Compensation Specialist

4 days ago


Mumbai India YES BANK Full time

Job Description 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 - MBA HR from reputed institutes will be preferred - 3-5 years of relevant work experience in compensation management role in large organizations, preferably from Banking - Proficient in MS Office (Excel, Power point, Word) - 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



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