Director Compensation

RBC; Toronto; On-site; CAD 150,000 - 210,000; Full time

Benefits offered by this job

Total Rewards Program

Leadership development and coaching

Career growth opportunities

Job summary

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

You will drive base salary and incentive design, support HR Committee updates, and partner with business leaders to deliver compensation solutions for major initiatives.

Qualifications

• 7+ years of 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 ability to synthesize information and support sound decision making.
• Strong organizational, project management, and time management capabilities.
• Deadline-driven and results-oriented with ability to manage multiple tasks and deadlines.

Responsibilities

• Support the Senior Director in developing and implementing compensation strategies and frameworks.
• Lead the design of base salary and variable incentive programs aligned with business goals and regulatory guidance.
• Prepare updates and program design documents for RBC Human Resources Committee and Board.
• Collaborate with business leaders and HR teams to drive compensation solutions for major change initiatives.
• Lead year-end variable compensation analytics using multiple data points to inform recommendations.
• Stay updated on external market developments and competitor practices.

Skills

Adaptability

Analytical Thinking

Collaboration

Compensation Analysis

Compensation Design

Compensation Strategies

HR Compensation

Human Resources Policies

Process Improvements

Strategic Design

Education

Undergraduate degree in Finance, Commerce, HR, Organizational Behaviour or similar

Job description

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.

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?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• 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

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#TechPJ

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.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.