Data and Analytics Specialist, Compensation and Benefits
Take a central role
The Bank of Canada has a vision to be a leading central bank—dynamic, engaged and trusted—committed to a better Canada. No other employer in the country offers you the unique opportunity to work at the very center of Canada’s economy, in an organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in our environment.
Building on the principles that have always guided us – excellence, integrity and respect – we strive to be forward-looking and innovative, to welcome people with diverse perspectives and talents, and to earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions.
With our defined-benefit pension plan, benefits, and high flexibility for work life balance - find out more about why we are annually ranked as one of Canada's top employers: Working Here - Bank of Canada
Find out more about the next steps in our Recruitment process.
Why you should apply
We are seeking a results-oriented data and analytics specialist who is excited about transforming data into compelling narratives and actionable insights, bringing new technology to bear in solving problems, and who is enthusiastic to apply these capabilities to compensation and benefits strategy.
Reporting to the Director of Compensation and Benefits, you will join a small, specialized team with the mandate to ensure the Bank’s compensation and benefits program remains relevant and competitive, reflecting the Bank’s vision and anticipating future business needs. To achieve this, we work with colleagues across HR, including HR Business Partners, Recruitment, Payroll, and People Analytics.
What you will do
You will play a key role in advancing the Bank’s total compensation strategy by strengthening data foundations, enabling sophisticated analytics, and supporting the evolution of compensation and benefits programs. You will work across multiple workstreams, blending technical expertise with strategic insight to deliver high-impact outcomes.
In this role, you will:
- Strengthen market and survey intelligence by wrangling and validating complex datasets from multiple surveys, ensuring alignment with internal job evaluation frameworks and leveling structures.
- Advance pay equity analytics by employing statistical methods such as multi-dimensional analyses (including regression modelling).
- Enable data-driven decision-making across compensation cycles by preparing and analyzing people and financial data for key processes such as the mid-year performance review and compensation proposal development, including scenario modelling.
- Support the evolution of benefits programs and policies by developing dashboards, conducting ROI analysis, and generating insights to inform program effectiveness and sustainability.
- Apply creative problem-solving to evolve and streamline processes by challenging existing approaches, introducing innovative solutions, and supporting change initiatives that improve efficiency, scalability, and user experience.
- Ensure data quality, integrity, and usability by performing data preparation, validation, and tool support activities across core systems and processes, enabling reliable downstream analysis.
- Support testing and implementation activities by performing functional testing (e.g., total compensation statements) to ensure accuracy and a strong user experience.
- Coordinate and deliver across multiple workstreams in a fast-paced environment, ensuring timelines are met, stakeholders are informed, and outputs meet high standards of quality and compliance.
What you need to succeed
You have the desire and drive to explore new technology in finding solutions for complex problems. You are a strategic thinker who questions the status quo and, when you face a system or process problem, you consider the impacts for other teams and stakeholders. You are a great team player who can communicate and work effectively with leaders and employees across all levels.
You’ll thrive in this role if you:
- Turn data into stories that help different audiences understand what matters and what to do next.
- Love solving complex problems using analytics, modelling, and AI tools to generate better decisions.
- Handle sensitive information with care while bringing sound judgment, initiative, and a solutions-focused mindset.
- Build strong partnerships with subject matter experts to create rigorous, reliable, and repeatable approaches.
- Navigate complexity with confidence, managing timelines, influencing others, and adapting quickly when priorities shift.
Assets
- Expertise with Power BI, DAX and Power Query
- Experience in Python, R, and/or SQL
- Experience with SAP SuccessFactors or an equivalent HR Information System
Your education and experience
Your combined education and work experience demonstrate that you have the competencies for the position and are effective at learning and applying new skills. Backgrounds in quantitative disciplines (e.g., data science, statistics, economics or related fields) combined with business or HR experience are considered an asset.
Innovative Mindset
We value candidates who demonstrate adaptability, curiosity, and a willingness to learn new technologies, including AI and digital tools. We seek individuals who can think critically about data, question existing processes, and find ways to simplify our work while embracing change and new ways of doing things.
Language requirement
The Bank’s work environment is conducive to the use of both of Canada’s official languages - English and French. Although the position language requirement is English or French essential, we do encourage everyone to improve their second language proficiency for future career growth and to contribute towards fostering a bilingual environment.
What you need to know
- Priority will be given to Canadian citizens and permanent residents
- Security level required: Be eligible to obtain Reliability
- Relocation assistance may be provided, if required
- Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.
Hybrid Work Model
The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a portion of each month as part of the Bank’s hybrid work model, and they are expected on site at the Bank location a minimum of 12 days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.
What you can expect from us
This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career. For more information on key benefits please visit A great deal to consider.
- Salaries are based on qualifications and experience and typically range from $94,195 to $110,820 (job grade 16)
- The Bank offers an incentive for successfully meeting expectations at 5 to 7% of your base salary. The Bank offers additional performance pay (3%) for those who exceed expectations. Exceptional performers who far exceed expectations may be eligible for higher performance pay.
- Flexible and comprehensive benefits so you can choose the level of health and dental coverage that meets your needs
- Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
- Option to join the indexed, defined-benefit pension plan after 24 consecutive months of service
We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.
