Description
Division: IGM HR
Location:Toronto or Winnipeg
IGM Financial Inc. is one of Canada’s leading diversified wealth and asset management companies with approximately $271 billion in total assets under managements. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals. Its activities are carried out principally through IG Wealth Management and Mackenzie Investments.
Under IGM Financial’s unique business model based on leading brands and multi-channel distribution strategy, we’re IG Wealth Management. For over 90 years of business, we have grown to become one of the largest most respected companies in Canada. We are a leader in providing the best advice, experience and outcomes for our clients, personalized throughout their lifetime.
At IG Wealth Management, our vision is to inspire financial confidence.
This is your opportunity to build a career with a leading organization where you can learn, grow and thrive both professionally and personally. We are proud to be recognized as one of Canada’s Top Employers by Mediacorp Canada Inc. for empowering our employees with the tools to thrive while working remotely, while also providing resources to ensure physical and mental wellness were put front and center.
You will join a team that believes our success starts with the success of our clients, while working together as a team to realize our greatest potential. You will join a team that strives towards excellence while developing and sharing skills and knowledge. You can make a difference for our clients, the world around us and be part of a team that cares. We are dedicated to offering a hybrid work environment when applicable.
IG Wealth Management is a diverse workplace committed to doing business inclusively – this starts with having a representative workforce! We encourage applications from all qualified candidates that represent the diversity present across Canada – including racialized persons, women, Indigenous persons, persons with disabilities, 2SLGBTQIA+ community, gender diverse and neurodiverse individuals, as well as all who may contribute to the further diversification of ideas.
The Role
We are currently looking for a Sr. Manager, Compensation to join our IGM Human Resources department located in Toronto, Winnipeg or Montreal.
Within the Human Resources Department of IGM, the Compensation team supports the company and its business units to attract, engage, and retain top talent by ensuring competitive compensation packages are offered and excellence in performance is rewarded. The team has overall responsibility for the design, implementation, and administration of all compensation programs.
As a valued member of the Compensation team your core responsibilities will include:
Sales Compensation Program Management:
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Work closely with the compensation leadership team in the development and design of IGM’s sales compensation programs supporting the Asset Management and Wealth Management businesses.
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Lead the implementation and administration of the sales compensation plans including:
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Working with key business stakeholders including senior leaders and the sales team in the management of the compensation plans including regular communication, reporting, and analysis
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Elevate the sales team and sales leaders’ understanding of the compensation plans to ensure it successfully drives behaviours and achieves key performance metrics
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Work with key stakeholders in the calculation process including members of the Compensation, Finance and Sales Analytics teams to ensure the commissions are managed within a timely, accurate and efficient process
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Lead the collaboration with technology and compensation team in the continued development and improvement of the Specialized Incentive Plan Tool which is the system that calculates, reports and forecasts incentives.
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Provide expert advice to HR Business Partners on compensation decisions and impacts related to the Asset Management and Wealth Management businesses.
Team Leadership
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Provide operational guidance to other members of the Compensation team
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Contributes to strategic planning activities by:
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Identifying opportunities for operational efficiencies and make recommendations for improvements
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Establish practices and procedures for new processes, working with the compensation leadership team and other HR partners to ensure successful implementation
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The following qualifications are required of the successful candidate:
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5-7 years of progressive/relevant business experience in employee compensation
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University degree in business administration or related disciplines and Compensation Professional Discipline is preferred
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Strong analytical and numeric skills with the ability to interpret and communicate the data effectively
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Demonstrated experience with compensation principles and concepts, including knowledge of job evaluation, pay structure, variable pay experience, pay equity legislation, annual merit budgeting, and the use of competitive pay analysis
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Proactive leader with proven decision-making skills and the ability to manage expectations effectively to successfully achieve multiple, competing priorities
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Proven experience working with business leaders and senior professionals
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The ability to produce high quality work under time pressure and to work as part of a team
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Knowledge of general Human Resources practices & policies, laws and regulations as applicable to compensation
Please visit our career page by clicking on the following link: https://www.ig.ca/en/careers
We thank all applicants for their interest in IG Wealth Management; however only those candidates selected for an interview will be contacted.
IG Wealth Management is an accessible employer committed to providing a barrier free recruitment experience. If you require an accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.
Please apply by November 26, 2024.
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