Senior Manager, Wealth Management Compensation (Global HR)

Scotiabank; Toronto; On-site; CAD 100,000 - 140,000; Full time

Job summary

A leading bank in the Americas is seeking a Senior Manager for Wealth Management Compensation based in Toronto. This role is pivotal in developing effective compensation strategies and providing expert guidance to business leaders and HR partners. Responsibilities include managing compensation programs, advising on market trends, and fostering a high-performance culture within the team. The ideal candidate will possess extensive experience in compensation in a global setting and demonstrate strong leadership skills. Join us to drive excellence and innovation in our total rewards program.

Benefits

Inclusive work environment

Career development opportunities

Competitive compensation package

Qualifications

• Demonstrates a comprehensive understanding of compensation and human resources policies, practices, and standards.
• Works independently with guidance in only the most complex situations.
• Requires interaction with a broad range of stakeholders.

Responsibilities

• Champion a customer focused culture to deepen client relationships.
• Lead development and communication of compensation programs.
• Provide advice on compensation issues to senior leaders.
• Evaluate incentive programs to ensure alignment with business goals.
• Develop and maintain networks for market and industry trends.

Skills

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

Extensive compensation experience in a large, global corporate environment

Understanding of compensation and human resources policies

Ability to manage multiple projects under tight timelines

Clear writing skills, especially for senior executives

Advanced Excel skills

Education

University degree

Job description

Senior Manager, Wealth Management Compensation - (Global HR)

Requisition ID: 246848

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 Total 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
• Provide advice and recommendations to senior leaders and Human Resources business partners, and other key internal stakeholders on compensation issues
  • Develop and reviews compensation packages in support of recruitment and/or executive appointments
  • Provide advice and counsel on acquisition due diligence reviews and integrations
• In partnership with the key stakeholders, evaluate and review 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 in this role? 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.
• Demonstrates a comprehensive understanding of compensation and human resources policies, practices and standards
• Works 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 . 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.