Assistant Vice President, Advisor Compensation

Job Description:

Division: IGM Human Resources

Its activities are carried out principally through IG Wealth Management and Mackenzie Investments.

Under IGM Financial’s unique business model based on leading brands and multi-channel distribution strategy is Mackenzie Investments, founded in 1967. Mackenzie Investments is a holistic asset-management partner for thousands of Canadian financial advisors and the investors they support.

At Mackenzie Investments You Can Build Your Career with Confidence.

We are proud to be recognized as one of Canada’s Top Employers by Mediacorp Canada Inc. for empowering our employees with the tools to thrive while working remotely, while also providing resources to ensure physical and mental wellness were put front and centre.

We are dedicated to offering a hybrid work environment when applicable.

Mackenzie Investments is a diverse workplace committed to doing business inclusively - this starts with having a representative workforce! We encourage applications from all qualified candidates that represent the diversity present across Canada – including racialized persons, women, Indigenous persons, persons with disabilities, 2SLGBTQIA+ community, gender diverse and neurodiverse individuals, as well as all who may contribute to the further diversification of ideas.

The Role:

The purpose of this critical role is to provide strategic, analytical, and operational support for the continuous improvement of IG’s financial advisor compensation model. As IG continues to evolve, it is essential that the firm’s compensation model aligns with its overarching objectives and enables its strategy.

A successful candidate will directly influence the motivation and performance of IG’s financial advisors, driving both individual and firm-wide success. This position is integral to enhancing our firm's profitability and growth trajectory, as well as attracting and retaining top talent as IG and the wealth management industry continue to evolve.

Additionally, the candidate should be familiar with, or able to quickly understand, the regulatory considerations inherent to compensation for financial advisors.

To be successful, a candidate must have the ability to communicate complex changes clearly to many stakeholders while understanding their interests.

Key Responsibilities:

• Compensation model design: You will be responsible for working with the VP, Advisor Compensation to ensure IG’s advisor compensation model economically aligns the firm and its advisors, subject to regulatory constraints and informed by industry norms to ensure competitiveness
• Continuous compensation model refinement: You will work with the VP, Advisor Compensation to continuously improve the compensation model alongside IG’s evolution and industry changes
• Financial analysis: You will be responsible for building, owning, and maintaining financial models incorporating advisor compensation into the firm’s performance against a wide range of financial and operational measures, working in partnership with the finance team to integrate these analyses into the broader financial planning process
• Compensation monitoring & reporting: you will perform regular reviews and analysis of actual and projected compensation, both for ongoing monitoring and to support the annual planning process

• Leadership communication: you will communicate with leaders across IG and related areas through both written materials and live presentations tailored to an executive audience
• Operational communication: you will work with peers across the organization to communicate change, solicit feedback, and understand the broader implications of any changes for areas including operations, technology, compliance, finance, and risk
• Advisor communication: you will assist in communicating compensation design, programs, and policies to advisors

• Project management (continuous improvement): you will shepherd the continuous improvement of IG’s compensation system with an integrated perspective across all operations, technology, and other areas
• Executive Compensation Committee: you will coordinate the Executive Compensation Committee meetings and help drive successful implementation of decisions through partnership with technology and operational partners

The following qualifications are required of the successful candidate:

• University degree in a discipline with a material quantitative component (e.g. business administration or related disciplines, economics, statistics, mathematics, etc.)
• Minimum 8+ years of progressive experience in roles involving business strategy and financial and operational modeling (e.g. management consulting, investment banking, corporate strategy, corporate development, etc.)
• Excellent analytical and problem-solving ability, sound judgment, independent and creative thinking with an eye for detail and accuracy
• Demonstrated project management skills, including cross functional projects and various stakeholders
• The ability to produce high quality work under time pressure and to work as part of a team
• Specific experience in creating, owning and maintaining both financial and operating models
• Specific experience in preparing materials for and presenting to an executive-level audience
• Bilingualism is preferred, but not required

Please visit our career page by clicking on the following link: https://www.mackenzieinvestments.com/en/careers

We thank all applicants for their interest in Mackenzie Investments; however, only those candidates selected for an interview will be contacted.

Mackenzie Investments is an accessible employer committed to providing a barrier free recruitment experience. If you require an accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.

Please apply by November 7, 2024.

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