Compensation Analyst for Global Banking and Markets
2 days ago
About Scotiabank:
Scotiabank is a leading bank in the Americas, driven by our purpose: 'for every future'. We provide personal and commercial banking, wealth management, private banking, corporate and investment banking, and capital markets services.
About the Role:
The Compensation Consultant supports the development and delivery of Global Banking and Markets (GBM) programs and policies, ensuring compliance with governing regulations and internal policies. The role involves supporting market compensation surveys, analyzing data, preparing results, and developing Excel models and Power BI reports for in-depth quantitative analysis.
Key Responsibilities:
- Supports the GBM Compensation teams by completing market compensation surveys and conducting analysis of market data
- Provides analytical support in the design and implementation of GBM Compensation programs
- Develops Excel models and Power BI reports to conduct in-depth quantitative analysis, costing, forecasting, and scenario testing
- Participates in the year-end compensation cycle, including performing data analytics, providing reports to HR Business Partners, and investigating and resolving data issues
- Supports the preparation of compensation packages for recruitment
- Understands how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions
- Actively pursues effective operations, ensuring the adequacy, adherence to, and effectiveness of business controls to meet obligations related to operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk
Requirements:
- Undergraduate University degree with 2-3 years' experience in compensation, finance, or other highly analytical positions
- Advanced Microsoft Excel skills (vlookup, pivot tables, match/index, nested ifs, etc.)
- Strong Word and PowerPoint skills
- Experience in compensation survey preparation and analysis
- Detail-oriented, analytical, and strong mathematical aptitude
- Certified Compensation Professional (CCP) designation or working towards one
- Knowledge of legislation and regulations pertaining to compensation and knowledge of Bank policies and operations an asset
- Banking or Financial Services experience an asset
What You'll Get:
- Global scope and opportunities
- An assigned portfolio and project-based work
- Potential to present analysis and recommendations
Location: Toronto, Ontario, Canada
Salary: $80,000 - $110,000 per annum, based on experience
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