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Global Head of Total Rewards and Performance Management

3 months ago

Edinburgh, Scotland, United Kingdom myGwork Full time

This inclusive employer is a member of myGwork – the largest global platform for the LGBTQ+ business community.

Company Description

Founded and headquartered in Switzerland, Avaloq is continuously expanding its global footprint with around 2,500 colleagues in 12 countries, and more than 160 clients in 35 countries. We are an industry-leading provider of wealth management technology and services for financial institutions around the world, including private banks and wealth managers, investment managers, as well as retail and neo banks. Our research led approach and continual innovation is powered by the passion and creativity of our colleagues.
We are always looking for talented people to join us on our mission to orchestrate the financial ecosystem and democratize access to wealth management. Avaloq offers the opportunity to work closely with some of the world’s leading financial institutions as we jointly develop and shape careers. Championing a collaborative, supportive and flexible work environment empowers our colleagues to reach their full potential.


Job Description

The Global Head of Total Rewards and Performance Management will be responsible for developing and executing our global strategy for compensation, benefits, and performance management. This role is critical in ensuring that our reward systems are competitive, equitable, and aligned with our business objectives. The ideal candidate will be a strategic thinker with a strong background in global compensation and benefits, performance management, and HR analytics able to drive sustainable culture transformations leveraging their subject matter expertise and understanding the business needs and strategic objectives.

Key Responsibilitie:

  1. Total Rewards Strategy:

    • Develop and implement a comprehensive global total rewards strategy that supports the company’s business goals and enhances employee engagement and retention.
    • Ensure competitive, consistent fair and equitable compensation practices across all locations.
    • Design the company approach to pay transparency anticipating regulatory changes.
    • Shape company's philosophy in terms of benefits, maintain close knowledge of the market practices and work together with local HR teams to meaningfully enhance local benefits.
    • Develop and deliver training and support for managers and employees on Total Rewards cycles and practices.

  2. Performance Management:

    • Design and implement a global performance management system that drives high performance, accountability, fairness and alignment with business objectives.
    • Ensure performance management processes are consistent, transparent, and effectively communicated across all Avaloq business areas and locations.
    • Develop and deliver training and support for managers and employees on performance management cycle and best practices.

  3. Compensation and Benefits Administration:

    • Oversee the administration of all compensation programs, including salary structures, incentive plans, and equity programs.
    • Ensure compliance with local regulations and standards in all countries of operation.
    • Conduct regular market analyses to ensure competitive pay positioning.

  4. HR Analytics and Reporting:

    • Utilize HR analytics to inform and drive decision-making around compensation, benefits, and performance management.
    • Develop and maintain metrics and dashboards to track the effectiveness of total rewards and performance management programs.
    • Provide regular reports to senior leadership on key metrics and trends.

  5. Management and Collaboration:

    • Lead and develop a high-performing global team of 2 total rewards and performance management professionals.
    • Partner with HR Business Partners, HR Managers and other stakeholders to ensure alignment of total rewards and performance management initiatives with broader HR and business strategies.
    • Act as a trusted advisor to senior leadership on compensation, benefits, and performance management matters.

  6. Change Management:

    • Drive change management initiatives related to compensation, benefits, and performance management.
    • Communicate and reinforce the value of total rewards and performance management programs to employees.

Qualifications
  • Stong evidenceable track record of successful delivery in compensation, benefits, and performance management, with a strong emphasis on global programs
  • Deep understanding of global compensation and benefits practices, regulations, and trends and proven experience in a leadership role within a multinational organization.
  • Ability to conceptualize strategic initiatives and be hands-on in their implementation simultaneously and communicate effectively with stakeholders at all levels in the business in a way that is easy for them to understand.
  • Strong project management skills to ensure flawless execution of these key people processes

It would be a real bonus if you have:

  • Certification in compensation or benefits (e.g., CCP, GRP)
  • Bachelor's degree in Human Resources, Business Administration, or a related field; Master’s degree preferred
  • Experience in the technology and/or banking sector

Additional Information

We realize that managing work life balance is a challenge we all face in our daily lives and in order to support with this we are pleased to offer hybrid and flexible working for most of our Avaloqers to maintain work life balance and still continue our fantastic Avaloq culture in our global offices.

In Avaloq we are proud to embrace diversity and understand the success of our business is built on the power of different opinions, we are whole heartedly committed to fostering an equal opportunity environment and inclusive culture where you can be your true authentic self.

We hire, compensate and promote regardless of origin, age, gender identity, sexual orientation or any other fantastic traits that make us all unique, we have done our best to write this advert in an inclusive and neutral way.

Please be aware that we will not accept speculative CV submissions for any of our roles from recruitment agencies, and any unsolicited candidate submissions will be exempt from any payment expectations.

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