What is the opportunity?

As Senior Manager Compensation, you will be responsible for supporting the design, development and implementation of compensation programs for the Capital Markets business. You will provide business partners and senior management expert advice and analytics on all aspects of compensation programs, policies, initiatives and solutions, ensuring that they have a clear understanding of the financial and human capital impact of their HR decisions.

What will you do?

• Develop compensation strategies and frameworks that support business goals and objectives, and be responsible for the advancement of compensation solutions. 
• Design base salary and variable incentive programs that drive revenue generation ensuring programs are motivational, financially viable and generate the highest return on investment and are aligned with intended behaviors and regulatory guidance.
• Assist in the development and preparation of RBC Human Resources Committee and Board related compensation updates and program design documents.
• Manage a full suite of detailed year-end variable compensation analytics, considering multiple data points including employee performance, business performance and market data to arrive at a well-informed compensation recommendation.
• Proactively stay abreast of developments in the external market with whom we compete for business and talent, becoming an expert on relevant competitor compensation practices, key business strategies and responses to regulatory guidance.
• Work with Business Partners and HR Advisory teams to drive compensation solutions that support major business change initiatives (mergers, divestitures, re-alignment of roles, etc.).
• Manage the development of forward looking compensation analytics and research, collection, modeling and analysis of compensation data, providing Business Partners with meaningful and actionable insights and recommendations to help them more effectively manage their compensation spend and increase employee engagement.
• Design and integrate compensation communication, ensuring HR 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, especially in the area of compensation analytics.

What do you need to succeed?

Must-have:

• 5-7 years’ experience in Compensation and/or Finance, ideally within a Capital Markets environment.
• Undergraduate degree in Finance, Commerce, Human Resources, Organizational Behaviour or similar.
• Strong analytical skills with an ability to analyze complex situations, synthesize information, understand issues, identify options, and support sound decision making; and integrate information from different sources into a coherent view.

Nice-to-haves:

• HR professional designation or Finance/Accounting certification

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, competitive compensation
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater scopes of work

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. 

• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater scopes of work

The good-faith expected salary range for the above position is $120,000 - $200,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

·       Drives RBC’s high performance culture

·       Enables collective achievement of our strategic goals

·       Generates sustainable shareholder returns and above market shareholder value

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.