Job Information
CIBC HR Rewards Partner in London, United Kingdom
We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com (https://www.cibc.com/en/about-cibc.html)
We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.
At CIBC, we embrace your strengths and your ambitions so you feel empowered at work. Our team members have what they need to make a meaningful impact and feel truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com (https://www.cibc.com/en/about-cibc.html)
Job Description
BUSINESS UNIT DESCRIPTION
Human Resources works in partnership with CIBC’s business units to enhance organizational performance, the employee experience and advance CIBC’s overall corporate strategy. The group delivers integrated human resources solutions in recruitment, talent management, training and development, performance management and measurement, organizational design, employee relations, as well as policy and operations.
What You’ll Be Doing
This Rewards, Pension and Benefits role is to provide regional compensation, pension and benefit subject matter expertise and support to the global rewards and governance teams based in Toronto and with internal HR partners in the Europe and Asia Pacific Regions.
KEY ACCOUNTABILITIES
Remuneration:
Working with the HR Governance team ensure that the UK, Luxembourg and Asia countries’ remuneration-related policies and processes are compliant with regulatory requirements and expectations through a regular review of variable compensation plans and fixed pay components.
Produce remuneration-related regulatory submissions and oversee the preparation and review of regulatory reporting data tables (eg. Pilar 3, High earners report).
Interpret and action with internal reward partners the implications for CIBC of new or revised remuneration regulation by drafting responses to consultations and reviewing the alignment of internal practices through detailed gap analyses.
Provide technical rewards expertise (e.g. offer recommendations, internal and external benchmarking, buy out calculations for new hires or gender diversity analysis) surrounding the day to day reward operations for the regions.
Be a key member of the team during the annual compensation review process to ensure proper execution and implementation locally and globally. Support the creation of compensation committee presentations, data analysis around Material Risk Takers, Deferral Plans, bonus pool evolution, etc. for the UK Remuneration Committee and Luxembourg Board meetings.
Material Risk Taker Register:
Maintain the MRT list and MRT methodology documents ensuring it is reviewed in line with requirements.
Ensure processes are in place to capture all MRTs upon hiring, transfer etc..
Pension & Benefits:
Manage the annual benefits renewals for the region.
Ensure the Pension plan submits all regulatory returns in a timely manner.
Key Skills
Deep expertise in rewards, benefits and pension in a financial services environment.
Excellent planning, organizational and facilitation skills with attention to detail
Strong written and oral communication skills, excellent analytical skills and an ability to problem solve
Client service driven with strong organizational and project management skills
Cross-Functional Relationships
- This job interfaces with other HR counterparts across Europe, Asia and north America and will work in partnership with Centres of Expertise globally (eg. rewards, pension, benefits)
Compliance Requirements
- As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls
Who You Are
Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.
Degree or equivalent required
A minimum 8 years rewards experience in a high volume, fast paced corporate environment within the financial industry
Strong analytical skills and ability to work with large amounts of data
Outstanding client service orientation and interpersonal skills; ability to work effectively with all levels of management in a matrix environment
Understanding of systems such as Workday is a plus
Must be a self-starter, strong team player; and possess strong organizational and time management skills
Experience of partnering with the business to prepare an appropriate campus recruitment calendar and strategy
Excellent written and verbal communication skills and attention to detail
Ability to communicate, influence, and educate partners and business leaders
Ability to effectively prioritize competing tasks from a variety of sources
Ability to simultaneously manage tight timelines on various tasks of equal importance
You embrace and champion change. You'll continuously evolve your thinking and the way you work in order to deliver your best.
Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
You’re digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.
You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to create a shared vision.
Working Conditions
This role operates within a normal office environment
This role may require individual to work overtime
What CIBC Offers
At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents, and empowers teams to do what’s right for the client, and to do it well. As part of our team, you will:
Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and at home
Connect : Work in a place where the right technology and infrastructure fosters innovation, collaboration and creativity
Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training
Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits program, and employee share purchase plan
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com
You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit
Job Location
150 Cheapside, 2nd Flr,London
Employment Type
Regular
Weekly Hours
35
Skills
Accountability, Communication, Employee and Labor Relations, HR Strategic Management, Human Resources (HR), Leadership, Organizational Development (OD), Talent Management, Teamwork, Total Rewards, Workplace Transformation
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.