Title:  Compensation Analyst

Requisition ID: 253588 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Compensation Analyst contributes to the overall success of Total Rewards by providing analytical support in the development and delivery of Compensation programs and policies while ensuring compliance with governing regulations, internal policies and procedures.

Is this role right for you? In this role you will: 

  Supports the Compensation team by:

• Completing market compensation surveys, conducting analysis of market data and preparing results for distribution to the business and/or HR Business Partners
• Conducting in-depth quantitative analysis, using Excel or Power BI, on existing and proposed compensation programs including:
  • Analyzing the Bank’s competitive position and outcomes of compensation program implementation and/or changes
  • Identifying trends, summarizing findings, drafting recommendations to ensure programs are internally equitable and market competitive
  • Developing and analyzing costing models and scenario testing
• Providing analytical support, including costing and back-testing, in the design and implementation of broad-based and incentive compensation programs
• Participating in all aspects of the year-end compensation cycle including performing various data analytics, and investigating and resolving Compensation Planner data issues
• Preparing of incentive forecasts for Finance
• Providing support in the preparation of compensation recommendations and offers letters.
• Understanding how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Champions a high performance environment and contributes to an inclusive work environment.

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

• Advanced Excel skills and experience; Power BI skills
• Undergraduate University degree with 3 years experience in compensation, finance or other highly analytical position
• Strong mathematical aptitude and analytical skills
• Experience in market compensation survey preparation and analysis
• Word and PowerPoint skills
• Certified Compensation Professional (CCP) designation an asset.
• Knowledge of legislation and regulations pertaining to compensation and knowledge of Bank policies and operations an asset.
• Banking or Financial Services experience an asset.

Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.