Manager Compensation

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets.  United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

We are looking for an experienced Manager, Compensation, who thrives in complex, high-stakes environments and brings strong experience with Canadian legislation—including proactive Pay Equity compliance across Federal, Ontario, and Quebec frameworks, as well as evolving Pay Transparency requirements.

As a Compensation Manager, you will serve as the senior compensation consultant to assigned business units (which may span multiple regions) and be a hands-on people leader within the Total Rewards team. You possess the professional maturity to influence senior leaders, navigate sensitive and consequential compensation decisions — including restructures, STIP design, leveling, and organizational design — and develop the people around you to deliver exceptional advisory work. You evolve programs to meet emerging business needs with a focus on measurable outcomes.

This role reports to: Senior Manager, Compensation

This role is hybrid (2-3 days/week in the office) - based in Toronto office

Key Accountabilities:

Leadership & People Development

• Team Management: Provide direct leadership to Compensation Partner/ Analyst overseeing their professional development, performance management and daily deliverables. Set clear expectations, create accountability, and build a high-performing team culture.

• Capability Building: Act as a technical mentor and coach, elevating the team’s compensation advisory and analytical capabilities and ensuring the delivery of high quality, actionable insights to the business

• Workload Management: Manage team capacity across competing priorities and prioritize workstreams to ensure alignment with the broader HR strategy.

• Talent Development: Identify development opportunities for each team member, actively supporting their progression and building the bench strength of the compensation function.

Business Partnering & Advisory

• Senior Compensation Consulting: Serve as the senior compensation lead advisor for assigned business units, leading complex and sensitive matters including offer recommendations, job leveling, restructuring, and organizational design.

• Solution Design: Partner with HR Business Partners (HRBPs) and business leaders to co-create compensation solutions that balance business objectives, market competitiveness, and fiscal responsibility. Bring a commercially grounded perspective to every recommendation and ensure solutions are scalable and consistent with TMX's pay philosophy.

• Cross-Functional Partnership: Partner with Talent Acquisition, Finance, HR Technology, and business leaders to ensure the seamless execution of salary planning, bonus accruals, and financial forecasting across assigned portfolios.

• Compensation Literacy: Lead education sessions for employees, managers, and HRBPs to build compensation literacy and program engagement — and equip team to do the same.

Market Intelligence & Compliance 

• Survey Strategy: Lead the annual market survey process for assigned functions, refreshing the survey strategy to ensure data sources remain relevant to TMX's evolving competitive landscape. Translate complex market data into clear, actionable insights that help leaders navigate the balance between market competitiveness and internal equity.

• Pay Equity Ownership: Serve as TMX's subject matter expert for Canadian pay equity compliance — maintaining plans and conducting proactive reviews under Federal, Ontario, and Quebec legislation. Provide guidance to HR and Legal on required actions, timelines, and disclosures.

• Pay Transparency: Stay ahead of provincial and federal pay transparency legislation, providing proactive guidance to Talent Acquisition and leadership on required disclosures and program adjustments.

Projects and Programme Support

• Portfolio Stewardship: Own the compensation outcomes for your entire regional and business unit portfolio — ensuring every decision within your scope reflects TMX's pay philosophy, is defensible under scrutiny, and is delivered with consistency across your team.

• Project Leadership: Independently lead regional and business unit-specific compensation projects from scoping through to delivery — such as job architecture reviews, pay structure updates, and compensation initiatives within assigned portfolios. Support enterprise-wide programs led by the Senior Manager, Compensation as required.

Skills & Experience

Must-Haves:

• Experience & People leadership: 7+ of progressive experience in compensation in a business partner or advisory capacity, with a demonstrated track record of leading complex compensation conversations with senior business leaders and HRBPs, including 2-3 years of experience directly managing or formally mentoring employees with a demonstrated ability to develop talent and build high-performing teams.

• Project Management: Proven track record of managing complex cross functional projects.

• Consulting Depth: Proven ability to advise senior leaders on complex and sensitive compensation matters — including restructuring, STIP design, job leveling, and organizational design — with sound independent judgment and commercial acumen.

• Canadian Regulatory Knowledge: Working knowledge of Canadian pay equity legislation — Federal, Ontario, and Quebec — and provincial pay transparency requirements.

• Technical Knowledge: Deep expertise in total rewards principles, job evaluation methodologies, and compensation program design. Advanced proficiency in Workday Compensation, including incentive plan configuration and system enhancements.

• Analytical Rigor: Demonstrated ability to deliver high-quality, accurate work under tight deadlines in a fast-moving environment — balancing precision with pace without sacrificing either.

• Adaptability: Proven ability to operate effectively in a complex, fast-changing environment — maintaining rigor and sound judgment through ambiguity.

• Tools: Advanced proficiency in MS Excel/Google Sheets (complex modeling) and project management frameworks.

• Education: Bachelor's degree in Human Resources, Business, Finance, or a related field.

Nice-to-Haves:

• System Expertise: Direct experience with Workday Advanced Compensation modules is an asset

• Sales Compensation: Experience in the design and management of Sales incentive Plans

• Professional Designations: Completion of, or progress toward, CCP (Certified Compensation Professional) or CHRP/CHRL designation

Salary Range: 110,000/year - 130,000/year CAD

Please note that the Salary Range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

In the market for…

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived! 

Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located. 

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.