Manager / Assistant Vice President – Compensation & Benefits Specialist

April 8, 2024

Manager / Assistant Vice President – Compensation & Benefits Specialist

ReferenceHUM000978

  • Standard / Permanent
  • India
  • HUMAN RESOURCES
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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 24×7 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 Specialist

Date:

March 2023

Department:

Human Resources

Location:

Mumbai

Business Line / Function:

Human Resources

Reports to:

(Direct)

Compensation & Benefits Lead

Grade:

(if applicable)

Manager / Assistant Vice President

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

Be a Compensation & Benefits Specialist for designated entity level, and provide, in area of expertise, value-added advice to drive Business/Function strategic objectives

Responsibilities

COMPENSATION & 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 Competencies

REQUIRED 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 Referential

Behavioural Skills: (Please select up to 4 skills)

Personal Impact / Ability to influence

Attention to detail / rigor

Ability to deliver / Results driven

Ability to collaborate / Teamwork

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and adapt a process

Ability to develop and leverage networks

Ability to manage a project

Education Level:

Master Degree or equivalent

Experience Level

At least 7 years

Other/Specific Qualifications (if required)s

Minimum graduate degree

               
…..

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