Compensation Consultant, Incentive Plans

Our Story & Purpose:

WereVancity a member-owned credit union built on the principles of inclusion and social 1946 our relentless commitment to these values has helped us challenge the status quo and break down bold commitments to become net-zero by 2040 across all mortgages and loans andwereactively pursuing strategies in Indigenous banking and financial resilience for our members.

As the largest private sector Living Wage Employer in Canadawereproud to be consistently recognized as one of the countrys Top Employers. Ifyoureready to join our team of 2300 diverse individuals access competitiverewardsand benefits and be part of a greater movement - apply today!â

Your Role in Supporting Our Members:

As aCompensation Consultant Incentive Plans you are a subject matter expert in the design governance and administration of compensation programs with a strong focus on incentive and commission-based plans across lines of business including Commercial Banking Retail Banking and Wealth.

You will play a key role in evolving Vancitys compensation programs by ensuring plans are well-designed effectively governed and consistently administered. You will partner closely with business leaders and People & Culture stakeholders to translate business strategies into practical compliant and competitive compensation solutions.

This role requires a balance oftechnicalexpertise strong business partnering and data-driven storytellingto influence decision-making andmaintainalignment to Vancitys compensation philosophy.

This is aâFullâtime Permanentârole based at ourâVancityhead officeâand will report directly to theâManager Compensation. While this position provides a hybrid work arrangement you will be expected tobeonâsitefor events and business demands.

How Youll Make an Impact:

• Leadingthe design governance and ongoing administration of incentive and commission-based compensation plans ensuring alignment with businessobjectives regulatory requirements and internal policies
• Actingas a trusted advisor to business leaders (Commercial Retail Wealth) on compensation plan design pay mix performance measures and market practices
• Managingend-to-end incentive plan processes including eligibility performance tracking payout calculations validation and reporting
• Ensuringstrong governance and controls over compensation programs including documentation approval processes audit readiness and consistent policy application
• Partneringwith Finance Payroll and business teams tovalidatecalculations resolve discrepancies and ensureaccurateandtimelypayouts
• Analyzingcompensation and performance data using tools such as Excel and Power BI to generate insights and inform plan design and business decisions
• Translatingcomplex data into clear actionable insights and recommendations for senior stakeholders
• Supportingthecontinuous improvement of compensation frameworks policies and processes particularly within incentive and variable pay structures
• Contributingto annual compensation cycles including merit incentive payouts and structural updates with a focus on plan integrity and consistency
• Providingeducation guidance and trainingto leaders and People & Culture partners on compensation programs plan mechanics and governance requirements
  

WhatYoullBring to the Team:

• 5 years of experience in compensation withdirect experience in incentive/commission plan design and administration
• Experience supportingcommercial banking retail banking wealth management or other sales-driven environments
• Strong understanding ofplan governance controls and compliance(e.g. approvals eligibility rules documentation audit readiness)
• Demonstrated experiencecalculating and administering complex incentive plans including performance measures and payout models
• Advanced analytical skills includingExcel-based modeling and data manipulation
• Experience withPower BI or other data visualization toolsto support reporting and insights
• Strong business acumen with the ability tobalance technical precision and practical business needs
• Proven ability toinfluence and advise senior stakeholdersin a consultative manner
• Strong communicationskills including the ability tosimplify complex compensation concepts
  

Extra Skills That Set You Apart:

• Experiencesupportingmultiple compensation plan types(e.g. commission production-based pay scorecard-driven incentives)
• Familiarity withfinancial services compensation structures and regulatory considerations
• Experience withcompensation governance frameworks policy development and plan documentation
• CCP or progress toward certification

â
Youll Thrive Here If You Are:â

• Analyticalâ You use your exceptional Excel skills to manipulate big sets of compensation data for data modeling/analytics capabilities; you have a slight obsessionfordetails and precise work.

• A Trusted Advisorâ You consult on compensation & benefits related matters and can build strong working relationships with key stakeholders effectively.

• A Great Communicatorâ With excellent presentation written and verbal communication skills you are able to convey important changes and influence its adoption into best practices because you have credibility and are trusted as a subject matter expert when it comes to all things in the area of compensation.

• A Proactive Leaderâ You take initiative while being creative in a constantly changing environment while alsoremainingagile to flex asrequired.

• Results-Oriented with a Process Improvement Mindsetâ You have a proventrack recordof delivering results and affinity towards process improvement in a changing and growing business environment.

We value lived experience so if you are interested in this role we encourage you to apply even if you feel your skillsdontperfectly align with those listed.

WhatYoullEarn:

The salary range for this role is$86400 per annum to $106680 per annum. The base pay offered may vary depending on factors such as relevant qualifications skillspreviousexperience and internal equity. As part of our total rewards package employees may also be eligible for our annual incentive program subject to program eligibility requirements.

WhyYoullLove Working Here:

A career atVancityis more than just ajobyourejoining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay we offer a comprehensive total rewards package to ensure our employees are empowered to thrive:

• Living Wage Employer:Werethe largest private-sector Living Wage Employer in Canada and consistently ranked among Canadas Top Employers.
• Customizable Benefits: Permanent employees receive flexible benefit packages that can be tailored annually to meet evolving needs.
• Generous Vacation: New employees start with 3-4 weeks of vacation per year withadditionaldays earned over time.
• Extra Stat Holidays: In addition to BCs 11 statutory holidays we offer 2 extra days plus care days for personal or family illness.
• Immediate Health Coverage: Health and dental benefits begin on your hire date with three levels of coverage to choose from.
• Defined Benefit Pension: Our retirement plan provides a guaranteed income for life recognizing that retirement looks different for everyone.

Vancity Talent Programs:

Vancitysupports an inclusive hiring process for candidates who self-identify as Indigenous Black or Trans. With special permission from the BC Human Rights Commissioner this initiative provides access to career development opportunities prioritized job screening and feedback. Any information you choose to share will be stored securely and used only for recruitment and career development connected to this initiative in line with the BC Personal Information Protection Act (PIPA). For details please see our dedicated Talent Programs job posting.

AtVancitywerecommitted to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can trulyrepresent understand and respond to our community needs anddeliver onour memberexperience.

We are also committed to an inclusive barrier-freeand accessible recruitment experience for all candidates. If yourequireany accommodations or support at any stage of the recruitment process (including the application stage) we encourage you to let us know by contacting our Talent Acquisition team at to work with you to ensure your needs are met promptly and effectively. All requests will be handled with the utmost respect and confidentiality so you canparticipatefully in the process.

Required Experience:

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