Head, Reward CIB at Standard Bank Group

Job description

The purpose of the role is to provide dedicated day to day compensation support to the Head of CIB Compensation / Deputy Head of Reward Standard bank Group and to act as the lead specialist partnering the HC Executives supporting CIB.

In order to provide future personal development and greater organisational flexibility, there is the expectation that the role will involve support as required to other areas of Standard Bank’s reward team.

Job Purpose:

This role will assist in co-creating and delivering a global reward strategy that maintains the company position as an employer of choice and supports the company’s future growth and development plans. The incumbent will have full responsibility for the development of the Reward strategy.

Key Responsibilities/Accountabilities:

• Managing and nurturing the team of Reward team servicing the CIB business.
• Ensure that remuneration policies, processes and procedures are implemented in a consistent and effective way within CIB and where appropriate within the Standard Bank group.
• Analysis of total compensation spends and trends across the business.
• Proactively monitoring, tracking and investigating reward management issues/trends and developing appropriate value added solutions.
• Ensuring consistency and competitiveness of compensation offers to new hires in CIB.
• Working in partnership with business heads and the local HC Executives to explore and develop CIB’s reward strategy to reflect changing business needs.
• Work with the Head of CIB Compensation to develop reward frameworks that allow for creative and innovative solutions at the local level whilst retaining a consistent approach to reward issues across the Standard Bank group.
• Ensuring the right governance oversight is in place and followed for all compensation issues.
• Co-ordination of CIB’s local compensation surveys.
• Responsibility for the local management and roll out of the annual review of CTC and incentives.
• Safeguard the integrity and reputation of the Bank by ensuring that all remuneration practices and solutions are aligned to global, regional and local legal and regulatory requirements.

Key relationships include:

• HC Head of CIB
• Local business partners including business heads
• HC Heads and HCBPs
• Need to maintain a good working relationship with the wider reward team members
• Key external vendors both locally and globally

Preferred Qualification and Experience:

• Bachelor’s degree with a minimum of between 5-10 years in a Reward Manager role
• B. Comm, Honours or Masters and GRP Qualification an advantage
• Affiliations: SARA
• The candidate will be an experienced compensation specialist
• Between 5 and 10 years’ relevant experience in HR or a consultancy environment

Knowledge/Technical Skills/Expertise:

• General HR Knowledge
• Business Understanding (SB, Africa, Financial Industry)
• Specialist Knowledge and Experience
• Proficiency in MS Office skills, especially Excel

Competencies:

• Build Relationships (initiate and grow relationships/partnerships; build credibility)
• Delivery Focused/Quality Orientation
• Solution Creation
• Leadership
• Customer focus
• Working in teams
• Strategic Problem solving

Personal Attributes:

• Emotionally mature and resilient
• Must have influencing skills and develop the professional presence to ensure that expert advice has credibility with the business heads
• Good relationship management skills and communication are essential
• Must be able to demonstrate a creative yet pragmatic approach to problem solving
• Demonstrable analytical skills and numeric ability are essential
• The candidate will be an analytical thinker who is also comfortable with a remit that includes operational elements as well as those of a more strategic nature
• Attention to detail and a desire to produce high quality work are essential
• Good customer focus and relationship management skills.