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Scotiabank
Director, Compensation SolutionsScotiabank • Toronto, ON, CA
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Director, Compensation Solutions

Director, Compensation Solutions

Scotiabank • Toronto, ON, CA
30+ days ago
Job type
  • Full-time
Job description

Is this role right for you?

In this role:
  • Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
  • Lead the Compensation Solutions team, providing strategic compensation advisory support and administration across base salary, annual incentive, and equity planning
    Guide compensation advisory support for managers and employees through AskHR and partners with Total Rewards on guidelines and escalation points Direct end-to-end compensation planning activities (business requirements, system testing, year-end cycles) including Executive AIP, Non-Executive AIP, BIP, CBIP, and GBM globally
  • Oversee Executive Services and Global Mobility
    Lead the management and administration of the Bank’s equity programs, executive perquisite, Global Mobility and other activities (T4 preparation, Related Parties disclosure signoff, note disclosures for Financial Statements, etc.)
  • Enhance Compensation Solutions' offer through: continuous improvement, identification and resolution of areas of opportunity, automation and streamlining of activities & processes Working with TR and HR teams globally to streamline and automate other related compensation cycles (i.e. Colombia annual January salary review – inflationary adjustments, integral to standard base salary regime change; Peru legal gratification and inflation salary cycle; Chile salary review; global mid-year salary review cycle; identify, develop and implement compensation related EC business rules)
  • Responsible for assessment and implementation of a specialized incentive plan tool that will facilitate: Calculation of specialized incentive awards Facilitate straight through processing of payments to EC and payroll Provide employee statements outlining their annual compensation under their specialized incentive plan Implementation of a workflow approval process for each business lines sales effectiveness and management teams Sales management and incentive spend reporting
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Create an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  • Build a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

  • University degree or related designation (CHRP, CCP, GRP).
  • Compensation, HR Operations, HRIS or Payroll experience in a large, global corporate environment.
  • Demonstrates a comprehensive understanding of compensation and human resources policies, practices and standards
  • Works independently, with guidance in only the most complex situations
  • Ability to successfully manage multiple projects/changing priorities concurrently under tight timelines and with multiple stakeholders
  • Requires interaction with an increasingly broad range of stakeholders (internal and external) to influence results and lead implementation of programs
  • Strong communication and clear and concise writing skills

#Payroll #Compensation #HROperations #HRIS

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Director, Compensation Solutions • Toronto, ON, CA

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