Compensation Expert

1 month ago

Toronto, Ontario, Canada BMO Full time
Job Summary

We are seeking a highly skilled Compensation Expert to join our team at BMO. As a key member of our Compensation team, you will be responsible for designing, analyzing, and executing North American strategies to ensure fair pay for all employees.

Key Responsibilities
  • Develop and implement compensation strategies to ensure compliance with pay equity legislation and voluntary initiatives.
  • Provide expert advice and counsel to senior leaders on compensation matters, including internal and external program effectiveness assessment and governance.
  • Conduct independent analysis to resolve strategic issues and provide recommendations to senior leaders.
  • Manage day-to-day regulatory requests and reporting requirements to ensure BMO meets regulatory requirements in applicable jurisdictions.
  • Identify internal and external emerging issues, trends, and needs to inform business strategies and decisions.
  • Manage resources and lead the execution of strategic initiatives to deliver on business and financial goals.
  • Develop the business case by identifying needs, analyzing potential options, and assessing expected return on investment.
  • Recommend business priorities, advise on resource requirements, and develop a roadmap for strategic execution.
  • Provide design requirements to help define and advance compensation strategy.
  • Act as the prime subject matter expert for internal and external stakeholders.
  • Manage relationships with outside service providers for programs and ensure all required activities are completed.
  • Define business requirements for analytics and reporting to ensure data insights inform business decision-making.
  • Provide advanced analytical and other project support in the design, development, implementation, and evaluation of policies and programs.
  • Lead change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.
  • Lead the development of the communication strategy focusing on positively influencing or changing behavior.
  • Collaborate across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behavior.
Requirements
  • Typically 7+ years of relevant experience and post-secondary degree in a related field of study or an equivalent combination of education and experience.
  • Expert knowledge of compensation theory and program design methodology.
  • Seasoned professional with a combination of education, experience, and industry knowledge.
  • Verbal and written communication skills - In-depth/Expert.
  • Analytical and problem-solving skills - In-depth/Expert.
  • Influence skills - In-depth/Expert.
  • Collaboration and team skills; with a focus on cross-group collaboration - In-depth/Expert.
  • Able to manage ambiguity.
  • Data-driven decision-making - In-depth/Expert.
What We Offer

BMO offers a competitive salary range of $92,400.00 - $171,600.00, as well as a comprehensive benefits package, including health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

We are committed to an inclusive, equitable, and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process.

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