Manager, Compensation Advisory
TD Bank
- Location
- Toronto, Ontario
- Work model
- On-Site
- Level
- Mid
- Salary
- $96.9k – $136.8k/yr
- Posted
- 1d ago
About this role
TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.
Job Description
Department Overview The Compensation Advisory Group, within the Global Total Rewards Group, is TD's in-house Compensation consulting team that provides advice and tailored compensation solutions for each business group based on their respective strategy and business requirements.
Job Description
The Manager, Compensation Advisory will report to the Associate Vice President, HR Compensation Advisory and will be responsible for managing the day-to-day relationships with our various partners and lead customized solutions aligned to the strategic objectives within the TD Insurance portfolio. In this capacity, the individual will interface with business leaders, our various HR partners (Human Resources Business Partners, HR Advice channels, recruitment, HR Operations), as well as Finance and the Governance & Control teams to provide direction on both individualized complex total rewards requests, the management, design and oversight of incentive plans, and more broadly project-based reviews. Key accountabilities The Manager will be expected to collaborate with internal and external partners to manage the effective development, implementation, and ongoing delivery of Total Rewards solutions, while ensuring alignment with the broader HR strategy. In doing so, he/she will: Maintain a thorough understanding of the portfolios' strategic direction, ensuring alignment of business specific compensation programs with established enterprise Total Rewards principles and objectives Lead and manage end-to-end activities for the assigned portfolio, including day to day Compensation Advisory and counsel, complex compensation design, ongoing forecasting and monitoring of plan health, competitiveness, and alignment to the TDI business strategy Actively monitor trends in the competitive market with a solid understanding of the external comparative organizational structures, ensuring both compensation designs and pay level opportunities allow the attraction and retention of qualified talent Lead strategic discussions on plan design and conduct complex modeling, stress-testing, analysis for the purposes of compensation design Develop written materials on program design and impact that is reviewed by the various Conduct Risk Committees and the HR Committee of the Board, as applicable Prepare and provide guidance and interpretation of analysis, forecasting and summaries on compensation matters, including advice and support on questions of policy and interpretation of plans Independently manage year-end compensation for the assigned portfolios, including market data intelligence by monitoring participation in salary surveys to ensure competitive compensation as well as alignment with business strategy and compensation philosophy Actively participate in compensation advisory projects engaging multiple stakeholders in flow of information / assignments across functions using well-established project planning and change management skills, including managing the communication requirements Encourage and coach Junior team members to build their skills Job Requirements: Ability to lead and conduct