Principal Associate, Compensation

161 Bay Street (93021), Canada, Toronto,Toronto, Ontario,

Principal Associate, Compensation

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

What You’ll Do:

Here at Capital One we bring a data-driven approach to compensation. If you have a passion for analyzing compensation and want to be part of a winning team, then this is the job for you!

The associate filling this role will specifically: 

• Partner with Human Resources and senior business leaders to develop pay programs for our Canada Business

• Deliver expert compensation consulting and develop proposals and presentations about compensation programs (including market data and appropriate pay levels/targets) to influence and educate senior level decision-makers.

• Perform deep analysis on effectiveness and competitiveness of existing compensation programs and model potential impact of alternatives.

• Conduct job evaluations using market data and internal evaluation, and regularly analyze our market position on jobs; make recommendations on market adjustments.

• Research and formulate recommendations on external and internal employment offers, job leveling, and internal equity adjustments through the use of salary surveys and internal compensation tools.

• Be an influential HR leader who thinks beyond compensation programs and builds strategic initiatives in close partnership with our HR analytics and benefits teams

What We’re Looking For:

• Expertise in Compensation Management. Ideally you will have experience building compensation models and conducting pay analysis. We’d also love to hear from you if you have relevant Human Capital / HR Consulting or relevant Financial Analysis experience.  

• Experience in a client consulting role. You’ll exhibit strong communication, influencing, and problem solving skills towards all stakeholders.

• Confident presenter and experience developing data-based stories in Excel and PowerPoint. You’ll know how to make your case and help others understand and adopt your recommendations and insight.

• Knowledge of Canada compensation laws and relevant labor laws. You’ll understand not only the regulatory framework but also the business context and appreciate how your work contributes to the HR and business strategy for Capital One in Canada.

What’s In It For You:

• A global team of compensation leaders who enable game-changing business results by providing programs and solutions that unleash greatness in our associates

• We offer high performers strong and diverse career progression, investing heavily in developing great leaders through our Capital One University training programs. We will support your attendance at events or conferences that would further your professional development; and you’ll have the opportunity to travel to the US regularly  

• Immediate access to our benefits including a RRSP matching plan, associate stock purchase plan and continued education plan.  

Basic Qualifications:

• Bachelor’s Degree or military experience.

• At least 3 years of experience in Compensation.

• At least 3 years of experience in client consulting role.

• At least 3 years of experience with MS Excel / Google Sheets and developing data-based stories in MS Powerpoint / Google Slides.

Preferred Qualifications:

• Bachelor’s Degree in Accounting, Statistics, Business Administration, Economics, Finance, or Human Resources.

• Master’s Degree in Accounting, Statistics, Business Administration, Economics, Finance, or Human Resources.

• 5+ years of experience in Compensation.

• 5+ years of experience in client consulting role.

• Experience with benchmarking tools

• Experience building compensation models and conducting pay analysis.

• Experience in the Financial Services Industry.

• Knowledge of human resources and compensation including knowledge of relevant Federal, Provincial, and Local laws/regulations relating to compensation.

We may use your information for automated decision making. We may, for certain purposes, render a decision based exclusively on automated processing of your personal information as a part of the candidate screening process. 

Capital One Canada is an equal opportunity employer committed to fostering a diverse and inclusive work environment. We consider all qualified applicants and will meet the needs of those requiring reasonable accommodations.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).