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Compensation Manager, Europe, Human Resources

Job ID 110635 Aug. 13, 2021 London, United Kingdom

Join the Global Community of Scotiabankers to help customers become financially better off.

A Best Workplace
Scotiabank is a premier financial institution and Canada’s most international bank recognized as a Best Workplace®, in Canada, Mexico, El Salvador, Costa Rica, Puerto Rico, Dominican Republic, Panama, Peru, Chile and Latin America by the Great Place to Work® Institute.

A multinational winning team
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 21 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management, corporate and investment banking.

Corporate Social Responsibility
Scotiabank helps to build bright futures worldwide through ethical banking practices, environmental awareness and a commitment to communities.


Contributes to the overall success of Total Rewards and the Human Resources Function in Europe by ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.Ensures all activities conducted are in compliance with remuneration regulation requirements of the PRA/FCA & the EBA and internal policies and procedures.


Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Manages the annual calendar of remuneration-related governance and compliance activities for the UK and Ireland, including internal meeting dates, documentation, records and external regulatory filings / deadlines.Works closely with a variety of internal stakeholders in the UK, Ireland and Toronto to ensure all timelines are met.

Supports the UK and Ireland Remuneration Oversight Committees, SBE Remuneration Committee and SIDAC Board on remuneration-related matters by assisting with agenda planning, material preparation, management of timelines and input from multiple sources (Total Rewards, Legal / Corporate Secretaries, etc.), co-ordination of executive reviews, note-taking and subsequent preparation of meeting minutes, etc.

Assists in the preparation of remuneration-related regulatory reports and filings (e.g., the UK Remuneration Policy Statement, Pillar 3 reports, High Earners reports, UK Material Risk Taker exclusion report, gender pay gap report, etc.) as well as policy and procedural documents (e.g., UK and SIDAC Addendums to BNS Compensation Policy, Clawback Policy addendums, Fixed Pay Allowance Policy, MRT identification procedures, buy-out procedures, etc.), by providing relevant data and information and reviewing drafts for accuracy, completeness and compliance with regulatory requirements.

Supports all internal audit or compliance-led reviews on remuneration-related matters in the UK and Ireland.

Maintains the UK and Ireland MRT lists and associated documentation

Supports with remuneration regulatory rules mapping, by tracking and maintaining relevant rules gap analysis for the UK and Ireland (including maintenance of the iRCM regulatory rules and controls libraries).Supports the Senior Manager Compensation Policy and Governance in acting as local liaison with the Toronto-based Total Rewards team on regional compensation matters, including with respect to recruitment and/or executive appointments, year-end incentive planning, remuneration benchmarking and collaborating with HR Business partners on relevant projects.

Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

Champions a high-performance environment and contributes to an inclusive work environment.

Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.


European (UK and Ireland) scope

Supports minimum of 4 UK ROC, 4 SIDAC ROC, 4 SBE RemNomCo and 4 SIDAC Board meetings per year

Compliance with European regulatory bodies and/or requirements, including FSB, EBA, PRA, FCA, CBI, etc.

Proficient with Microsoft Office suite of products (highly proficient in Excel would be desirable)

Good presentation skills - supporting/deputising for Snr Manager at governance/ committee


Graduate Level (or equivalent)

Substantial financial industry experience in remuneration-related policy, governance and compliance

Work product is provided to top executives and board members, so timeliness, quality, presentation and accuracy are essential

High level of MS Office mainly excel and PowerPoint

Scotiabank is committed to providing an inclusive and accessible candidate experience. Only those candidates selected for an interview will be contacted. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to meet your needs.

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