Manager / Assistant Vice President - Compensation & Benefits Specialist

BNP Paribas

India
Permanent
Full-time

20 days ago

About BNP Paribas Group:BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centered on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.About BNP Paribas India Solutions:Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions.About Business line / Function :The Human Resources Department in BNP Paribas India Solutions is focused to:

Bring onboard the right Talent into the BNP Paribas India Solutions family
Continuously engage with our employees to promote BNP Paribas values
Ensure that reward and recognition reflect the principles of fairness and the values of BNP Paribas
Nurture and grow our Talent and develop our future leaders

Job Title:Manager / Assistant Vice President - Compensation & Benefits SpecialistDate:March 2023Department:Human ResourcesLocation:MumbaiBusiness Line / Function:Human ResourcesReports to:(Direct)Compensation & Benefits LeadGrade:(if applicable)Manager / Assistant Vice President(Functional)Number of Direct Reports:NADirectorship / Registration:NAPosition PurposeBe a Compensation & Benefits Specialist for designated entity level, and provide, in area of expertise, value-added advice to drive Business/Function strategic objectivesResponsibilitiesCOMPENSATION & BENEFITS :

Ensure necessary documentation / reporting and provide inputs where required for internal and or external benchmarking etc.
Ensure competitiveness of compensation and benefits practices within benchmarked industries, by regular review of total rewards survey insights. Proactively review and recommend improvements to rewards and benefits plans, based on market benchmarks and internal group reward philosophies & objectives
Manage and drive the annual Compensation Review Process
Lead and support change efforts related to C&B programs, ensure clear communication message delivered to all key stakeholders
Manage analytics and preparation of reports for regular review
Manage in reporting to various internal /external stakeholders with due data privacy controls and ensure compliance to local laws/regulations and adherence to reporting schedules
Support needs for Data for internal or group related analysis

BUDGETS :

Support in preparing for the annual HR budget for ISPL team
Liaison with requisite team members to ensure adequate inputs/rationale
Track, monitor and regularly report actual/vs budgets and highlight any trends at the agreed frequency
Ensure required inputs are given on ISPL budgets to India HR team and or ISPL Finance team

COORDINATION WITHIN HR :

Contribute to the flow of information within HR (bottom up and lateral)
Collaborate with HRBPs and drive the annual compensation benchmarking process
Liaise with Recruitment and review salary grid for Fresher/Graduate
Liaise with HR Operations & Payroll for change in compensation during the year

Coordinate with L&D team to deliver on specific programs or activities as required
Work in close collaboration with HR teams within the India Territory on harmonization of C&B approach, policies and components

HR PROJECTS

Initiates or delivers on delegated HR Projects as required
Recommend and drive automations and efficiencies to run the portfolio better

Technical & Behavioral CompetenciesREQUIRED COMPETENCIES/BEHAVIORS:

Understanding of local labor law
Understanding of HR processes and procedures
Communication skills
Ability to plan, prioritize, and deliver
Accuracy (with data and numbers)
Strong sense of confidentiality and ethics
Demonstrate problem solving skills
Excel and Powerpoint Skills
Diversity, inclusion and non-discrimination awareness
Strong process, change orientation

Skills ReferentialBehavioural Skills: (Please select up to 4 skills)Personal Impact / Ability to influenceAttention to detail / rigorAbility to deliver / Results drivenAbility to collaborate / TeamworkTransversal Skills: (Please select up to 5 skills)Ability to understand, explain and support changeAnalytical AbilityAbility to develop and adapt a processAbility to develop and leverage networksAbility to manage a projectEducation Level:Master Degree or equivalentExperience LevelAt least 7 yearsOther/Specific Qualifications (if required)sMinimum graduate degreeQualifications

BNP Paribas

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