Manager, Compensation Advisory

Description

DEPARTMENT OVERVIEW

The Compensation Advisory Group, within the Global Total Rewards Group , is TD's in-house Compensation consulting team that provides advice and tailored compensation solutions for each business group based on their respective strategy and business requirements.

JOB DESCRIPTION

This Manager, Compensation Advisory will report to the Senior Manager, Compensation Advisory. The role will manage the day-to-day relationship with our various partners and lead customized solutions aligned to the strategic requirements of the assigned portfolios within TD Wealth portfolio. In this capacity, the individual will interface with the business leaders, our various HR partners (Human Resources Business Partners, HR Advice channels, recruitment, HR Operations), as well as Finance and the Governance & Control teams to provide direction on both individualized complex total rewards requests, the management, design and oversight of incentive plans, and more broadly project-based reviews. 

Key accountabilities:

The Manager will be expected to collaborate with internal and external partners to manage the effective development, implementation, and ongoing delivery of Total Rewards solutions, while ensuring alignment with the broader HR strategy. In doing so, he/she will:

Maintain a thorough understanding of the portfolios' strategic direction, ensuring alignment of business specific compensation programs with established enterprise Total Rewards principles and objectives

Lead and manage end-to-end activities for the assigned portfolio, including day to day compensation advisory and counsel, complex compensation design, ongoing forecasting and monitoring of plan health, competitiveness, and alignment to the Wealth business strategy

Actively monitor trends in the competitive market with a solid understanding of the external comparative organizational structures, ensuring both compensation designs and pay level opportunities allow the attraction and retention of qualified talent

Lead strategic discussions on plan design and conduct complex modeling, stress-testing, analysis for the purposes of compensation design

Develop written materials on program design and impact that is reviewed by the various Conduct Risk Committees and the HR Committee of the Board, as applicable

Prepare and provide guidance and interpretation of analysis, forecasting and summaries on compensation matters, including advice and support on questions of policy and interpretation of plans

Independently manage year-end compensation for the assigned portfolios, including market data intelligence by monitoring participation in salary surveys to ensure competitive compensation as well as alignment with business strategy and compensation philosophy

Actively participate in compensation advisory projects engaging multiple stakeholders in flow of information / assignments across functions using well-established project planning and change management skills, including managing the communication requirements

Encourage and coach Junior team members to build their skills

JOB REQUIREMENTS

Specific Qualifications Required:  

7+ years of relevant Compensation experience

Undergraduate degree with emphasis in business management, mathematics, finance or economics or postgraduate in Human Resources or equivalent experience

Ability to lead and conduct modeling/stress-testing/analysis for the purposes of compensation design

Strong consulting, problem-solving and analytical skills

Experience in a numerical/analytical capacity with the ability to model, review and analyze data and present findings to senior business leaders

Impact and influencing skills with an ability to persuade members from other areas to obtain cooperation in achieving objectives.

Advanced working knowledge of Excel, Word, and Power Point, and a working knowledge of Access an asset.

Project management skills, with an ability to provide oversight and coordination of multiple projects/changing priorities concurrently under tight timelines and with multiple stakeholders.

Highly organized, self-motivated, able to work independently and delegate tasks/work to others.

Ability to manage changing priorities and work under tight deadlines.

Knowledge of wealth management businesses an asset.

Other Qualifications/Skills/Experience: The successful candidate will exhibit the following key attributes and competencies:

Strategic Focus:

Looks ahead to reasonably anticipate business opportunities and obstacles.

  Innovation:  

Champions new and innovative ideas, fresh perspectives and creative solutions that add value.

  Critical Thinking:  

Sees connections in data, events, trends, etc., not obvious to others.

Quickly analyzes problems to find actionable, pragmatic solutions.

  Execution:  

Translates business strategies into plans that can be effectively executed and establishes clear responsibility for action against priorities managing multiple stakeholders and teams.

Balances competing priorities without losing momentum behind execution.

  Communication:  

Clearly communicates ideas, plans and priorities to others.

Encourages the honest expression and debate of different views and ideas.

Understands and uses informal networks to get things done efficiently.

Operational Excellence:  

Leverages understanding of key business drivers to get results and demonstrates functional/technical mastery of the current job.

Attention to detail and ensuring analysis, recommendations, documentation are thoroughly managed and adhered to.

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.
 

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process 
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you

Language Requirement: