Senior Manager/Director Compensation (Toronto)

Job Overview

IGM Financial Inc. is a leading wealth and asset management company in Canada, managing approximately $310 billion in assets as of December 31, 2025. It offers financial planning and investment services to over two million Canadians through IG Wealth Management and Mackenzie Investments. Mackenzie Investments, founded in 1967, is a key part of IGM's business model, serving as a comprehensive asset‑management partner for Canadian financial advisors and their clients. At Mackenzie Investments you can build your career with confidence. We are proud to be recognized as one of Canada’s Top 100 Employers for the fourth consecutive year and one of Canada’s Best Diversity Employers.

We are currently looking for a Senior Manager or Director, Compensation to join our IGM Human Resources department located in Toronto, Winnipeg, or Montreal.

Responsibilities

• Overall Compensation Consultation for the Asset Management Business: provide expert advice to HR Business Partners on compensation decisions and impacts related to the Asset Management business.
• Work with the compensation team on corporate compensation matters (e.g., salary structure, year‑end annual compensation cycle).
• Lead the development and design of IGM’s sales compensation programs supporting the Asset Management businesses.
• Work closely with senior leaders and key stakeholders to understand the strategic priorities and financial impacts of the compensation plans.
• Provide innovative and effective compensation solutions that drive the right behaviours of the sales and investment management team and achieve success in key business metrics.
• Provide SME advice and counsel in managing the compensation plans on an ongoing basis.
• Responsible for the implementation and administration of the sales compensation plans, including leading a team of compensation professionals that manage the execution of the specialized incentive plans.
• Work with key business stakeholders, including senior leaders, investment management team and the sales team, in the management of the compensation plans including regular communication, reporting, and analysis.
• Manage the partnership with key stakeholders in the calculation process, including members of the Compensation, Finance and Sales Analytics teams to ensure the commissions are managed within a timely, accurate and effective process.
• Manage the partnership with technology in the continued development and improvement of the Specialized Incentive Plan Tool which is the system that calculates, reports and forecasts incentives for the Investment Management business line.

Qualifications

• 7–10 years of progressive or relevant business experience in employee compensation.
• University degree in business administration or related disciplines; a Compensation Professional Discipline preferred.
• Strong analytical and numeric skills with the ability to interpret and communicate data effectively.
• Demonstrated experience with compensation principles and concepts, including knowledge of job evaluation, pay structure, variable pay experience, pay equity legislation, annual merit budgeting, and the use of competitive pay analysis.
• Demonstrated experience with designing and implementing sales compensation programs.
• Proactive leader with proven decision‑making skills and the ability to manage expectations effectively to successfully achieve multiple, competing priorities.
• Proven experience working with business leaders and senior professionals.
• The ability to produce high‑quality work under time pressure and to work as part of a team.
• Knowledge of general Human Resources practices & policies, laws and regulations as applicable to compensation.

Benefits

• Competitive base salary of $142,500 – $178,500, based on skills, experience, and location.
• Performance‑weighted bonus, education/career support, option to join Employee Share Purchase Plan with employer matching component.
• Competitive health and dental coverage, flexible plan for you and your family, and short‑term & long‑term disability plans.
• Group RRSP enrollment with employer matching component.
• Paid volunteer days, wellness days off, WorkPerks discount program, hybrid & flex work arrangements.
• Inclusive culture and diversity commitment; accessible employer providing barrier‑free recruitment and accommodations.

Equal Employment Opportunity

We encourage applications from all qualified candidates that represent the diversity present across Canada – including racialized persons, women, Indigenous persons, persons with disabilities, 2SLGBTQIA+ community, gender diverse and neurodiverse individuals, as well as all who may contribute to the further diversification of ideas. Mackenzie Investments is an accessible employer committed to providing a barrier‑free recruitment experience. If you require accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.