Head – Performance, Rewards & Benefits

April 4, 2024
$45000 - $50000 / month

Job Overview

  • Date Posted
    April 4, 2024
  • City
  • Offered Salary
    $45000 - $50000 / month
  • Expiration date
    April 11, 2030
  • Experience
    Fresh
  • Gender
    Both
  • Qualification
    Bachelor Degree
  • Career Level
    Executive

Job Description

Full job description

 

Job: Human Resources
Primary Location: Africa & Middle East-Pakistan-Karachi
Schedule: Full-time
Employee Status: Permanent
Posting Date: 01/Nov/2023, 5:42:34 AM
Unposting Date: Ongoing


Strategy

· Provide expertise in all Performance, Reward & Benefits (“PRB”) issues, acting as a trusted reward adviser to relevant Country Management Team (“MT”) members and their direct teams.

  • Provide support on the execution of reward advisor matters and the execution of relevant policies, standards and practices.

Business

· Work with the Head, PRB, Africa & Middle East (“AME”) to provide day to day reward support for Pakistan, including structuring packages, reviewing new hires, changes to existing employees’ contracts, developing High Remuneration Recruit proposals, mobility taxation, buy-outs of variable remuneration and the planning and completion of the annual performance and pay review.

  • Establish and maintain relationships with key stakeholders in Pakistan (such as Head of HR, HR Business Partners, HR Specialist Delivery, Country CEO, Country CFO and Country MT) to lead the local market reward agenda and to ensure that remuneration activities within Pakistan are aligned with Group policies and standards and that activities are consistent across functional business areas.
  • Maintain an up to date understanding of local regulatory requirements. Ensure that all reward related policies, standards and practices in Pakistan are compliant with local requirements, reflect best practice and are aligned with the current and future Group HR and business strategy. Be prepared to support region wide communications and answer questions from the business.
  • Proactively support the communication of changes to the Group’s remuneration policy and standard to HR stakeholders.
  • Evaluate the competitiveness and effectiveness of Standard Chartered’s remuneration policy and practices within Pakistan and feedback into the PRB network.

Processes

· Collaborate with PRB Product Heads to achieve excellence in the implementation of PRB products and policies across businesses, seeking to improve understanding of these in order to drive business performance and employee motivation.

  • In collaboration with other members of the team, manage the year-end performance and pay review processes for the AME region, in line with Group guidelines and acting as a point of contact for Country MT members. Specifically:

o Lead discussions with the business teams in relation to year-end messaging.

o Coordinate all relevant business communication including key year-end messages.

o Manage other annual remuneration processes including budgeting and forecasting.

  • Partner with Country HR Specialist Delivery in the negotiation and recommendation of Service Level Agreements through the region with the Bank’s external reward and benefits vendors (e.g. remuneration survey vendors, benefits consultants, insurance providers) to secure service and agree budgets.
  • Manage, evaluate and improve effectiveness of all HR products, plans and processes.
  • Identify opportunities to improve efficiency of PRB by technology enhancements, migration to Global People Services or process improvements.

People and Talent

· Establish and maintain relationships with key stakeholders (at Group, Regional and country level) to ensure their engagement and sponsorship of the Bank’s reward philosophy

  • Provide support to employ, engage and retain high quality people.
  • Support, upskill and train PRB Advisory Support colleagues.

Risk Management

· In respect of the Group’s Risk Management Framework, ensure a full understanding of the risk and control environment in area of responsibility. Identify and articulate forward looking risks for the region. Articulate and manage them through designated PRB risk registers and HR Operational Risk Committee. Ensure all geographical specific Operational Risk and Compliance requirements related to PRB advisory are met.

  • Support statutory and internal audits, as appropriate.

Governance

· Responsible for assessing the effectiveness of the Group’s controls to deliver effective reward governance in Pakistan and, if necessary, oversee changes in those areas

  • Awareness and understanding of the regulatory framework in which the Group operates and local regulatory requirements
  • Willingness to work with any local regulators in an open and cooperative manner
  • Capability to challenge fellow executives effectively
  • Work with the Country FLIP Forum Secretary to ensure appropriate governance and control of FLIP pay-outs in Pakistan as per the Group FLIP guidelines.

Regulatory & Business Conduct

· Display exemplary conduct and live by the Group’s valued behaviours and Code of Conduct.

  • Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

· Works closely with colleagues in HR, Global People Services and the business to ensure Group, regional and country requirements are delivered

Other Responsibilities

· Embed Here for good and the Group’s valued behaviours in Group HR.

  • Perform other responsibilities assigned under Group, country, business or functional policies and standards.