HR at Leading Financial Services Provider
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Senior Associate/Assistant Vice President - Human Resource - BFSI (7-12 yrs)
Role & Responsibilities:
Compensation and Benefits:
- Applying comprehensive functional knowledge of compensation and benefits and serving as a senior resource guiding less experienced team members
- Designing and reviewing the compensation and benefits strategies for the organization
- Managing the annual compensation and review process for all employees which includes, processing promotions, increments, and yearly bonus pay-outs
- Providing specialty reporting and data analysis as and when required by building excel models
- Staying abreast with market trends to ensure industry best compensation policies and procedures are implemented within the firm
- Conducting market analysis to carry out salary benchmarking through primary and secondary research
- Developing and reviewing the rewards and incentives program with senior management to ensure employee retention
- Continuously evolving, reviewing, and improving the performance appraisal process
- Managing the incubation team rewards and remuneration programs for new offices
- Managing conversation with prospective hires at pre and post-offer stage for salary negotiation, explanation of terms and conditions and documentation
Project Management:
- Managing HR specific projects end to end
- Creating and revising the HR programs and policies as and when required
- Developing a variety of HR specific training programs and courses for the HR department as well as for the company to improve efficiencies across the board
- Researching and preparing reports on HR trends by conducting research and staying abreast of current news and trends in the industry. Compiling and disseminating the reports in the most readable/accessible manner
Compliance and Governance:
- Managing the entire HR budget for the firm
- Managing the compliance activity within the department to ensure 100 % compliance with SOC2 standards
- To liaison with various department heads to manage other ad hoc projects
- Reviewing, updating, and revising company hiring practices, and other human resources policies to ensure compliance with all local and state regulations
Prerequisites:
- Strong business and HR acumen, including strong problem-solving skills, and critical thinking
- Strong analytical ability
- Creative and having an eye for details
- Team Management
- Good time management and multi-tasking skills
- Excellent communication and presentation skills
- Great interpersonal skills
- Knowledge of the latest trends and industry best practices
- Command over MS Office tools like Excel, Word, PowerPoint, and Outlook with a strong emphasis on Excel
- Knowledge of statutory requirements specific to compensation and benefits is a plus
Education:
Any Graduate, MBA in HR preferred
Work Experience:
7-12 years of work experience
Compensation:
Commensurate with industry standards
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