Standard Chartered Hiring for Performance, Reward and Benefit Specialist , AME Job at Dubai Full Time

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 Africa, 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 Africa (such as Country HR Heads, HR business partners and Country MT) in order to lead the local market reward agenda and to ensure that remuneration activities within Africa are aligned with Group policies and standards and that activities are consistent across regional and functional business areas.
• Maintain an up to date understanding of local regulatory requirements. Ensure that all reward related policies, standards and practices in countries 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 Africa 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:
  • Lead discussions with the business teams in relation to the Group P3 messaging.
  • Coordinate all relevant business communication including P3 key messages.
  • Manage other annual remuneration processes including budgeting and forecasting.
• Partner with Country Service 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.
• Collaborate with all PRB specialists on market pricing to increase the level of consistency across markets, reduce vendor costs and generally ensure data is used in an impactful manner.
• 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) in order to ensure their engagement and sponsorship of the Bank’s reward philosophy, meet regional and business specific product needs, and to provide support across the regions.
• Support, upskill and train PRB SD and PRB Advisory 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 countries and businesses 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

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 Business Services and the business to ensure Group and regional 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.

• Bachelor degree or higher
• Although not mandatory, GRP/CCP/CIPD will be an advantage
• Professional qualification also useful (e.g. tax (ATT or CTA), corporate secretarial (ICSA/ACIS), accountancy, legal)