Senior Manager, Compensation Governance and Compliance - Global Human Resources

Scotiabank; Toronto; On-site; CAD 100,000 - 150,000; Full time

Job summary

Scotiabank seeks a Senior Manager for Compensation Governance within Global Human Resources in Toronto. This role is pivotal in ensuring compliance with regulatory frameworks and involves leading significant compensation initiatives. Applicants should possess substantial compensation experience alongside strong organizational and communication skills, aligning with Scotiabank’s commitment to a diverse and inclusive workplace.

Qualifications

• 5 to 8+ years of compensation experience, including executive compensation.
• Strong organizational skills and attention to detail are critical.
• Excellent written and verbal communication skills in English.

Responsibilities

• Lead the design and delivery of governance initiatives for compensation.
• Manage the Human Capital and Compensation Committee's agenda and process.
• Monitor regulatory requirements and ensure compliance across jurisdictions.

Skills

Compensation governance

Regulatory compliance

Attention to detail

Communication skills

Project management

Tools

Excel

Word

PowerPoint

Job description

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Title: Senior Manager, Compensation Governance and Compliance - Global Human Resources

Requisition ID: 228350

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 the governance and compliance of compensation for the Bank globally, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are 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 design and delivery of significant projects and governance and regulatory compensation initiatives including accountability for planning and end-to-end delivery, gap analyses and annual reviews (e.g., conducting reviews of the Bank’s remuneration policies and programs against local regulatory requirements). Applies specialized knowledge of enterprise policies and remuneration-related regulations to ensure the Bank’s compliance globally and in specific jurisdictions
• Manage the overall Human Capital and Compensation Committee of the Board’s (HCOB’s) agenda and process including material preparation and management of quality and timelines, etc. in support of the HCOB’s mandate. This includes reviewing materials created by other content contributors and suggesting amendments, drafting cover memos and resolutions, drafting / updating HCOB-related policies and other materials (e.g., Independent Advisor Policy, HCOB annual work plan, UK and Ireland remuneration-related updates, etc.), and collaborating with local HR to ensure the HCOB’s discharge of local requirements as the overarching remuneration committee for Scotiabank
• Monitor and prepares responses to remuneration governance and regulatory developments to ensure the Bank’s compliance with global and local regulatory requirements and guidelines, and contributes to the development of the Bank’s response to shareholder and regulatory compensation-related requests and preparation of related disclosures, reports and filings (e.g., compensation of material risk employees, Pillar 3 reports, portions of the Management Proxy Circular, etc.), which must stand up to rigorous scrutiny by external and internal reviewers including regulators, shareholders, proxy advisors, Internal Audit and Compliance.
• 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 in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champion a high performance environment and contributes to an inclusive work environment.
  
  

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

• 5 to 8+ years of compensation experience, which may include executive and regulatory compensation, compensation governance & disclosure
• Regular interactions with other managers, directors and executives
• Materials are reviewed by Bank executives, board members and regulators, so must be prepared to an “executive ready” standard
• Strong organization skills and attention to detail is critical
• Excellent written and verbal communication skills in English, and proficient in Excel, Word and PowerPoint
  

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 . Candidates must apply directly online to be considered for this role. 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.