Principal Adviser, Incentive Design

About the role

Rio Tinto is looking for a Principal Adviser, Incentive Design to shape how business performance and value creation are turned into short- and long-term rewards across the group. Reporting to the General Manager Reward Strategy and working across the Reward function, the role sits at the intersection of reward, business performance, finance and strategy. It is based in Brisbane, Perth or Montreal.

Key responsibilities

• Translate enterprise strategy and value drivers into short- and long-term incentive frameworks, scorecards, performance measures and targets.
• Lead the design and governance of short-term, long-term, retention, achievement and engagement award programs.
• Lead the design and calibration of performance measures, scorecards, targets and payout curves.
• Run financial modelling, scenario and sensitivity analysis to assess the cost, risk and value-creation implications of alternative designs.
• Establish incentive design standards, funding methodologies and governance principles, and evaluate whether programs deliver their intended outcomes.
• Communicate program design and results to leaders, HR and employees, and monitor in-flight incentives and report to Board committees.
• Keep up with market competitiveness, investor expectations and regulatory developments, and partner with Reward, Finance, Strategy, Legal, Risk and Compliance.

Required profile

• Experience designing incentive, performance or value creation frameworks.
• Strong commercial and financial acumen, and ability to model scenarios, trade-offs and risks.
• Ability to influence senior leaders and navigate decisions across Finance, Strategy, People, Risk, Legal and the business.
• Experience in reward, finance, business performance, strategy, commercial analytics or a related discipline.
• Helpful: supporting executive, Board or Remuneration Committee decisions; exposure to enterprise performance management or strategic scorecard design; global experience.

What we offer

• A permanent position with a competitive base salary and annual incentive program.
• Medical benefits including subsidised private health insurance, and company-provided insurance cover.
• Matching share ownership plan and salary sacrifice and packaging options.
• Career development, education assistance and family-friendly health and wellbeing support.
• Vacation, paid parental and sick leave, and employee discounts.