Senior Manager, Compensation, Global Banking & Markets (Back-Office)

Scotiabank; Toronto; On-site; CAD 140,000 - 190,000; Full time

Job summary

Scotiabank is hiring a Senior Manager, Compensation for Global Banking & Markets (Back-Office) to lead compensation programs, provide expert guidance to business leaders and HR partners, and ensure alignment with regulatory and internal policies. The role emphasizes collaboration with senior stakeholders and development of strategic total rewards initiatives.

Based in Toronto, the position requires extensive compensation experience in a global environment, strong Excel skills, and the ability to

Qualifications

• University degree or related designation (CHRP, CCP, GRP).
• Extensive compensation experience in a large, global corporate environment.
• Ability to demonstrate a comprehensive understanding of compensation and human resources policies, practices and standards.
• Ability to work independently, with guidance in only the most complex situations.
• Ability to successfully manage multiple projects/changing priorities concurrently under tight timelines and with multiple stakeholders.
• Requires interaction with an increasingly broad range of stakeholders to influence results and lead implementation of compensation programs.
• Clear and concise writing skills, especially for senior executives.
• Advanced Excel skills.

Responsibilities

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Lead the development, management, governance, implementation and communication of compensation programs for a select business unit.
• Provide advice and recommendations to senior leaders and HR business partners on compensation issues.
• In partnership with the key stakeholders, evaluate, review and design incentive programs in support of business goals to ensure alignment with the Bank’s Global total rewards principles, legal and other regulatory requirements.
• Develop and maintains an external and internal network and awareness of market and industry trends with respect to both Canadian and International compensation matters.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk.
• Champion a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

Skills

Stakeholder management

Executive writing

Advanced Excel skills

Project management

Education

University degree or related designation (CHRP, CCP, GRP)

Job description

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Title: Senior Manager, Compensation, Global Banking & Markets (Back-Office)

Requisition ID: 271627
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Senior Manager contributes to the overall success of Global Rewards by developing and implementing effective and efficient solutions, and providing expert compensation advice in delivering strategic compensation guidance to business leaders and HR business partners. The role ensures business strategies, plans and initiatives are executed and delivered in compliance with governing regulations, internal policies and procedures.

Is this role right for you? In this role you will:

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Lead the development, management, governance, implementation and communication of compensation programs for a select business unit.
  
  • Work closely with senior leaders and key stakeholders to understand challenges and market trends
  • Ensure compensation programs are competitive with the market
• Provides advice and recommendations to senior leaders and Human Resources business partners, and other key internal stakeholders on compensation issues
  • Develops and reviews compensation packages in support of recruitment and/or executive appointments
  • Provides advice and counsel on acquisition due diligence reviews and integrations
• In partnership with the key stakeholders, evaluate, review and design incentive programs in support of business goals to ensure alignment with the Bank’s Global total rewards principles, legal and other regulatory requirements.
• Develop and maintains an external and internal network and awareness of market and industry trends with respect to both Canadian and International compensation matters.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Champion a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

Do you have the skills that will enable you to succeed? We'd love to work with you if you have:

• University degree or related designation (CHRP, CCP, GRP).
• Extensive compensation experience in a large, global corporate environment.
• Ability to demonstrate a comprehensive understanding of compensation and human resources policies, practices and standards
• Ability to work independently, with guidance in only the most complex situations
• Ability to successfully manage multiple projects/changing priorities concurrently under tight timelines and with multiple stakeholders
• Requires interaction with an increasingly broad range of stakeholders (senior leaders and Human Resources business partners, and other key internal stakeholders) to influence results and lead implementation of compensation programs
• Clear and concise writing skills, especially for senior executives
• Advanced Excel skills

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here . We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.