Manager, Compensation Advisory

2 weeks ago

Toronto, Canada TD Bank Full time

407872BR

Human Resources

Toronto, ON

May 1, 2023

Company Overview

Department Overview

The Compensation Advisory Group, within the Global Total Rewards Group, is TD’s in-house Compensation consulting team that provides advice and tailored compensation solutions for each business group based on their respective strategy and business requirements.

**Job Description**:
**About this Role**

The Manager, Compensation Advisory will be responsible for managing the day-to-day relationships with our various partners and lead customized solutions aligned to the strategic objectives. In this capacity, the individual will interface with business leaders, our various HR partners (Human Resources Business Partners, HR Advice channels, recruitment, HR Operations), as well as Finance and the Governance & Control teams to provide direction on both individualized complex total rewards requests, the management, design and oversight of incentive plans, and more broadly project-based reviews.

**Key accountabilities**

The Manager will be expected to collaborate with internal and external partners to manage the effective development, implementation, and ongoing delivery of Total Rewards solutions, while ensuring alignment with the broader HR strategy. In doing so, he/she will:

- Maintain a thorough understanding of the portfolios’ strategic direction, ensuring alignment of business specific compensation programs with established enterprise Total Rewards principles and objectives
- Work closely with the Talent Acquisition partners, providing advice on complex compensation recommendations
- Lead and manage end-to-end activities for the assigned portfolio, including day to day Compensation Advisory and counsel, complex compensation design, ongoing forecasting and monitoring of plan health, competitiveness, and alignment to the Wealth business strategy
- Actively monitor trends in the competitive market with a solid understanding of the external comparative organizational structures, ensuring both compensation designs and pay level opportunities allow the attraction and retention of qualified talent
- Lead strategic discussions on plan design and conduct complex modeling, stress-testing, analysis for the purposes of compensation design
- Develop written materials on program design and impact that is reviewed by the various Conduct Risk Committees and the HR Committee of the Board, as applicable
- Prepare and provide guidance and interpretation of analysis, forecasting and summaries on compensation matters, including advice and support on questions of policy and interpretation of plans
- Independently manage year-end compensation for the assigned portfolios, including market data intelligence by monitoring participation in salary surveys to ensure competitive compensation as well as alignment with business strategy and compensation philosophy
- 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
- Encourage and coach Junior team members to build their skills

**Requirements**:
**What can you bring to TD?**
**Job Requirements**
Ability to lead and conduct modeling/stress-testing/analysis for the purposes of compensation design;
**Other Qualifications/Skills/Experience**:
**Strategic Focus**:

- Looks ahead to reasonably anticipate business opportunities and obstacles.

**Innovation**:

- Champions new and innovative ideas, fresh perspectives and creative solutions that add value.

**Critical Thinking**:

- Sees connections in data, events, trends, etc., not obvious to others.
- Quickly analyzes problems to find actionable, pragmatic solutions.

**Execution**:

- Translates business strategies into plans that can be effectively executed and establishes clear responsibility for action against priorities managing multiple stakeholders and teams.
- Balances competing priorities without losing momentum behind execution.

**Communication**:

- Clearly communicates ideas, plans and priorities to others.
- Encourages the honest expression and debate of different views and ideas.
- Understands and uses informal networks to get things done efficiently.

**Operational Excellence**:

- Leverages understanding of key business drivers to get results and demonstrates functional/technical mastery of the current job.
- Attention to detail and ensuring analysis, recommendations, documentation are thoroughly managed and adhered to.

Additional Information
- 7+ years of relevant compensation experience
- Undergraduate degree with emphasis in business management, mathematics, finance or economics or postgraduate in Human Resources or equivalent experience
- Strong consulting, problem-solving and analytical skills
- Experience in a numerical/analytical capacity with the ability to model, review and analyze data and present findings to senio

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