Reward & Performance Manager
Location
Mumbai | India
Job description
Position Overview
Job Title- Head of India- Performance & Rewards Location – Mumbai Role Description Summary: You will deliver performance and reward advice and process to the India HR Head ensuring adherence to country policy guidelines, regulatory requirements and benchmarking against wider market practice You will manage governance activities as well as the design and project management relating to DB s India country Policies, Frameworks and Processes related to benefits. Stakeholders that you work with include colleagues from the Performance & Reward team, Regional and Country level HR as well as COOs and senior business stakeholders from the functions. In all aspects of this role, your collaboration with the Bank's control function groups, including tax, legal and regulatory functions, and external advisors is key. As Head of P&R for India, you will lead a team of 18-20 managing payroll, benefits and rewards advisory.
Your Key Responsibilities - Act as Subject Matter Expert and specialist advisor who provides guidance to HR (including the various Performance & Reward delivery functions where relevant), to other control functions and Divisional rewards leads
- Support a team of professionals to deliver the P&R agenda efficiently and consistently across their divisions in India
- Define, manage and oversee delivery of performance and reward process including fixed pay and variable compensation planning
- Ensure compliance with Group governance and regulatory requirements for the various legal entities in India
- Provide/Coordinate advice to different stakeholders in the country wrt hiring and retention and change to performance and reward policy and frameworks
- Manage oversight and governance activities for India payroll
- Analyse and assess regulatory and market practice developments in relation to their impacts, to ensure that Products/Plans, Policies, Frameworks and Processes are operated in a compliant manner and in line with best practice. Co-ordinate and establish regular benchmarking of Deutsche Bank's compensation against competitor practices and stay on top of industry and general trends
- Collaborate regionally to assess, design, implement, govern & project manage the introduction of proposed or approved changes to benefits/ other policies related to rewards
Your Skills And Experience - In depth knowledge of performance & reward topics in a global environment with an expertise in India market
- Experience of project management and execution under pressured deadlines
- Relationship management, negotiating and consulting skills
- Experience of managing a team virtually
- Strong analytical skills
- Excellent verbal and written communication skills; Ability to draft communications and other documentation Very good working knowledge of compensation topics, including experience with regulatory requirements, setting up of policies, plan rule and process documentation
- Experience with working in a global / matrixed environment
What We'll Offer You As 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
Desired Skillsets - Needs to be leading Rewards team in current firm.
- Hands on experience in Payroll (at least India payroll), Benefits and Advisory part (Policy / process formation, Change in policy, cost analysis) will be helpful but not mandatory.
- Requires to be capable of having very close & strong collaboration with Sr Leadership team - Business.
- Should have People Manager exp. with a team size of at least 3-4. Candidates should be Sr. AVP or Jr. VP in their current roles.
- Candidates from IIMs or premier B Schools are preferred
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 Teams Please visit our company website for further information:
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.
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