Compensation Consultant

Vancity • Vancouver, BC

3h • CA$86,400 - CA$106,680 • Hybrid

About The Position

As a Compensation Consultant, you are a subject matter expert in the design, governance, and administration of compensation programs, with a strong focus on incentive and commission-based plans across lines of business including Commercial Banking, Retail Banking, and Wealth. You will play a key role in evolving Vancity’s compensation programs by ensuring plans are well-designed, effectively governed, and consistently administered. You will partner closely with business leaders and People & Culture stakeholders to translate business strategies into practical, compliant, and competitive compensation solutions. This role requires a balance of technical expertise, strong business partnering, and data-driven storytelling to influence decision-making and maintain alignment to Vancity’s compensation philosophy. This is a Full-time, Permanent role based at our Vancity head office and will report directly to the Manager, Compensation. While this position provides a hybrid work arrangement, you will be expected to be on-site for events and business demands.

Requirements

• 5+ years of experience in compensation, with direct experience in incentive/commission plan design and administration
• Experience supporting commercial banking, retail banking, wealth management, or other sales-driven environments
• Strong understanding of plan governance, controls, and compliance (e.g., approvals, eligibility rules, documentation, audit readiness)
• Demonstrated experience calculating and administering complex incentive plans, including performance measures and payout models
• Advanced analytical skills, including Excel-based modeling and data manipulation
• Experience with Power BI or other data visualization tools to support reporting and insights
• Strong business acumen with the ability to balance technical precision and practical business needs
• Proven ability to influence and advise senior stakeholders in a consultative manner
• Strong communication skills, including the ability to simplify complex compensation concepts

Nice To Haves

• Experience supporting multiple compensation plan types (e.g., commission, production-based pay, scorecard-driven incentives)
• Familiarity with financial services compensation structures and regulatory considerations
• Experience with compensation governance frameworks, policy development, and plan documentation
• CCP or progress toward certification

Responsibilities

• Leading the design, governance, and ongoing administration of incentive and commission-based compensation plans, ensuring alignment with business objectives, regulatory requirements, and internal policies
• Acting as a trusted advisor to business leaders (Commercial, Retail, Wealth) on compensation plan design, pay mix, performance measures, and market practices
• Managing end-to-end incentive plan processes, including eligibility, performance tracking, payout calculations, validation, and reporting
• Ensuring strong governance and controls over compensation programs, including documentation, approval processes, audit readiness, and consistent policy application
• Partnering with Finance, Payroll, and business teams to validate calculations, resolve discrepancies, and ensure accurate and timely payouts
• Analyzing compensation and performance data, using tools such as Excel and Power BI, to generate insights and inform plan design and business decisions
• Translating complex data into clear, actionable insights and recommendations for senior stakeholders
• Supporting the continuous improvement of compensation frameworks, policies, and processes, particularly within incentive and variable pay structures
• Contributing to annual compensation cycles, including merit, incentive payouts, and structural updates, with a focus on plan integrity and consistency
• Providing education, guidance, and training to leaders and People & Culture partners on compensation programs, plan mechanics, and governance requirements

Benefits

• Competitive rewards and benefits
• Customizable Benefits: Permanent employees receive flexible benefit packages that can be tailored annually to meet evolving needs.
• Generous Vacation: New employees start with 3-4 weeks of vacation per year, with additional days earned over time.
• Extra Stat Holidays: In addition to BC’s 11 statutory holidays, we offer 2 extra days, plus care days for personal or family illness.
• Immediate Health Coverage: Health and dental benefits begin on your hire date, with three levels of coverage to choose from.
• Defined Benefit Pension: Our retirement plan provides a guaranteed income for life, recognizing that retirement looks different for everyone.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed