Compensation Strategist
4 weeks ago
Job Summary
The Compensation Strategist will be responsible for designing, analyzing, and executing North American strategies to comply with pay equity legislation and voluntary initiatives to ensure fair pay for all employees.
This role is well-suited for someone with excellent organization and attention to detail who enjoys being responsible for managing longer-term projects and change management, program management, and stakeholder collaboration.
The ideal candidate will be able to keep track of multiple priorities over longer horizons and ensure sufficient time has been built in to meet deadlines.
They will also enjoy navigating complex multi-faceted problems and becoming a deep subject matter expert.
The Compensation Strategist will provide compensation expert advice and counsel through various business/group and leadership engagements to execute BMO's strategy and support the business/group strategy.
They will support/define the strategic direction, governance design, program design, and execution of compensation programs at BMO.
The ideal candidate will understand and align to regulatory requirements in applicable jurisdictions.
They will complete specific strategic & operational work to deliver program objectives and/or minimize risk.
Key Responsibilities
- Provides strategic input into business decisions as a trusted advisor.
- Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
- Provides expert advice, and support regarding employee and executive compensation issues including internal/external program effectiveness assessment, and governance.
- Conducts independent analysis to resolve strategic issues.
- Acts as a subject matter expert on relevant regulations and policies.
- Influences and negotiates to achieve business objectives.
- Manages day-to-day regulatory requests and reporting requirements to ensure BMO meets regulatory requirements in applicable jurisdictions.
- Identifies internal and/or external emerging issues, trends, and needs to inform business strategies & decisions.
- Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
- Recommends changes on policy decisions.
- Enhances subject matter expertise and keeps abreast of trends by reading journals and articles.
- Develops the business case by identifying needs, analyzing potential options, and assessing expected return on investment.
- Recommends business priorities, advises on resource requirements, and develops a roadmap for strategic execution.
- Provides design requirements to help define & advance compensation strategy.
- Assists in the development of strategic plans.
- Acts as the prime subject matter expert for internal/external stakeholders.
- Manages relationships with outside service providers for programs and ensures all required activities are completed.
- Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
- Provides advanced analytical and other project support in the design, development, implementation, and evaluation of policies and programs.
- Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.
- Leads the development of the communication strategy focusing on positively influencing or changing behavior.
- Collaborates across BMO to develop communications strategies and ensures consistency of messaging, in order to positively influence or change behavior.
- Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
- Directs the planning and implementation of operational programs.
- Ensures governance review of compensation programs, including assessing if programs comply with principles & policies and legislative requirements and confirming that incentive pool funding is accurately forecast.
- Develops compensation programs/solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
- Provides input into the planning & implementation of operational programs.
- Supports the design, development, and implementation of multi-year strategy for compensation that improves employee productivity, engagement, and advocacy in alignment with BMO's overall business strategy.
- Breaks down strategic problems, and analyzes data and information to provide insights and recommendations.
- Gathers and formats data into regular and ad-hoc reports, and dashboards.
- Supports regulatory requests, including regulatory reporting, to ensure BMO meets regulatory requirements in applicable jurisdictions.
- Participates in / coordinates industry benchmarking processes that allow for better understanding of BMO's program in relation to comparators.
- Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
- Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
- Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
- Implements changes in response to shifting trends.
- Broad work or accountabilities may be assigned as needed.
Qualifications
- Typically 7+ years of relevant experience and post-secondary degree in 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 & written communication skills - In-depth / Expert.
- Analytical and problem-solving skills - In-depth / Expert.
- Influence skills - In-depth / Expert.
- Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
- Able to manage ambiguity.
- Data-driven decision making - In-depth / Expert.
Salary
$92,400.00 - $171,600.00
Pay Type
Salaried
The above represents BMO Financial Group's pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure.
Salaries for part-time roles will be pro-rated based on the number of hours regularly worked.
For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.
BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards.
BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.
To view more details of our benefits, please visit:
We're here to help
At BMO, we are driven by a shared Purpose: Boldly Grow the Good in business and life.
It calls on us to create lasting, positive change for our customers, our communities, and our people.
