Compensation Consultant

3 weeks ago

Toronto, Canada Royal Bank of Canada Full time

**Come Work with Us**

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

**Job Title**

Compensation Consultant

**What is the opportunity?**

**What will you do?**
- Work collaboratively with HR and management to support quarterly incentive spend forecasts.
- Gather historical compensation data and perform analysis that will be used as the baseline for scenario planning and compensation redesign.
- Produce scheduled and ad hoc compensation reports, working with HR and business partners to consolidate and analyze relevant data.
- Manage third party market research, including the cost effective collection, modeling and analysis of compensation data, providing meaningful insights and action plans.
- Act as a source of expertise for HR Business Partners and people managers in respect of year-end Compensation tools and processes.
- Support compensation communications, ensuring HR Business Partners, people managers and employees receive timely and easy to understand information on their compensation programs.
- Drive efficiency and effectiveness through continuous process improvement, automation and streamlining.

**What do you need to succeed?**

**Must-have**
- Bachelor’s degree, preferably in Finance, Economics, Business, Human Resources, or a related field
- Experience in compensation or management reporting and analysis, ideally within the financial services industry
- Very strong Microsoft Excel and PowerPoint Presentation skills and ability to explore new technologies to enhance the delivery of compensation information
- Keen sense of numbers and strong analytical skills with the ability to multitask and handle high-press executive level requests on a regular basis
- Experience in financial modelling, including understanding of statistics, risk or other quantitative metrics
- Experience managing projects and executing processes and ensuring compliance with policy, legal and administrative requirements

**Nice-to-have**
- Experience using SAP and Web-based compensation tools, e.g. PayFactors, WorkDay
- Experience providing market analytics and insights
- Experience in a large, complex corporate environment

**What’s in it for you?**

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work

**Job Summary**

Provides support in the design, implementation and administration of organizational employees' base salary, incentives, performance and executive compensation. Applies experience and seasoned knowledge, skills, and practices to perform a variety of assignments.

**Address**:
TORONTO, Ontario, Canada

**City**:
CAN-ON-TORONTO

**Country**:
Canada

**Work hours/week**:
37.5

**Employment Type**:
Full time

**Platform**:
Human Resources

**Job Type**:
Regular

**Pay Type**:
Salaried

**Posted Date**:
2023-08-02

**Application Deadline**:
2023-08-17

**I**nclusion** and Equal Opportunity Employment**

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

**Join our Talent Community**

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