Reward Partner, VP

NatWest Group; Gurugram District; On-site; INR 4,000,000 - 6,500,000; Full time

Job summary

NatWest Group is seeking a Reward Partner at vice president level to sponsor projects that drive changes to pay constructs and meet regulatory requirements. You will provide expert support and frameworks for areas with high volumes of compensation constructs, and collaborate in a diverse, fast-paced team.

The role includes advisory on pay design, data analysis, and governance of compensation processes across the bank.

Qualifications

• At least twelve years of experience in compensation and benefits.
• Expert knowledge of compensation, regulatory reward and governance practices.
• Knowledge of regulations applicable to reward and benefits structures.
• Understanding of attraction and retention and how it interplays with Reward and EVP.
• Analytical skills and ability to derive actionable insights; strong stakeholder management.

Responsibilities

• Advise on pay constructs, market data analysis, and business cases.
• Design fixed and variable pay constructs, including pensions and benefits.
• Co-sponsor annual pay review and bonus processes.
• Governing compensation and severance approval processes.
• Collaborate with leaders to manage employee relations for Reward items.

Skills

Analytical skills

Stakeholder management

HR theories & best practices

Regulatory knowledge

Job description

Join us as a Reward Partner

• This is an opportunity for a driven individual to sponsor projects to drive changes to pay constructs or to meet regulatory requirements
• You'll provide expert support and technical advice and frameworks for business areas that have a high volume of compensation constructs
• Joining a diverse and collaborative team, you can expect lots of variety in this fast-paced role
• We're offering this role at vice president level

What you'll do

In this key role, you'll be advising on appropriate pay constructs, collations and analysis of market data, support for business cases, advice on exit packages, annual pay review and bonus process, remuneration design, policy guidance and reward benchmarking.

Throughout the course of your work, you'll also develop pay constructs that strike the right balance of fixed and variable pay across the bank, alongside working with business heads to design the fixed pay construct, including pensions and benefits provision.

You'll also be:

• Co-sponsoring the annual pay review process
• Providing HR ExCo and bank-wide leaders with expert diagnostic, insights and challenge regarding compensation
• Governing the compensation approval requests and severance approval requests processes
• Working with a range of colleagues to make sure employee relations for Reward items are well managed with social partners
• Managing delivery against financial plans and budgets, including forecasting, resource allocation and prioritisation

The skills you'll need

We're looking for someone with experience gained in a banking, regulatory or commercial environment, coupled with knowledge and application of HR theories, models and best practices.

We'll also expect:

• At least twelve years of experience in compensation and benefits
• Expert knowledge of compensation, regulatory reward and governance practices and their application
• Knowledge of regulations and how they apply to reward and benefit structures
• Understanding of attraction and retention and how that interplays with Reward and EVP
• Analytical skills, stakeholder management and the ability to derive actionable insights
• Knowledge of relevant legal policies, regulations and risk management