Compensation Analyst (Mat Cover) recruitment

PRIMARY RESPONSIBILITIES

• Co-ordinate participation in market surveys including attending job matching meetings, data management and the analysis and interpretation of survey results.

• Respond promptly to ad hoc job pricing requests to enhance pay decisions and to support the Recruitment team.

• Prepare reports and presentations on pay benchmarking and trends, tailoring material according to specific business platform or business leader requirements, and share this information as required.

• Gather information from a variety of alternative sources on our competitive position, including monitoring of recruitment and resignations, media commentary and networking.

• Manage bonus planning data and quarterly accruals.

• Manage year end compensation cycle (September to December) including system preparation, data management, and liaising with HR colleagues.

• Liaise with Compensation COE members in North America and with HR team members globally to share information and respond to enquiries.

Prepare all reports for the FSA and compensation governance reporting.

• Prepare materials for quarterly meetings of the RBC Europe Limited Remuneration Committee.

• Conduct a monthly review to identify new Code Staff.

• Monitor guaranteed and conditional bonuses against RBC standards.

• Contribute to the education of HR colleagues and line managers about RBC pay policies and the many factors which influence pay decisions.

• Undertake a variety of projects and analyses, as required.

JOB SPECIFICATIONS

Required:

Desirable:

Experience of investment banking industry or HR Compensation environment

Experience with McLagan salary surveys

Experience with Mercer’s ePrism

Familiarity with FSA Remuneration Code including Tier 1 Code Staff pay

Advanced Excel

Awareness of job evaluation principles

Please note the confidential nature of this roel and the sensitivity of the data being managed. Previous experience of working in a similar environment would be useful