Compensation Manager

Peoples Group; Toronto; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

A boutique financial institution in Toronto seeks a Compensation Manager to design compensation programs that align with business objectives. This role involves analyzing data for decision-making, conducting market benchmarks, and ensuring compliance with regulations. The ideal candidate has 7+ years of experience in compensation, particularly in the financial sector, with strong analytical and communication skills. Competitive salary and a hybrid work environment are offered.

Benefits

Competitive salaries

Profit sharing

RRSP matching

Generous paid time off

Well-being support

Qualifications

• Proven experience in sales compensation in a complex environment.
• Ability to manage multiple priorities in a fast-paced setting.
• Experience with Total Rewards is an asset.

Responsibilities

• Design and manage compensation programs.
• Conduct market benchmarking and compensation analysis.
• Present compensation insights to senior leadership.

Skills

Strong analytical skills

Attention to detail

Problem-solving skills

Excellent communication skills

Stakeholder management

Education

7+ years of experience in compensation

Knowledge of Canadian compensation regulations

Experience in financial services

Tools

Excel

HRIS and compensation tools

Job description

Join to apply for the Compensation Manager role at Peoples Group

• Design and manage compensation programs that align with business objectives, drive performance, and support talent strategies.
• Partner with business leaders, People and Culture teams, and Finance to develop, refine, and administer salary plans, incentive, and equity programs that are competitive, compliant, and effective.
• Analyze data and prepare reports to support decision-making and Board presentations, ensuring compliance with internal policies and external regulations.
• Conduct market benchmarking and compensation analysis to ensure programs remain competitive and equitable.
• Provide subject matter expertise on sales incentive structures, including quota setting, performance metrics, payout modeling, and guidance on job evaluations, salary recommendations, and incentive programs.
• Support the annual compensation cycle, including systems setup, salary planning, incentive payouts, compensation reviews, communication, and training.
• Ensure compliance with internal policies, governance standards, and regulatory requirements (e.g., OSFI).
• Prepare and present compensation recommendations and insights to senior leadership.
• Lead or support assigned programs and special projects related to compensation strategy, analytics, and process improvement.
• Develop and oversee processes that support strong governance.

About The Day-to-day

• Design and manage compensation programs that align with business objectives, drive performance, and support talent strategies.
• Partner with business leaders, People and Culture teams, and Finance to develop, refine, and administer salary plans, incentive, and equity programs that are competitive, compliant, and effective.
• Analyze data and prepare reports to support decision-making and Board presentations, ensuring compliance with internal policies and external regulations.
• Conduct market benchmarking and compensation analysis to ensure programs remain competitive and equitable.
• Provide subject matter expertise on sales incentive structures, including quota setting, performance metrics, payout modeling, and guidance on job evaluations, salary recommendations, and incentive programs.
• Support the annual compensation cycle, including systems setup, salary planning, incentive payouts, compensation reviews, communication, and training.
• Ensure compliance with internal policies, governance standards, and regulatory requirements (e.g., OSFI).
• Prepare and present compensation recommendations and insights to senior leadership.
• Lead or support assigned programs and special projects related to compensation strategy, analytics, and process improvement.
• Develop and oversee processes that support strong governance.

About The Qualifications

• 7+ years of progressive experience in compensation, with a focus on sales compensation in a complex, matrixed environment.
• Strong analytical skills, attention to detail, and problem-solving skills with advanced proficiency in Excel.
• Excellent communication, influencing, and stakeholder management skills, including presenting complex concepts to senior executives.
• Ability to work independently, manage multiple priorities, and lead through others in a fast-paced environment.
• Knowledge of Canadian compensation regulations, legislation, and practices.
• Experience in the financial services or banking sector is preferred.
• Experience with HRIS and compensation tools (e.g., Workday, SAP SuccessFactors) is preferred.
• Experience across Total Rewards (benefits, retirement programs) is an asset.

About Us

Peoples Group is a boutique financial institution with offices in Vancouver, Calgary, Toronto, and Montreal, serving the Canadian market for over 35 years. Our mission is to exceed customer expectations through exceptional service, extensive product knowledge, and experience.

Our culture is built on values: Trustworthy, Creative, Willing. We believe people choose a company to join, not just to work for. We prioritize risk-based practices to remain compliant and value building relationships, focusing on strengths and executing with passion.

About The Work Environment

Peoples Group offers a flexible, hybrid work environment, combining in-office and remote work. Typical hours are Monday to Friday, 8:00 am to 4:30 pm, with flexibility around start and end times.

We Offer

• A hybrid work environment supporting work-life balance.
• Competitive salaries, profit sharing, RRSP matching, and benefits from day one.
• Generous paid time off for work-life balance.
• A strengths-based approach to teamwork.
• Support for your well-being across financial, physical, social, career, and community areas.

We invite you to answer our application questions as part of the selection process. Please note: This job posting is for an existing vacancy. Peoples Group is an equal opportunity employer. We appreciate your interest; only shortlisted candidates will be contacted. We celebrate individuality and are committed to an inclusive workplace. If accommodations are needed, please let us know.

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Human Resources

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