Compensation Consultant

Job title:

Compensation Consultant

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?This position calls on your analytical and project management skills to support the design, development and execution of compensation solutions. You add value by applying technical expertise to support the building of compensation models, forecasting compensation costs for financial accruals, project managing market surveys, and preparing compensation reports, presentations and analysis. In this role you will report to the Senior Director, Compensation and join a highly motivated team of HR professionals who are committed to creating exceptional employee experiences that enable RBC to attract, engage and retain talent.What will you do?

• Work collaboratively with HR and management to support quarterly incentive spend forecasts.
• Gather historical compensation data and perform analysis that will be used as the baseline for scenario planning and compensation redesign.
• Produce scheduled and ad hoc compensation reports, working with HR and business partners to consolidate and analyze relevant data.
• Manage third party market research, including the cost effective collection, modeling and analysis of compensation data, providing meaningful insights and action plans.
• Act as a source of expertise for HR Business Partners and people managers in respect of year-end Compensation tools and processes.
• Support compensation communications, ensuring HR Business Partners, people managers and employees receive timely and easy to understand information on their compensation programs.
• Drive efficiency and effectiveness through continuous process improvement, automation and streamlining.

What do you need to succeed?Must-have

• Bachelor’s degree, preferably in Finance, Economics, Business, Human Resources, or a related field
• Experience in compensation or management reporting and analysis, ideally within the financial services industry
• Very strong Microsoft Excel and PowerPoint Presentation skills and ability to explore new technologies to enhance the delivery of compensation information
• Keen sense of numbers and strong analytical skills with the ability to multitask and handle high-press executive level requests on a regular basis
• Experience in financial modelling, including understanding of statistics, risk or other quantitative metrics
• Experience managing projects and executing processes and ensuring compliance with policy, legal and administrative requirements

Nice-to-have

• Experience using SAP and Web-based compensation tools, e.g. PayFactors, WorkDay
• Experience providing market analytics and insights
• Experience in a large, complex corporate environment

What’s in it for you?We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

Job Skills Analytical Thinking, Compensation Management, Confidentiality, Critical Thinking, Data Gathering Analysis, Detail-Oriented, Employee Relationships, Finance, Knowledge Organization, Large Group Presentations, Long Term Planning, Personal Initiative, Process Improvements, Salary Structure Design, Total Rewards, Workforce AnalyticsAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: HUMAN RESOURCES & BMCCJob Type: RegularPay Type: SalariedPosted Date: 2025-01-20Application Deadline: 2025-02-01Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Toronto, ON

Job date

Tue, 21 Jan 2025 23:14:20 GMT

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