Senior Manager, Compensation

RBC; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

RBC seeks a Senior Manager in Compensation to design and implement compensation programs supporting their Capital Markets business. The role involves advising on compensation strategies, analyzing compensation practices, and providing insights to optimize compensation spending while ensuring alignment with business objectives.

Benefits

Comprehensive Total Rewards Program including bonuses and flexible benefits

Opportunities to make a difference and lasting impact

Dynamic, collaborative, high-performing team environment

Opportunities for professional development

Qualifications

• 5-7 years’ experience in Compensation and/or Finance, ideally in Capital Markets.
• Strong analytical skills to synthesize information and support decision-making.

Responsibilities

• Develop compensation strategies and frameworks supporting business goals.
• Design base salary and variable incentive programs that drive revenue generation.
• Manage year-end variable compensation analytics considering multiple data points.

Skills

Adaptability

Critical Thinking

Customer Service

Detail-Oriented

Financial Engineering

Financial Statement Analysis

Investments Analysis

Personal Development

Personal Initiative

Teamwork

Education

Undergraduate degree in Finance, Commerce, Human Resources, or Organizational Behaviour

Job description

Job Summary

As Senior Manager Compensation, you will be responsible for supporting the design, development and implementation of compensation programs for the Capital Markets business. You will provide business partners and senior management expert advice and analytics on all aspects of compensation programs, policies, initiatives and solutions, ensuring that they have a clear understanding of the financial and human capital impact of their HR decisions.

Job Description

What is the opportunity?

As Senior Manager Compensation, you will be responsible for supporting the design, development and implementation of compensation programs for the Capital Markets business. You will provide business partners and senior management expert advice and analytics on all aspects of compensation programs, policies, initiatives and solutions, ensuring that they have a clear understanding of the financial and human capital impact of their HR decisions.

What will you do?

• Develop compensation strategies and frameworks that support business goals and objectives, and be responsible for the advancement of compensation solutions.
• Design base salary and variable incentive programs that drive revenue generation ensuring programs are motivational, financially viable and generate the highest return on investment and are aligned with intended behaviors and regulatory guidance.
• Assist in the development and preparation of RBC Human Resources Committee and Board related compensation updates and program design documents.
• 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 a well-informed compensation recommendation.
• Proactively stay abreast of developments in the external market with whom we compete for business and talent, becoming an expert on relevant competitor compensation practices, key business strategies and responses to regulatory guidance.
• Work with Business Partners and HR Advisory teams to drive compensation solutions that support major business change initiatives (mergers, divestitures, re-alignment of roles, etc.).
• Manage the development of forward looking compensation analytics and research, collection, modeling and analysis of compensation data, providing Business Partners with meaningful and actionable insights and recommendations to help them more effectively manage their compensation spend and increase employee engagement.
• Design and integrate compensation communication, ensuring HR Partners, People Managers and employees receive timely and easy to understand information on their compensation programs.
• Drive efficiency and effectiveness through continuous process improvement, automation and streamlining, especially in the area of compensation analytics.

What do you need to succeed?

Must-have:

• 5-7 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.

Nice-to-haves:

• HR professional designation or Finance/Accounting certification

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, competitive compensation
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater scopes of work

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.

• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater scopes of work

Job Skills

Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork

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:

2025-06-06

Application Deadline:

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

Inclusion and Equal Opportunity Employment

At 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.

Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

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.