Lead - Compensation & Benefits - Financial Services Firm

We have an opening for Lead Compensation and Benefits - Total Rewards with a Financial Services Company.

Looking for people for Tier 1 / Tier 2 Colleges.

Location: Mumbai

To head our Total Rewards vertical, which includes C&B, Performance, and Policy Governance, we are seeking an HR specialist with strategic and analytical skills.

The ideal applicant will be in charge of creating and carrying out a thorough Total Rewards strategy, competitive pay plans, benefits packages, and incentive schemes that complement the objectives of the bank, legal requirements, and industry standards.

The incumbent will also be in charge of overseeing the Bank's complete policy framework and making sure it complies with all applicable regulations.

Finally, the incumbent will be in charge of overseeing the Bank's Performance Review procedure, which includes data management, process administration, and MIS reporting.

Responsibilities:

- Compensation Strategy

- Performance Management

- Policy Framework and Governance

- Manpower Planning, Analytics & Reporting

- Stakeholder Management

Skills:

- A track record of success as a C&B specialist in a fast-paced, dynamic Fintech/BFS company

- Comprehensive understanding of C&B principles and procedures, in addition to familiarity with other HR domains

- Proficiency in employment analysis and evaluation systems.

- Strong knowledge of RBI standards, regulatory frameworks, etc.

- Understanding of ESOP structure and executive compensation

- Knowledge of different benefits plans, vendor assessments, industry best practices, etc.

- Excellent Excel skills and a strong understanding of other MS Suite components

- Proficient in using HR software, compensation tools, and compensation modelling, among other things.

- Strong analytical abilities, numerical aptitude, meticulousness, etc.