Manager/Senior Manager - Compensation/Benefits - Global Investment Banking

Description:

- Job Title: Senior Manager Compensation & Benefits

- Location: Hyderabad

- Department: Human Resources

- Industry: Global Investment Banking

- Experience: 1015 years in Compensation & Benefits (C&B) within BFSI

Job Summary:

The Senior Manager Compensation & Benefits will lead the design, implementation, and governance of compensation, rewards, and benefits programs for India operations of a global investment banking firm. This role will partner closely with global HR teams, business leaders, and regional compensation teams to ensure competitive, compliant, and market-aligned C&B practices that attract, motivate, and retain top talent.

Key Responsibilities:

Compensation Strategy & Operations:

- Lead annual compensation cycles including budgeting, salary reviews, bonus planning, and incentive programs.

- Partner with global C&B counterparts to align India compensation practices with global frameworks.

- Conduct detailed compensation benchmarking, market analysis, and pay competitiveness assessments.

- Manage and enhance compensation structures, job leveling, and internal equity frameworks for India.

Benefits & Rewards Management:

- Oversee employee benefits programs including health insurance, wellness programs, retirement benefits, and other perks.

- Evaluate and optimize benefit offerings to ensure market competitiveness and cost efficiency.

- Manage vendor relationships for benefits administration and ensure service excellence.

- MBA in HR / Masters in Human Resources .

- 10-15 years of experience in Compensation & Benefits, preferably in Investment Banking, BFSI, or global MNCs.

- Strong analytical skills with advanced proficiency in Excel and HR analytics tools.

- Excellent knowledge of Indian labor laws, taxation, and compensation best practices.

- Experience with global compensation cycles and HR systems (Workday, SAP SuccessFactors, etc.).

- Strong stakeholder management, communication, and influencing skills.

- Ability to work in a fast-paced, matrixed global environment.