required
• Professional certifications (e.g., CCP, CECP, CEP) are assets
• Strong command of job evaluation methods, salary structure design, and equity compensation
• Expertise with tools such as Workday, Dayforce, Shareworks, and advanced Excel functionality
• Experience supporting compensation elements of IPO-readiness is highly valued

SKILLS & ATTRIBUTES :

• Strong analytical mindset with a high level of data integrity
• Ability to distill complex information into clear recommendations
• Exceptional English communication skills with the ability to influence senior stakeholders
• High level of discretion and professionalism when handling sensitive data
• Proven ability to manage multiple priorities in a fast-paced, evolving environment
• Detail-oriented with the confidence and autonomy to lead projects independently

CULTURAL FIT :

• Thrives in a flat, agile, and fast-paced organizational environment
• Embraces a hands-on approach and is eager to build from the ground up
• Resourceful, polished professional, and proactive with a builder’s mindset
• Location : Toronto, ON (Hybrid : 3 days / week in office)

This job description represents the general responsibilities and duties of our client’s position but should not be construed as an all-inclusive detailed job description.

Confidentiality Note

This search is being conducted confidentially . Details regarding the organization and its operations will be shared with qualified candidates during the interview process.

At The Talent Company, we recognize the value of different perspectives and experiences to prompt innovation, spark creativity, and solve problems. As an equal employment opportunity organization, we do not discriminate against any employee or applicant for employment based on race, Aboriginal peoples, members of visible minorities, sex, age, national origin, religion, sexual orientation, gender identity, persons with disabilities and all other categories protected by law.

We are committed to Equal Opportunities and welcome applications from all sections of the community. Please let us know by if an adjustment or adaptation is required at any stage to support you during the recruitment journey.

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