Senior Manager, Compensation Advisory

Job Description

What is the opportunity?

As a Senior Manager Compensation Advisory, supporting the Personal Banking platform, you will be responsible for the design, development, implementation and communication of compensation solutions (salary, commission, direct drive, short term incentive and equity programs) that support and align with RBC's compensation principles and business strategies and objectives. This position is responsible for providing executives and senior management with expert advice on all aspects of compensation programs, policies, initiatives and integrated HR solutions, ensuring they have a clear understanding of the financial and human capital impact of their HR compensation decisions. This role allows you to showcase your expertise, drive performance, drive employee engagement and partner with key business areas to make an impact.

The Senior Manager is accountable to the Senior Director, Personal Banking Compensation Advisory, for successful achievement of the agreed upon goals and objectives, driving a high level of performance, employee engagement, and a superior client experience.

What will you do?

• Design and implement compensation structures that align with RBC's business goals, regulatory requirements (e.g., CIRO), and compensation principles.
• Ensure consistency in compensation decisions through structured design/analysis (calibration) sessions, balancing quantitative data (e.g., performance metrics) with qualitative insights
• Advance compensation solutions: lead salary, incentive, direct drive and commission programs that incentivize desired behaviours (e.g. client-centric, risk awareness) while ensuring compliance.
• Consult & integrate Programs: Consult with HR Business Partners and business leaders and functional partners (Employee Relations, Finance, Compliance, Risk, etc.) to tailor compensation solutions to business initiatives and individual employee needs; apply root cause analysis to resolve complex compensation issues (e.g., pay disparities, retention challenges).
• Conduct data-driven calibration of compensation plans to ensure internal equity and external competitiveness.
• Manage cost-effective collection, modeling, and analysis of compensation data (e.g., benchmarking, trend analysis) to provide actionable insights.
• Build strong relationships with HR and business leaders to influence decision-making and align compensation with strategic priorities; demonstrate the ability to impact and influence.
• Drive efficiency and effectiveness through continuous process improvement, automation and streamlining

What do you need to succeed?

• Bachelor's degree, preferably in Human Resources, Finance, Economics, Business or a related field
• 5 years+ experience in compensation design and governance ideally within the financial services industry
• Experience in research and modeling, including the development of spreadsheets, databases and presentations; mathematical aptitude and analytical thinking
• Confident, articulate, and professional speaking abilities (and experience)
• Ability to present information clearly, effectively and succinctly in various presentation formats
• Strong technical skills in the design and management of sophisticated compensation programs
• Enjoys working in a collaborative team environment

What's 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.

• Leaders who support your development through coaching and managing opportunities

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

• Opportunities to do challenging work

Job Skills

Analytical Thinking, Benchmarking, Compensation Design, Compensation Management, Compensation Plans, Compensation Programs, Compensation Structures, Creative Visioning, Critical Thinking, Goal Setting, HR Compensation, HR Legal, Human Resources Policies, Knowledge Organization, Long Term Planning, Microsoft Excel, Performance Driven, Salary Structure Design, Taking Initiative, Workforce Analytics

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

HUMAN RESOURCES & BMCC

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-01-19

Application Deadline:

2026-02-02

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At 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.

Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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 jobs.rbc.com.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.