Bank of Montreal

Compensation Manager, Technology & Operations

Bank of Montreal$75K — $141K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of relevant experience in a compensation role or related field.
  • Post-secondary degree in a related field or equivalent experience.
  • In-depth knowledge of compensation theory and program design methodology.
  • Strong verbal and written communication skills.
  • Proven collaborative and team skills.
  • Advanced analytical and problem-solving abilities.
  • Deep influence and negotiation skills.

Responsibilities

  • Act as a trusted advisor to assigned business groups.
  • Influence and negotiate to align with business objectives.
  • Recommend and implement solutions based on analysis.
  • Identify emerging issues and trends to guide strategies.
  • Provide design requirements for compensation strategies.
  • Develop communication plans to influence behavior positively.
  • Support regulatory compliance and reporting requirements.

Benefits

  • Health insurance coverage.
  • Tuition reimbursement programs.
  • Accident and life insurance options.
  • Retirement savings plans with company contributions.
  • Performance-based incentives and discretionary bonuses.
Full Job Description
Application Deadline:

06/26/2026

Address:
100 King Street West

Job Family Group:

Human Resources

Provides compensation expert advice and counsel through a variety of business/group and leadership engagements to execute BMO's strategy and support T&O strategic objectives. Supports/defines the strategic direction, governance design, program design and execution of compensation programs in T&O including Formulaic, Discretionary and Monthly Incentive Plans. Understands and aligns to regulatory requirements in applicable jurisdictions. Completes specific strategic & operational work to deliver program objectives and/or minimize risk. Supports group's Digital First, AI Powered agenda through delivering timely insights and analysis to HR team and T&O Leadership through a variety of digital channels.
  • Acts as a trusted advisor to assigned business/group.
  • Influences and negotiates to achieve business objectives.
  • Recommends and implements solutions based on analysis of issues and implications for the business.
  • Identifies internal and/or external emerging issues, trends and needs to inform business strategies & decisions.
  • Provides design requirements to help define and advance compensation strategy. Assists in the development of strategic plans.
  • Provides input to the development of the program strategy and contributes to and continually improves principles, process and tools.
  • Manages relationships with outside service providers for programs and ensure all required activities are completed.
  • Provides advanced analytical and other project support in the design, development, implementation and evaluation of policies and programs.
  • Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
  • Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.
  • Provides input into the planning and implementation of operational programs.
  • Develops compensation programs/solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
  • Provides input into the planning & implementation of operational programs.
  • Supports the design, development and implementation of multi-year strategy for compensation that improves employee productivity, engagement and advocacy in alignment with BMO's overall business strategy.
  • Breaks down strategic problems, and analyses data and information to provide insights and recommendations. Gathers and formats data into regular and ad-hoc reports, and dashboards.
  • Supports regulatory requests, including regulatory reporting, to ensure BMO meets regulatory requirements in applicable jurisdictions.
  • Participates in / coordinates industry benchmarking processes that allow for better understanding of BMO's program in relation to comparators.
  • Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
  • Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
  • Provides specialized consulting, analytical and technical support.
  • Exercises judgment to identify, diagnose, and solve problems within given rules.
  • Works independently and regularly handles non-routine situations.
  • Broader work or accountabilities may be assigned as needed.
  • Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.
    Qualifications:
  • Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
  • In-depth knowledge of compensation theory and program design methodology.
  • Deep knowledge and technical proficiency gained through extensive education and business experience.
  • Verbal & written communication skills - In-depth.
  • Collaboration & team skills - In-depth.
  • Analytical and problem solving skills - In-depth.
  • Influence skills - In-depth.
  • Data driven decision making - In-depth.


Salary:

$75,900.00 - $141,900.00

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Bank of Montreal

The Bank of Montreal is a Canadian multinational investment bank and financial services company. It provides a wide range of personal and commercial banking, wealth management, and investment banking products and services. The bank had revenues of CAD 23.6 billion in 2020.
Learn more about Bank of Montreal
Size
45,454 employees
Market Cap
$60.9 billion
Industry
Founded
1817
5 Year Trend
+9.1%
NASDAQ

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