Compensation Advisor

2 months ago

Toronto, Canada TD Bank Full time

**Work Location**:
Toronto, Ontario, Canada

**Hours**:
37.5

**Line of Business**:
Human Resources

**Pay Details**:
$76,800 - $115,200 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

**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.

The Compensation Advisor reports to the Senior Manager, Compensation Advisory and acts as an in-house compensation expert, supporting the design and delivery of custom rewards solutions that align with strategic business requirements. The Compensation Advisor will build great partnerships across Global Compensation, Finance, HR Business Partners and Business Leaders. This role will support the **Business Banking **portfolio.

**Key accountabilities of this role include**:

- Develop and maintain a thorough understanding of TD’s strategic direction, ensuring business-specific compensation programs are aligned with enterprise-wide compensation principles and objectives;
- Monitor and advise on competitive market trends to ensure both compensation design and pay-level opportunities will attract and retain qualified talent;
- Complete and submit variable pay forecasts to our Finance partners;
- Participate in and contribute to the development of tools, workshops and reference materials that increase capability for making informed Total Rewards decisions;
- Manage the annual compensation cycle for the assigned businesses, including survey submission, end-to-end research and market analysis, and presentation of findings;
- Provide advice and counsel on complex compensation recommendations for new hires or internal moves within businesses - for executives and employees;
- Lead and participate in projects, engaging multiple stakeholders in the flow of information and assignments;
- Participate in the review and design of sales incentive plans for the assigned businesses
- Provide business-specific, ad hoc and project-related analysis;
- Participate in broader Global Compensation Advisory projects.

**Job Requirements**
- **Compensation Acumen**: Strong working knowledge of compensation fundamentals, including executive compensation and sales compensation with a proven track record for delivering competitive compensation programs.
- **Analytical & Conceptual Thinking**: Ability to conduct complex analysis and research and translate that knowledge into meaningful insights and recommendations for the business.
- **Critical Thinking**: Ability to identify patterns, trends and relationships in the data that are not immediately obvious to find optimal and pragmatic solutions.
- **Project Management**: Well organized with strong project management skills and able to adapt to changing priorities within a fast-paced and deadline-oriented environment.
- **Executes with Speed and Impact**: Can operate with high standards and build a sense of urgency to get results, always taking the initiative to find ways to get better results and improve efficiency for frequent asks.
- **Acts like An Owner**: Takes ownership of issues and concerns; works to engage relevant stakeholders to resolve.
- **Innovates with Purpose**: Ability to identify new approaches to frequently occurring problems and challenge current paradigms, showing resilience in the pursuit of goals and objectives.
- **Communication and Partnerships**: Communicates clearly, encourages honest dialogue, builds great partnerships and influences others, leveraging both formal and informal networks to get things done.

**Additional Information**
- 4-6 years in a similar compensation-related capacity;
- Bachelors' degree in business management, human resources / labour relations, mathematics or economics preferred, or equivalent relevant working experience.

**Who We Are**:
TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can hel

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