Reward Manager

Reward Manager

About the job

4 Month Contract

The objective of the HR department is to advise, support and partner with the business to enable the Bank to achieve its strategic intent. The constantly changing commercial and regulatory landscape heavily dictates the way the bank operates and evolves and our role in HR is to support the business in their people plans with hiring the right people, training them well and ensuring that our reward strategy aligns to the desired conduct and culture of the Bank.

What you'll be doing

The interim Reward Manager is responsible for data analysis and support as part of the Reward function. They will report to the Head: Reward and will be responsible for supporting the development, implementation, analysis and/or administration of the Bank's cash and non-cash reward programs.

The primary focus of this assignment is to manage a change in the Bank's deferred remuneration scheme due to recent PRA regulatory policy change in relation to deferral and retention periods. This will include data management moving through to system management and communications to the Material Risk Taker population.

On an ad-hoc basis you could also be responsible for:

• To manage the Bank's deferred remuneration scheme and changes relating to recent PRA regulatory change
• Supporting the day to day delivery of all aspects of reward management including cash compensation, share-based awards, benefits and mobility
• Taking part in coordinating the annual year-end salary and incentive review process, including setting guidance for the Business Unit HR teams, summarising the external market data, and analysing the salary review proposals
• Participating in external salary benchmarking surveys including data submission / validation / analysis and managing the relationship with external survey providers (representing ICBC Standard Bank at external meetings)
• Assisting accrual and bonus modelling for the compensation review process and providing analysis relating to total spend / trends post review
• Supporting the HR Teams with reporting and data analysis
• Assisting with Remuneration Committee reporting / modelling and pack production
• Responsibility for the Bank's provision of employee insured benefits including liaison with 3rd party insurance broker with regard to GLA, GIP, PMI and travel insurance
• Supporting flexible benefits including development of scheme offering in preparation for annual enrolment and drafting launch communications
• Providing advice on pay issues including ensuring consistency and competitiveness of compensation offers to new hires, benefits queries and general reward policy matters
• Reviewing buyout offers / calculations for potential new hires and assisting Business Unit HR teams on contract preparation
• Working with the Head: Reward in the development and implementation of reward strategies that support the Bank's reward philosophy and are consistent with the Bank's values
• Coordinating all aspects of the Banks International Mobility policy for both long and short term assignees including policy, cost modelling and relocation
• Managing the Banks share-based award platform (Vantage Point)
• Managing the Banks remuneration platform (PeopleFluent) in terms of modelling, testing, updates, improvements, process and reporting. This includes extensive liaison with the PeopleFluent account manager and development team
• Working in partnership with the Head: Reward to ensure that all remuneration regulatory requirements (RPS, Pillar 3, High Earners, MRT identification, HKMA review etc.) are processed in a consistent and timely fashion

What you'll need to be successful

We're looking for the following skills and experience. If you don't have all of these but think you could be a good fit for the role, get in touch.

• In-house experience of working in a regulated Banking environment or gained similar experience working in a reward consultancy environment.
• Broad based knowledge of all reward issues (compensation, benefits, mobility, pensions).
• Strong analytical skills and numeracy.
• Able to manage data, provide detailed analysis and prepare recommendations for discussion with senior
• High comfort level with information technology including: Excel to advanced level would be beneficial
• Good written communication skills to draft presentations and reports.
• Experience working in a matrix environment with multiple stakeholders.

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We're headquartered in London, with operations in Shanghai, Singapore and New York.

We're a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vison statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we're growing other employee network groups, including for women and neurodiversity.

We're committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

If you're excited about becoming part of our team, get in touch. We'd love to hear from you

ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Preferred Supplier List (PSL). Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.