CIBC

Senior Consultant, Total Rewards

CIBC$100K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in total rewards, compensation, or related HR fields, preferably in financial services.
  • Strong analytical skills to interpret market and internal data and inform recommendations.
  • Excellent consulting and relationship management abilities to influence business leaders effectively.
  • Detail-oriented with critical thinking skills to assess regulatory compliance and risks.
  • Effective collaborator across teams with the ability to engage various stakeholders.

Responsibilities

  • Provide strategic consulting on total rewards solutions to align with business goals.
  • Support the design and implementation of competitive compensation and recognition programs.
  • Conduct analyses to evaluate the effectiveness and competitiveness of total rewards initiatives.
  • Ensure compliance with regulatory requirements in compensation practices.
  • Collaborate with HR and external partners to deliver effective rewards tools and processes.
  • Identify opportunities for continuous improvement within total rewards programs.

Benefits

  • Personalized recognition through competitive salary and incentive pay.
  • Comprehensive benefits program and defined benefit pension plan.
  • Employee share purchase program and vacation offering.
  • Wellbeing support and participation in the MomentMakers recognition program.
  • Paid day off for personal development through Purpose Day.
Full Job Description
What you'll be doing

As part of CIBC's Total Rewards team, you'll help shape programs that reinforce our culture, strengthen team engagement, and support business performance. As a Senior Consultant, Total Rewards and Recognition, you'll provide strategic consultation to business and functional leaders on recognition and total rewards solutions that are competitive, practical, and aligned with business priorities. You'll work closely with senior leaders and Human Resources partners to assess current programs, identify opportunities for improvement, and support the design and implementation of enterprise-wide strategies, frameworks, and processes. You'll also lead analysis to evaluate market competitiveness, internal alignment, and regulatory considerations across total rewards programs, using insights to inform recommendations and decision-making. Through strong partnerships, external market awareness, and a focus on continuous improvement, you'll help deliver programs that attract, retain, and recognize top talent across CIBC.

At CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 1-3 days per week on-site, while other days will be remote.

How you'll succeed

  • Strategic consulting - Partner with business and functional leaders to understand priorities, performance needs, and recognition objectives, and provide advice on total rewards solutions that align with business goals.
  • Program design and implementation - Support the development, enhancement, and implementation of compensation, total rewards, and recognition programs, policies, and procedures to ensure they are market competitive, internally equitable, cost effective, and aligned with CIBC's objectives.
  • Analysis and insights - Conduct market and internal analysis to assess the effectiveness and competitiveness of total rewards programs, identify gaps, and recommend changes that support talent attraction, retention, and engagement.
  • Governance and regulatory compliance - Support compensation governance requirements by helping ensure programs comply with applicable regulatory requirements, supporting monitoring and reporting activities, and maintaining policies, procedures, and documentation. Ensure all compensation and rewards programs comply with applicable regulatory requirements (e.g., global regulations such as OSFI, CSSF, SEC), and support ongoing monitoring, reporting, and remediation activities as needed. Liaise with external regulators and auditors on matters related to compensation practices. Monitor regulatory changes and proactively adjust programs to ensure ongoing compliance. Support the develop and maintain compensation policies, procedures, and documentation, as required. Maintains "currency" in professional and specialized compensation knowledge, practices, principles and technologies to be able to evaluate the impact of introducing new methods or products. Networks with senior professional contacts both within and outside CIBC
  • Collaboration and partnership - Work closely with Human Resources partners, senior leaders, change management and communications teams, external providers, and control partners to deliver effective total rewards and recognition tools, processes, and initiatives.
  • Continuous improvement and market intelligence - Identify opportunities to improve operational efficiency and effectiveness within total rewards processes, stay current on market trends and regulatory developments, and recommend practical enhancements to strengthen delivery and impact.


Who you are

  • You have relevant experience. You bring 5+ years of experience in total rewards, compensation, recognition, or a related Human Resources discipline. Experience in financial services is strongly preferred.
  • You give meaning to data. You enjoy investigating complex information, interpreting market and internal data, and turning insights into thoughtful recommendations that support sound business decisions.
  • Your influence makes a difference. You have strong consulting and relationship management skills, and you know how to build credibility with leaders and partners to guide decisions and gain support for new approaches.
  • You know that details matter. You proactively identify, assess, and help mitigate regulatory and reputational risk. Your critical thinking skills help inform decisions in a highly governed environment.
  • You're motivated by collective success. You work effectively across teams and with a wide range of partners, including Human Resources colleagues, senior leaders, external vendors, regulators, auditors, and professional networks, to deliver strong outcomes.
  • You're digitally savvy. You're comfortable working with analytics, reporting, presentations, and evolving tools to support communication, program delivery, and continuous improvement.
  • Values matter to you. You bring your real self to work, and you live our values - trust, teamwork, and accountability.

#LI-TA

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
  • We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
  • Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
  • We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.


*Subject to plan and program terms and conditions

Job Location
Toronto-81 Bay, 34th Floor

Employment Type
Regular

Weekly Hours
37.5

Skills
Business Objectives, Communication, Compensation Plans, Long Term Planning, Personal Initiative, Reporting and Analysis, Total Rewards, Work Collaboratively

About CIBC

The Canadian Imperial Bank of Commerce is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank is headquartered at Commerce Court in the city's Financial District. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT. It is one of two Big Five banks founded in Toronto, the other being the Toronto-Dominion Bank. The Canadian Imperial Bank of Commerce was formed through the June 1, 1961, merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, the largest merger between chartered banks in Canadian history. The bank has four strategic business units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It has international operations in the United States, the Caribbean, Asia, and United Kingdom; Globally. CIBC serves more than eleven million clients, and has over 40,000 employees. The company ranks at number 172 on the Forbes Global 2000 listing.
Learn more about CIBC
Market Cap
$43.5 billion
Industry
Founded
1867
5 Year Trend
+8.8%

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