Provides compensation expert advice and counsel through a variety of business/group and leadership engagements to execute BMO’s strategy and support the business/group strategy. Supports/defines the strategic direction, governance design, program design and execution of compensation programs at BMO. Understands and aligns to regulatory requirements in applicable jurisdictions.
Completes specific strategic & operational work to deliver program objectives and/or minimize risk. This is a Toronto-based hybrid opportunity, requiring in office presence at least three days a week. Ensures alignment between values and behaviour that fosters diversity and inclusion.
Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance. Provides strategic input into business decisions as a trusted advisor. Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
Acts as a subject matter expert on relevant regulations and policies. Influences and negotiates to achieve business objectives. Manages day to day regulatory requests and reporting requirements to ensure BMO meets regulatory requirements in applicable jurisdictions.
Identifies internal and/or external emerging issues, trends and needs to inform business strategies & decisions. Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals. Recommends changes on policy decisions.
Develops the business case by identifying needs, analysing potential options and assessing expected return on investment. Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
Provides design requirements to help define & advance compensation strategy.
Manages relationships with outside service providers for programs and ensure all required activities are completed. Defines business requirements for analytics & reporting to ensure data insights inform business decision making. Provides advanced analytical and other project support in the design, development, implementation and evaluation of policies and programs.
Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives. May include developing communications for senior leader and Board of Directors meetings. assesses and adapts as needed to ensure quality of execution. Directs the planning and implementation of operational programs.
Ensures governance review of compensation programs, including assessing if programs comply with principles & policies and legislative requirements and confirming that incentive pool funding is accurately forecast. Develops compensation programs/solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs. Provides input into the planning & implementation of operational programs.
Supports the design, development and implementation of multi-year strategy for compensation that improves employee productivity,
engagement and advocacy in alignment with BMO’s overall business strategy. Breaks down strategic problems, and analyses data and information to provide insights and recommendations. Gathers and formats data into regular and ad‑hoc reports, and dashboards.
Supports regulatory requests, including regulatory reporting, to ensure BMO meets regulatory requirements in applicable jurisdictions. Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders. Implements changes in response to shifting trends.
Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations. Typically 7+ years of relevant experience and post‑secondary degree in related field of study or an equivalent combination of education and experience. Able to manage ambiguity.
Data driven decision making - In-depth / Expert. Salaries for part‑time roles will be pro‑rated based on number of hours regularly worked. BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance‑based incentives, discretionary bonuses, as well as other perks and rewards.
BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. Accommodations are available on request for candidates taking part in all aspects of the selection process.
📌 Sr Manager, Compensation - Technology & Operations (Toronto)
🏢 BMO
📍 Toronto