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Senior Compensation Analyst

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.comWhat you'll be doingAs a Sr. Compensation Analyst, Total Rewards, you’ll provide project and program support to the total rewards team. You will work on assignments of limited complexity with general guidance, preparing regular analysis and reports that summarize findings for the business and the team. This role will allow you to conduct analysis regarding administration processing through monthly and quarterly reports, identifying data integrity issues. You will also participate in internal and external market research by engaging in industry and ad hoc custom surveys.At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work, you’ll be hybrid, 2-3 days per week.How you'll succeed• Conduct analysis – Perform regular analysis and prepare reports that summarize findings for the business and the team.• Identify data integrity issues – Exercise independent judgment to identify and address data integrity issues through monthly and quarterly reports.• Participate in surveys – Engage in general industry and ad hoc custom surveys to gather market research data.• Support compensation processing – Assist in the administration of compensation programs, including job evaluations and benchmarking against market data.• Collaborate with teams – Work with HR partners and business leaders to provide guidance on total rewards-related issues and inquiries.• Ensure compliance – Maintain compliance with applicable laws, regulations, and industry standards in compensation practices.Who you are• You have a Bachelor’s in Human Resources, Business Administration, or a relevant field.• You can demonstrate 4-5 year’s experience in compensation best practices, as well as relevant laws and regulations. Preferred experience in Finance or Financial Services.• It’s an asset if you have Experience and familiarity with Workday and PayScale/MarketPay.• Analytical – You give meaning to data and enjoy investigating complex problems to inform decision-making.• Detail-oriented – You know that details matter and your critical thinking skills help to inform your decision-making.• Collaborative – You’re motivated by collective success and understand that teamwork can transform a good idea into a great one.• Proactive self-starter – You can quickly adapt and upskill to new project requirements and apply your knowledge across diverse teams.• Values matter to you – You bring your real self to work and you live our values - trust, teamwork, and accountability.California residents — your privacy rights regarding your actual or prospective employmentAt CIBC, we offer a competitive total rewards package. This role has an expected salary range of $70,000 - $80,000 for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.What CIBC OffersAt CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.• Subject to plan and program terms and conditionsWhat 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.• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.Job LocationIL-120 S LaSalle St, 8th FlEmployment TypeRegularWeekly Hours40SkillsBusiness Objectives, Communication, Compensation Plans, Long Term Planning, Office Administration, Personal Initiative, Reporting and Analysis, Rewards Programs

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What You Should Know About Senior Compensation Analyst, CIBC

Are you ready to take the next big step in your career? At CIBC, we’re on the lookout for a passionate Senior Compensation Analyst to join our Total Rewards team in beautiful Fort Lauderdale, FL. This isn't just a job; it's an opportunity to make a meaningful impact on our organization and the clients we serve. In this role, you’ll have the chance to conduct insightful analysis and prepare reports that help our team make informed decisions. You’ll dive deep into data to identify any integrity issues and participate in both internal and external market research. Collaborating closely with HR partners, you’ll assist with compensation processing and provide guidance on total rewards-related inquiries. With your Bachelor’s in Human Resources or a relevant field and 4-5 years of experience under your belt, you’ll contribute to a culture that values trust, teamwork, and accountability. Plus, enjoy the flexibility of a hybrid work environment, where you can work 2-3 days in the office! At CIBC, we prioritize your professional growth and well-being with competitive salaries and a comprehensive benefits package. Are you ready to bring your analytical skills and proactive mindset to our team? Join us in shaping the future of banking and making a difference in our clients' lives.

Frequently Asked Questions (FAQs) for Senior Compensation Analyst Role at CIBC
What are the primary responsibilities of a Senior Compensation Analyst at CIBC?

As a Senior Compensation Analyst at CIBC, you'll be responsible for conducting in-depth analysis and preparing reports while identifying any data integrity issues. You'll engage in market research through participation in industry surveys and support the administration of compensation programs. Your collaboration with HR and business leaders will help ensure adherence to compensation practices that align with industry standards.

