Senior Manager, Compensation Advisory

TD; Canada; On-site; CAD 115,000 - 164,000; Full time

Job summary

A leading financial institution in Toronto seeks a Senior Manager for its Compensation Advisory team. This role involves leading a team to deliver customized compensation solutions aligned with business strategy. Candidates must possess extensive experience in compensation and a strong understanding of market trends. The position requires effective collaboration with stakeholders and strategic leadership to enhance total rewards programs. It's a key position to ensure competitive compensation practices that attract and retain talent.

Benefits

Competitive salary

Career development opportunities

Health and well-being benefits

Qualifications

• Minimum 8 years of progressive compensation experience.
• 3 years in a management or influential role.

Responsibilities

• Lead a team of compensation professionals to deliver customized solutions.
• Actively monitor market trends and compensation structures.
• Manage year-end compensation processes.
• Engage with multiple stakeholders on compensation initiatives.

Skills

Strategic Focus

Critical Thinking

Courageous Leadership

Employee Development

Analytical Skills

Education

University degree in business management, economics, mathematics, or finance

Tools

Excel

Word

PowerPoint

Job description

Work Location: Toronto, Ontario, Canada

Hours: 37.5

Line of Business: Human Resources

Pay Details: 115,600 - $163,200 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description

Department Overview

The Total Rewards team provides leadership and guidance in the development and delivery of effective compensation, retirement and benefit strategies, policies, and programs that support TD Bank business and talent objectives. The Compensation Advisory team supports all aspects of compensation, including compensation planning, governance, reporting, mergers and acquisitions, program design, incentive design, equity and other forms of long and short-term compensation, research, global mobility, and in-house consulting to our Human Resource Business Partners and business leaders. The Compensation Advisory team provides tailored compensation solutions, advice and consultation on all aspects of total rewards.

Job Description

This role will report to the Associate Vice President, Compensation Advisory. The role will lead a team of compensation professionals in delivering customized solutions aligned to the business strategic requirements at TD. The role will interface with senior business executives, Human Resources Business Partners, HR Advice channels, recruitment, HR Operations and Governance & Controls teams by providing strategic direction on both individualized complex total rewards initiatives as well as broader project-based reviews.

The Senior Manager will be expected to collaborate with internal and external partners to manage the proactive development, implementation, and ongoing delivery of Total Rewards solutions, while ensuring alignment with the broader HR strategy. The successful candidate will be a trusted advisor who will:

Job Responsibilities

• Maintain a thorough understanding of the business group's strategic direction, ensuring alignment of business specific compensation programs with established enterprise Total Rewards principles and objectives;
• Actively monitor trends in the competitive market with a strong understanding of external comparative organizational structures, ensuring both compensation designs and pay level opportunities support the attraction and retention of qualified talent. Identifies the potential implications of changes in compensation and relevant legislation for the organization;
• As the head of Compensation Advisory for the assigned business group, lead and manage end-to-end activities, including day to day compensation advisory and counsel, complex compensation design, ongoing forecasting and monitoring of plan health, competitiveness and alignment to the business strategy;
• Actively participates in supporting the team in critical integration activities;
• Lead analysis/trending and conduct modeling for compensation program design and other strategic analysis and providing advice and support on questions of policy and interpretation of plans;
• Independently manage year-end compensation, leading a team of Compensation professionals to execute flawlessly. Delivering market intelligence and insights by monitoring participation in salary surveys to ensure competitive compensation is in line with business strategy and compensation philosophy; executive and executive equivalent year-end recommendations; providing business specific employee plan oversight and monitoring against the forecast and intended behavioural outcomes;
• Lead and/or actively participate in compensation advisory projects engaging multiple stakeholders in flow of information / assignments across functions using well-established project planning and change management skills, including managing the communication requirements;
• Provide feedback to the policymakers and other total rewards specialists on the plans that require review based on operational issues or changed circumstances within business units;

Job Requirements

Specific Educational Requirements / Accreditations

• Possess a University degree with emphasis in business management, economics, mathematics, finance or post graduate in Human Resources or equivalent work experience.
• Minimum 8 years of progressive compensation experience with a minimum of 3 years experience in a management and/or influential role

Other Qualifications/Skills/Experience

As it relates to the above, the successful candidate will exhibit the following key attributes and competencies:

Strategic Focus

• Looks ahead to reasonably anticipate business opportunities and obstacles.
• Creates long-term strategies and plans that reflect a thorough understanding of how the business operates.

Innovation

• Champions breakthrough ideas, fresh perspectives and creative solutions that add value.
• Fosters an environment that supports innovation and breakthrough ideas.

Critical Thinking

• Sees connections in data, events, trends, etc., not obvious to others.
• Quickly analyzes complex problems to find actionable, pragmatic solutions.
• Identifies unique approaches to deal with situations for which no known precedent exists.
• Makes judgment-based recommendations that have wide-ranging impacts on a given area.

Courageous Leadership

• Proactively shares information, best practices and ideas with others, and articulates a compelling vision, purpose and direction that inspires others to follow.
• Builds a sense of urgency in the team to get results and takes the initiative to find ways to get better results.
• Confronts and works to resolve tough issues under tight timelines

Execution

• Translates strategies into plans that can be effectively executed and establishes clear responsibility for action against priorities.
• Demonstrates perseverance, resilience in the pursuit of goals and a passion for winning in the marketplace.
• Balances competing priorities without losing momentum behind execution.

People Development

• Encourages and coaches' people to build their skills and improve their performance.
• Values and leverages people with different perspectives and experiences.
• Creates a work environment that makes work rewarding and enjoyable and recognizes and celebrates the significant achievements of others.

Communication

• Clearly communicates ideas, plans and priorities to others and persuasively communicates to win support.
• Encourages the honest expression and debate of different views and ideas.
• Understands and uses informal networks to get things done. Superior business acumen and business writing skills

Operational Excellence

• Makes people proud to be part of the company because of his/her personal standards.
• Demonstrates a passion for mastering the details of the business and the marketplace.
• Leverages understanding of key business drivers to get results and demonstrates functional/ technical mastery of the current job.

Additional Information

Specific Qualifications - The preferred candidate will possess:

• Proven track record executing, administering, and designing competitive total rewards programs
• Significant experience in a numerical/analytical capacity with the ability to review and analyze data and present findings to senior business leaders
• Superior consulting, problem solving, and analytical skills.
• Advanced working knowledge of Excel, Word, and Power Point, and a working knowledge of Access an asset.
• Proven management and leadership skills and must be able to persuade and influence colleagues from other areas in order to obtain cooperation in achieving objectives.
• Proven project management skills, with an ability to provide oversight and coordination of multiple projects/changing priorities concurrently under tight timelines and with multiple stakeholders.
• Highly organized, self-motivated, and able to work independently as well as manage a team.
• Ability to manage changing priorities and ability to work under tight deadlines.
• Enjoy working on complex issues and generating creative and business-oriented solutions and working in a professional environment as part of an integrated team.

Who We Are

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing - and so will you.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information

We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process

We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only)

Sans Objet