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Senior PRB Specialist driving performance & reward strategy in CIB
Join Standard Chartered in Singapore for a full-time senior role.
Job Summary
• This role partners with leaders in PRB to deliver performance, reward and benefits outcomes that incentivise and reward the delivery of the bank strategy and create a performance orientated and innovative culture that emphasises conduct and sustainability. • The incumbent will primarily focus on the CIB part of the business with a view to providing strategic advisory, improving process efficiency, ensuring compliance with regulatory requirements and ensuring our PRB offering best meets business requirements.
Key Responsibilities
Strategy & Advisory • Trusted advisor on full scope of CIB compensation matters • Close partnership with Talent Acquisition teams to structure competitive and compelling offers which are aligned with the bank’s overall strategy and risk appetite • Integral member of global advisory team for managing year end TVC and salary outcomes for CIB population • Involvement in global PRB projects with a focus on CIB • Advisory to country CEO and HR teams around compensation aspects of regulatory and union matters pertaining to particular locations • Ability to analyse and use data to: • Support messaging and set strategy • Seek and identify “hotspots” for further focus Business • Establish relationships with key business stakeholders, enabling the identification and understanding of business objectives and how these can be supported by PRB • Maintain relationships with key stakeholders to ensure their engagement and sponsorship of the CIB compensation approach • Monitor the performance and effectiveness of reward policies, programmes and processes in achieving business objectives Processes • Manage performance and pay review processes in line with the global principles, in partnership with business and HR stakeholders • Identify, monitor (using data analytics and otherwise) and mitigate any operational risk arising and ensure proper controls are in place and maintained as per the Group’s operational risk framework People & Talent • Coach Performance & Reward Advisory Support colleagues in Chennai, motivating and developing them to achieve high standards of performance Risk Management & Governance • Manage audit and review activities in relation to CIB compensation • Work with business and HR process owners to articulate and manage risks through designated risk forums and/or process or product governance committees • Work with the Reward Governance team on the alignment of remuneration with regulatory guidance • Contribute to governance bodies e.g. papers for country board meetings and relevant sub-committees Regulatory & Business Conduct • Display exemplary conduct and live by the Group’s Values and Code of Conduct. • Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct. • Effectively and collaboratively identify, elevate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
• CIB leadership and business managers • Global PRB and HR teams • Finance, Compliance and Risk partners • PRB delivery and operations teams
Other Responsibilities
• Embed Here for good and Group’s brand and values in all interactions.
Our Ideal Candidate
10+ years of expertise in compensation, performance and reward management within a complex, matrixed organisation, with the ability to provide strategic advisory to senior business leaders. Exceptional stakeholder management and influencing skills, with a track record of partnering effectively with business, HR, Finance, Risk and Compliance teams to deliver commercial and people outcomes. Strong analytical, governance and risk management capabilities, with experience leveraging data insights to shape reward decisions, drive process improvements and ensure regulatory compliance.
Role Specific Technical Competencies
Compensation Management Data Gathering and Analysis Effective Communications Incentive Programs Performance Management Relationship Management Salary Planning
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us. Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we: Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing. Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations. Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum. Flexible working options based around home and office locations, with flexible working patterns. Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning. Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment Assessments
Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process. Visit our careers website www.sc.com/careers
Information at a Glance
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Job Skills
Key Skills Business Planning Business Partnerships Business Excellence Stakeholder Management Business Relationship Management Leadership Relevant Skills Human Resources Elearning Risk Management Analytical Thinking Sustainability Performance Management Self Motivation Risk Appetite Mental Health Business Process Improvement Brand Management Carrying out Assessments Knowledge of Finance Professional Communication Investment Banking Innovation Salary Planning Business Requirements Regulatory Requirements Continuous Training Team Working Risk Analysis Regulatory Compliance Auditing Skills Payroll Management Data Analysis Consulting Mentoring Recruitment Perseverance Governance Data Analytics Persuasiveness Operational Risk Management Assertiveness More