Senior Business Application Analyst- Compensation Delivery

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Enterprise Enabling Functions

Pay Details:

$81,600 - $115,200 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

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

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process 
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Sans Objet