Performance & Reward Senior Analyst, AVP

Mumbai, Maharashtra
Permanent
Full-time

3 days ago

Job Description:Job Title: Performance & Reward Senior AnalystLocation: Mumbai, IndiaCorporate Title: AVPRole DescriptionThis position is a part of the India HR team responsible for managing the Performance and Reward processes and delivering the Performance and Reward products and solutions for DB India across divisions (~24000+ FTE’s). The role holder will provide ongoing Performance and Reward education to HR and business to ensure understanding of reward processes and governance requirements. This position is also responsible for ensuring fulfilment of statutory and regulatory requirements within the Performance and Reward context.What we’ll offer youAs part of our flexible scheme, here are just some of the benefits that you’ll enjoy

Best in class leave policy
Gender neutral parental leaves
100% reimbursement under childcare assistance benefit (gender neutral)
Sponsorship for Industry relevant certifications and education
Employee Assistance Program for you and your family members
Comprehensive Hospitalization Insurance for you and your dependents
Accident and Term life Insurance
Complementary Health screening for 35 yrs. and above

Your key responsibilitiesKey Relationships/ Interactions:

India HR Team
Regional Performance and Reward Team
HR Business Partners/ Advisors
Corporate Insurance
Finance
Group Tax
Legal
Corporate Communication
Corporate Services
External Service Providers
Auditors
Regulators (RBI, Labor department etc.)

Key Requirements:

Implementation and application of global Performance and Reward processes and products in India.
Ensure compliance with global/ local statutory/ regulatory requirements and face off with auditors/ regulators (Reserve Bank of India / Labor departments)
Ensure local regulatory requirements regarding CEO compensation (submission, approvals etc.) and other Reward related compliance aspects
Manage the internal and external audits pertaining to the reward processes.
Support in the review and implementation of Labour Code changes, once mandated by the labour department.
Perform regular and ad-hoc analytics to review and support proposals as per business need.
Manage compensation benchmarking exercise including liaison with global Performance and Reward, and external service providers
Local coordination of global annual year end compensation process, any off-cycle processes and for mid-year progression.
Education of HR teams and businesses on DB’s Performance and Reward philosophy, practices and decision-making processes to ensure understanding and adherence to Performance and Reward processes and governance requirements
Manage external service providers in necessary engagement with internal DB stakeholders
Develop first-level proposals for any new Performance and Reward initiatives/ adaptations for India and engage global Performance and Reward
Manage local Performance and Reward communication requirements including employee handbooks and HR Connect content
Provide Performance and Reward advisory expertise for the solution of local business needs, complex individual queries, project-related initiatives and general implementation of Performance and Reward products and solutions. Work closely with HRBP / BAC and other teams.
Support COEs to build understanding of reward framework and other performance and compensation related advisory aspects
Local facilitation for DB compensation plans and benefit programs and governance requirements
First level conceptualization and engagement on local EVP delivery including benefit and wellness programs

Your skills and experience

5-8 years of relevant experience into Performance and Reward area would be essential
Impactful communication and influencing skills
Advanced spreadsheet skills
Understanding of HR applications
Understanding of India labour law and regulatory landscape
Strong business acumen
Project management ability
Strong analytical skills

Recommended key competencies

Client and Service Orientation
Collaboration and Teamwork
Openness to Innovation and Change
Performance Orientation
Assertive and resilient
Integrity, Trust and Fairness
Highly numerate
Analytical Skills
Cost and Risk Management

How we’ll support you

Training and development to help you excel in your career
Coaching and support from experts in your team
A culture of continuous learning to aid progression
A range of flexible benefits that you can tailor to suit your needs

About us and our teamsPlease visit our company website for further information:We strive for a in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.We welcome applications from all people and promote a positive, fair and inclusive work environment.

Deutsche Bank

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