Manager/AVP - Compensation & Benefits - Investment Bank

Opportunity for Manager / Assistant Vice President - Compensation & Benefits Specialist with one of the leading investment bank in the world.

Location: Mumbai (Only Mumbai based candidates will be considered)

Responsibilities :

COMPENSATION & BENEFITS :

- Ensure necessary documentation / reporting and provide inputs where required for internal and or external benchmarking etc.

- Ensure competitiveness of compensation and benefits practices within benchmarked industries, by regular review of total rewards survey insights. Proactively review and recommend improvements to rewards and benefits plans, based on market benchmarks and internal group reward philosophies & objectives

- Manage and drive the annual Compensation Review Process

- Lead and support change efforts related to C&B programs, ensure clear communication message delivered to all key stakeholders

- Manage analytics and preparation of reports for regular review

- Manage in reporting to various internal /external stakeholders with due data privacy controls and ensure compliance to local laws/regulations and adherence to reporting schedules

- Support needs for Data for internal or group related analysis

BUDGETS :

- Support in preparing for the annual HR budget

- Liaison with requisite team members to ensure adequate inputs/rationale

- Track, monitor and regularly report actual/vs budgets and highlight any trends at the agreed frequency

COORDINATION WITHIN HR :

- Contribute to the flow of information within HR (bottom up and lateral)

- Collaborate with HRBPs and drive the annual compensation benchmarking process

- Liaise with Recruitment and review salary grid for Fresher/Graduate

- Liaise with HR Operations & Payroll for change in compensation during the year

- Coordinate with L&D team to deliver on specific programs or activities as required

- Work in close collaboration with HR teams within the India Territory on harmonization of C&B approach, policies and components

HR PROJECTS :

- Initiates or delivers on delegated HR Projects as required

- Recommend and drive automations and efficiencies to run the portfolio better