Royal Bank of Canada Hiring for Associate Director, Compensation, HR (London) at London Full Time

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

Associate Director, Compensation, HR (London)

Job Description

VP (Associate Director) – Compensation

100 Bishopsgate, London

What is the opportunity?

Within the Associate Director, Compensation position you will be supporting RBC’s Capital Markets and Technology, Operations and Functional (TOF) business’s in the UK, and as a member of the Compensation Centre of Expertise, you will contribute to RBC’s ability to attract, retain and motivate employees. You will proactively identify and lead key regional projects, make recommendations and provide solutions on compensation policies and practices which align with RBC principles and local business needs. As a key partner to business leaders you will provide business partners and management with expert advice on all aspects of compensation programs, policies, initiatives and solutions. You will also provide supervisory support by providing guidance on routine matters and ensuring best practice to mitigate any risk.

What will you do?

Identify and analyse the key compensation levers that influence employee engagement and business results

Lead and contribute to the development of strategic initiatives and frameworks that support business goals and objectives

Using a consultative and analytical approach and in-depth fact-based analysis, develop and present recommendations to senior leaders and business executives using effective impact, influence and consulting skills

Manage all local market survey participation to ensure quality and timely pricing of jobs, leverage own network for market insights and investigate new sources of market intelligence

Provide supervisory support and guidance for all ad-hoc job pricing requests to enhance pay decisions and to support the Recruitment team

Proactively seek market intelligence from a variety of alternative sources, including media commentary, networking, and monitoring of recruitment and resignations

Oversee bonus planning data and quarterly accruals accurately and manage year end compensation cycle (September to December) including system preparation, data management, and liaising with HR colleagues

Liaise with Compensation COE members in North America and with HR team members globally to share information and respond to enquiries

Develop and deliver compensation updates to key stakeholders to ensure that they are aware of current RBC pay policies and the associated factors which influence pay decisions

Partner with the regional D&I head to proactively lead on compensation elements of our D&I strategy and with regional ER team lead to proactively drive compensation elements linked to new or updated HR policies across the UK, CI & Europe.

What do you need to succeed?

Must-have

Quantitative / Analytical undergraduate degree or similar

Strong analytical skills and numeracy; excellent attention to detail is critical

High comfort level with information technology: Excel at least to intermediate level; explores technology solutions to maximise efficiency

Excellent time management skills, ability to manage competing priorities and effectively manage relevant stakeholders

Good verbal communication skills to discuss sensitive issues around pay and job levels. This includes being able to challenge pay demands and encourage a broader perspective.

Good written communication skills to draft presentations and reports.

Nice-to-have

Experience with McLagan salary surveys

Familiarity with EBA and PRA/FCA Remuneration Rules including Code Staff identification and pay

Advanced Excel.

What is 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, flexible benefits and competitive compensation

Leaders who support your development through coaching and managing opportunities

Opportunities to work with the best in the field

Ability to make a difference and lasting impact

Work in a dynamic, collaborative, progressive, and high-performing team

Flexible working options fully supported

Commitment and signatory to Race at Work (RAW) Charter.

Job Summary

Manages the development, implementation, maintenance and communication of the organization’s compensation programs, policies and processes; oversees the analysis of budgets and plans within various pay programs. Typically manages 2 or more specialized departments comprised of supervisors, managers, professionals, and/or large numbers of operational support employees.

Address:
London, United Kingdom of Great Britain and Northern Ireland

City:
GBR-GREATER_LONDON-LONDON

Country:
United Kingdom

Work hours/week:
35

Employment Type:
Full time

Platform:
Human Resources

Job Type:
Regular

Pay Type:
Salaried

Posted Date:
2022-04-01-07:00

Application Deadline:
2022-04-29-07:00

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at rbc.com/careers.