Compensation Role - Bank

Job Description

This incumbent will be part of the Compensation team, reporting to Vertical Head Compensation.

S/he will be responsible for activities pertaining to Compensation, viz. Comp. Benchmarking, Executive Compensation, Designing of pay structure, Policy formulation, Incentive programs and other compensation interventions etc. They may be additional or shared responsibilities pertaining to Annual Performance Appraisal, R&R, Budgeting (Manpower/ Cost) etc.

Detailed Job Description:

1. To be part of compensation management exercise

2. To plan compensation interventions including fixed pay, variable pay, ESOPs, LTIs etc.

3. To implement the compensation strategy and liaison with various stakeholders viz. Ops/ Payroll/ Reporting

4. To undertake/ be part of comp. benchmarking exercise with industry standard vendor partners

5. To Exercise control to ensure all processes are well defined and adhered to; for optimum compliance

6. Must be able to work with the stakeholders

Knowledge & skills:

- Should have 7-12 Years of experience

- Worked with organization(s) operating at scale

- Preferably from BFSI domain

- Good exposure of Comp. management, Executive compensation, Compensation benchmarking, Reward structure, Salary Grid with at least 2-3 year-end appraisal cycles

- Designed compensation structure, first hand

- Deep understanding of compensation philosophy, pay-mix, Performance Bonus, ESOPs etc.

- Proficient in MS-Excel

- Must be willing to work at Mumbai