Director, Compensation Solutions - Scotiabank, Toronto

AI Summary

This Director, Compensation Solutions role at Scotiabank in Toronto, Ontario, involves leading a team responsible for delivering comprehensive compensation solutions to employees and managers. Key duties include providing strategic compensation advisory support, overseeing executive services, and managing global mobility programs. Candidates require a university degree or related designation, alongside extensive compensation, HR Operations, HRIS, or Payroll experience within a large, global corporate environment. This position is crucial for optimizing Scotiabank's global compensation framework and executive support functions.

About the Role at Scotiabank

As a Director, Compensation Solutions at Scotiabank, you will play a pivotal role in shaping the bank's approach to employee remuneration and talent management. This leadership position is central to driving a customer-focused culture within the team, aiming to deepen client relationships and leverage the broader Bank's extensive knowledge and systems. The Director is accountable for identifying opportunities to partner effectively with key stakeholders, developing innovative solutions, and executing strategies to enhance experiences and processes across compensation solutions, job evaluation delivery, executive services, and global mobility. This role ensures that all business strategies, plans, and initiatives are executed in strict compliance with governing regulations, internal policies, and procedures, maintaining Scotiabank's commitment to integrity and operational excellence in a global financial context.

Key Responsibilities and Strategic Impact

The Director will lead the Compensation Solutions team, providing strategic compensation advisory support and administration across base salary, annual incentive, and equity planning. This includes guiding compensation advisory support for managers and employees through AskHR and collaborating with Total Rewards on guidelines and escalation points. A significant aspect of this role involves directing end-to-end compensation planning activities, encompassing business requirements, system testing, and year-end cycles for Executive AIP, Non-Executive AIP, BIP, CBIP, and GBM globally. Furthermore, the Director will oversee Executive Services and Global Mobility, managing the administration of the Bank’s equity programs, executive perquisites, and other critical activities. The position is also responsible for enhancing Compensation Solutions' offerings through continuous improvement, identifying areas for automation and streamlining activities, and working with HR teams globally to optimize compensation cycles, including specialized incentive plan tool implementation to facilitate calculations, payments, and reporting for various business lines.

Candidate Profile and Leadership Culture

Scotiabank is seeking a highly skilled professional with a university degree or a related designation such as CHRP, CCP, or GRP. The ideal candidate will possess significant compensation, HR Operations, HRIS, or Payroll experience gained within a large, global corporate environment. A comprehensive understanding of compensation and human resources policies, practices, and standards is essential, as is the ability to work independently while managing multiple projects and changing priorities concurrently under tight timelines. Strong communication and clear, concise writing skills are paramount, given the need to interact with an increasingly broad range of internal and external stakeholders to influence results and lead program implementation. This role requires a leader who can build a high-performance environment, fostering an inclusive work culture, and implementing a people strategy that attracts, retains, develops, and motivates the team by using a coaching mindset and behaviours, communicating vision and business strategy, and managing succession and development planning for the team.