Manager, Compensation Governance & Regulatory Compliance

Address:

Job Family Group:

This role provides subjectmatter expertise to strengthen the Banks compensation risk management and governance framework with a strong focus on building and enhancing sustainable scalable processes. The successful candidate will manage and support compensation programs that identify areas of heightened regulatory financial and conduct risk including determining compensation plans and employee populations that present the greatest exposure to the organization. Acting as a trusted advisor the role partners closely with business leaders HR Risk and Compliance to design refine and execute compensation programs aligned with regulatory expectations and risk appetite. The position supports regulatory reviews reporting benchmarking and assessments through strong analytical insight and clear executiveready communication. This is a highly handson role suited for a compensation professional who thrives in ambiguity exercises sound judgment and drives continuous improvement while protecting the banks risk profile. This is a Toronto or Chicago based hybrid opportunity requiring onsite presence at least three days per week.

Provides compensation expert advice and counsel through a variety of business/group and leadership engagements to execute BMOs 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.

• Acts as a trusted advisor to assigned business/group.
• Influences and negotiates to achieve business objectives.
• Recommends and implements solutions based on analysis of issues and implications for the business.
• Identifies internal and/or external emerging issues trends and needs to inform business strategies & decisions.
• Provides design requirements to help define and advance compensation strategy. Assists in the development of strategic plans.
• Provides input to the development of the program strategy and contributes to and continually improves principles process and tools.
• Manages relationships with outside service providers for programs and ensure all required activities are completed.
• Provides advanced analytical and other project support in the design development implementation and evaluation of policies and programs.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments planning stakeholder management execution evaluation and sustainment of initiatives.
• Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.
• Provides input into the planning and implementation of operational programs.
• 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 BMOs 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.
• Participates in / coordinates industry benchmarking processes that allow for better understanding of BMOs program in relation to comparators.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
• Focus is primarily on business/group within BMO; may have broader enterprise-wide focus.
• Provides specialized consulting analytical and technical support.
• Exercises judgment to identify diagnose and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Broader work or accountabilities may be assigned as needed.
• 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.

  Qualifications:

• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth knowledge of compensation theory and program design methodology.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

Salary:

Pay Type:

The above represents BMO Financial Groups pay range and type.

Salaries will vary based on factors such as location skills experience education and qualifications for the role and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles the salary listed above represents BMO Financial Groups expected target for the first year in this position.

BMO Financial Groups 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. To view more details of our benefits please visit: Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting positive change for our customers our communities and our people. By working together innovating and pushing boundaries we transform lives and businesses and power economic growth around the world.

As a member of the BMO team you are valued respected and heard and you have more ways to grow and make an impact. We strive to help you make an impact from day one for yourself and our customers. Well support you with the tools and resources you need to reach new milestones as you help our customers reach theirs. From in-depth training and coaching to manager support and network-building opportunities well help you gain valuable experience and broaden your skillset.

To find out more visit us at is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race religion color national origin sex (including pregnancy childbirth or related medical conditions) sexual orientation gender identity gender expression transgender status sexual stereotypes age status as a protected veteran status as an individual with a disability or any other legally protected characteristics. We also consider applicants with criminal histories consistent with applicable federal state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process please send an e-mail to and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO directly or indirectly will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid written and fully executed agency agreement contract for service to submit resumes.