AddressJob Description
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, Mackenzie Investments and Investment Planning Counsel.
Under IGM Financial’s unique business model based on leading brands and multi-channel distribution strategy is Mackenzie Investments, founded in 1967. Mackenzie Investments is a holistic asset-management partner for thousands of Canadian financial advisors and the investors they support.
At Mackenzie Investments You Can Build Your Career with Confidence.
We have a vision and a strategy that will challenge the way business in this industry is done and help Canadians be successful in the ways that mean the most to them. As part of our team, you will do some of your best work, develop some of your most valuable skills and give back in ways that make a difference in the lives of Canadians. We are proud to be recognized as one of Greater Toronto’s Top Employers (2022) 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 centre.
Join an unstoppable team that is embedded in continuous learning, understanding, and knowledge sharing. You will thrive in our supportive environment where you can indulge your curiosity to learn, while receiving the feedback you need to refine your skills and abilities. We are dedicated to offering a hybrid work environment when applicable.
Mackenzie Investments 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.
We are currently looking for a Sr. Manager, Compensation reporting to the AVP, 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:
Work closely with the AVP in the development and design of IGM’s sales compensation programs supporting the Retail Distribution, Strategic Partnerships and Institutional businesses.
Lead the implementation and administration of the sales compensation plans including:
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
Elevate the sales team and sales leaders’ understanding of the compensation plans to ensure it successfully drives behaviors and achieves key performance metrics
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
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 for the Investment Management business line.
Provide expert advice to HR Business Partners on compensation decisions and impacts related to the Retail Distribution, Strategic Partnerships and Institutional businesses.
Team Leadership
Provide operational guidance to other members of the Compensation team
Contributes to strategic planning activities by:
Identifying opportunities for operational efficiencies and make recommendations for improvements
Establish practices and procedures for new processes, working with the AVP and other HR partners to ensure successful implementation
The following qualifications are required of the successful candidate:
5-7 years of progressive/relevant business experience in employee compensation
University degree in business administration or related disciplines and Compensation Professional Discipline is preferred
Strong analytical and numeric skills with the ability to interpret and communicate the data effectively
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
Proactive leader with proven decision-making skills and the ability to manage expectations effectively to successfully achieve multiple, competing priorities
Proven experience working with business leaders and senior professionals
The ability to produce high quality work under time pressure and to work as part of a team
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:
For internal applicants, please share with your current leader your intent to apply to the role. In the event that you are selected, please let your Talent Acquisition Partner know if you are in any other internal recruitment process.
We thank all applicants for their interest in Mackenzie Investments; however only those candidates selected for an interview will be contacted.
Mackenzie Investments 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 February 7, 2023.
