TD Bank

Senior Business Application Analyst- Compensation Delivery

TD Bank • $81K — $115K *
Toronto, ON M3C 0E3In-Person
Business Services
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Undergraduate degree or technical certificate in a relevant field (e.g., Human Resources, Business Administration) or equivalent experience.
  • 5+ years of progressive experience in Compensation, HR Technology, or Business Analysis.
  • Strong knowledge of compensation systems like Workday and Varicent (certifications are a plus).
  • Experience with Agile methodologies is beneficial.
  • Proven ability in leading Business Acceptance Testing and change management activities.

Responsibilities

  • Lead compensation technology initiatives and manage annual compensation cycles.
  • Document business requirements and artifacts as per TD's PDLC methodology.
  • Plan and execute Business Acceptance Testing for compensation-related projects.
  • Coordinate with various teams to ensure alignment with business and governance needs.
  • Act as an escalation point for operational and support issues related to compensation systems.

Benefits

  • Positive work environment that encourages teamwork and quality service.
  • Opportunities for continuous professional development and knowledge enhancement.
  • Involvement in decision-making and strategic project direction.
  • Ability to work in a diverse and equitable workforce.
  • Contribution to process improvement initiatives that optimize team efficiency.
Full Job Description
Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Enterprise Enabling Functions

Pay Details:
$81,600 - $115,200 CAD

Lead Compensation Technology activities supporting compensation programs and platforms, including Workday, Varicent, and related compensation solutions. Plan, manage, and lead requirements gathering, solution design, and application lifecycle activities for key compensation initiatives, annual and off-cycle compensation cycles, and system enhancements. Lead business testing, operational readiness, operational support, and change management activities to ensure the successful delivery and ongoing optimization of compensation processes within business-as-usual operations.

KEY ACCOUNTABILITIES

CUSTOMER
  • Responsible for the intake of compensation technology projects, major initiatives, annual compensation cycle enhancements, and regulatory or business-driven changes
  • Responsible for the documentation of all business owned artifacts that are required for projects and major initiatives as defined by TD's Project Delivery Life Cycle (PDLC) methodology
  • Responsible for all Business Acceptance Testing (BAT) documentation required for projects, system enhancements, annual compensation cycles, and major initiatives in accordance with the bank's project delivery methodology
  • Work closely with the Test Lead to ensure common testing standards and practices are followed and adhered to
  • Responsible for the planning, coordination, and execution of BAT activities for compensation technology projects, application releases, annual compensation cycle changes, and production maintenance activities
  • Responsible for working with various teams to establish a partnership and ensure all business requirements and Data Governance requirements are met
  • Provide support for deployment and change management activities related to compensation programs, technology enhancements, and system implementations
  • Review requirements specifications, configuration designs, and technical documentation to provide timely and meaningful feedback and ensure alignment with business objectives and compensation policies
  • Provide recommendations and possible solutions to address operational challenges, system issues, process inefficiencies, and risks throughout the lifecycle of compensation programs, projects, and applications
  • Identify, assess, and escalate risks that could impact compensation program delivery, annual compensation cycle timelines, data integrity, compliance, system stability, or project outcomes; provide options and recommendations for mitigation
  • Act as an escalation point for compensation application, operational, and processing issues, coordinating resolution with internal stakeholders, technology partners, business teams, and external vendors as required


SHAREHOLDER
  • Act as a key decision-maker for compensation technology initiatives, annual compensation cycles, and system enhancements, collaborating with Compensation, HR, Payroll, Technology, and business subject matter experts to make informed business decisions
  • Accountable for ensuring compensation projects, enhancements, and operational activities adhere to the EPMO project delivery methodology, governance standards, and control requirements
  • Ensure adherence to the Data Governance Framework
  • Ensure adherence to guidelines and regulatory requirements under Privacy, Legal, Compliance, and the Office of the Chief Data Officer
  • Demonstrated ability to build relationships within the team and with key stakeholders
  • Continuously enhance expertise in compensation technology platforms, including Workday, Varicent, and related applications, while remaining current on industry trends, emerging technologies, and best practices
  • Support business case development for compensation technology investments, process improvements, and strategic initiatives, including identification of business value, efficiencies, risk reduction, and operational benefits
  • Drive continuous improvement by identifying opportunities to simplify processes, increase automation, improve the manager and colleague experience, and optimize compensation technology capabilities across the enterprise.


