Head, Total Rewards



Toronto, ON, Canada
Posted on Thursday, October 12, 2023

Head, Total Rewards

At Interac, we design and deliver products and solutions that give Canadians control over their money so they can get more out of life. But that’s not all. Whether we’re leading real-time money movement, driving innovative commerce solutions like open payments for transit systems, or making advancements in new areas like verification and open banking, we are playing a key role in shaping the future of the digital economy in Canada.

Want to make a lasting impact amongst a community of creative thinkers, problem solvers, technical gurus and high-performance application developers? We want to hear from you.

Reporting to the Chief People & Culture Officer, the Head of Total Rewards will be the strategic leader responsible for designing, developing, and overseeing a comprehensive total rewards program that attracts, retains, and motivates top talent within Interac. They will align Interac’s compensation, benefits, recognition, and wellness programs with business objectives while ensuring compliance with legal and regulatory requirements. The incumbent’s expertise will be crucial in creating a competitive advantage through Interac’s total rewards strategy and driving employee engagement and satisfaction.

You’ll be responsible for:

  • Develop and execute a forward-thinking total rewards strategy that closely aligns with our organization's business strategies, market dynamics, and financial parameters.

  • Continuously evaluate and analyze market data and industry trends to proactively adapt our compensation structures to remain competitive.

  • Lead the design and administration of our compensation programs, including base salary, bonuses, and equity-based incentives.

  • Lead the design and refinement of the company’s Job Architecture.

  • Collaborate with cross-functional teams to ensure equitable and transparent compensation practices, addressing any disparities or biases.

  • Strategically design and oversee our benefits and wellness programs, tailoring them to meet the diverse needs of our employees while enhancing their overall well-being.

  • Implement effective communication strategies to educate employees about the value of our benefits, including health, retirement, and wellness initiatives.

  • Develop and manage recognition programs that celebrate employee achievements and contributions, reinforcing our company's values and culture.

  • Collaborate with HR and leadership to design and implement performance-based incentive programs that align with organizational goals and drive high performance.

  • Oversee our job architecture strategy, ensuring that job roles, job families, and compensation structures are appropriately aligned and maintained.

  • Utilize your expertise in data analysis to generate actionable insights that inform decision-making and continuously improve our total rewards programs.

You Bring:

  • You are an advocate for equity and fairness within our compensation and rewards programs, actively addressing disparities and promoting diversity and inclusion initiatives. Knowledge of regulatory requirements related to compensation and benefits

  • Minimum 5 years proven experience in a senior leadership role focused on Total Rewards, with a track record of successfully designing and implementing comprehensive programs.

  • In-depth knowledge of compensation practices, benefits administration, and rewards strategies.

  • Strong leadership skills with the ability to collaborate effectively with cross-functional teams.

  • Exceptional analytical skills, capable of translating data into strategic recommendations.

Education and Certification:

  • Bachelor's degree in Human Resources, Business Administration, or a related field, and/or experience commensurate with the job requirements.

Interac requires employees to complete a background check that is completed by one of our service providers. We use this service to complete the following checks:

  • 5-year employment verification;
  • Canadian criminal record check;
  • Education verification;
  • Canadian ID cross-check;
  • Public safety verification; and
  • Credit inquiry

How we work
We know that exceptional people have great ideas and are passionate about their work. Our culture encourages excellence and actively rewards contributions with:

Connection: You’re surrounded by talented people every day who are driven by their passion of a common goal.

Core Values: They define us. Living them helps us be the best at what we do.

Compensation & Benefits: Pay is driven by individual and corporate performance and we provide a multitude of benefits and perks.

Education: To ensure you are the best at what you do we invest in you