Assoc Spec, Rewards & Pmod

Description

Primary Objective:
To ensure smooth running of the group-wide compensation programs.
Key Responsibilities:
Review and evaluate retention recommendations

Understand the compensation mix (inclusive of all fixed & variable compensation) and market positioning for the different business/ support groups/ talent group and ensure that implementation of compensation exercises are within the Group’s philosophy

Verify data and validate formulas in the compensation summary sheet/ database during annual rewards exercise i.e. for annual increment, performance bonus, promotion

Determine the validity and competitiveness of the proposed grading and salary structure

Recommend the cash component for Senior Management remuneration package

Ensure the compensation policies/ procedures/ processes are updated when required

Develop strong relationship with HR colleagues in other financial institutions to facilitate in conducting informal compensation survey

Key coordinator in the annual/ ad-hoc rewards survey participation and liaise closely with the various consultants

Key checker for the monthly compensation updates to payroll and during key annual exercises

Liaison person during the annual budget exercise

Manage and review the Share Grant Scheme (SGS) allocation process
Requirements Requirements:
Bachelor Degree - Any field.
Minimum 4-5 years of experience in compensation management preferably in an established financial services institution
Advanced Microsoft Excel & strong analytical skills Planning, organizing and coordinating competencies Ability to communicate and articulate well with all levels Knowledge of HR system on compensation module Understanding of the statutory/ regulatory requirements Benefits
Dental, Education support, Miscellaneous allowance, Medical, Loans, Sports (e.g. Gym), Parking, Vision, Regular hours, Mondays - Fridays, Casual Business Wear, Performance Based Rewards