Senior Specialist: Remuneration & Benefits

About the position

• MAIN PURPOSE OF THE JOB
• To provide specialist support in the implementation and maintenance of the Bank's remuneration and benefits frameworks, policies, and practices, ensuring alignment with legislative requirements, governance standards applicable to state-owned entities, and the Bank's strategic [URL Removed] incumbent is responsible for conducting detailed data analysis, developing remuneration dashboards and reports, and providing insights to inform remuneration decisions, workforce planning, and submissions to management and governance committees. The role includes administering salary benchmarking, annual pay review processes, and incentive schemes, as well as participating in remuneration surveys to ensure market competitiveness and internal [URL Removed] analytical capability, advanced Excel proficiency, and experience in data visualisation are essential to produce accurate, insightful, and compliant remuneration information that supports decision-making across the organisation.
• Key Performance Areas
• Provide support on the implementation and maintenance of remuneration and benefits policies, frameworks, and processesSupport implementation of remuneration and benefits policies and frameworks across the organisation.
• Ensure all remuneration and benefits processes are executed accurately and within approved [URL Removed] compliance with the Remuneration Policy, SOE governance frameworks (e.g. DPE Guidelines), and internal controls.
• Keep all remuneration and benefits records current and [URL Removed] in periodic policy reviews and updates.
• 1. Conducts remuneration data analysis, salary benchmarking, and survey participationConduct market and salary benchmarking exercises to ensure internal and external [URL Removed] remuneration data and industry trends to inform organisational reward [URL Removed] remuneration dashboards and reports using advanced Excel or data visualisation tools (e.g. Power BI).
• Participate in external salary and benefits surveys and submit accurate data within [URL Removed] analytical insights and recommendations for decision-making.
• 1. Supports governance and compliance monitoringEnsure data accuracy, analytical clarity, and alignment with governance [URL Removed] and report on all audit findings, compliance actions, and governance [URL Removed] effective documentation for governance and audit purposes.
• 1. Administers and supports job evaluation and profiling processesJob evaluations conducted using approved methodology (e.g., Peromnes, Patterson, Hay).Job profiles and grading documentation maintained and [URL Removed] times for evaluations and grading queries [URL Removed] between job grading outcomes and remuneration structures maintained.
• 1. Provides analytical and technical support in the implementation of incentive programmes, linked to performance managementProvide analytical and technical support during incentive [URL Removed] accurate incentive and performance-based remuneration [URL Removed] data integrity across performance systems and [URL Removed] accurate models that are flexible and align to policy provisions and budgets.
• 1. Stakeholder Engagement and Advisory SupportProvide remuneration and benefits advisory support to managers and [URL Removed] and maintain strong relationships with internal [URL Removed] effective communication on remuneration policies, processes, and [URL Removed] to remuneration and benefits queries within agreed [URL Removed] awareness and understanding of remuneration governance.

• Bachelor's Degree in Human Resources Management, Industrial Psychology, Finance, or Commerce.

• Global Remuneration Professional (GRP) certification
• Advanced Excel Courses/Certifications
• 5 years' remuneration and Benefits Experience in State Owned Entity, Finance or Banking Environment

Desired Skills:

• remuneration and benefits policies

Desired Qualification Level:

• Degree

About The Employer:

SOE