Wealthsimple
Manager, Compensation
Your career is an investment that grows over time!
Wealthsimple is on a mission to help everyone achieve financial freedom by reimagining what it means to manage your money. Using smart technology, we take financial services that are often confusing, opaque and expensive and make them transparent and low-cost for everyone. We’re the largest fintech company in Canada, with over 3 million users who trust us with more than $20 billion in assets.
Our teams ship often and make an impact with groundbreaking ideas. We're looking for talented people who keep it simple and value collaboration and humility as we continue to create inclusive and high-performing teams where people can be inspired to do their best work.
Reporting into the Senior Director, Total Rewards, this role is leading the Compensation function. This role plays an integral part in designing and building structures, programs and systems that are scalable to support our growth.
In this role you’ll have the opportunity to:
- Support compensation strategy for the company by conducting market research, recommending programs, designing all aspects of compensation including cash, sales and equity.
- Own the design and delivery of compensation programs and ensure that our programs are in compliance with all compensation laws and regulations.
- Collaborate with HR Business Partners, Talent Acquisition, and business leaders to understand their perspectives and needs related to compensation, and to provide counsel to leaders regarding evolving compensation practices, evaluating new positions, job bands, grade levels, job descriptions, promotions and transfers
- Be the subject matter expert in compensation regarding market trends, market analytics and various programs.
- Support M&A activities and due diligence as they relate to compensation
- Manage and mentor a compensation analyst as the function is built out
- Responsible for quarterly equity grant submissions to the Board
- Support the production of board materials as needed with regards to compensation
- Develop and implement a comprehensive communication & education strategy for our compensation programs
In the first six months of this role:
- Build an understanding of our Compensation Philosophy and Strategy, our existing frameworks, structures, and programs.
- Get to know the People Ops team and key stakeholders to build business context and familiarize yourself with Wealthsimple as a company.
- Partner with the Senior Director, Total Rewards to support the People Ops team and leaders through the year end compensations review process.
- Partner with the HR Business Partner team to ensure our compensation framework is aligned with the internal job level system.
- Conduct annual pay equity exercise and job evaluation to meet compliance
- Conduct training workshops for our managers and talent partners to communicate compensation programs and philosophy.
- Lead and innovate our biannual compensation review process for 2024 and beyond.
We’re looking for someone who:
- Relevant Work Experience: Proven and recurring success and experience in the compensation/ benefits/ total rewards space. Experience with job benchmarking, market analytics and pay equity is a must.
- Decision makers: You are comfortable making decisions under pressure and/or ambiguity.
- Data & analytics: Excellent analytical and problem-solving skills. Understanding of financial metrics is a must have.
- Creativity: comfortable with thinking outside of the box and being open to new ideas. Ability to design creative solutions for compensation programs.
- Attention to Detail: You sweat the details. You know what top tier performance looks like because you have been a top tier performer and you know how to find the details that help your colleagues take performance to the next level.
- Collaboration: Excellent interpersonal skills and willingness to work in collaboration with a wide range of stakeholders and teams
- Communication: Able to communicate complex ideas in a simple & easy-to-understand way for any audience
- Results Driven: Wealthsimple is a data driven organization and you feel comfortable using and manipulating data to drive insights that help drive tangible team results.
Why Wealthsimple?
🤑 Competitive Salary with top-tier health benefits and life insurance
📈 Retirement savings matching plan using Wealthsimple Work
🌴 20 vacation days per year and unlimited sick and mental health days
📚 Up to $1500 per year towards wellness and professional development budgets respectively
🛫 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year
🌎A wide variety of peer and company-led employee resource groups (ie. Rainbow, Women of Wealthsimple, Black @ WS) Employee Resource Groups
💖 Company-wide wellness days off scheduled throughout the year
We’re a remote-first team, with over 1000 employees coast to coast in North America. Be a part of our Canadian success story and help shape the financial future of millions — join us!
DEI Statement
At Wealthsimple, we are building products for a diverse world and we need a diverse team to do that successfully. We strongly encourage applications from everyone regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status.
Accessibility Statement
Wealthsimple provides an accessible candidate experience. If you need any accommodations or adjustments throughout the interview process and beyond, please let us know, and we will work with you to provide the necessary support and make reasonable accommodations to facilitate your participation. We are continuously working to improve our accessibility practices and welcome any feedback or suggestions on how we can better accommodate candidates with accessibility needs.
Wealthsimple Inc. is a Canadian online investment management service focused on millennials.
- Founded
- Founded 2014
- Employees
- 201-500 employees
- Industry
- Diversified Financial Services
- Total raised
- $130M raised