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The Compensation Analyst is responsible for working on the design, development, implementation and communication of compensation solutions (salary, short-term incentive and equity programs) which support and align with RBC’s Compensation Principles and comply with local remuneration policies for the UK and European groups.
Job Responsibility:
Design base salary and incentive solutions for employees that support RBC’s attraction and engagement strategies
Provide advice, counsel and direction on compensation solutions to Business Partners
Help to further advance RBC’s Gender Pay and D&I initiatives through analysis and reporting
Participate in third party market research and utilise results to provide HRBPs with meaningful insights
Administer Compensation Year-End (YE) Cycle for Groups
Proactively leverage external networks to provide RBC with competitive intelligence
Drive efficiency and effectiveness through continuous process improvement, automation and streamlining
Requirements:
Solid expertise in Compensation fundamentals
Strong analytical skills and numeracy, with high levels of accuracy under pressure
Strong planning, time management and execution skills to meet tight deadlines
Able to manage and organise large volumes of information: absorb detail easily with strong, accurate recall
Solid understanding of PRA, FCA and EBA remuneration regulations impacting UK financial institutions
Logical thinker
able to plan action steps to conclude assignments on time
Good verbal communication skills to discuss sensitive issues around pay
Assertive: able to challenge requests, encourage a broader perspective and influence others
Good written communication skills to draft presentations and reports
Approachable and flexible, willing to assist colleagues, committed to high standards
Nice to have:
Experience with Workday, SAP and ADP
Experience using external market data tools (PayFactors & McLagan)
What we offer:
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
A world-class training program in financial services