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Payroll Manager

Employer
Bank of Canada
Location
Ottawa (City), Ontario
Salary
$86,800 to $113,900
Closing date
Feb 9, 2022

View more

Sector
Banking
Function
Payroll
Job Level
Manager
Employment Type
Permanent
Hours
Full time
Designations Required/Preferred
None

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 a diverse and inclusive organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in an environment where we are reinventing central banking, renewing ways of doing business and reinforcing a culture of innovation.

 

Find out more about the next steps in our Recruitment process

 

By joining our HR team 
You are committed to being adaptable and flexible, willing to tackle opportunities and challenges with a positive attitude.  You are passionate, results driven, and a creative thinker. You work collaboratively with colleagues and clients to take action and focus on solutions within your field of expertise. You are also willing to contribute ideas and share your perspective in other areas, and you seek to continuously broaden your knowledge and experience to increase your overall contribution. 

 

Through our inclusive and multi-disciplinary environment, we are committed to providing a stimulating work experience where we will support your development as an HR professional, in part by asking you to contribute to a variety of projects and initiatives.
 
What you will do 
As part of the Human Resources Department and one of the Bank’s critical operations, the Payroll team is responsible for ensuring Bank employees (2,000+) and pensioners (1,800+) are paid on time and accurately. As the Payroll Manager, you will lead and be responsible for our payroll functions, ensuring pay is processed on time, accurately, and in compliance with legislated requirements and internal policies. As our subject matter expert, you will advise Senior Management on payroll related matters including domestic and international income taxes. 

 

You will stay abreast off the latest payroll standard methodologies, technology and compliance requirements, and ensure that payroll systems and processes are compliant, current and efficient. You will be responsible for the successful planning and implementation of process and system changes or continuous improvement projects, and for the design and performance of risk control activities to ensure the resilience, accuracy, quality and compliance of the payroll function.

 

As a member of HR's Extended Leadership Team, you will contribute to building an engaging work environment for HR employees and lead a team of client-focused payroll specialists. You will enable your team’s success, and that of HR, by setting clear strategic goals and objectives for employees, support their professional development, manage their performance and enable them to optimize their contributions. 

 

You will:

  • oversee month-end, quarterly processes/reconciliations and year-end activities, including balancing payroll registers, pension payments and contributions required by Financial Services, and ensuring remittances are paid in accordance with processing schedules 
  • create and maintain effective business relationships with internal Bank partners including Audit, Financial Services, HR business lines, Legal Services, and with external partners such as tax authorities, federal and provincial agencies, financial institutions, associations) to ensure delivery of services
  • ensure excellent customer service, and resolve complex and sentive cases
  • create and maintain metrics and operational payroll data/analytics to optimize decision making and efficient operations
  • ensure quality of processes and procedures and implement updates and continuous improvements to payroll processing software, systems and procedures
  • proactively identify risks and opportunities and implement revisions to accommodate changing business conditions for improved performance
  • be responsible for the development, maintenance and implementation of the Payroll Continuity of Operations Plan

 

What you need to succeed

  • strong leadership skills
  • strong written and oral communication skills 
  • excellent technical and analytical skills, including advanced MS Excel knowledge and SAP Payroll
  • in-depth knowledge of:
    • payroll administration including preparation, balancing, internal controls, payroll taxes and year-end activities
    • regulatory and legislative requirements related to national and provincial payroll, pension and benefits, and tax regulations including the Canada Labour Code, Canadian tax regulations, Pension and Benefits Standards Acts

 

Nice-to-have 
Knowledge of:

  • international taxes related to global mobility/relocation 
  • Pension and Benefits including taxes and regulations


Your education and experience
This position requires:

  • a Bachelor’s degree in Accounting, Business Administration, Human Resources or a related field
  • Canadian Payroll Manager (CPM) Certification 
  • 5-7 years of related payroll experience 
  • 3-5 years of experience leading a team and using SAP payroll or another ERP system

An equivalent combination of education and experience may be considered.

 

What you need to know

  • Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Reliability 
  • Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.
  • In response to the COVID-19 pandemic and further to public health guidelines, preventative measures are being taken to ensure health and safety during the recruitment process. All interviews are conducted virtually.  

 

Hybrid Work Model 

The Bank is moving towards a hybrid working model which allows employees to telework up to 50 percent of the time, balanced over a two-week period. Relocation assistance may be offered by the Bank.

 

Vaccination: In response to the COVID-19 pandemic that was declared by the World Health Organization, the mandates issued by the federal government, and the direction provided by public health authorities, the Bank of Canada requires all new employees to be fully vaccinated prior to their start date.  If you are the selected candidate, you will be asked to first attest your vaccination status at the reference stage and will then be required to submit proof of vaccination status or request accommodation for a legitimate medical, religious reason or other human rights-based grounds at the offer stage as part of the offer process.

 

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.

 

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 $86,800 to $113,900 (job grade 17)
  • Depending on performance, you may be eligible for performance pay for successfully meeting (7 to 10% of your base salary) or for exceeding expectations (15% of your base salary). 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, dental disability and life and/or accident insurance coverage that meets your needs
  • Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
  • Indexed, defined-benefit pension

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