Assistant Vice President - Compensation & Benefits - Bank

Compensation & Benefits - Assistant Vice President with an MNC Bank

Location - Mumbai

Compensation & Benefits:

- Provide strategic and operational support in designing, implementation, administration and communication of all compensation programs.

- Support in designing and iteration of compensation policies for all job families to ensure external competitiveness and internal equity, through research& benchmarking on comp policies and practices of leading Bank & Captive firms as well as internal data analysis.

- Monitor local regulations and work closely with HR Ops and Legal to ensure policies comply with local laws

- Support in driving compensation review program by participating in various external benchmarking exercises, market intelligence and in house guidelines

- Partner with HR BPs and TA to provide solutions for comp. and broader HR initiatives

- Support COE in liaising with business stakeholders to provide them recommendations in tackling difficult cases in the area of compensation & benefits.

Employee Relations:

- Support in designing and review of existing HR policies and processes to create a positive employee experience during the employee lifecycle

- Monitor local regulations and work closely with HR Ops and Legal to ensure policies comply with local laws

- Partner with HR BPs to provide interpretations and clarifications on policies and governance related matter pertaining to HR.

- Support in driving investigations and levy relevant consequences in case of any breach of policies.

Data Analytics & Audits:

- Support in analysing organization trends by working on various dashboards/reports to identify the trends and call out any potential HR risks that organization may be exposed to proactively

- Liaise with HR BPs to understand the pulse of the organization and accordingly present key trends, takeaways and recommended interventions.

- Support in various audits (in partnership with HR ops) to ensure our processes are compliant