The Performance & Rewards Manager will support compensation programs, analyze trends, and liaise with stakeholders while ensuring compliance and driving HR initiatives.
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About the RolePosition Title: Manager Corporate Title: Assistant Vice President Reporting to: Assistant Vice President Location: Bengaluru Job ProfileWe are seeking a highly organized and analytical Performance & Rewards (P&R) Manager to support our P&R along with other organization wide initiatives across policies and benefits. This role is integral to driving data-driven decisions, managing multiple priorities, and driving the right rewards strategy in the organization. The ideal candidate will possess strong knowledge and experience on rewards and benefits, a proactive mindset, and the ability to effectively collaborate with diverse stakeholders and work closely across HR CoEs.Purpose of Role- Responsible for supporting COE in driving performance & rewards, policies, benefits and data analytics.
- Provide strategic and operational support in designing, implementation, administration and communication of all compensation programs.
- Lead the design and iteration of compensation policies to ensure external competitiveness and internal equity, through research & benchmarking on rewards policies and practices of leading banking captive firms as well as internal data analysis.
- Monitor local regulations and work closely with Legal teams and consultants to ensure policies comply with local laws
- Support in driving compensation review program by participating in various external benchmarking exercises, market intelligence and in house guidelines
- Partner with HR BPs and TA to provide solutions for rewards and broader HR initiatives
- Support COE in liaising with business stakeholders to provide them recommendations in tackling difficult cases in the area of rewards & benefits.
- Partner with finance and organization leadership to develop the overall budget and support in adherence
- Support in designing and review of existing HR policies and processes to create a positive employee experience during the employee lifecycle
- Partner with internal teams to support benefits strategy
- Support in analysing organization trends by working on various dashboards/reports to identify the trends and call out any potential HR risks that organization may be exposed to proactively
- Liaise with HR BPs to understand the pulse of the organization and accordingly present key trends, takeaways and recommended interventions
- 3+ years of experience with experience in Rewards and Benefits
- Strong analytical capabilities: Analyse trends, surveys, data analytics to determine relevant HR strategies (advance excel skills and presentation skills)
- Excellent communication skills: Be able to communicate with HR and Senior Management on various interventions, programs, policies and other areas
- Strong Ethics and Discretion: The incumbent for this role will deal with confidential information and therefore must be ethical and discrete while handling sensitive information
- Experience of working in COE team as part of GCC organization, preferably banking GCC.
Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.
Top Skills
Advanced Excel
Data Analytics
MUFG Belfast, Northern Ireland Office
3 Upper Queen St, Belfast, United Kingdom, BT1 6FB
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