Deputy Manager, Rewards

Summary

Execute and support the development of rewards and recognition initiatives that help attract, motivate, and retain talent, ensuring alignment with business objectives and market competitiveness. Manage day-to-day rewards operations and contribute to program enhancements, working closely with the Head of Talent & Capabilities Development on strategic priorities.

Duties & Responsibilities

• Support the design and implementation of reward and recognition programs that enhance employee engagement, motivation, and retention, ensuring alignment with the Bank’s values and business objectives.
• Assist in developing and implementing market-competitive total rewards practices to help attract and retain talent, ensuring fairness and equity across the organization.
• Conduct benchmarking and market research on compensation and benefits to assess competitiveness and provide recommendations for improvement.
• Gather, analyze, and interpret compensation and benefits data to produce insights that support data-driven decisions by management.
• Work with HR, Finance, and other departments to ensure rewards activities align with organizational goals and financial parameters.
• Assist in preparing and delivering communication materials to educate employees on reward programs, policies, and updates, ensuring clarity and transparency.
• Administer rewards and benefits programs, ensuring smooth execution and adherence to internal policies and regulatory requirements.
• Provide guidance to leaders and employees on rewards and benefits matters such as salary structures, incentive programs, and allowances, escalating complex matters when needed.
• Track and monitor departmental expenses to ensure they remain within budget allocations.
• Ensure compliance with internal policies, guidelines, and relevant regulatory requirements.
• Perform other related duties as assigned to support evolving business needs.

Qualification

• Bachelor’s degree in a relevant discipline or equivalent experience.
• Certifications in HR, Compensation & Benefits, or related fields are an added advantage.

Years of Experience

• At least 3 years of experience in Rewards, Compensation & Benefits, or related HR functions.

Specific Skills/Knowledge and Certification Required

• Good understanding of compensation and benefits principles, with hands-on experience in administering rewards programs.
• Solid analytical skills to interpret market data and support data-driven recommendations.
• Ability to collaborate effectively and maintain positive relationships with stakeholders across the organization.
• Strong problem-solving skills with the ability to handle day-to-day challenges in a dynamic environment.
• Clear and professional communication skills to explain rewards policies and processes to different audiences.