Business Analyst, Compensation

**Business Analyst, Compensation**

**Take a central role**
The Bank of Canada has a vision to be “a leading central bank—dynamic, engaged and trusted—committed to a better Canada.” No other employer in the country offers you the unique opportunity to work at the very center of Canada’s economy, in a diverse and inclusive organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in an environment where we are reinventing central banking, renewing ways of doing business and reinforcing a culture of innovation.

Find out more about the next steps in our Recruitment process.

**Our Compensation Team**

We offer many opportunities for career development and mentorship - both within and outside of HR. You will have the full support of your leader and teammates to enhance your skills, experiment, and drive our compensation program forward

**What you will do**
As a Business Analyst in our Compensation team, you will be accessing market data and survey submissions to gather and organize the information. You will help the team analyze small to medium data sets and create charts in Excel and other data visualization tools.

In addition, you will:

- Coordinate documentation updates for compensation related processes, as well as maintain business documentation to record changes to policy, processes and procedures.
- Prepare custom letters, including calculation of compensation elements such as retention bonuses and salary adjustments.
- Provide contract administration support.
- Assist in gathering data for Access to Information & Privacy (ATIP) and Parliamentary questions.

**What you need to succeed**
You are committed to being adaptable and flexible, willing to tackle opportunities as well as take on challenges with creativity and a positive attitude. You work collaboratively with others to solve problems and help determine how processes fit together between teams and departments and you are not afraid to suggest improvements and ideas to the team. You can be trusted with sensitive information. Furthermore, you are excited to use your knowledge of technology to help our team present trends in data in a visually appealing way (ex: through graphs, charts, etc.) and to introduce efficiencies in our day-to-day work.

**Nice-to-have**
- Experience with Power BI or similar software

**Your education and experience**
This position requires a bachelor’s degree and two years of relevant experience, or an equivalent combination of education and experience may be considered.

Don’t know too much about HR & Compensation? Don’t worry, if you are keen to learn new skills and acquire knowledge about the work of HR, we want to hear from you

Please note that we are open to filling this position with a co-op student for 12-18 months.

**What you need to know**
- Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
- Priority will be given to Canadian citizens and permanent residents
- Security level required: Be eligible to obtain Reliability
- There will be no relocation assistance provided
- Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.

**Remote work / Hybrid Work Model **#LI-Remote**

The Bank is conducting a trial of a hybrid working model which provides employees with the flexibility to telework for significant portions of each month. During the trial, employees will be expected to come onsite on those days when they are involved in activities that they or their leader feel are better conducted in person and to build connections with colleagues. For the majority of employees, it is expected that onsite time will range from 5 to 10 days per month, depending on your role. You must live in Canada, and within reasonable commuting distance of the office. For this position, should you not live within reasonable commuting distance of the office, you will be able to work 100% remote (within Canada) for the duration of this term.**What you can expect from us**
This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career. For more information on key benefits please visit A great deal to consider.
- Salaries are based on qualifications and experience and typically range from $66,000 to $77,645 (job grade 14)
- Depending on performance, you may be eligible for performance pay for successfully meeting (5 to 7% of your base salary) or for exceeding expectations (10% of your base salary). Exceptional performers who far exceed expectations may be eligible for higher performance pay.
- Flexible and comprehensi