Job Description

What is the opportunity? 

This position calls on your relationship management, analytical and problem-solving skills to design, develop, implement and communicate compensation solutions. You add value by applying both creativity and technical expertise, aligning salary, short term incentive and equity programs with RBC’s compensation principles and business strategies.  In providing expert advice to executives, senior management and functional partners, you will ensure they have a clear understanding of the financial and human capital impact of their compensation decisions.  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?

• Develop compensation strategies and frameworks that support the business goals and objectives.
• Advance compensation solutions for salary, incentive, direct drive and commission programs that align with RBC’s compensation principles and regulatory expectations, incentivize desired behaviours, and address financial, operational risks and people risks.
• Consult with HR Business Partners and business leaders to integrate and apply compensation programs to initiatives and individual employee circumstances. 
• Develop compensation communications that ensure people managers and employees receive timely and easy to understand information.
• Manage market research, including the cost effective collection, modeling and analysis of compensation data, providing meaningful insights and action plans.
• Cultivate and maintain strong relationships with HR Business Partners and leaders; problem solve through root cause analysis; demonstrate the ability to impact and influence.
• Proactively leverage external networks to obtain market intelligence and remain current with market trends.
• Drive efficiency and effectiveness through continuous process improvement, automation and streamlining

What do you need to succeed?

Must-have

• Bachelor’s degree, preferably in Human Resources, Finance, Economics, Business or a related field
• 3 years+ experience in compensation design and governance
• Demonstrated experience in incentive design
• Strong technical skills in the design and management of sophisticated compensation programs

 Nice-to-have

• Experience providing market analytics and insights
• Experience with HRIS systems, e.g. Workday
• Experience using a Web-based compensation tool, e.g., Pay Factors
• Experience in a large, complex corporate environment
• Experience with internal consulting, including interacting with senior executives

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 competitive compensation, bonuses and flexible benefits.
• Continued opportunities for career advancement.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.

Job Summary

Manages the development, implementation, maintenance and communication of the organization's compensation programs, policies and processes; oversees the analysis of budgets and plans within various pay programs. Typically manages 2 or more specialized departments comprised of supervisors, managers, professionals, and/or large numbers of operational support employees