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Senior Business Application Analyst- Compensation Delivery
TD
Toronto, CAN
Full Time
Senior
Field
1 weeks ago
Compensation TechnologyWorkdayVaricentBusiness AnalysisBusiness Acceptance TestingProject Management
Free
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Compensation TechnologyWorkdayVaricent
About the Role
TD is seeking a Senior Business Application Analyst to lead compensation technology activities, including Workday and Varicent. The role involves requirements gathering, solution design, testing, and operational support for compensation programs.
Key Skills for This Role
Compensation TechnologyWorkdayVaricentBusiness AnalysisBusiness Acceptance TestingProject Management
Responsibilities
- Lead Compensation Technology activities supporting compensation programs and platforms, including Workday, Varicent, and related solutions
- Plan, manage, and lead requirements gathering, solution design, and application lifecycle activities for key compensation initiatives
- Lead business testing, operational readiness, operational support, and change management activities
- Responsible for documentation of all business owned artifacts required for projects and major initiatives
- Responsible for all Business Acceptance Testing (BAT) documentation
- Work closely with Test Lead to ensure common testing standards are followed
- Provide support for deployment and change management activities
- Review requirements specifications, configuration designs, and technical documentation
- Identify, assess, and escalate risks that could impact compensation program delivery
- Act as an escalation point for compensation application, operational, and processing issues
Requirements
- Undergraduate degree or technical certificate in HR, Business Admin, Information Systems, Finance, or related discipline
- 5+ years of progressive experience in Compensation, Total Rewards, HR Technology, Business Analysis, Application Management, or related
- Strong knowledge of compensation related systems including Workday, Varicent, or similar
- Experience leading Business Acceptance Testing (BAT/UAT), change management, release management, and deployment activities
- Strong analytical, problem solving, and communication skills
- Experience using Agile delivery methodologies is an asset
Full Job Posting
Overview
- Lead Compensation Technology activities supporting compensation programs and platforms, including Workday, Varicent, and related compensation solutions.
- Plan, manage, and lead requirements gathering, solution design, and application lifecycle activities for key compensation initiatives.
- Lead business testing, operational readiness, operational support, and change management activities.
Key Accountabilities Customer
- Responsible for the intake of compensation technology projects, major initiatives, annual compensation cycle enhancements, and regulatory or business driven changes.
- Responsible for the documentation of all business owned artifacts required for projects and major initiatives as defined by TD's Project Delivery Life Cycle (PDLC) methodology.
- Responsible for all Business Acceptance Testing (BAT) documentation required for projects, system enhancements, annual compensation cycles, and major initiatives.
- Work closely with the Test Lead to ensure common testing standards and practices are followed and adhered to.
- Responsible for the planning, coordination, and execution of BAT activities for compensation technology projects, application releases, annual compensation cycle changes, and production maintenance activities.
- Responsible for working with various teams to establish a partnership and ensure all business requirements and Data Governance requirements are met.
- Provide support for deployment and change management activities related to compensation programs, technology enhancements, and system implementations.
- Review requirements specifications, configuration designs, and technical documentation to provide timely and meaningful feedback.
- Provide recommendations and possible solutions to address operational challenges, system issues, process inefficiencies, and risks.
- Identify, assess, and escalate risks that could impact compensation program delivery, annual compensation cycle timelines, data integrity, compliance, system stability, or project outcomes.
- Act as an escalation point for compensation application, operational, and processing issues, coordinating resolution with internal stakeholders, technology partners, business teams, and external vendors as required.
Key Accountabilities Shareholder
- Act as a key decision maker for compensation technology initiatives, annual compensation cycles, and system enhancements.
- Accountable for ensuring compensation projects, enhancements, and operational activities adhere to the EPMO project delivery methodology, governance standards, and control requirements.
- Ensure adherence to the Data Governance Framework.
- Ensure adherence to guidelines and regulatory requirements under Privacy, Legal, Compliance, and the Office of the Chief Data Officer.
- Demonstrated ability to build relationships within the team and with key stakeholders.
- Continuously enhance expertise in compensation technology platforms, including Workday, Varicent, and related applications.
- Support business case development for compensation technology investments, process improvements, and strategic initiatives.
- Drive continuous improvement by identifying opportunities to simplify processes, increase automation, improve the manager and colleague experience, and optimize compensation technology capabilities.
Key Accountabilities Employee / Team
- Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork.
- Support the team by continuously enhancing knowledge / expertise in own area and participate in knowledge transfer within the team and business unit.
- Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques.
- Participate in personal performance management and development activities, including cross training within own team.
- Keep others informed and up to date about the status / progress of projects and / or all relevant or useful information.
- Contribute to the success of the team by willingly assisting others in the completion and performance of work activities; provide training, coaching and/or guidance as appropriate.
- Contribute to a fair, positive and equitable environment that supports a diverse workforce.
- Act as a brand champion for your business area/function and the bank, both internally and/or externally.
Breadth & Depth
- Expert level professional role requiring deep knowledge of compensation programs, and compensation technology.
- Integrates business strategy, regulatory requirements, compensation principles, and broader organizational objectives into advice and solution recommendations.
- Serves as a subject matter expert in Compensation Delivery providing guidance and consultation to business partners, project teams, and stakeholders.
- Expert knowledge of compensation applications and platforms, including system functionality, business processes and rules, integrations, data flows, controls, security considerations, and reporting capabilities.
- Expert knowledge of bank's PDLC methodology, business testing and project management.
- Extensive understanding of compensation programs, annual compensation cycles, incentive compensation plans, compensation governance, and applicable business processes.
- Advanced analytical, problem solving, and critical thinking skills.
- Applies advanced methodologies and business expertise to identify opportunities, develop innovative solutions, establish best practices, and drive continuous improvement.
- Leads medium to large scale compensation initiatives, technology enhancements, and operational programs with moderate to high complexity, risk, and cross functional impact.
- Coordinates and prioritizes multiple initiatives.
- Works independently as a senior lead and may provide coaching, and guidance to team members and project participants within area of expertise.
- Reports to a Senior Manager.
Experience & Education
- Undergraduate degree or technical certificate in Human Resources, Business Administration, Information Systems, Finance, or related discipline, or equivalent combination of education and experience.
- 5+ years of progressive experience in Compensation, Total Rewards, HR Technology, Business Analysis, Application Management, or related operational and technology support functions.
- Strong knowledge of compensation related systems and applications, including Workday, Varicent, or similar HR and compensation technology platforms (certifications are considered an asset).
- Experience using Agile delivery methodologies and practices is considered an asset.
- Experience leading Business Acceptance Testing (BAT/UAT), change management, release management, and deployment activities for system enhancements and business initiatives.
- Strong analytical, problem solving, and communication skills with the ability to translate business needs into effective operational and technology solutions.
Pay Details
- Pay Details: CAD 81,600 CAD 115,200 CAD.
- TD is committed to providing fair and equitable compensation opportunities to all colleagues.
- Base pay actually offered may vary based upon the candidate's skills and experience, job related knowledge, geographic location, and other specific business and organizational needs.
Who We Are
- TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores.
- More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience.
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