Senior Consultant, Total Rewards

CIBC • Toronto, ON

4d • Hybrid

About The Position

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.

Requirements

• 5+ years of experience in total rewards, compensation, recognition, or a related Human Resources discipline.
• Experience in financial services is strongly preferred.
• Strong consulting and relationship management skills.
• Ability to build credibility with leaders and partners to guide decisions and gain support for new approaches.
• Proactively identify, assess, and help mitigate regulatory and reputational risk.
• Critical thinking skills to inform decisions in a highly governed environment.
• Ability to 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.
• Comfortable working with analytics, reporting, presentations, and evolving tools to support communication, program delivery, and continuous improvement.
• Bring your real self to work, and live our values - trust, teamwork, and accountability.
• Legally eligible to work at the specified location(s) and, where applicable, have a valid work or study permit.

Nice To Haves

• Experience in financial services is strongly preferred.

Responsibilities

• Provide strategic consultation to business and functional leaders on recognition and total rewards solutions that are competitive, practical, and aligned with business priorities.
• 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.
• Lead analysis to evaluate market competitiveness, internal alignment, and regulatory considerations across total rewards programs, using insights to inform recommendations and decision-making.
• Deliver programs that attract, retain, and recognize top talent across CIBC.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.

Benefits

• Competitive salary
• Incentive pay
• Banking benefits
• Benefits program
• Defined benefit pension plan
• Employee share purchase plan
• Vacation offering
• Wellbeing support
• MomentMakers, our social, points-based recognition program
• Purpose Day; a paid day off dedicated for you to use to invest in your growth and development

What This Job Offers

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