By working together, innovating, and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team, you are valued, respected, and heard, and you have more ways to grow and make an impact.
We strive to help you make an impact from day one – for yourself and our customers.
We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs.
From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.
To find out more, visit us at:
BMO is 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.
To request accommodation, please contact your recruiter.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate.
Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property.
BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume.
A recruiting agency must first have a valid, written, and fully executed agency agreement contract for service to submit resumes.
-
Compensation Strategist
4 weeks ago
Toronto, Ontario, Canada BMO Full timeJob SummaryWe are seeking a highly skilled Compensation Strategist 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 comply with pay equity legislation and voluntary initiatives.Key ResponsibilitiesDevelop and implement compensation programs that...
-
Compensation Strategist
4 weeks ago
Toronto, Ontario, Canada BMO Full timeJob SummaryWe are seeking a highly skilled Compensation Strategist 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 ResponsibilitiesDevelop and implement compensation strategies that align with BMO's overall...
-
Compensation and Benefits Strategist
2 weeks ago
Toronto, Ontario, Canada CIBC Mellon Full timeAbout the RoleAs a key member of the Total Rewards team at CIBC Mellon, we are seeking an experienced Compensation and Benefits Strategist to join our organization. This role will play a critical part in shaping our compensation and benefits programs, ensuring they remain competitive and aligned with our business goals.We are looking for a highly skilled...
-
Compensation and Benefits Strategist
6 days ago
Toronto, Ontario, Canada BMO Full time**About BMO Financial Group**We are a financial institution with a purpose to boldly grow the good in business and life. Our employees make an impact by creating lasting, positive change for our customers, communities, and people.**Job Summary**We are seeking a highly skilled Compensation and Benefits Strategist to join our team. As a key member of our human...
-
Chief Compensation Strategist
1 month ago
Toronto, Ontario, Canada Emburse Full timeThe Chief Compensation Strategist will lead the development and implementation of a comprehensive compensation strategy that aligns with Emburse's business objectives. This role will oversee the design and management of various compensation programs, including base pay, incentive pay, and equity-related initiatives.Key responsibilities will...
-
Compensation Strategist for Asset Management
6 days ago
Toronto, Ontario, Canada Mackenzie Investments Full timeMackenzie Investments is a leading diversified wealth and asset management company in Canada, with approximately $252 billion in total assets under management.We are seeking a Compensation Strategist to join our Human Resources department located in Toronto, Winnipeg, or Montreal.Job Description:The Compensation Strategist will support the company and its...
-
Compensation Strategist and Culture Builder
6 days ago
Toronto, Ontario, Canada CLIO Full timeClio, a global leader in transforming the legal experience, is seeking a highly skilled Compensation Strategist and Culture Builder to join our team. As a key member of our Compensation and Planning team, you will play a critical role in shaping our compensation philosophy and practices, ensuring they align with our values and goals.The ideal candidate will...
-
Compensation and Benefits Strategist
1 week ago
Toronto, Ontario, Canada IKO Full timeOverview:IKO Industries Ltd. is a leading organization in the industry, renowned for its commitment to excellence and employee satisfaction. We are seeking a highly skilled Compensation and Benefits Strategist to join our HR team at our Toronto, ON or Mississauga, ON office.Estimated Salary: $120,000 - $150,000 per yearAbout the Role:The successful candidate...
-
Compensation Strategist
6 days ago
Toronto, Ontario, Canada Momentum Financial Services Group_new Full timeMomentum Financial Services Group_new: Compensation AdvisorWe are seeking a highly skilled Compensation Advisor to join our team at Momentum Financial Services Group_new. This role will play a key part in developing, implementing, and managing compensation programs, policies, and procedures.
-
Marketing Strategist
2 weeks ago
Toronto, Ontario, Canada Huatong International Holding Ltd Full timeAbout Huatong International Holding LtdAt Huatong International Holding Ltd, we are seeking a skilled Marketing Strategist to join our team. This role is ideal for individuals who possess a strong background in marketing and are eager to contribute to the growth of our company.Job SummaryWe are looking for a detail-oriented Marketing Strategist with...
