Job Summary
· This role partners with leaders in Corporate & Investment Banking (“CIB”) to deliver performance, reward and benefits outcomes that incentivise and reward the delivery of the CIB strategy and create a performance orientated and innovative culture that emphasises conduct and sustainability.
· The role holder will provide a point of expertise, guidance and support for relevant Business and HR stakeholders.
Strategy
· Demonstrate expertise in performance, reward and benefits (“PRB”) matters, acting as a trusted adviser to relevant CIB Banking & Coverage Management Team members and their direct teams on incentive arrangements and general reward matters.
· Participate in the development and review of PRB products. Lead communications and implementation within CIB Banking & Coverage using employee insights.
· Oversee the development of fair pay and wellbeing strategies and targeted interventions for CIB Banking & Coverage.
· Monitor the performance and effectiveness of reward policies, programmes and processes in achieving business objectives.
· Identify challenges and opportunities and form agile multi-disciplinary teams to resolve issues.
· Contribute to thought leadership on how to design and implement performance, reward and benefits for the workforce of the future.
Business
· Establish relationships with key business stakeholders, enabling the identification and understanding of business objectives.
· Advise on CIB Banking & Coverage compensation matters, including structuring packages, reviewing new hires, changes to existing employees’ contracts, developing high remuneration recruit proposals, mobility taxation and share buy-outs.
· Contribute to governance bodies and manage any dedicated oversight bodies
Processes
· Collaborate with PRB product and process teams to achieve excellence in the implementation of PRB products and policies across countries, seeking to improve understanding to drive business performance and employee motivation.
· Manage performance and pay review processes in line with the global principles, acting as a point of contact for respective management teams. This includes determining leadership messaging, reviewing pay proposals and managing annual compensation processes including funding, budgeting and forecasting.
· Collaborate with 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.
· Manage, evaluate and improve effectiveness of all HR products, plans and processes.
· Identify opportunities to improve efficiency through technology enhancements, migration or process improvements.
· Participate in compensation and benefit market surveys, analyse results and make appropriate recommendations to maintain market competitiveness.
· Review the impact of risk, control and conduct matters on performance and pay decisions in CIB Banking & Coverage.
People & Talent
· Coach PRB colleagues, motivating and developing them to achieve high standards of performance.
Risk Management
· Identify and articulate forward looking risks in PRB products and processes, particularly in the areas of structured incentives
· Support statutory and internal audits.
· Work with business and HR process owners to articulate and manage risks through designated risk forums and/or process or product governance committees.
· Work with the Reward Governance team on the alignment of structured incentives with regulatory guidance in all countries and that they follow best practice.
Governance
· Support statutory and internal audits, as appropriate
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.
· Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
· Co-Head, CIB
· CIB Banking & Coverage Management Team
· CIB Banking & Coverage HRBP
· Finance, Compliance and Risk partners
· Global and country PRB teams
· Service Delivery and PRB operations teams
Other Responsibilities
· Embed Here for good and Group’s brand and values in Human Resources; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats);
Our Ideal Candidate
· Role model and champion the Bank’s values and behaviours
· 10+ years' work experience in reward
· Experience in a Bank or Financial Institution
· An appreciation of the local legislative and regulatory landscape
· Strong networker and organizational influencer
· Commercially astute
· Strong collaboration
Role Specific Technical Competencies
· Effective Communication
· Relationship Management
· Operational Risk
· Budget Management
· HR Legal and Regulatory Environment
· Human Resources Policies, Strategies and Environment
· HR Policies, Standards and Procedures
· Human Resources Consulting
· Data Gathering and Analysis
· Performance Management
· Benefits Programs
· Salary Planning
· Equity-Based Pay Programs
· Incentive Programs
· Compensation Management
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.
Recruitment Assessments
Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
