Consultant, Total Rewards

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What you’ll de doing

Reporting to the Senior Director, Team Rewards, the Consultant works collaboratively to complete moderately to complex analysis and develop recommendations on new or modified compensation programs that support business goals and market competitive practices.

At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.

How you’ll succeed

• Analysis - Perform in-depth and moderately complex quantitative and qualitative analysis on existing and proposed compensation programs, including analyzing compensation trends, analyzing alternative scenarios, and developing costing models to determine the financial impact of salary and incentive plan changes. Prepare reports and/or presentations incorporating compensation analysis and recommendations, and participate in presenting analysis and recommendations to partners and business leaders.
• Advise - Work with the Director, the Senior Director and other Total Rewards team members to recommend changes to current compensation programs, policies and procedures in order to ensure that such programs are market competitive, internally equitable, cost effective, aligned with CIBC policies and business objectives, and provide the ability for CIBC to attract and retain key talent. Work with partners, including Human Resource Business Partners and Business Leaders, to provide compensation advice on pay decisions, and policy and guideline interpretation.
• Project Participation - Participate actively in projects to conduct internal and external market research by analyzing compensation surveys, developing and conducting ad-hoc market surveys, and participating in general compensation surveys. Prepare project plans for small compensation related programs or initiatives. May act as work package leader or coordinator.

Who you are

• You can demonstrate experience in Compensation, Finance or other analytical positions, and have very strong MS Excel, MS Access, MS Word and MS PowerPoint skills. It’s an asset if you have knowledge of government regulations, as they apply to compensation base and incentive compensation programs, company policies and operations.
• You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.
• You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.
• You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
• You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do.
• You live your values. You bring high standards, genuine care to your relationships, and want to grow with an employer that shares your values and brings out your best.

#LI-TA

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [email protected]

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

• We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).

• We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-81 Bay, 34th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Business Objectives, Communication, Compensation Plans, Long Term Planning, Personal Initiative, Reporting and Analysis, Rewards Programs