Head - Total Rewards - BFS (15-20 yrs)

Industry - Banking / Financial Services / Broking

Job Description - This role requires a seasoned HR professional to manage the Compensation & Benefits functions in a financial services company.

Client Details

Our client is a respected player in the financial services sector with a strong presence in retail banking and loans. With a workforce exceeding 10,000, the company is recognised for its commitment to excellence and innovation.

Description

- Implementation of a comprehensive and competitive C&B program to ensure that the organisation remains competitive and can attract top talent.

- Lead strategic direction, planning, and requirements to execute the design, implementation, communication, and administration of the company's compensation programs, including incentives, benefits, and executive compensation

- Experience in strategizing compensation structures for Sales employees [MUST]

- Continuously evaluate the effectiveness of rewards programs to ensure they are aligned with our business and talent strategies and monitor market trends to make recommendations for changes

- Manage vendor relationships including, but not limited to, third party administrators, health and welfare advisors and retirement plan advisors, actuaries, plan auditors, and others

- Align the reward strategy with business goals

- Ensure compliance with statutory and regulatory requirements

- Manage relationships with external partners and vendors

- Conduct market benchmarking studies

- Oversee the administration of employee benefits programs

- Provide leadership in change management initiatives

Profile

A successful 'HR Confidential Mandate (C&B)' should have:

- 15+ years of overall experience in HR with a focus on Compensation & Benefits

- Good experience in stakeholder management for global counterparts and prior experience in designing, formulating & implementing of C&B programs

- Open to Mumbai as a location and 5 days WFO

- Candidate should come with experience dealing with the financial services industry

Job Offer

A unique opportunity to shape and drive the Compensation & Benefits strategy of a leading financial services company, located in the vibrant city of Mumbai.

To apply online please click the 'Apply' button below. For a confidential discussion about this role please contact Ritu Sanghavi at +91 22 6903 6564.

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