Senior Manager, Compensation

TMX Group; Toronto; Hybrid; CAD 140,000 - 150,000; Full time

Job summary

TMX Group is seeking a Senior Manager, Compensation to lead a global team of compensation professionals under the Head of Total Rewards. You will align pay structures and programs with market practices while partnering with senior leaders and HR partners.

The role reports to the Head, Total Rewards within the Talent and Total Rewards team. You will oversee job evaluation, equity administration, annual market surveys, and collaborate with finance on salary planning and forecasts.

Qualifications

• 8+ years in compensation management or related field
• Strong thought leadership and consulting with senior leaders
• Solid understanding of compensation principles and program design
• Knowledge of job leveling frameworks and job evaluation methodologies
• Proven people leadership and cross-functional collaboration
• Analytical and compensation modeling abilities
• Excellent customer service with a strong sense of urgency
• Advanced MS Office or Google Workspace skills
• Bachelor's degree in HR, Business, Finance or related field

Responsibilities

• Develop and deliver broad-based compensation programs, pay structures and frameworks across the organization.
• Lead annual market analyses and educate the business on market data usage for compensation decisions.
• Oversee job evaluation and equity administration with regulatory compliance and data integrity.
• Partner with Finance on salary planning, bonus accruals, and forecasting activities.
• Drive compensation data transformation, analytics, and dashboard reporting.
• Mentor and lead a global compensation team and collaborate with HR Partners.

Skills

Thought leadership

Consulting

Project management

People leadership

Compensation modeling

Analytical skills

MS Office / Google Workspace

Communication

Cross-functional collaboration

Education

Bachelor's degree in HR/Business/Finance

Tools

Workday

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
• Solid understanding of job levelling frameworks and job evaluation methodologies; and strong project management experience
• Proven people leader with demonstrated ability to collaborate effectively with leaders and employees at all levels of the organization
• Strong critical thinking, problem solving and compensation modeling ability, good judgment, independent and creative thinking with an eye for detail and accuracy
• Exceptional commitment to customer service with a strong sense of urgency
• Advanced MS Office skills or Google equivalent
• Undergraduate degree, preferably in Human Resources, Business Administration, Finance or a related field

Nice to Have(s)

• Workday/HRIS system experience would be an asset
• Completion or progress toward CCP or CHRP designation

Salary Range: 140k/year - 150k/year CAD. Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

The recruiting efforts for this role are intended to fill a vacant position. In the market for… Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success. Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work. Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy. Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived! Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located.

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.

Our Culture

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.

Our Business

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation Trayport and VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com.

Follow TMX Group on Twitter: @TMXGroup.