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About the Role

As Director Compensation, you will support the Senior Director in leading the strategic design and implementation of compensation programs for the Capital Markets business. You will work closely with senior leadership to provide expert advice on all aspects of compensation programs, policies, initiatives and solutions, and manage key compensation initiatives and analytics while building and developing the compensation team.

Responsibilities

Support the Senior Director in developing and implementing compensation strategies and frameworks that support business goals and objectives
Lead the design of base salary and variable incentive programs that drive revenue generation, ensuring programs are motivational, financially viable, and aligned with intended behaviors and regulatory guidance
Support the development and preparation of RBC Human Resources Committee and Board-related compensation updates and program design documents
Work with business leaders and HR teams to drive compensation solutions for major business change initiatives
Lead and 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 well-informed compensation recommendations
Proactively stay abreast of developments in the external market, becoming an expert on relevant competitor compensation practices, key business strategies, and responses to regulatory guidance
Collaborate closely with the Senior Director on team strategy and developing the compensation team, fostering a high-performing culture committed to RBC values and accountability
Drive efficiency and effectiveness through continuous process improvement, automation, and streamlining, especially in compensation analytics

Requirements

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.
Strong organizational, project management, and time management capabilities.
Deadline-driven and results-oriented; able to meet consistently high quality standards while handling a variety of tasks and deadlines simultaneously.
HR professional designation or Finance/Accounting certification
Experience in a matrix environment, such as a large, financial services organization
Ability to facilitate between and influence key decision makers
Strategic thinker with excellent interpersonal skills to partner across functions and businesses

Skills

Adaptability
Analytical Thinking
Collaboration
Compensation Analysis
Compensation Design
Compensation Strategies
HR Compensation
Human Resources Policies
Process Improvements
Strategic Design

Location

ROYAL BANK PLAZA, 200 BAY ST:TORONTO
Toronto
Canada

Work Type

Full time

Experience Level

Director

Education Level

Undergraduate degree

Benefits

A comprehensive Total Rewards Program including bonuses and flexible benefits
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
Access to a variety of job opportunities across business and geographies

About the Company

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.