Executive Compensation Consultant

Job SummaryJob DescriptionWhat is the opportunity?As the Executive Compensation Consultant, you will work closely with the Director, Executive Compensation and join a highly motivated team of HR professionals who are committed to creating exceptional experiences that enable RBC to attract, engage and retain talent. You will add value by providing strong thought partnership to HR senior-level executives and their respective leadership teams on all aspects of executive compensation.What will you do?Act as a source of expertise for HR business partners and senior leaders on all aspects of executive compensation, ensuring they have a clear understanding of the financial impact and human capital impact of their HR decisionsWork collaboratively with HR business partners to design executive compensation recommendationsManage third party market research, including the cost effective collection, modeling and analysis of compensation data, providing meaningful insights and action plansSupport the design, development and implementation of executive compensation solutions (salary, short, mid and long-term incentive programs) that support and align with RBC's strategies, related practices and programsProduce scheduled and ad hoc compensation reports, working with HR and business partners to consolidate relevant dataCreate, document and maintain databases to ensure appropriate management of year-end compensation activitiesDrive efficiency and effectiveness through continuous process improvement, automation and streamliningProactively stay abreast of developments in the external market with whom we compete for business and talent, becoming an expert on relevant competitor compensation practices, key business strategies and responses to regulatory guidanceWhat do you need to succeed?Successful Executive Compensation ConsultantsAre able to multitask and handle high-press executive level requests on a regular basis and with a strong attention to detailPossess strong collaborative, team-work, relationship management skills with a demonstrated ability to impact, influence, and constructively challenge senior leadersAre critical thinkers, able to look beyond request to get to root causeHave a keen sense of numbers and strong analytical skills; able to analyze complex situations, understand issues, synchronize resources, identify options and integrate information from different sources into a coherent viewAre outcome-oriented, problem solvers who bring a bold and creative approach and focus on delivering business valuePossess strong verbal and written communication skills including presentation skills suitable for senior-level audiencesSeek out industry trends and organizational knowledge to discover and act on new approaches / ideasNice-to-haves:3+ years of experience in compensation preferably in the financial sectorUniversity / College level education in Finance, Economics, Human Resources or a related fieldVery strong Microsoft Excel and PowerPoint presentation skillsComfortable with ambiguity, able to act independentlyHR professional designationExperience with internal consulting, including interacting with senior executivesWhats 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 and flexible benefits, competitive compensation.Ability to make a difference and lasting impact.Work in a dynamic, collaborative, progressive and high-performing team.Job SkillsCompensation Management, Confidentiality, Critical Thinking, Data Gathering Analysis, Detail-Oriented, Knowledge Organization, Long Term Planning, Project Administration, Salary Structure Design, Workforce AnalyticsAdditional Job DetailsAddress:ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity:TORONTOCountry:CanadaWork hours/week:37.5Employment Type:Full timePlatform:HUMAN RESOURCESJob Type:RegularPay Type:SalariedPosted Date:2024-04-25Application Deadline:2024-05-08Inclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay 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.