-
Digital Product Strategist
6 days ago
Toronto, Ontario, Canada CB Canada Full timeJob Title: Digital Product StrategistCB Canada is seeking a Digital Product Strategist to join our team.As a Digital Product Strategist, you will be responsible for creating innovative ideas to enhance customer experience and journey.You will actively increase lead generation for optimal business use and develop products with the Technology team while using...
-
Digital Product Strategist
7 days ago
Toronto, Ontario, Canada CB Canada Full timeRobert Half is seeking a Digital Product Strategist to join our client in the Insurance industry.The ideal candidate will have 5-7 years of experience in digital marketing and be proficient with Adobe Experience Manager, Adobe Target, and Adobe Analytics.This is a hybrid position located downtown Toronto, offering a competitive hourly rate of $28-$35 per...
-
Data Insights Strategist
4 weeks ago
Toronto, Ontario, Canada BrokerLink Full timeAt BrokerLink, we're committed to fostering a culture of excellence and customer-driven innovation. As a key member of our team, you'll play a vital role in driving business growth through data-driven insights.We're seeking a seasoned Data Insights Strategist to join our team and contribute to the development of sustainable predictive analytics models that...
-
Human Resources Strategist
7 days ago
Toronto, Ontario, Canada Zulu Alpha Kilo Full timeAbout Zulu Alpha KiloWe are a leading advertising, marketing and public relations agency seeking a highly skilled Human Resources Strategist to join our team.Compensation and BenefitsThe estimated annual salary for this role is $80,000 - $120,000 based on industry standards.Job DescriptionThis HR Strategist will play a key role in planning and controlling...
-
Digital Commerce Strategist
4 days ago
Toronto, Ontario, Canada Apex Systems Full timeJob OverviewWe are seeking a highly skilled Digital Commerce Strategist to join our team at Apex Systems. This is an exciting opportunity for a talented individual to leverage their expertise in eCommerce and data analytics to drive business growth.Key ResponsibilitiesDevelop and implement data-driven content strategies in collaboration with vendor partners...
-
Digital Marketing Strategist
1 week ago
Toronto, Ontario, Canada Khau Gully Full timeKhau Gully is seeking a highly skilled Digital Marketing Strategist to join their team.About the RoleWe are looking for an experienced professional to take on the role of Digital Marketing Strategist. The ideal candidate will have excellent communication and project management skills, as well as a strong understanding of digital marketing...
-
Global Compensation Strategist
6 days ago
Toronto, Ontario, Canada IKO Full timeJob OverviewThe North American Total Rewards Manager plays a pivotal role in driving the organization's human resources priorities and objectives. This position oversees the coordination and management of the company's overall employee compensation and benefit program, ensuring compliance with corporate standards and accountability.Salary and BenefitsThis...
-
Digital Media Strategist
1 week ago
Toronto, Ontario, Canada Spark Foundry Full timeJob OverviewWe are seeking a highly skilled Digital Media Strategist to join our team at Spark Foundry.ResponsibilitiesGather and analyze marketing, client, industry, competitive, human insight data to determine the client's advertising and media needsAnalyze media alternatives and make multi-media recommendations to best allocate budgets across media,...
-
Compensation Governance Strategist
6 days ago
Toronto, Ontario, Canada The Toronto-Dominion Bank (Canada) Full timeOverview of The Toronto-Dominion Bank (Canada)The Toronto-Dominion Bank is one of the world's leading global financial institutions, with a presence in Canada and the United States.SalaryThe estimated annual salary for this position is $120,000 - $180,000, based on industry standards and location.Job Description:We are seeking an Incentive Design Governance...
-
Global Compensation Strategist
2 weeks ago
Toronto, Ontario, Canada Thomson Reuters Full timeAbout the RoleWe are seeking an exceptional Senior Compensation Analyst to join our Design & Analytics team. As a senior member, you will play a crucial role in developing and implementing comprehensive analytical solutions/tools, providing HR and other Reward team members with intelligence and data to inform pay governance and strategy.ResponsibilitiesAct...