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Payroll Operations Director

2 months ago

Toronto, Ontario, Canada Scotiabank Full time
Job Summary

This is a senior leadership role that oversees the payroll function across the organization. The ideal candidate will have a strong background in payroll operations and leadership, with experience in managing teams and driving business results.

Key Responsibilities
  • Lead and Drive Payroll Operations: Oversee the execution of all activities related to payroll and time processes, ensuring compliance with established controls and legislative requirements.
  • Partner with Cross-Functional Teams: Collaborate with the Global HR Technology Team, Total Rewards COE, Employee Wellbeing Solutions, and other relevant groups to identify and implement solutions to improve/enhance payroll delivery.
  • Build and Lead a High-Performing Team: Build and lead a high-performing team, providing coaching, mentoring, and professional development opportunities to ensure the team's success.
  • Monitor Key Performance Indicators: Monitor key performance indicators (KPI's), ensuring established SLA's are met or exceeded.
  • Engage in Regular Communication: Engage in regular communication and build strong relationships to ensure effective delivery of shared services.
  • Ensure Accurate and Timely Administration: Monitor and ensure the accurate and timely administration, remittance, and reporting of payroll-related activities.
  • Assist with Regulatory Governance: Assist with external and internal (SOX) regulatory governance and requirements.
  • Act as a Subject Matter Expert: Act as a subject matter expert on all aspects of payroll, resolving escalated or high-risk issues or concerns as required.
  • Drive Continuous Improvement: Drive and promote a culture of continuous improvement within the team and within the Operations group, with a focus on transferring learnings and opportunities across the department and leveraging other solutions to enhance efficiency.
  • Understand Risk Appetite and Risk Culture: Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Create a High-Performance Environment: Create an environment in which the team pursues effective and efficient operations within their 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.
  • Build a High-Performance Team: Build a high-performance team and implement a people strategy that attracts, retains, develops, and motivates the team by fostering an inclusive work environment; communicating vision/values/business strategy and managing succession and development planning for the team.
Requirements
  • Post-Secondary Degree: Post-secondary degree in Accounting or Business or related field.
  • PLP or PCP Designation: PLP or PCP designation from the National Payroll Institute. Completed or in progress.
  • Significant Experience: Significant experience in payroll or related field.
  • ERP HCM Systems: Experience with SAP, Oracle/PeopleSoft or other large ERP HCM systems.
  • Deep Understanding: Deep understanding and knowledge of Bank policies and procedures.
  • Strong Knowledge: Strong knowledge of organizational structure and complexity.
  • Excellent Interpersonal Skills: Excellent interpersonal and communication skills.
  • Attention to Detail: Attentive to details and deadlines; ability to manage multiple priorities.
  • Proven Supervisory Experience: Proven supervisory/leadership experience.
  • Strong Analytical Skills: Strong analytical skills.
What's in it for you?
  • Join a Forward-Thinking Team: The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers.
  • Rewarding Career Path: A rewarding career path with diverse opportunities for professional development.
  • Internal Training: Internal training to support your growth and enhance your skills.
  • Inclusive Working Environment: An inclusive working environment that encourages creativity, curiosity, and celebrates success.
  • Hybrid Work Environment: Work in an ecosystem; a bright, modern space where you'll have access to group seating, offices, collaboration spaces, a cafeteria with different options daily, a bistro, and more.