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Rayhan Malik

Independent Electricity System Operator/Senior Advisor Enterprise Risk and Performance / Conseiller principal – Risque et rendement organisationnels

2025 Salary

$166,028

Total compensation $166,364, including $336 in taxable benefits.

Source: Ontario’s Public Sector Salary Disclosure — names paid $100,000 or more that year. How we build this · Report an error on this page

At a Glance
2025

Employer Rank

#383

Independent Electricity System Operator

Years on List

15

2011–2025

Peak Salary

$166,028

2025

Full 2025 roster at Independent Electricity System Operator·See where $166,028 ranks →

Total Compensation History

Total compensation by yearLine chart of 15 yearly values of total compensation, from $103,361 in 2011 to $166,364 in 2025.$100K$120K$140K$160K$180K201120142017201920222025
Total compensation, 2011–2025. Axis starts at $100,000, the Sunshine List disclosure threshold.

Full History
20112025

$102,890 in 2011 is worth about $140,906 in 2025 dollars.

Full salary history, by year
YearPositionSalary
2025Senior Advisor Enterprise Risk and Performance / Conseiller principal – Risque et rendement organisationnelsIndependent Electricity System Operator$166,028
2024Senior Advisor Enterprise Risk and Performance / Conseiller principal - Risque et rendement organisationnelsIndependent Electricity System Operator$160,156
2023Senior Advisor Enterprise Risk and Performance / Conseiller principal – Risque et rendement organisationnelsIndependent Electricity System Operator / Opérateur indépendant de réseau d'électricité$159,984
2022Senior Market Rules Advisor / Conseiller principal – Règles du marchéIndependent Electricity System Operator$146,707
2021Senior Advisor Enterprise Risk and Performance / Conseiller principal - Risque et rendement organisationnelsIndependent Electricity System Operator$145,309
2020Senior Advisor Enterprise Risk and Performance / Conseiller principal – Risque et rendement organisationnelsIndependent Electricity System Operator$141,730
2019Senior Advisor Enterprise Risk and Performance / Conseiller principal – Risque et rendement organisationnelsIndependent Electricity System Operator$136,433
2018Advisor Risk and Corporate Performnce / Conseiller en risques et performance organisationnelleIndependent Electricity System Operator$127,801
2017Advisor Risk and Corporate Performnce / Conseiller en risques et performance organisationnelleIndependent Electricity System Operator / Opérateur Indépendant De Réseau D'Électricité$125,283
2016Business Strategist / Stratège d’entrepriseIndependent Electricity System Operator$124,546
2015Business Strategist / Stratège d’entrepriseIndependent Electricity System Operator$123,857
2014Business Strategist / Stratège d’entrepriseIndependent Electricity System Operator$119,515
2013Business StrategistIndependent Electricity System Operator$100,032
2012Business StrategistIndependent Electricity System Operator$105,894
2011Business StrategistIndependent Electricity System Operator$102,890

Take-Home Pay
(After Tax) · 2025 estimate

Of the $166,028 Rayhan Malik earned in 2025, roughly $112,706 would remain after income tax, CPP and EI, an all-in deduction rate of about 32.1%. That is about 4% more than the $160,156 paid in 2024. Rayhan Malik has appeared on the list 15 times since 2011. After pension contributions (probably PSPP or OPTrust in this sector), take-home is usually a further 7–10% lower.

Estimated net pay
~$112,706
Effective income-tax rate (excl. CPP/EI)
~28.8%
CPP + EI contributions
~$5,507
All-in deduction rate (incl. CPP/EI)
~32.1%

Where does $166,028 rank on the Sunshine List? →

Estimate only: 2025 federal and Ontario rates, basic personal amounts, Canada employment amount and CPP/EI credits; single, employment income only, salary treated as full-year income. Ignores pension contributions (OMERS, HOOPP, OTPP, OPTrust and similar plans lower actual take-home), union dues, RRSPs and benefits.

Also at Independent Electricity System Operator
2025

#1Lesley Gallinger
$708,974
President and Chief Executive Officer / Président et chef de la direction
#2Charles Farmer
$428,403
Executive Vice President, Power System Development / Vice-président(e) directeur(rice) – Développement des systèmes électriques
#3Kamaljit Sohi
$426,753
Executive Vice President and Chief Operating Officer, Markets and Reliability / Chef(fe) de l’exploitation et Vice-président(e) directeur(rice) – Marchés et fiabilité
#4Carla Nell
$412,660
Executive Vice President, Corporate Relations, Engagement and Strategy / Vice-président(e) directeur(rice) – Relations de l’entreprise, engagement et stratégie
#5Alex Foord
$403,103
Executive Vice-President, Information and Technology Services and Chief Information Officer / Vice-président(e) directeur(rice) – Services d’information et de technologie et Dirigeant(e) principal(e) de l’information
#6Michael Lyle
$388,437
Executive Vice President, Legal Resources and Corporate Governance / Vice-président(e) directeur(rice) – Ressources juridiques et gouvernance d’entreprise
#7Ernest Chui
$326,815
Vice President and Chief Financial Officer, Corporate Services / Vice-président(e) et Directeur(rice) financier(ère) – Services d’entreprise
#8Michael Boll
$315,154
Senior Director, Legal Resources and Corporate Secretary / Directeur(rice) principal(e) – Ressources juridiques et Secrétaire général(e)
#9Glenn Mcdonald
$311,199
Vice President Market Assessment and Compliance / Vice-président – Évaluation des marchés et conformité
#10David Short
$304,430
Senior Director Enabling Resources Program Delivery / Directeur principal – Exécution des programmes de ressources d'habilitation
View all 1,002 employees at Independent Electricity System Operator (2025) →