Yes Bank - Senior Compensation Specialist

Core Responsibilities:

- Manage major Compensation processes like the Bank's Annual Compensation Review and the preceding Wage Cost budgeting

- Partner with Consultants like Aon / Deloitte in their annual surveys to gather market intelligence and benchmarking data

- Design executive compensation structures and the associated LTI program. Track the roll out of instruments like ESOPs / RSUs

- Support in designing and iteration of Total Reward policy of the Bank in line with prudent risk management principles

- Liaise with Payroll and Finance teams to ensure that Compensation data related to MD&CEO / Board of Directors is correctly captured in statutory reports

- Strive for automation of compensation processes and reporting. Partner with HR System / Technology team to fully leverage the HRIS to meet system requirements

- Align the compensation process to contemporary market trends and enable it to be competitive with peer organizations

- Analyze Hiring compensation levels, Pay equity, Wage cost thresholds for gaps and discrepancies

- Draft responses for queries raised by Bank's Internal Audit/Compliance team as well as well as external regulatory bodies like RBI

- Train HR Business Partners and other HR central teams on compensation management programs and policy changes

- Prepare annual calendar of key actions for the Compensation team and ensure timely closure

Qualifications:

- Full time MBA HR from reputed institutes is a must

- 1-4 years of relevant work experience in analytical roles reputed organizations

- Proficiency in MS Office (Excel, Power point, Word) is a must

- Understanding of Advanced Excel or Power BI or Tableau

- Aware of trending compensation concepts

- Excellent written and verbal communication

- Adept at tactfully managing stakeholders and maintaining confidentiality

Location:

Santacruz East, Mumbai (5 days work from office)