JOB SUMMARY
- This role partners with leaders in WRB to deliver performance, reward and benefits outcomes that incentivise and reward the delivery of the WRB strategy and create a performance orientated and innovative culture that emphasizes conduct and sustainability.
- The incumbent will also manage Frontline Incentive Plan (“FLIP”) used for frontline job families in WRB and work on enhancement of its design, delivery and controls to continue to improve process efficiency and ensure compliance with regulatory requirements.
RESPONSIBILITIES
Strategy & Advisory
- Trusted advisor on FLIP and reward issues for front line WRB staff.
- Contribute to the design of FLIP or other WRB structured incentive plans and modelling, implementation and assurance activities and implement the change management initiatives in the country and group via working with key partners in PRB, WRB HR Business Partners and local business stakeholders
Business
- Establish relationships with key business stakeholders, enabling the identification and understanding of business objectives
- Monitor the performance and effectiveness of reward policies, programmes and processes in achieving business objectives
- Maintain relationships with key stakeholders to ensure their engagement and sponsorship of the changes in FLIP and overall reward changes
Processes
- Collaborate with PRB product and process teams to achieve excellence in the implementation of FLIP in WRB 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, in partnership with country WRB HRBPs and WRB market heads.
- Identify, monitor and mitigate any operational risk arising and ensure proper controls are in place and maintained as per the Group’s operational risk framework
People & Talent
- Coach Performance & Reward Advisory Support colleagues in Chennai, motivating and developing them to achieve high standards of performance
Risk Management & Governance
- Manage audit and review activities in relation to FLIP and seek to improve effectiveness
- 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 remuneration with regulatory guidance
- Contribute to governance bodies e.g. draft papers for the Group Reward Plan Committee or its sub-committees
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
- WRB Management Team members and their direct reports
- Global and country PRB and HR teams
- Finance, Compliance and Risk partners
- PRB delivery and operations teams
Other Responsibilities
- Embed Here for good and Group’s brand and values in all interactions.
Our Ideal Candidate
8+ years of experience in HR / Consulting.
Preference is for candiadtes with specialization in performance management and rewards in Financial Service domain
Role Specific Technical Competencies
- Compensation Management
- Data Gathering and Analysis
- Effective Communications
- Incentive Programs
- Performance Management
- Relationship Management
- Salary Planning
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
