UK Payroll

3 weeks ago

hyderabad, India State Street Full time

Why this role is important to us:

This position requires a payroll and HR operations professional with technical and business process skills, and the ability to interact at all levels of the organization. A requirement to demonstrate a flexible approach and ability to work under strict deadlines is essential.

What we value

Successful Candidates will:

Continually execute the Payroll and HR Strategy to ensure alignment to corporate and HR goals Ensure maintenance of technical knowledge and act in an advisory and strategic role when looking at legislative changes and trends to assess and impact future strategy Continue the evolution of the HR operating model with an emphasis on service delivery through a globally consistent, scalable support model and enhanced self-sufficiency Research best practices, evaluating “as is” processes and redesigning them to achieve better efficiency, effectiveness and control compliance Provide effective Governance and Management of processes to identify and manage risk under a focus of risk excellence Deliver payroll and HR administration activities including the coordinating related activities and providing Tier 3 customer support for such HR services. As part of a team, act as a contact for all payroll and employment tax audit activities such as liaison with internal and external auditors to assist with understanding the key processes, providing evidence of key controls Execute related HR administration activity to support other HR areas whilst maintaining strong working relationships With support, ensure correct statutory and payroll treatment of inbound and outbound assignees and short-term business visitors via liaison with Global Mobility & external tax consultant. Ensure a focus on maintaining data privacy in line with global and local requirements across State Street Pro-actively deliver against a robust and effective control framework across our international payroll operation, including complex areas such as;Global mobility and assigneesExecutive compensation schemesBenefit programsEmployment taxation and reporting Achieve an improved understanding of client requirements and opinions locally to enable informed suggestions and decisions  Ensure adoption of compliance initiatives Ensure the vendor management framework is followed whilst supporting all due diligence and relationship management Support the continued development of a comprehensive vendor management program with an emphasis on risk mitigation policies and practices Mitigate risk by ensuring production of well documented end to end operating processes, inclusive of vendor touch points Demonstrate the ‘Risk Excellence’ culture in your behavior Ensure effective participation in all global/regional calls and one2ones Ensure that you make reasonable decisions by exercising reasonable care when considering information available to you. This includes taking proactive action to ensure that the information you have is suitable and adequate. Ensure effective stakeholder and project management programs are supported around all GHR Shared Service activity Effectively communicate and collaboration with all leadership levels as a key partner Ensure regular communication with in-country Payroll leads to support the process Develop and build strong partnerships across key areas such as HR and Finance. Provide effective operating Cost management Be mindful and manage variable resource costs such as overtime As part of a team, support and track vendor costs and invoices to ensure expense is managed. 5-7 years of relevant experience in UK Payroll is must Good understanding of UK Taxation and legislation policies

About State Street :

What we do .

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow .

We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility.

We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you

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