Senior Manager, Compensation

TMX; Toronto; On-site; CAD 130,000 - 180,000; Full time

Job summary

TMX is seeking a Senior Manager, Compensation to lead a global compensation team and partner with senior leaders to shape pay strategy. You will drive annual market analyses, oversee job evaluation, and ensure the equity program aligns with regulatory requirements and business growth.

You will mentor a diverse team, collaborate with HR business partners, and implement best-in-class compensation programs across the organization, including large-scale change initiatives and M&A related activities.

Qualifications

• 8+ years progressive experience in a compensation management related capacity.
• Excellent thought leader and consulting skills; interacting with Business Leaders, HR stakeholders and other client groups.
• Solid understanding of compensation principles, program design and processes.

Responsibilities

• Develop and deliver broad-based compensation programs, pay structures and compensation frameworks.
• Lead ongoing enterprise education and support to business leaders, employees and HR stakeholders on compensation plans, policies, and processes.
• Lead the year-end compensation process and drive improvements to procedures for better manager/employee experience.
• Oversee job evaluation processes with oversight and guidance to the team and stakeholders.
• Lead annual market analyses and translate market data into compensation decisions for the business.
• Coordinate with Finance on salary planning, bonus accruals and forecasting activities.
• Transform compensation data and analytics with dashboards and reports on key metrics.
• Oversee equity administration with regulatory compliance and data integrity.

Skills

Thought leadership

Consulting skills

Cross-functional collaboration

Compensation expertise

Job description

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we're connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

Reporting to the Head, Total Rewards as part of the Talent and Total Rewards team, the Senior Manager, Compensation acts as a trusted advisor, thought leader, and consultant to the organization on all aspects of employee broad-based compensation. In this role, you will lead and mentor a diverse team of compensation professionals, working closely with senior business leaders and HR leadership to ensure compensation strategy, pay structures, and program designs align with market practices and organizational growth objectives.

The ideal candidate for this role has previous experience leading a compensation team, with specific focus on implementing and administering best-in-class programs with measurable outcomes. The ideal candidate will have the ability to influence and work collaboratively with business leaders and HR Business Partners to provide direction on complex compensation challenges and evolve programs with emerging business needs.

Reports to: Head, Total Rewards

Job Location: Hybrid (2-3 days in office) - based in Toronto, ON.

Key Accountabilities

• Work with senior business leaders and HR leadership across the business to support the development and delivery of broad-based compensation programs, pay structures and compensation frameworks
• Lead ongoing enterprise education and support to business leaders, employees and HR stakeholders with respect to compensation plans, policies and processes that will drive maximum impact and value
• Leads the planning, communication, execution and administration of the year-end compensation process. Reviews and recommends enhancements to procedures and processes to identify opportunities for continued improvement and automation to enhance the manager and employee experience. Acts as the key resource for the broad-base compensation plans.
• Lead and responsible for the job evaluation process by providing oversight, guidance and job evaluation expertise to the compensation team. Partners in the review, analysis and evaluation of jobs, as well as validates recommendations from the team, business and HR stakeholders.
• Lead the annual market analyses and provide support to team on education to the business on how to interpret and incorporate market data into compensation decision making
• Leads the team on annual compensation market surveys, compiling data and developing analyses to assess and monitor potential competitive issues. Prepares preliminary observations and recommendations for review with stakeholders.
• Works with key stakeholders in finance with respect to salary planning, bonus accruals and payouts and other forecasting activities
• Lead the transformation of compensation related data, processes and analytics, as well as developing measurement tools to assess compensation program effectiveness of dashboards or summary reports on key metrics.
• Oversee the equity administration program, ensuring regulatory compliance and high data integrity while optimizing the participant experience through streamlined workflows and clear communication
• Actively participate in compensation projects, M&A initiatives and building and preparing Human Resource Committee materials through engaging multiple stakeholders across functions using well-established project planning and change management skills

Overall Thought Leadership

• Lead, mentor and develop a global team of diverse professionals
• Drive best practices, promote knowledge sharing and close collaboration within the HR team to ensure consistent interpretation and administration of compensation programs
• Support the compensation strategy for business transformation or M&A activities
• Work collaboratively across HR functions to ensure that total rewards supports the overall desired employee experience and cultural priorities, including fairness, equity and inclusion

Must Have(s)

• Minimum of 8+ years progressive experience in a similar compensation management related capacity
• Excellent thought leader and consulting skills; interacting with Business Leaders, HR stakeholders and other client groups with a strong desire to help others and intellectual curiosity about people and organization issue
• Solid understanding of compensation principles, program design and processes

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