EMPLOYEE / TEAM
  • Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest
  • Support the team by continuously enhancing knowledge / expertise in own area and participate in knowledge transfer within the team and business unit
  • Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
  • Participate in personal performance management and development activities, including cross training within own team
  • Keep others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
  • Contribute to the success of the team by willingly assisting others in the completion and performance of work activities; provide training, coaching and/or guidance as appropriate.
  • Contribute to a fair, positive and equitable environment that supports a diverse workforce
  • Act as a brand champion for your business area/function and the bank, both internally and/or externally


BREADTH & DEPTH
  • Expert-level professional role requiring deep knowledge of compensation programs, and compensation technology, with a strong understanding of related HR, Payroll, and HR Technology functions
  • Integrates business strategy, regulatory requirements, compensation principles, and broader organizational objectives into advice and solution recommendations
  • Serves as a subject matter expert in Compensation Delivery providing guidance and consultation to business partners, project teams, and stakeholders
  • Expert knowledge of compensation applications and platforms, including system functionality, business processes and rules, integrations, data flows, controls, security considerations, and reporting capabilities
  • Expert knowledge of bank's PDLC methodology, business testing and project management
  • Extensive understanding of compensation programs, annual compensation cycles, incentive compensation plans, compensation governance, and applicable business processes across the organization
  • Advanced analytical, problem-solving, and critical thinking skills with the ability to assess complex compensation, operational, and technology-related challenges involving multiple variables and stakeholder groups
  • Applies advanced methodologies and business expertise to identify opportunities, develop innovative solutions, establish best practices, and drive continuous improvement
  • Leads medium to large-scale compensation initiatives, technology enhancements, and operational programs with moderate to high complexity, risk, and cross-functional impact
  • Coordinates and prioritizes multiple initiatives
  • Works independently as a senior lead and may provide coaching, and guidance to team members and project participants within area of expertise
  • Reports to a Senior Manager


EXPERIENCE & EDUCATION
  • Undergraduate degree or technical certificate in Human Resources, Business Administration, Information Systems, Finance, or related discipline, or equivalent combination of education and experience
  • 5+ years of progressive experience in Compensation, Total Rewards, HR Technology, Business Analysis, Application Management, or related operational and technology support functions
  • Strong knowledge of compensation-related systems and applications, including Workday, Varicent, or similar HR and compensation technology platforms (certifications are considered an asset)
  • Experience using Agile delivery methodologies and practices is considered an asset
  • Experience leading Business Acceptance Testing (BAT/UAT), change management, release management, and deployment activities for system enhancements and business initiatives
  • Strong analytical, problem-solving, and communication skills with the ability to translate business needs into effective operational and technology solutions

Language Requirement (Quebec only):
Sans Objet

About TD Bank

TD Securities offers a range of advisory and capital market services to its clients. The company's range of services includes research, investment banking, capital markets, and global transaction banking. Research consists of commodity and equity research. Investment banking consists of mergers, acquisitions, industry expertise, and credit origination. Global transaction banking consists of trade finance, cash management, and correspondent banking. TD Securities was founded in 1855 and is based in Ontario.

TD Bank Careers

Join the vibrant team at TD Bank, one of North America's leading financial services organizations, where innovation, leadership, and growth go hand in hand. At TD Bank, we are committed to fostering a culture of diversity and inclusion, making it an ideal place for ambitious professionals to thrive. Work You’ll Do At TD Bank, your professional journey is bolstered by a robust support system. From your first interview to every career milestone, you will find opportunities for growth and leadership. Our team is dedicated to helping you develop the skills necessary for success in the ever-evolving financial sector. TD Bank offers a variety of job opportunities across multiple fields, from customer service to investment banking. Each position at TD Bank is a chance to contribute to our culture of innovation and exceptional client service. Internship Programs Kickstart your career with a TD Bank internship. Our programs provide invaluable industry exposure and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark in the banking industry. Interns at TD Bank enjoy the unique opportunity to work alongside seasoned professionals, gaining insights that are crucial for future employment. Benefits and Growth TD Bank is deeply committed to the well-being and continuous growth of our team members. We offer competitive benefits packages that cover health, finance, and family care. Our employees enjoy comprehensive health insurance, retirement plans, and generous paid time off, among other perks. Moreover, TD Bank encourages professional development through various training programs, including leadership development and diversity training. These initiatives ensure that our team remains at the forefront of industry standards and best practices. Join Our Team Explore the numerous career paths available at TD Bank and discover how your skills and interests align with our mission. We are actively hiring and continually looking for talented individuals who are passionate about banking and customer service. Networking and Professional Development At TD Bank, we believe in the power of networking and collaboration. Our employees have access to a wide range of networking events, workshops, and seminars that promote career development and professional growth. These platforms not only enhance your professional skills but also expand your industry connections. Stay Connected Keep up to date with the latest at TD Bank Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get the latest news, insider tips, and job opportunities delivered straight to your inbox. Explore job opportunities at TD Bank and be part of a team that values hard work, creativity, and a diverse workplace culture. Your next great career move is just a click away. SEARCH TD BANK JOBS Join us at TD Bank and let your ambition lead you to a rewarding career filled with opportunities to learn, grow, and innovate.
Learn more about TD Bank
Size
90,000 employees
Market Cap
$117.9 billion
Industry
Finance & Insurance
Net Income
-$6.9 million
5 Year Trend
+6.6%
* Ladders Estimates

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