Director Compensation

RBC; Toronto; On-site; CAD 140,000 - 190,000; Full time

Benefits offered by this job

Total rewards program

Career development opportunities

Cross-business opportunities

Job summary

RBC is seeking a Director Compensation to lead strategic design and implementation of compensation programs for the Capital Markets business. You will advise senior leadership on compensation policies, initiatives, and solutions, and manage analytics while building the compensation team.

You will develop base salary and incentive programs, prepare updates for RBC's Human Resources Committee and Board, and drive compensation initiatives in collaboration with business leaders.

Qualifications

• 7+ years’ experience in Compensation and/or Finance, ideally within a Capital Markets environment.
• Undergraduate degree in Finance, Commerce, Human Resources, Organizational Behaviour or similar.
• Strong analytical skills with the ability to analyze complex situations, synthesize information, and support sound decision making.
• Strong organizational, project management, and time management capabilities.
• Deadline-driven and results-oriented; able to meet high quality standards while handling multiple tasks.

Responsibilities

• Support the Senior Director in developing and implementing compensation strategies and frameworks that support business goals and objectives.
• Lead the design of base salary and variable incentive programs that drive revenue generation and align with regulatory guidance.
• Prepare RBC Human Resources Committee and Board-related compensation updates and design documents.
• Collaborate with business leaders and HR teams to drive compensation solutions for major business changes.
• Lead year-end variable compensation analytics using multiple data points to derive informed recommendations.
• Stay abreast of market developments and competitor compensation practices.

Skills

Analytical Thinking

Compensation Analysis

Compensation Design

Compensation Strategies

HR Compensation

Process Improvements

Strategic Design

Education

Undergraduate degree in Finance/Commerce/HR/Organizational Behaviour

Job description

WHAT IS THE OPPORTUNITY?

As Director Compensation, you will support the Senior Director in leading the strategic design and implementation of compensation programs for the Capital Markets business. You will work closely with senior leadership to provide expert advice on all aspects of compensation programs, policies, initiatives and solutions, and manage key compensation initiatives and analytics while building and developing the compensation team.

Job Description

As Director Compensation, you will support the Senior Director in leading the strategic design and implementation of compensation programs for the Capital Markets business. You will work closely with senior leadership to provide expert advice on all aspects of compensation programs, policies, initiatives and solutions, and manage key compensation initiatives and analytics while building and developing the compensation team.

WHAT WILL YOU DO?

• Support the Senior Director in developing and implementing compensation strategies and frameworks that support business goals and objectives
• Lead the design of base salary and variable incentive programs that drive revenue generation, ensuring programs are motivational, financially viable, and aligned with intended behaviors and regulatory guidance
• Support the development and preparation of RBC Human Resources Committee and Board-related compensation updates and program design documents
• Work with business leaders and HR teams to drive compensation solutions for major business change initiatives
• Lead and manage a full suite of detailed year-end variable compensation analytics, considering multiple data points including employee performance, business performance, and market data to arrive at well-informed compensation recommendations
• Proactively stay abreast of developments in the external market, becoming an expert on relevant competitor compensation practices, key business strategies, and responses to regulatory guidance
• Collaborate closely with the Senior Director on team strategy and developing the compensation team, fostering a high-performing culture committed to RBC values and accountability
• Drive efficiency and effectiveness through continuous process improvement, automation, and streamlining, especially in compensation analytics

WHAT DO YOU NEED TO SUCCEED?

Must have:

• 7+ years’ experience in Compensation and/or Finance, ideally within a Capital Markets environment.
• Undergraduate degree in Finance, Commerce, Human Resources, Organizational Behaviour or similar.
• Strong analytical skills with an ability to analyze complex situations, synthesize information, understand issues, identify options, and support sound decision making; and integrate information from different sources into a coherent view.
• Strong organizational, project management, and time management capabilities.
• Deadline-driven and results-oriented; able to meet consistently high quality standards while handling a variety of tasks and deadlines simultaneously.

Nice-to-have

• HR professional designation or Finance/Accounting certification
• Experience in a matrix environment, such as a large, financial services organization
• Ability to facilitate between and influence key decision makers
• Strategic thinker with excellent interpersonal skills to partner across functions and businesses

What’s in it for you?

• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Access to a variety of job opportunities across business and geographies

Job Skills

Adaptability, Analytical Thinking, Collaboration, Compensation Analysis, Compensation Design, Compensation Strategies, HR Compensation, Human Resources Policies, Process Improvements, Strategic Design

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

HUMAN RESOURCES & BMCC

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-08-28

Application Deadline:

2026-09-11

Note

Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.