Senior Manager/AVP - Compensation & Benefits - Bank

The Role would be responsible for managing the Reward Agenda for assigned business vertical of the Bank.

Job Responsibilities include -

- Create job sizing framework for respective businesses. Actively organize sessions with the business heads to come to an agreement on job size

- Coaching HRBPs with respect to job sizing as and when required

- Responsible for salary offers and fitments for respective businesses

- Stakeholder Engagement : Responsible for setting up and having periodic calls with all key stakeholders i.e. HRBPs of respective verticals and have a deeper understanding of business realities and ensure alignment with the same

- To coach key stakeholders on Reward concepts and prudent decision making in the domain of compensation and benefits.

- Responsible for all Reward Analytics for the concerned verticals and provide visibility on key indicators like attrition, hires and exits, compensation benchmarks, etc. to stakeholders.

- Responsible for managing Performance Linked Pay plans of the concerned verticals and governance of the same

- Participate in market compensation and benefit surveys, interpret results and lead engagements with respect to job matching, market mapping and analyzing market positioning of every employee

- Recommend competitive reward practices for each business vertical

- Anchoring the performance management process from a C&B standpoint - as custodian of final ratings status

- Anchoring the annual salary review and promotions across the Bank pertaining to the respective business vertical

- Responsible for the annual bonus rollout of the Bank pertaining to respective business verticals

Responsible for gaining market intelligence pertaining to the following:

- Salary Trends among the peer group pertaining to the verticals

- Business structure for the peer group pertaining to the Verticals.

- Compensation practices in competitor organizations

- Analysis of hiring trends in the Verticals space from competitor organizations.