Full TimeENEurope
Job Description
What is the opportunity?
The Compensation Analyst is responsible for working on the design, development, implementation and communication of compensation solutions (salary, short-term incentive and equity programs) which support and align with RBC’s Compensation Principles and comply with local remuneration policies for the UK and European groups.
You will provide the HR Business Partners (HRBPs) and senior management with advice on all aspects of compensation programs, policies, initiatives and integrated HR solutions, ensuring that they have a clear understanding of the financial and human capital impact of their HR decisions.
Additionally, you will work to ensure RBC’s adherence to remuneration rules and the requirements of Regulators across the Wealth Management platforms in the UK and Europe and therefore help maintain RBC’s reputation on regulatory matters.
This is a full-time role and will require 4 days in the office.
What will you do?
As part of the UK Compensation Team, you, in conjunction with input from other teams, will be accountable for the following deliverables:
Design base salary and incentive solutions for employees that support RBC’s attraction and engagement strategies, ensuring programs are aligned with RBC’s Compensation Principles so that they are financially viable, as well as adhere to all regulatory remunerations rules
Provide advice, counsel and direction on compensation solutions to Business Partners supporting the business in its achievement of both its short- and long-term strategic objectives. You will work with major change initiatives (mergers, divestitures, re-alignment of roles, etc.) and provide advice for offers, retention situations, as well as how to address compensation discrepancies
You will help to further advance RBC’s Gender Pay and D&I initiatives through analysis and reporting
Participate in third party market research and utilise results to provide HRBPs with meaningful insights and actionable information and recommendations to help more effectively manage compensation spend and increase employee engagement
Administer Compensation Year-End (YE) Cycle for Groups – ensuring Comp tools are properly configured. Work with HRBPs /leaders in order to optimise decision-making on all variable compensation, actively help the overall team prepare YE HR Committee materials and regulatory submissions
Proactively leverage external networks to provide RBC with competitive intelligence, keeping abreast of market trends that could impact RBC compensation
Drive efficiency and effectiveness through continuous process improvement, automation and streamlining.
What do you need to succeed?
Must Have
Solid expertise in Compensation fundamentals
Strong analytical skills and numeracy, with high levels of accuracy under pressure
Strong planning, time management and execution skills to meet tight deadlines
Able to manage and organise large volumes of information: absorb detail easily with strong, accurate recall
Solid understanding of PRA, FCA and EBA remuneration regulations impacting UK financial institutions
Logical thinker; able to plan action steps to conclude assignments on time
Good verbal communication skills to discuss sensitive issues around pay
Assertive: able to challenge requests, encourage a broader perspective and influence others
Good written communication skills to draft presentations and reports
Approachable and flexible, willing to assist colleagues, committed to high standards.
Nice To Have
Experience with Workday, SAP and ADP
Experience using external market data tools (PayFactors & McLagan).
What is in it for you?
We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
Leaders who support your development through coaching and managing opportunities
Opportunities to work with the best in the field
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
A world-class training program in financial services.
Agency Notice
RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.
Job Skills
Compensation Management, Confidentiality, Critical Thinking, Data Gathering Analysis, Detail-Oriented, Knowledge Organization, Long Term Planning, Project Administration, Salary Structure Design, Workforce AnalyticsAdditional Job Details
Address:
100 BISHOPSGATE:LONDONCity:
LondonCountry:
United KingdomWork hours/week:
35Employment Type:
Full timePlatform:
HUMAN RESOURCES & BMCCJob Type:
RegularPay Type:
SalariedPosted Date:
2026-03-01Application Deadline:
2026-05-24Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.