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What qualifications are needed for the Senior Compensation Analyst role at CIBC?

To qualify for the Senior Compensation Analyst position at CIBC, candidates must hold a Bachelor’s degree in Human Resources, Business Administration, or a related field. Additionally, 4-5 years of experience in compensation best practices and familiarity with relevant laws is essential. Experience in Finance or Financial Services and knowledge of tools like Workday are preferred.

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How does CIBC support professional growth for Senior Compensation Analysts?

CIBC is committed to your professional development as a Senior Compensation Analyst. The bank provides opportunities for growth through initiatives like Purpose Day, where you get a paid day off to focus on your development. Additionally, CIBC offers resources and a supportive environment where team members are encouraged to express their ambitions and contribute to innovative solutions.

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What type of analytical skills are required for a Senior Compensation Analyst at CIBC?

Analytical skills are crucial for a Senior Compensation Analyst at CIBC. You should be able to interpret complex data, identify patterns, and make informed decisions based on your analysis. Critical thinking and attention to detail are also essential as you prepare reports and address any data integrity issues that arise.

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What does the work environment look like for a Senior Compensation Analyst at CIBC?

At CIBC, the work environment for a Senior Compensation Analyst is flexible and collaborative. The role operates in a hybrid format, allowing you to work 2-3 days in the office. This setup fosters teamwork and facilitates the sharing of ideas, all while you enjoy a supportive workspace that prioritizes employee well-being.

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Common Interview Questions for Senior Compensation Analyst
Can you explain your experience with compensation analysis?

When discussing your experience with compensation analysis, focus on specific projects you've worked on, methodologies you employed, and results you achieved. Emphasize your ability to conduct thorough market research and how your insights contributed to improved compensation strategies.

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How do you ensure data integrity in your reports?

To ensure data integrity in your reports, outline the processes you use to verify data accuracy, such as regular audits and comparisons with industry standards. Discuss any tools or software, like Workday, that you use to help manage and flag potential discrepancies in your data.

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What strategies do you use for effective collaboration with HR and business leaders?

In your response, highlight communication skills and how you build relationships with HR and business leaders. Share examples of past collaborations where you successfully addressed compensation-related inquiries and implemented effective solutions.

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Describe a challenging compensation issue you've faced and how you resolved it.

When answering this question, share a specific example that demonstrates your problem-solving skills. Detail the challenge, the steps you took to analyze the issue, and the impact of your resolution on the organization or compensation strategy.

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What tools and software are you familiar with for compensation analysis?

Discuss your experience with compensation-specific tools like Workday, PayScale, or MarketPay. Give examples of how you’ve used these tools to conduct analyses and support compensation programs effectively.

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How do you approach conducting market research on compensation?

Outline your approach to market research, including identifying reliable resources, analyzing market trends, and synthesizing data into actionable insights. Mention any experience you have with conducting industry surveys.

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What role does compliance play in compensation practices?

Compliance is crucial in compensation practices to ensure that all company policies align with legal regulations and industry standards. Explain your understanding of relevant laws affecting compensation and how you’ve maintained compliance in past roles.

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How do you manage tight deadlines while still ensuring accuracy in your work?

Explain your time management strategies, such as prioritizing tasks, setting clear milestones, and using project management tools. Share how you maintain accuracy under pressure and avoid common pitfalls that could jeopardize the quality of your analysis.

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What steps do you take to stay updated on compensation trends?

Discuss your proactive approach to keeping informed about compensation trends, such as attending industry conferences, subscribing to relevant publications, or participating in professional networks. Emphasize your commitment to continuous learning.

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Why do you want to work at CIBC as a Senior Compensation Analyst?

Your answer should reflect your knowledge of CIBC's values and culture. Mention specific aspects of the company's approach to employee development and client service that resonate with you, and express your enthusiasm for contributing to their mission.

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At CIBC, we aim to help our clients, employees, communities and shareholders achieve their ambitions.

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Full-time, hybrid
DATE POSTED
December 3, 2024

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