Prb Specialist

4 weeks ago


Chennai Tamil Nadu, India Standard Chartered Full time

Job Summary Strategy understanding of the Group s HR Reward strategy and model appropriate to the role Business Work with the Head Regional Business PRB to provide day to day Performance and reward support including preparation of offers bid-backs internal moves and the planning and completion of the annual P3 review Provide Reward advice and solutions to assigned HR and Business stakeholders on a range of employee compensation and benefit areas which may include banding generic pay philosophies and pay positioning approach to reward for internationally mobile employees redundancy and total compensation To ensure that all reward activities are aligned with Group policies and standards and that activities are consistent across the region Understanding of regulatory remuneration guidelines of the region and how these may impact the internal policies and support the PRB Advisory Head with managing responses to regulatory queries issues on reward related topics within the region Proactively communicating the Group compensation policies and standards changes to HR stakeholders Contribute to the design of any Structured incentive plans and modelling implementation and assurance activities in the country and region Contribute to the wider PRB agenda and building a network of contacts across the Group Improve business and HR s understanding of reward and how reward programmes can be effectively and appropriately used to drive business performance and motivate employees Key Responsibilities Processes Support successful delivery of YER Review in partnership with the Country teams in line with Group process timeline and principles Drive further awareness of risk control and conduct matters with the Country teams to help improve line manager understanding of the linkage between breaches issues with P3 outcomes Lead discussions with the Regional HR and Business teams in relation to the Group P3 messaging Manage other annual compensation processes including budgeting and forecastin 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 Act to minimise operational loss and audit failures and take proactive measures to respond to matters arising and identify and manage forward looking risks Support statutory and internal audits as appropriate Governance Awareness and understanding of the regulatory framework in which the Group operates and the regulatory requirements and expectations relevant to the role Regulatory Business Conduct Display exemplary conduct and live by the Group s Values 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 Key stakeholders Regional PRB Head Head of HRs TA P3 Operations team Reward Governance team Qualifications Skillset - Data analysis and reporting Especially compensation benchmarking data modelling etc - HR background - Strong Analytical and Business skills eg understand the reward strategy and align to this and interpreting the large datasets to write insights inference - Strong communication skills as this role involve most senior reward leaders as well as the Business MT - HR Degree or MBA- HR or equivalent qualification - Certified reward professional About Standard Chartered We re an international bank nimble enough to act big enough for impact For more than 170 years we ve worked to make a positive difference for our clients communities and each other We question the status quo love a challenge and enjoy finding new opportunities to grow and do better than before If you re looking for a career with purpose and you want to work for a bank making a difference we want to hear from you You can count on us to celebrate your unique talents and we can t wait to see the talents you can bring us Our purpose to drive commerce and prosperity through our unique diversity together with our brand promise to be here for good are achieved by how we each live our valued behaviours When you work with us you ll see how we value difference and advocate inclusion Together we Do the right thing and are assertive challenge one another and live with integrity while putting the client at the heart of what we do Never settle continuously striving to improve and innovate keeping things simple and learning from doing well and not so well Are better together we can be ourselves be inclusive see more good in others and work collectively to build for the long term What we offer In line with our Fair Pay Charter we offer a competitive salary and benefits to support your mental physical financial and social wellbeing Core bank funding for retirement savings medical and life insurance with flexible and voluntary benefits available in some locations Time-off including annual leave parental maternity 20 weeks sabbatical 12 months maximum and volunteering leave 3 days along with minimum global standards for annual and public holiday which is combined to 30 days minimum Flexible working options based around home and office locations with flexible working patterns Proactive wellbeing support through Unmind a market-leading digital wellbeing platform development courses for resilience and other human skills global Employee Assistance Programme sick leave mental health first-aiders and all sorts of self-help toolkits A continuous learning culture to support your growth with opportunities to reskill and upskill and access to physical virtual and digital learning Being part of an inclusive and values driven organisation one that embraces and celebrates our unique diversity across our teams business functions and geographies - everyone feels respected and can realise their full potential 33302


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